Investment reports

Invictus Investment records strong performance in first nine months of 2022

  • Reported revenue for the nine-month period exceeds AED4.4 billion in 2022 compared to DEA 1.96 billion for the same period in 2021
  • On a comparable basis, net profit jumped to AED 388 million in 2022 from AED 202 million in 2021

Abu Dhabi, UAE – Invictus Investment Company Plc (ADX: INVICTUS) has released its financial results for the nine months ended September 30, 2022. Revenue increased by 125% to AED4.4 billion and total net profit of AED388 million through a continued focus on geographic location expansion and a sustained increase in trade volume and revenue across all product lines.

Key highlights include:

  • Substantial increase in income from food grains: marketed wheat revenue increased by 158% compared to the same period in 2021, a third consecutive growth for the product line in 2022. Other products such as lentils, sesame, yeast, etc. also experienced overall revenue growth of 28%.
  • Added new products: As proposed in the company’s growth plans, this year we introduced fertilizers as a key product for our customers and added more than AED 140 million to our revenue.
  • Other essentials: Essential foods such as powdered milk recorded a growth of 136%, adding more than AED215 million in revenue and sugar grew by more than 200% to reach revenue of AED479 million this year so far. ‘now.
  • Packaging and capital goods: A 76% increase in revenue from the movement of essential packaging materials and capital goods added over AED430 million in revenue for the nine-month period ending September 30, 2022.
  • Solid operating cash flows: we also experienced robust growth in our net operating cash flow from AED 97 million in 2021 to AED 297 million in 2022 for the same period.
  • Expansion of geographic scope: our operations in the Middle East, Africa and Asia generated growth of 100%, 124% and 35% respectively, with cumulative revenues of more than AED 3,969 million thanks to a sustained focus on increasing connectivity between local producers and global markets. Our expanded operations in Europe grew by more than 600% to add AED434 million in revenue while expanding our network in the United States of America.

Amir Daowd Abdellatif, CEO, said: “2022 has been great for us on all fronts. Since our listing on the Abu Dhabi Stock Exchange (ADX) earlier this year, we have continued to deliver strong results. The past two years have highlighted the role of commodity trading sectors in ensuring that the future of food is safe and secure. At Invictus, our goal is to connect producers and consumers around the world, and our financial reports reiterate this.

We also continue to benefit from the UAE’s economic vision and world-class infrastructure. Our results validate our efforts to provide tailored solutions tailored to the unique needs of our customers. This third quarter report illustrates our core value of progress as we continue to expand our geographic reach.

We generated revenues of over AED 4.4 billion and our profit margins of over 10%, which is extremely healthy. We have invested and will continue to invest in our offerings to stay focused on generating high returns on investment for our stakeholders.

The full financial report is available at


About Invictus Investment

At Invictus Investment (ADX: INVICTUS), we connect growers and consumers to deliver essential food grains, finished goods and other commodities with a particular focus on Africa, the Middle East and Asia .

We have connected our diverse supply network to extend our value chain to include smallholder farmers in all markets to create and reinvent the future of food, developing tailored and innovative solutions for respond to changing needs on a global scale.

Invictus Investment operates a wholly owned subsidiary, Invictus Trading FZE, which was incorporated in 2014, is headquartered in Dubai, United Arab Emirates, and currently operates in 70 countries.

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Sneha Nair
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