Business

2PointZero Group (ADX: 2POINTZERO) has reported strong financial results for the first half of 2026, posting revenue of AED 21.9 billion and Group net profit of AED 7.7 billion, supported by strategic acquisitions, portfolio optimisation and continued global expansion.

The Abu Dhabi-based investment holding company also recorded adjusted EBITDA of AED 5.0 billion, while maintaining a stable gross profit margin of 29%, reflecting sustained operational performance across its diversified businesses.

Revenue and Profit Driven by Strategic Growth

The Group said revenue increased significantly during the first six months of the year, with pro forma like-for-like revenue rising 114% year-on-year.

Net profit from operating businesses surged 2,301% year-on-year, supported by the consolidation of Tendam, the formation of 2PointZero Group through its mega-merger, and new investments across multiple international markets.

Total reported net profit reached AED 7.7 billion, including AED 2.2 billion generated from operating businesses alongside one-off gains from investments, including SpaceX, Anthropic, and other portfolio assets.

The company attributed its performance to operational integration, increased adoption of artificial intelligence (AI), and ongoing cost optimisation initiatives that strengthened efficiency across its business portfolio.

Global Expansion Accelerates

During the reporting period, 2PointZero completed several major international transactions aimed at strengthening its global investment platform.

The Group finalised the sale of its 7.29% stake in TAQA to Abu Dhabi Power, enhancing its financial flexibility and creating additional capacity for future investments.

Through its subsidiary ePointZero, the company also completed the US$2.25 billion acquisition of Traverse Midstream Partners in North America, marking the largest energy infrastructure investment undertaken by the subsidiary to date.

The Group expanded further into international markets through the acquisition of Baobab Group in Africa and a 60.8% controlling stake in Italy's ISEM Packaging Group for AED 704 million, strengthening its presence in financial services and European packaging markets.

In addition, International Resources Holding (IRH) entered into a 50:50 joint venture with Adani Enterprises to develop an US$11.5 billion aluminium project in India, reinforcing its long-term strategy across industrial infrastructure and global supply chains.

AI Adoption Strengthens Operations

The company said AI continues to play an increasingly important role in its operations, with nearly 10% of its workforce now consisting of AI co-workers integrated across various business functions.

According to the Group, AI is being used to improve productivity, accelerate decision-making, optimise operational performance and support long-term business growth.

Strong Financial Position

2PointZero ended the first half of 2026 with a cash position of AED 13.7 billion and a debt-to-equity ratio of 0.32, providing financial flexibility to pursue future investments while managing market risks.

The company said its strong balance sheet positions it to continue investing through different economic cycles while supporting sustainable long-term growth.

Recognition for Growth

Reflecting its expansion strategy and financial performance, TIME ranked 2PointZero Group 36th on its inaugural World's Growth Leaders 2026 list.

The ranking recognised the company's market stability, operational scale, disciplined capital allocation and long-term growth strategy.

Separately, FAB Securities initiated analyst coverage of the company with a "Buy" rating and a target price of AED 3.30 per share, citing the Group's diversified portfolio, AI-enabled operating model, disciplined investment approach and strong financial performance.

Leadership Comments

Samia Bouazza, Chief Executive Officer of 2PointZero Group, said the first-half results demonstrate the strength of the investment platform the company has built over recent years.

She noted that alongside strong financial performance, the Group continued to expand internationally through strategic acquisitions and disciplined capital allocation, while maintaining a strong cash position to support future growth opportunities.

Bouazza added that the increasing integration of AI across the organisation, together with continued operational discipline and a resilient balance sheet, positions the company to create sustainable long-term value for shareholders.

The first-half results underline 2PointZero Group's strategy of combining global acquisitions, technology-driven operational improvements and disciplined investment management to strengthen its international footprint and support continued long-term growth.

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