Invictus Investment

What Invictus Investment does

Invictus Investment Company PLC is a UAE-domiciled, Abu Dhabi Exchange-listed holding company that operates as an integrated agro-food enterprise trading agricultural commodities (grains, wheat), processed food products (flour), and precious metals. The company reported FY2025 revenue of AED 13.3 billion (up 49% year-on-year), EBITDA of AED 458.5 million (up 184%), and net profit of AED 227.6 million (up 37%), with commodity transaction volumes of 14.2 million metric tonnes across operations in 65 countries.

The business model is asset-light commodity trading at the parent level, executed through subsidiaries including Invictus Trading FZE (commodity origination and wheat supply deals such as the $50 million DAL Foods commitment in Sudan) and Stratton Africa Holdings Limited (acquisition vehicle for African agribusiness assets). Strategic acquisitions have built out the downstream and geographic footprint: a 60% stake in Moroccan agribusiness Graderco (April 2024), Mozambique's largest flour miller Merec Industries (February 2025), and an Angolan fertiliser blender (2025), creating an integrated chain spanning grain trading, warehousing, flour milling, and fertilizer blending across North, East, and Southern Africa and the Middle East.

Revenue is generated through transactional spreads on commodity flows with B2B enterprise customers; pricing is negotiated per contract and not publicly disclosed. Go-to-market is enterprise field sales with an acquisition-led growth strategy targeting AED 25 billion in revenue by 2028. International Holding Company (IHC) holds approximately 40% of the equity following a December 2025 AED 420 million block trade, providing strategic capital and Mauritius Commercial Bank supplied structured debt financing in November 2025 to underwrite continued expansion.

Name

Invictus Investment

Legal name

Invictus Investment Company PLC

Website

https://invictusinvestment.ae

Company type

Public

Founded year

2022

Operating status

Operating

Headcount range

51–100 employees

Short description

Invictus Investment Company PLC is an ADX-listed UAE holding company that trades agricultural commodities, flour, and precious metals across 65 countries, serving enterprise buyers in Africa and the Middle East through acquired warehousing, milling, and distribution assets.

Ownership category

akta.pro rank

Product category

Agro-Commodity Trading

NAICS

Commodity Contracts Intermediation (523160), Grain and Oilseed Milling (3112), Securities and Commodity Contracts Intermediation and Brokerage (5231)

SIC

Commodity Contracts Brokers & Dealers (6221), Grain Mill Products (2040)

akta.pro primary industry

Grain & Oilseed Trading/Wholesale (AFAIAKAA)

akta.pro secondary industries

Starches, Flours & Milling Products Trading/Wholesale (AFAIAKAH), Import/Export & Cross-Border Food Commodity Trading (AFAIAKAL)

Keywords

• Commodity trading
• Agro-food distribution
• Flour milling
• Grain trading
• Food processing

Headquarters

HQ city

Dubai

HQ country

United Arab Emirates

HQ region

Middle East

Markets served

GTM type

B2B

Offering type

Services

Cost components

Supply Chain, Operations, Personnel, Marketing or Sales, Infrastructure

Revenue model

1. Commodity Trading: Trading of agricultural commodities including grains and wheat, with transaction volumes of 14.2 million metric tonnes in 2025. This is the primary revenue driver with 73% volume growth year-on-year.
2. Food Products: Trading and processing of food products including flour milling operations through acquired assets like Merec Industries in Mozambique.
3. Precious Metals Trading: Trading of precious metals as a supplementary revenue stream alongside agricultural commodities and food products.

Go-to-market motion2 records

Distribution channels1 record

Core offering

Invictus Investment Company PLC is a UAE-based holding company that trades agricultural commodities, food products, and precious metals directly between producers and consumers across Africa and the Middle East. The company operates an integrated agro-food supply chain spanning grain trading, flour milling, warehousing, and distribution through subsidiaries such as Invictus Trading FZE, Stratton Africa Holdings, Graderco (Morocco), and Merec Industries (Mozambique).

Product overview

Invictus Investment Company PLC is a UAE-based holding company operating in trading agricultural commodities, food products, and precious metals through multiple subsidiaries including Stratton Africa Holdings Limited and Invictus Trading FZE. The company has expanded via acquisitions including Moroccan agribusiness Graderco (warehousing/distribution) and Mozambique's largest flour miller Merec Industries. Operations span 65 countries across Africa and the Middle East, with focus on grain trading, flour milling, aquaculture, fish trading, and food processing.

Differentiator

Problem solved

Functional benefit

Products and services

• Agricultural Commodity Trading

Quantifiable outcome

• 164% increase in EBITDA in H1 2025
• +2 more outcomes

Named customers2 records

Segments1 record

Ideal customer profiles1 record

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Scale indicators8 records

Recent moves7 records

Expansion highlights6 records

Broad incumbents

• Wilmar International: Asia's leading agribusiness group with operations in oilseeds, grains, sugar, and food products. Comparable as a broad incumbent commodity trader and processor with significant emerging market exposure.
• Louis Dreyfus Company: Global merchant and processor of agricultural goods including grains, oilseeds, and other commodities. Directly comparable to Invictus in the commodity trading and origination model, with established African presence.
• Archer Daniels Midland (ADM): Global leader in human and animal nutrition and agricultural origination and processing. Overlaps with Invictus across grain trading, oilseed processing, and African agricultural value chain exposure.
• Bunge Global: Global agribusiness and food company involved in grain origination, oilseed processing, and food ingredients. Directly comparable business model to Invictus in commodity trading and value-added food production.
• Cargill: One of the largest privately-held agricultural commodity traders and food producers globally. Comparable to Invictus as a broad incumbent operating across grain trading, oilseeds, and food ingredients, with similar African expansion ambitions but vastly larger scale.

Regional players

• Al Ghurair Foods: UAE-based food company operating flour mills, grain trading, and food processing across the Middle East and Africa. Comparable to Invictus's regional grain trading and flour milling operations, especially the Merec flour milling business.
• Sunrise Group: Myanmar-based agricultural commodity trader and rice exporter with growing African presence. Comparable as an emerging regional player pursuing similar African market expansion strategies in grains.

Direct peers

• ETG (Export Trading Group): African-headquartered agricultural commodity trader and processor operating across 40+ countries. Directly comparable to Invictus as a vertically integrated African agro-commodity platform with trading, warehousing, and processing operations.
• Olam Agri: Major global agri-business focused on origination, processing, and distribution of agricultural commodities including grains and oilseeds, with deep African footprint. Closest comparable peer to Invictus given similar geographic focus, business model, and scale aspirations.

Others

• International Holding Company (IHC): UAE-based strategic investment conglomerate holding ~40% of Invictus. Not a direct peer but a related entity providing capital, governance, and ecosystem relationships that shape Invictus's strategic and financial trajectory.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat4 records

Key risks6 records

Key highlights7 records

Customer concentration

Revenue estimate

Valuation estimate

Number of profiles

Subsidiaries5 records

Funding overview

Funding rounds3 records

Investors3 records

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A2 records

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Invictus Investment