Invictus Investment Company PLC (ADX: INVICTUS) has announced record-breaking financial results for 2025, reporting a 184% year-on-year surge in EBITDA to AED 458.5 million, its strongest performance since listing on the Abu Dhabi Securities Exchange in 2022.
The Dubai-headquartered agro-food enterprise achieved revenue of AED 13.3 billion in 2025, up sharply from AED 8.9 billion in 2024. Net profit climbed 37% to AED 227.6 million, reinforcing the company’s accelerating growth across the Middle East and Africa.
Strong acquisitions fuel record performance
The company drove growth through strategic acquisitions, operational integration and geographic expansion. Management strengthened supply chain capabilities and improved efficiencies across subsidiaries. As a result, commodity transaction volumes jumped 73% to 14.2 million metric tonnes, compared to 8.2 million metric tonnes the previous year.
Total equity increased 17% to AED 1.4 billion, highlighting stronger financial stability. Meanwhile, the Board recommended a cash dividend of AED 40 million for 2025, signaling confidence in sustained earnings momentum.
IHC boosts stake to 40%
In a major milestone, International Holding Company (IHC) increased its shareholding in Invictus Investment to 40%. The transaction involved the purchase of 196 million shares in a block trade valued at AED 419.83 million. This move underscores investor confidence in the company’s long-term growth strategy.
Additionally, Invictus secured a structured acquisition finance and revolving credit facility from Mauritius Commercial Bank Limited to fund expansion into new African markets. The diversified financing approach strengthens liquidity while supporting disciplined scaling.
Africa expansion accelerates with key acquisitions
During 2025, Invictus completed the acquisition of Merec Industries, Mozambique’s largest flour milling company. It also finalized an agreement to acquire a 65.25% stake in Angata Limitada, an Angola-based fertilizer blending firm, with completion in January 2026. Furthermore, the company continued integrating Graderco, Morocco’s agro-trading leader, after acquiring a 60% stake in 2024.
At the same time, Invictus entered 10 new markets, including Iraq, Lithuania, Cameroon, Ghana, Madagascar, Liberia, Mauritania, Nigeria, South Africa and Zimbabwe. Consequently, its global footprint now spans 65 countries. The product portfolio expanded to more than 30 commodity categories, strengthening its competitive edge in grain trading and food supply chains.
CEO outlines ambitious 2028 revenue target
Amir Daoud Abdellatif, CEO of Invictus Investment, described 2025 as a defining year marked by transformative growth and strategic consolidation. He emphasized that IHC’s increased stake validates the company’s trajectory and positions it for accelerated expansion.
Looking ahead, Invictus aims to reach AED 25 billion in revenue by 2028. To achieve this, the company plans targeted investments in midstream and downstream assets, particularly across North Africa and key coastal hubs.
Sustainability and food security focus
Invictus continues to embed Environmental Stewardship, Social Empowerment and Ethical Governance into its operations, building on its 2024 ESG framework. The company integrates sustainability standards into newly acquired entities while supporting food security across Africa and the Middle East.
With record EBITDA growth, rising revenues and expanded African operations, Invictus Investment strengthens its position as a leading agro-food commodities player in emerging markets.
