Metrics
The numbers behind Ghitha Holding P.J.S.C: as-reported financial statements and company metrics for FY2021–FY2025, traced to the source filings, opened with the share-price history those statements have to justify. Every linked figure opens the exact page of the filing it was printed on, with the statement row highlighted. Amounts in AED thousands unless noted.
Reading notes: All values are shown in AED thousands. The FY2023-FY2025 annual reports and all interim reports present figures in AED thousands; the FY2020-FY2022 annual reports present figures in full dirhams, which have been converted to thousands for display (citation anchors point to the full-dirham figure as printed). FY2022 column figures are the FY2022 comparative column of the FY2023 annual report; FY2021 column figures are the FY2021 comparative column of the FY2022 annual report. The corpus contains no standalone FY2021 annual report. FY2024 profit was inflated by a one-off AED 2,654,652 thousand gain on the derecognition of a subsidiary (Apex Investment PSC, note 6.7); underlying continuing-operations profit before tax was AED 243,429 thousand in FY2025 vs AED 2,880,290 thousand (incl. the gain) in FY2024. The Group restated its reportable segments during FY2024 from a service/business cut (consumer goods, catering, facility management, manufacturing, contracting) to a product cut (fruits vegetables, dairy protein, trading distribution, edible oil fats, investment others), restating the FY2023 comparative. A consistent segment mix is therefore available only from FY2024, so the Revenue-by-Segment and Gross-Profit-by-Segment tables start at FY2024.
Share Price — Available History Since January 2026
The stock closed at AED 11.30 on Jul 31, 2026 — down 33% over the window shown, trading between AED 10.36 and AED 17.14. At that close the stock trades at 75× FY2025 diluted EPS as reported below.
Source: market price feed, daily closes, Jan 2026–Jul 2026 — the feed marks this available history as partial. Price return only, excludes dividends.
Market capitalization AED 2.7bn.
Market cap = 241.6M shares outstanding × the Jul 31, 2026 close of AED 11.30. Market-derived, shown without filing links.
FY2025 at a Glance
Net income (AED thousands)
Diluted EPS
Source: FY2025 consolidated statements [1] [2] [3] [4]. Click any linked figure to open the filing page with the row highlighted.
Revenue by Segment
| Revenue by Segment | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|---|
| Fruits and vegetables | — | — | — | 1,453,567 | 1,529,982 |
| Dairy and protein | — | — | — | 1,859,317 | 2,353,994 |
| Trading and distribution | — | — | — | 965,851 | 1,006,801 |
| Edible oil and fats | — | — | — | 687,935 | 767,069 |
| Investment and others | — | — | — | 67,221 | 0 |
| Inter-segment eliminations | — | — | — | (65,853) | (77,686) |
| Total revenue from contracts with customers | — | — | — | 4,968,038 | 5,580,160 |
| Total revenue from contracts with customers growth, derived | — | — | — | — | +12.3% |
Source: Note 33 Segment Reporting (revenue from contracts with customers by reportable segment) [5] [6]. Click any linked figure to open the filing page with the row highlighted.
Gross Profit by Segment
| Gross Profit by Segment | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|---|
| Fruits and vegetables | — | — | — | 208,782 | 249,472 |
| Dairy and protein | — | — | — | 549,344 | 732,266 |
| Trading and distribution | — | — | — | 160,705 | 158,702 |
| Edible oil and fats | — | — | — | 44,252 | 59,216 |
| Investment and others | — | — | — | 14,602 | 0 |
| Inter-segment eliminations | — | — | — | 0 | 183 |
| Total gross profit | — | — | — | 977,685 | 1,199,839 |
Source: Note 33 Segment Reporting (segment gross profit) [5] [6]. Click any linked figure to open the filing page with the row highlighted.
Income Statement
Source: Consolidated Statement of Profit or Loss [1] [2] [3] [4]. Click any linked figure to open the filing page with the row highlighted.
Balance Sheet
Source: Consolidated Statement of Financial Position [7] [8] [9] [10]. Click any linked figure to open the filing page with the row highlighted.
Cash Flow
| Cash Flow | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|---|
| Net cash from operating activities | 49,396 | 162,743 | 633,123 | 370,288 | 425,874 |
| Additions to property, plant and equipment | (11,939) | (107,504) | (450,417) | (114,393) | (118,889) |
| Net cash used in investing activities | (29,050) | (432,269) | (568,142) | (537,999) | (535,664) |
| Net cash from financing activities | (9,830) | 561,821 | 255,329 | (173,036) | 174,048 |
| Net increase (decrease) in cash and cash equivalents | 10,516 | 292,295 | 320,310 | (340,747) | 64,258 |
| Cash and cash equivalents at end of the year | 171,394 | 453,294 | 771,841 | 426,816 | 491,841 |
| Free cash flow, derived | 37,457 | 55,239 | 182,706 | 255,895 | 306,985 |
Source: Consolidated Statement of Cash Flows [11] [12] [13] [14]. Click any linked figure to open the filing page with the row highlighted.
Long-Term Record
| Fiscal year | Total revenue | Operating profit | Profit attributable to owners | Basic and diluted EPS | Operating cash flow | Total equity |
|---|---|---|---|---|---|---|
| FY2018 | 286,381 | 18,572 | 18,526 | — | (7,536) | — |
| FY2019 | 302,999 | 19,103 | 18,636 | 1.21 | 41,698 | 139,630 |
| FY2020 | 289,029 | 12,773 | 12,295 | 0.80 | 25,158 | 161,401 |
| FY2021 | 545,621 | 30,439 | 57,625 | 0.58 | 49,396 | 963,330 |
| FY2022 | 2,278,566 | 155,249 | 281,718 | 1.44 | 162,743 | 3,797,114 |
| FY2023 | 4,566,913 | 254,401 | 30,330 | 0.13 | 633,123 | 4,414,806 |
| FY2024 | 4,968,038 | 228,668 | 2,556,135 | 10.58 | 370,288 | 6,672,081 |
| FY2025 | 5,580,160 | 318,677 | 36,508 | 0.15 | 425,874 | 6,868,483 |
Source: consolidated statements across filings; older years from the standardized feed [12] [1] [8] [14]. Click any linked figure to open the filing page with the row highlighted.
Analyst Consensus
Mean target
Street ratings: No sell-side analyst coverage. Ghitha Holding P.J.S.C (ADX:GHITHA) is covered by 0 analysts, so there is no consensus price target and no buy/hold/sell rating breakdown available from any reputable aggregator (Simply Wall St, Investing.com). Simply Wall St shows only a proprietary model fair-value estimate (~AED 73), which is not an analyst consensus target.
Estimate source: analyst consensus (claude_web), as of 2026-07-31. Forecasts carry no filing page links.
Traceability
250 of 260 figures on this page (96%) link to the filing page where they are printed — click a linked figure to open the source PDF at that page with the row highlighted. Unlinked figures come from standardized data feeds or pre-filing years.
All values are shown in AED thousands. The FY2023-FY2025 annual reports and all interim reports present figures in AED thousands; the FY2020-FY2022 annual reports present figures in full dirhams, which have been converted to thousands for display (citation anchors point to the full-dirham figure as printed).
FY2022 column figures are the FY2022 comparative column of the FY2023 annual report; FY2021 column figures are the FY2021 comparative column of the FY2022 annual report. The corpus contains no standalone FY2021 annual report.
FY2024 profit was inflated by a one-off AED 2,654,652 thousand gain on the derecognition of a subsidiary (Apex Investment PSC, note 6.7); underlying continuing-operations profit before tax was AED 243,429 thousand in FY2025 vs AED 2,880,290 thousand (incl. the gain) in FY2024.
The Group restated its reportable segments during FY2024 from a service/business cut (consumer goods, catering, facility management, manufacturing, contracting) to a product cut (fruits vegetables, dairy protein, trading distribution, edible oil fats, investment others), restating the FY2023 comparative. A consistent segment mix is therefore available only from FY2024, so the Revenue-by-Segment and Gross-Profit-by-Segment tables start at FY2024.
Discontinued operations were first presented in the FY2024 report and comparatives were restated. Each year's income-statement, balance-sheet and cash-flow figures are cited to that year's own annual report as originally reported; consequently FY2024 revenue (4,968,038) differs from the restated FY2024 comparative shown in the FY2025 report (4,915,873).
The quarterly income statement uses the three-month columns printed in each interim report; Q4 FY2025 is not shown because Ghitha files no standalone fourth-quarter interim report.
Ghitha Holding PJSC was formerly Zee Store PJSC (renamed January 2022) and is part of the International Holding Company (IHC) group; the step-change in scale from FY2021 to FY2023 reflects business combinations of entities under common control (reverse acquisitions), not organic growth.
5 figure(s) differed between the data feed and the filing; the filing value is shown (see the run's metrics/metrics_tab.json for the audit trail).