Abu Dhabi, UAE —Â 2PointZero Group reported a sharp rise in first-quarter profit, driven by consolidation following recent mergers and acquisitions.
The company posted net profit of $626 million (AED2.3 billion) for the quarter, while revenue surged to $2.7 billion (AED9.9 billion), reflecting the integration of Ghitha Holding and other assets.
Adjusted earnings before interest, tax, depreciation and amortization rose to $681 million, up from $136 million a year earlier, supported by growth across multiple sectors.
Net profit included $299 million in unrealized gains linked to investment revaluations and market movements.
The group said it maintained a strong balance sheet, with cash reserves of $2.6 billion and a low debt-to-equity ratio of 0.31, as it continues to expand its diversified portfolio.
During the quarter, the company acquired a 60.8% stake in ISEM Packaging Group for $192 million, adding packaging as a new consumer vertical. It also invested in U.S.-based wearable technology firm WHOOP and agreed, through its subsidiary, to acquire Traverse Midstream Partners for $2.25 billion.
Chief Executive Samia Bouazza said the results reflect a strategy focused on delivering consistent performance across economic cycles rather than short-term gains.
