Abu Dhabi-based investment holding company 2PointZero Group reported a group net profit of approximately $2.10 billion (AED 7.7 billion) for the first half of 2026, as the enlarged business continued integrating assets across energy, consumer industries and financial investments.
Revenue reached approximately $5.96 billion (AED 21.9 billion) during the six months. Adjusted earnings before interest, taxes, depreciation and amortization, excluding fair-value movements and one-time items, stood at about $1.36 billion (AED 5 billion).
The results provide an early view of the scale of 2PointZero following the combination of businesses assembled through the restructuring and expansion of the former Multiply Group. The Abu Dhabi Securities Exchange-listed company now oversees a portfolio spanning energy infrastructure, mining, food production, retail, media, mobility, beauty, wellness and financial services.
Earnings Reflect a Larger Operating Base
“The first half of 2026 demonstrates the strength of the platform we have been building over several years,” Chief Executive Officer Samia Bouazza said in the announcement.
Bouazza said the group’s development had involved assembling businesses across different industries, integrating their operations and applying a common approach to capital allocation. While the statement presented the results as evidence of progress across the portfolio, the company’s earnings remain influenced by both operating performance and changes in the value of its investments.
First-quarter results published by 2PointZero in May showed revenue of approximately $2.70 billion (AED 9.9 billion), adjusted EBITDA of about $681 million (AED 2.5 billion) and group net profit of roughly $626 million (AED 2.3 billion).
Comparing the quarterly and half-year figures indicates that 2PointZero generated about $3.27 billion (AED 12 billion) in revenue during the second quarter.
Energy Investments Extend Beyond the UAE
Energy has become one of the group’s principal areas of expansion. Through its energy arm, ePointZero, the company owns or invests in businesses connected to natural resources, renewable generation, manufacturing, utilities and energy infrastructure.
A major development during the period was ePointZero’s acquisition of U.S.-based Traverse Midstream Partners for $2.25 billion. Completed in July, the transaction gave the group exposure to American natural gas infrastructure, including interests connected to the Rover Pipeline and Ohio River System.
The acquisition marked a geographic shift for 2PointZero by adding established North American midstream assets to a portfolio that already includes mining, power and infrastructure interests. Midstream companies typically transport, process or store energy resources rather than extracting them or selling them directly to consumers, which can create a different revenue profile from commodity production.
International Resources Holding, another part of the energy portfolio, operates across the mining value chain and has interests in metals and minerals. The wider energy business also includes holdings connected to renewable generation, electrical equipment and infrastructure.
Consumer Holdings Broaden Revenue Sources
The consumer side of the portfolio includes food, fashion, media, mobility, packaging, beauty and wellness businesses. These operations give 2PointZero exposure to everyday consumer spending alongside its larger energy and investment holdings.
Among the group’s major consumer assets is Tendam, which operates brands including Springfield and Cortefiel. Ghitha Holding provides exposure to agriculture, dairy, poultry, food processing, commodities and distribution, while Emirates Driving Company offers driver training and related mobility services.
The group also entered packaging through the acquisition of a 60.8% interest in Italy-based ISEM Packaging Group for approximately $192 million (AED 704 million). ISEM produces packaging for industries including cosmetics, luxury products and nutraceuticals, adding another business line to 2PointZero’s consumer portfolio.
Media operations are housed within Multiply Media Group, while Omorfia Group operates beauty and wellness brands. The spread of businesses may reduce reliance on any single industry, but it also makes the group’s financial statements more complex because performance can be affected by consolidation, acquisitions, disposals and investment revaluations across numerous subsidiaries.
Portfolio Changes Continue After the Merger
The company has continued buying and selling assets as it reshapes the portfolio. In June, 2PointZero sold its investment in Abu Dhabi National Energy Company, known as TAQA, to L’IMAD Holding.
The company’s website identifies approximately $36.76 billion (AED 135 billion) in total assets, more than 50 subsidiaries and over 40,000 employees. It operates across more than 85 countries.
2PointZero is listed on the Abu Dhabi Securities Exchange under the ticker 2POINTZERO. The group’s full half-year financial statements and management discussion will provide further detail on revenue contributions, cash flow, investment gains and the performance of individual business segments.
