United Foods Company Reports Strong Q1 2026 Results as Net Profit More Than Doubles
United Foods Company (PJSC) reported strong financial results for the first quarter of 2026, with net profit more than doubling to AED 16.3 million amid continued revenue growth and improved profitability across its operations.
The UAE-based food manufacturing and distribution company announced that gross revenue for the three-month period ended 31 March 2026 reached AED 218.8 million, compared to AED 184.8 million during the same period last year.
Net revenue increased 17.8 per cent year-on-year to AED 208.3 million, up from AED 176.8 million in Q1 2025, reflecting continued demand across the company’s key product categories and regional markets.
Profitability strengthens despite regional challenges
United Foods Company said the results were achieved despite ongoing geopolitical and macroeconomic challenges affecting the region, including inflationary pressures, commodity price fluctuations, supply chain disruptions, and logistics challenges.
Gross profit rose 51 per cent to AED 38 million, while gross profit margin improved significantly to 18.3 per cent compared to 14.3 per cent in the corresponding quarter of 2025.
Profit before tax more than doubled to AED 17.9 million, while earnings per share increased to AED 0.54 from AED 0.26 in Q1 2025.
The company’s total assets stood at AED 466.6 million, with total equity reaching AED 358.7 million.
Ali Bin Humaid Al Owais, Chairman of United Foods Company, said the first-quarter performance reflects the strength and resilience of a UAE-born business that has continued to evolve over the past five decades.
He added that the company remains focused on delivering sustainable value for shareholders while supporting the UAE’s food security ambitions and strengthening its position as a trusted regional food business.
Expansion and innovation strategy
The company said it continues to advance its transformation strategy under the leadership of CEO Mohamed Itani, focusing on strengthening research and development capabilities, enhancing product innovation, and exploring both organic and inorganic growth opportunities.
United Foods Company is also assessing plans to expand its manufacturing footprint across high-growth regional markets.
Mohamed Itani, Chief Executive Officer of United Foods Company, said the strong Q1 results reinforce the company’s confidence in its future growth prospects.
He noted that the company is focused on building a more agile and innovation-driven food business capable of responding quickly to evolving customer demands and changing regional market dynamics.
Itani added that the company aims to support a more resilient and future-ready food ecosystem through continued investment in quality, sustainability, operational excellence, and talent development.
UAE market drives growth
Revenue growth during the quarter was supported by strong performance across multiple markets.
Revenue generated within the UAE increased 18.9 per cent year-on-year to AED 157.8 million, compared to AED 132.7 million in Q1 2025.
Revenue from GCC markets outside the UAE rose 2.6 per cent to AED 26.2 million, while revenue from international markets increased 31.1 per cent to AED 24.3 million.
United Foods Company continues to serve households, hotels, restaurants, cafés, and industrial clients through its portfolio of edible oils, fats, ghee, margarine, butter blends, and other food products.
The company also highlighted ongoing investments in sustainability initiatives, including production efficiency, water management, automation, and Emiratization programmes across its operations.
