Dubai, UAE — Abu Dhabi-based investment holding company 2PointZero Group reported first-half net profit of AED7.7 billion on Friday, driven by acquisitions, strategic investments and the consolidation of businesses following its formation.
Revenue for the six months ended June reached AED21.9 billion, while adjusted EBITDA stood at AED5.0 billion after excluding fair-value changes and one-off items, the company said.
Operating profit rose to AED6.5 billion, while revenue and operating earnings increased more than twenty-fold from a year earlier following the consolidation of Tendam and the group’s strategic merger.
On a pro forma like-for-like basis, revenue increased 114 percent, Chief Executive Officer Samia Bouazza said.
Bouazza said net profit included AED2.2 billion from operating businesses alongside one-off gains from investments including SpaceX, Anthropic and other investment holdings.
“Beyond the financial results, this period marked an important step in the evolution of 2PointZero,” Bouazza said.
She said the group completed the monetisation of its TAQA investment and expanded into North American energy infrastructure through the acquisition of Traverse Midstream Partners, while maintaining a cash position of AED13.7 billion to support future investments.
During the period, the company sold its entire 7.29 percent stake in TAQA to Abu Dhabi Power.
Its energy investment arm, ePointZero, also completed the $2.25 billion all-cash acquisition of Traverse Midstream Partners, marking its largest investment in energy infrastructure.
The group expanded into consumer markets by participating in the Series G funding round of wearable technology company WHOOP and acquiring a 60.8 percent controlling stake in Italy’s ISEM Packaging Group for AED704 million.
FAB Securities initiated coverage of the stock with a “buy” recommendation and a target price of AED3.30 per share during the period.
In July, the Abu Dhabi Securities Exchange added 2PointZero among six companies included in its single-stock futures market, a move the company said would improve liquidity and broaden international investor participation.
