ADNH Catering, a leading food and support services provider in the UAE, said it has posted a revenue of AED 1.2 billion ($326 million) during the first nine months of 2024, while announcing its unaudited financial results for the three-month and nine-month periods ended September 30, 2024.

The revenue that has been reported on a pro forma basis, has resulted in Ebitda of AED 167 million at an Ebitda margin of 13.7%.

ADNH Catering said its pro forma net profit of AED 110 million at a robust net profit margin of 9.0% reflected its efficient supply chain management, operational efficiencies and proactive contract management.

Clive Cowley, CEO of ADNH Catering, said: “We are pleased to report our first set of results since listing on ADX, with a solid revenue base, sound Ebitda margins and robust free cash flow for the nine months ended September 2024.

“Over the course of this period we have achieved healthy growth in contracts, particularly for our support services segment, underscoring our commitment to strategic expansion across key verticals and geographies.”

The core focus on winning new business and retaining key clients through active tender participation has delivered 37 new contracts and 20 clients over the last nine months, with 15 new contracts and seven new clients secured in the most recent quarter, with a retention rate of over 97% on average for the last 12 months. 

The company is also actively pursuing inorganic growth through targeted bolt-on acquisitions outside its core catering operations, aimed at broadening service offerings and expanding into high-potential sectors and underserved regions, including in education and energy. – TradeArabia News Service