Abu Dhabi Securities Exchange-listed 2PointZero Group reported revenue of AED 33.7 billion and group net profit of AED 9.5 billion for the first nine months of 2026. Revenue increased 106% year-on-year on a pro forma basis, while reported net profit grew 33%, reflecting the group’s expanded portfolio following its merger and the integration of Tendam. Net profit included AED 5.8 billion in net fair value gains from investments.
Gross profit reached AED 9.3 billion, representing a margin of 28%, while adjusted EBITDA stood at AED 7.5 billion, excluding fair value changes and one-off items. Investment and other income contributed AED 3 billion, while selling, general and administrative expenses amounted to AED 5.4 billion. The group also recorded a one-off AED 600 million impairment and revaluation loss on digital assets.
Total assets reached AED 155 billion as of September 30, 2026, supported by cash and bank balances of AED 15.7 billion. Net cash generated from operating activities amounted to AED 8.5 billion, while the net debt-to-equity ratio stood at 0.21 times. On a last-twelve-month pro forma basis, return on assets reached 7.3%, while return on equity stood at 11.7%.
The group’s subsidiaries generated AED 33.7 billion in revenue, representing 106% pro forma year-on-year growth, while profit from subsidiaries increased 95% to AED 9.4 billion. Mining accounted for 55% of subsidiary revenue, followed by consumer businesses at 34% and investments at 11%. Investments contributed 68% of subsidiary profit, while mining accounted for 14%, energy 11% and consumer businesses 8%, based on the group’s reported segment breakdown.
During the third quarter, 2PointZero expanded its international energy portfolio through subsidiary ePointZero, agreeing to acquire a 90% stake in Azura Power Holding, which operates more than 750 MW of power generation capacity across Africa. In July, ePointZero completed the USD 2.25 billion acquisition of Traverse Midstream Partners, securing interests in major US natural gas infrastructure, including the Rover Pipeline and Ohio River System.
The group also completed the sale of its 7.29% stake in Abu Dhabi National Energy Company (TAQA) during June 2026, strengthening its financial flexibility for future investments. In mining, International Resources Holding signed a memorandum of understanding with Adani Enterprises and the Government of Odisha for a proposed USD 11.5 billion aluminium project in India, alongside a separate strategic agreement to assess mineral opportunities in Azerbaijan.
Across its consumer businesses, Tendam reported first-half revenue of EUR 744.9 million, up 10.7%, while EBITDA increased 12.2% to EUR 190.2 million. Ghitha Holding generated AED 5.1 billion in nine-month revenue, representing 27% growth, while Emirates Mobility reported AED 538 million in revenue and AED 211 million in net profit. The group also expanded its media operations into Saudi Arabia through BackLite KSA.
Chief Executive Officer Samia Bouazza highlighted the group’s focus on expanding recurring operating earnings while maintaining financial flexibility. During the period, 2PointZero introduced more than 30 internal AI workflows, expected to save over 4,000 employee hours annually. The company’s shares were also added to ADX’s single-stock futures offering, while new analyst coverage expanded its visibility among international investors.
Disclaimer: This article is for informational purposes only and should not be construed as investment, financial, or legal advice.
