Agility Global reported strong first-quarter 2026 results, with revenue rising 23% year-on-year to US$1.4 billion, while EBIT increased 12% to US$103 million and EBITDA climbed 7% to US$185 million.
The Abu Dhabi-listed company said the results reflected resilient performance across its operating businesses despite growing geopolitical and macroeconomic uncertainty.
Agility Global Chairman Tarek Sultan said the group delivered “a solid start to 2026” despite market volatility and disruption across parts of the business during March.
The company’s investment segment carried a value of approximately US$5.6 billion as of 31 March 2026, supported mainly by its stake in DSV and the continued growth of Reem Mall in Abu Dhabi.
Menzies Aviation Reports Revenue Growth
Menzies Aviation recorded 34% revenue growth in Q1 2026, reaching US$869 million, driven by the full contribution of the G2 acquisition and improved yields across the portfolio.
However, EBIT declined 15% compared to the same period last year due to costs linked to the company’s exit from Kuwait and wider flight disruptions during the quarter.
Agility said the integration of G2 remains on track, with synergies expected to strengthen throughout 2026.
Tristar Expands Profitability
Tristar posted 9% revenue growth, while EBIT rose 29% year-on-year.
The increase was supported by stronger fuel and maritime operations, as well as portfolio optimisation through reduced vessel chartering exposure.
Agility Logistics Parks Drives Growth
Agility Logistics Parks delivered one of the strongest performances within the group, with revenue increasing 44% and EBIT surging 64%.
The company attributed the growth to logistics facilities transitioning into fully income-generating assets.
Saudi Arabia remained the main growth driver, with near-full occupancy across the existing portfolio. Agility expects to deliver 82,000 square metres of new warehouse space in Jeddah during 2026.
The group also confirmed that its recently announced SAR 2.5 billion joint venture with ROSHN is expected to begin development in the second half of the year.
Investment Portfolio Supported by DSV Stake
Agility holds 19.3 million shares in DSV, representing an 8.2% stake with a carrying value of US$4.5 billion as of the end of March.
The company said DSV’s ongoing integration activities and market consolidation strategy continue to support Agility’s long-term investment thesis.
Meanwhile, Reem Mall reported double-digit growth in footfall and tenant sales, with occupancy approaching 90% following continued leasing momentum and new flagship store openings.
Financial Position Remains Stable
As of 31 March 2026, Agility Global reported total assets of US$13.2 billion and shareholder equity of US$5.7 billion.
Net debt, excluding lease liabilities, stood at approximately US$3.8 billion, while the company said it maintained healthy operating cash flow and sufficient financial flexibility to support future expansion initiatives.
