Invictus registers 111% revenue and 126% net profit growth on very strong H1 2022 financial results


  • Total revenues grew to AED 3.2 billion in H1 2022
  • Net profit increased to AED 301 million in H1 2022
  • Total equity surged to 875 million as of June 30, 2022



Invictus Investment Company PLC (Symbol: INVICTUS), a trading firm specialising in agro-food commodities, raw materials for industries and finished goods, a subsidiary of Invictus Holding Limited announces financial results for six months ended June 30, 2022.


In its first earning announcement after listing on ADX Growth Market on June 29, 2022, Invictus reported an increase of 111% in revenues year-on-year for the six-months ended on June 30, 2022. Revenues posted for first half 2022 were AED 3,235 million, compared to AED 1,532 million for the same period in 2021. Invictus operating performance similarly grew significantly in H1 2022, with the company’s gross profit of AED 340 million 124% higher and net profit of AED 301 million 126% higher than in the same period in 2021.


Given the financial results announced and with the equity raised by the company before its listing on ADX, Invictus’ total equity increased considerably from AED 250 million as at Dec 31, 2021 to AED 875 million by June 30, 2022.


Invictus Investment was listed on the Abu Dhabi Securities Exchange (ADX) Growth Market on June 29, 2022, with total of 1.12 billion shares outstanding. As of June 30, 2022 financial reporting date, the company’s shares were held: 66.96% by Invictus Holding Limited, 22.32% by IHC Food Holding LLC, and 10.72% by other market investors.


Amir D. Abdellatif, Chief Executive Officer of Invictus Investment Company PLC said: “We are pleased to post strong results for the first half 2022. Given our food products and commodity focus, our revenues and operating performance grew primarily due to volume growth and partially due to commodity price increases in the market. We also expanded our product offering by adding fertilizer trades during 2022. Consequently, our half-year 2022 revenues and net profits have already surpassed Invictus’ full year numbers in 2021. We remain carefully positive about market opportunities and with the AED 324 Million in additional equity raised recently, we continue to explore investment opportunities and potential acquisitions that can not only bring further growth but also synergies to our business.”