Invictus Investment Company PLC reported record financial results for the year ended December 31, 2025, with EBITDA rising 184% year-on-year to AED 458.5 million, marking its strongest performance since listing on the Abu Dhabi Securities Exchange in 2022.
According to a statement distributed by APO Group, Revenue climbed 49% to an all-time high of AED 13.3 billion, up from AED 8.9 billion in 2024, while net profit increased 37% to AED 227.6 million. Return on equity reached 18%, reflecting stronger profitability across the business. The board has recommended a cash dividend of AED 40 million for 2025.
The company also reported a 73% increase in commodity transaction volumes to 14.2 million metric tonnes, supported by both organic growth and the integration of strategic acquisitions. Total equity grew 17% to AED 1.4 billion, underscoring the company’s solid financial position as it expands across key markets.
Invictus’ growth was underpinned by a series of strategic acquisitions and geographic expansion. In 2025, it completed the acquisition of Merec Industries, Mozambique’s largest flour milling company, and advanced the purchase of a 65.25% stake in Angata Limitada, an Angolan fertiliser blending business finalized in January 2026. The company also consolidated Moroccan agro-trading leader Graderco, in which it acquired a 60% stake in 2024, further strengthening its sourcing and processing capabilities across Africa.
Investor confidence in the company’s trajectory was highlighted when International Holding Company (IHC) increased its stake in Invictus to 40%, purchasing 196 million shares in a block trade valued at AED 419.83 million. In parallel, the company secured acquisition and revolving credit financing from Mauritius Commercial Bank Limited to support further growth in African markets.
During the year, Invictus expanded into 10 new countries, including Iraq, Lithuania, Cameroon, Ghana, Madagascar, Liberia, Mauritania, Nigeria, South Africa and Zimbabwe, bringing its operational footprint to 65 markets worldwide. Its product portfolio grew to more than 30 agro-food categories, reflecting the company’s commitment to meeting diverse client needs and expanding value-chain capabilities.
Commenting on the results, CEO Amir Daoud Abdellatif said: “2025 was a defining year for Invictus Investment. We delivered significant growth across all key metrics while making strategic acquisitions that have fundamentally strengthened our business. IHC’s increased stake validates our growth journey and sets the tone for the strategic trajectory ahead. Our priorities are clear, and our pipeline of midstream and downstream investments positions us to continue delivering value and reach AED 25 billion in revenue by 2028.”
The company also reaffirmed its commitment to sustainability, continuing to embed environmental, social and governance (ESG) priorities across its operations, including newly acquired entities, in line with the 2024 ESG framework.
