United Foods Company (DFM: UFC) reported its full-year financial results for the period ending 31 December 2024, highlighting growth in revenue, profitability, and operational strength.
Gross revenue reached a record AED 601.7 million, up from AED 589.4 million in 2023, supported by a 5.9% increase in sales volumes. Gross profit rose by 8% to AED 99.6 million, while profit before tax and remuneration increased by 22% to AED 37.5 million. Net profit after tax stood at AED 30.8 million, with earnings per share rising 11% to AED 1.02. Total assets reached AED 439.4 million, and equity grew to AED 344.5 million.
Reflecting its financial performance, the Board of Directors proposed a 100% cash dividend of the paid-up capital, equivalent to AED 1 per share, pending shareholder approval at the upcoming AGM.
Fethi Khiari, CEO of United Foods Company, commented, “In all, 2024 was a milestone year of achievement for United Foods. We increased sales volumes and revenue, protected margins, and diversified our product portfolio to better serve our customers.”
The Group invested AED 12.8 million in capital expenditure, including a new fractionation unit and PET blowing machine to support production of biodegradable bottles.
United Foods also continued to focus on operational improvements, digitalization, and Emiratization initiatives. Looking ahead, the company plans to scale operations, invest in automation, and deepen its ESG practices to sustain long-term value creation.
United Foods operates from Dubai and serves over 70 countries, producing edible oils, fats, and food products under brands such as Aseel, Nawar, and Supersun.