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.

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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)

89,915

Diluted EPS

0.15

Source: FY2025 consolidated statements [1] [2] [3] [4]. Click any linked figure to open the filing page with the row highlighted.

Revenue by Segment

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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

Balance Sheet FY2021 FY2022 FY2023 FY2024 FY2025
  Property, plant and equipment 517,740 1,145,456 2,019,230 2,028,742 2,159,505
  Intangible assets and goodwill 42,563 408,202 378,372 369,128 611,398
  Investment in associates 270,499 614,599 664,684 4,098,665 4,141,554
Total non-current assets 857,720 2,498,353 3,480,996 6,803,822 7,328,795
  Inventories 80,148 204,042 420,593 540,083 618,556
  Trade and other receivables 158,393 1,019,543 1,066,850 955,258 1,207,232
  Cash and bank balances 173,688 469,437 1,004,665 605,007 555,132
Total current assets 631,095 2,867,863 3,584,375 2,401,031 2,506,092
Total assets 1,488,815 5,366,216 7,065,371 9,327,600 9,950,518
  Bank borrowings (non-current) 40,437 422,437 625,090 497,388 792,925
  Bank borrowings (current) 34,765 149,133 334,349 338,230 353,879
Total liabilities 525,485 1,569,102 2,650,565 2,655,519 3,082,035
  Equity attributable to owners of the Company 935,189 2,525,817 2,736,184 5,321,374 5,454,435
Total equity 963,330 3,797,114 4,414,806 6,672,081 6,868,483

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

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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

0.00

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).