Operating businesses contributed Dh2.2 billion to the results, while the group’s cash position reached Dh13.7 billion.
Abu Dhabi: 2PointZero Group reported a net profit of Dh7.7 billion for the first half of 2026, driven by Dh2.2 billion in contributions from its operating businesses and one-off gains from its investment portfolio, including holdings linked to SpaceX and Anthropic.
The Abu Dhabi-listed investment holding company recorded revenue of Dh21.9 billion during the period, marking a 114% increase on a pro forma, like-for-like basis.
Adjusted earnings before interest, taxes, depreciation and amortisation (EBITDA) stood at Dh5 billion after excluding fair value adjustments and one-off items, while the group maintained a blended gross profit margin of 29%.
Net profit from the group’s businesses rose 2,301% year on year, driven by the consolidation of Tendam, the formation of 2PointZero Group through a merger, and contributions from investments in African financial services and European packaging.
Samia Bouazza, CEO of 2PointZero, said the first half of 2026 reflected the strength of the platform built over several years. She highlighted the group’s Dh21.9 billion in revenue, representing a 114% increase on a pro forma, like-for-like basis, and its Dh7.7 billion net profit, including Dh2.2 billion from operating businesses alongside one-off gains from its investment portfolio, including SpaceX, Anthropic and other investments.
She added that the group remains focused on enhancing the quality of its portfolio and strengthening the resilience of its balance sheet.
Cash position reaches Dh13.7 billion
The group ended the first half of 2026 with a cash position of Dh13.7 billion and a debt-to-equity ratio of 0.32, giving it greater flexibility to pursue acquisitions and investments across its core sectors.
Operational integration, the expanded use of artificial intelligence tools and cost optimisation initiatives also supported the group’s performance during the period.
“Supported by a strong group cash position of Dh13.7 billion, we remain well positioned to invest through market cycles. In today’s environment, holding cash is a strategic advantage,” Bouazza said.
Nearly 10% of the group’s workforce now comprises AI co-workers integrated across its operations, helping enhance productivity, improve decision-making and support overall business performance, according to the company.
TAQA stake sale strengthens balance sheet
In June, 2PointZero completed the sale of its full 7.29% stake in Abu Dhabi National Energy Company, known as TAQA, to Abu Dhabi Power.
The divestment further strengthened the group’s balance sheet and provided greater flexibility to pursue investments across its key business areas.
“Beyond the financial results, this period marked a significant milestone in the evolution of 2PointZero. We successfully monetised our TAQA investment, demonstrating our ability to divest selected assets at the right time,” Bouazza said.
The group also expanded its North American energy infrastructure footprint through its subsidiary ePointZero’s $2.25 billion all-cash acquisition of Traverse Midstream Partners.
The acquisition marked ePointZero’s largest energy infrastructure investment to date, giving the company full ownership of its North American business operations.
Expansion across packaging and financial services
2PointZero completed the acquisition of a 60.8% controlling stake in Italy’s ISEM Packaging Group for Dh704 million, creating its sixth dedicated consumer vertical and strengthening its presence in the European packaging market.
The group also expanded its African financial services portfolio with the addition of Baobab Group and participated in WHOOP’s Series G funding round, further extending its investments in the global wellness sector.
International Resources Holding, a subsidiary of the group, entered into an agreement with Adani Enterprises to establish a 50-50 joint venture for an $11.5 billion aluminium project in India.
Under the partnership, both companies will hold equal ownership in the project, which aims to integrate investment, infrastructure and trade operations.
