ABU DHABI, United Arab Emirates--(BUSINESS WIRE)--Jul 31, 2026--
2PointZero Group (ADX: 2POINTZERO), a leading Abu Dhabi-based investment holding firm, announced its financial results for the first half of 2026, reporting revenue of AED 21.9 billion and delivering a Group Net Profit of AED 7.7 billion. This robust performance is reflected in the Group’s adjusted EBITDA, which reached AED 5.0 billion after excluding fair value changes and one-offs.
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Net profit from the Group’s businesses increased by 2,301% year-on-year (YoY), driven by the consolidation of Tendam and the mega-merger to form 2PointZero Group, and growth was also supported by new investments in African financial services, entry into the European packaging markets, and steady operational progress across all verticals, bringing the total reported net profit to AED 7.7 billion.
Through continued operational integration, the adoption of more AI tools and ongoing cost optimization, the Group strengthened its operational performance. This helped Group revenue rise to AED 21.9 billion, while the blended gross profit margin remained stable at 29% to sustain long-term profitability across the core portfolio.
Samia Bouazza, CEO of 2PointZero said: “The first half of 2026 demonstrates the strength of the platform we have been building over several years. We delivered revenue of AED 21.9 billion, representing a 114% increase on a pro forma like-for-like basis, and Group Net Profit of AED 7.7 billion, comprising AED 2.2 billion from our operating businesses alongside one-off gains from our investment portfolio, including SpaceX, Anthropic, and other investment gains, while continuing to strengthen the quality of our portfolio and the resilience of our balance sheet.
“Beyond the financial results, this period marked an important step in the evolution of 2PointZero. We completed the successful monetization of our TAQA investment, demonstrating our ability to divest some assets at the right time, expanded into North American energy infrastructure through the acquisition of Traverse Midstream Partners, representing ePointZero's largest investment in energy infrastructure to date. Each transaction reflects our disciplined approach to capital allocation and our commitment to building globally relevant businesses geared towards solving global bottlenecks.
“Our recognition by TIME as one of the World’s Growth Leaders reflects not only our pace of growth, but also the stability, operational discipline, and long-term mindset that define our organisation.
“Supported by a strong group cash position of AED 13.7 billion, we remain well positioned to invest through market cycles. In today's environment, sitting on cash is a strategic advantage.
“As we enter the second half of the year, we continue to strengthen the platform for long-term growth. Nearly 10% of our workforce consists of AI co-workers, embedded across the Group to improve productivity, accelerate decision-making, and strengthen operational performance. Together with our disciplined capital allocation and strong financial position, this gives us confidence in our ability to create long-term shareholder value.”
The Group’s financial foundation remains firm, supported by a group cash position of AED 13.7 billion and a debt-to-equity ratio of 0.32. This strong capital structure provides the flexibility to manage risks, allocate resources efficiently, and fund high-return investment opportunities globally as 2PointZero’s long-term strategy continues to deliver results across core verticals.
Group Highlights
In June 2026, 2PointZero Group completed the sale of its full 7.29% stake in TAQA to Abu Dhabi Power, further strengthening its financial position and enhancing flexibility to pursue attractive opportunities across various core sectors.
More recently, 2PointZero expanded its energy infrastructure footprint through its subsidiary ePointZero, which successfully completed the acquisition of a 100% stake in Traverse Midstream Partners for USD 2.25 billion in an all-cash transaction.
Furthering its tactical reach into high-potential consumer segments, 2PointZero participated in the Series G funding round for WHOOP, a pioneer in the global health, introducing a category-defining asset to the Group’s Wellness portfolio.
In a decisive move to launch its sixth dedicated consumer vertical, The Group finalised the acquisition of a 60.8% controlling interest in Italy’s ISEM Packaging Group for AED 704 million, strengthening 2PointZero’s exposure to high-growth end markets.
International Resources Holding (IRH) and Adani Enterprises have agreed to form a 50:50 joint venture to develop an US$11.5 billion aluminium project in India. This move reinforces IRH’s strategy of connecting capital, infrastructure, and trade to create long-term value.
In another key development, FAB Securities initiated coverage on 2PointZero Group with a BUY rating and a target price of AED 3.30 per share, highlighting the Group’s diversified exposure, AI-enabled operating model, disciplined capital allocation and strong financial performance.
Recognising its strong financial performance, 2PointZero was ranked 36th on TIME’s inaugural list of World’s Growth Leaders for 2026, highlighting its robust business growth, exceptional market performance, and long-term financial stability.
In July 2026, the Abu Dhabi Securities Exchange expanded its derivatives market by listing 2PointZero Group as one of six new single-stock futures, broadening international investor participation, and raising the company’s profile on global trading platforms.
*Source:AETOSWire
Samia Bouazza, CEO of 2PointZero (Photo: AETOSWire)
CAIRO (AP) — Hamas said Friday that it reached an agreement to disarm, a significant move that could help end the war in Gaza — but one that will face many hurdles and could take a long time to achieve, if at all.
The group agreed to a road map as long as Israel also makes concessions, including ending hostilities and withdrawing its troops from the Palestinian territory, a Hamas official and a regional official told The Associated Press. Senior Hamas official Bassem Naim confirmed in a post on X that the group agreed to the deal.
Israel has not commented on the deal, which U.S. President Donald Trump announced hours earlier. It comes nine months after a U.S.-brokered ceasefire to end the fighting between Israel and the group was signed.
That 20-point ceasefire plan calls on the militant group to surrender its weapons and destroy its vast network of tunnels. It also envisions Israeli forces withdrawing from Gaza, the arrival of a new technocratic Palestinian government, the deployment of a security force known as the International Stabilization Force and the rebuilding of the battered Palestinian enclave.
But negotiations between Israel and Hamas over the implementation of the next phase of the ceasefire deal had largely deadlocked — and disarmament was a major sticking point.
Disarming would represent a sea change for Hamas, whose founding charter calls for armed resistance against Israel, and which sees its arsenal, including rockets, anti-tank missiles and explosives, as lying at the heart of its identity.
“The agreement will be carried out in carefully structured phases,” Trump said on social media. “As disarmament is completed, Israeli forces will withdraw, and the International Stabilization Force will work with a new Palestinian police force to take responsibility for Gaza being safe for its residents and its neighbors.”
A copy of the agreement obtained and verified by The Associated Press said that all police weapons will be transferred to the U.S.-backed Palestinian technocratic committee, known as the National Committee for the Administration of Gaza, upon its arrival in the enclave. It’s not clear when that would happen since it is contingent on other steps.
A process to decommission and store heavy weapons, military production sites and tunnels will begin after the arrival of the Palestinian committee and the deployment of the ISF. The process will be linked to an Israeli withdrawal, in phases, from the areas under its control in Gaza, according to the agreement.
In a statement Thursday, an Israeli official said that there will be no Israeli withdrawal from the areas it holds in Gaza — which account for about 60% of the territory — before the militant group is disarmed and the strip demilitarized. The statement was made on condition of anonymity in line with government protocol.
A person with knowledge of the situation said that Israel is fully involved, but it's not a signatory to the deal, which is between Hamas and several countries helping to negotiate and guarantee the ceasefire. The person spoke on condition of anonymity in order to discuss the agreement. The deal's guarantors are the U.S., Turkey, Egypt and Qatar.
On Thursday, U.S. and Board of Peace officials, describing the deal to reporters on condition of anonymity under guidelines set by the White House, gave an extremely optimistic assessment of the agreement that laid out a scenario very similar to the one outlined by Trump and his top aides when the Board of Peace was first formed. The board, which was established by Trump, oversees the ceasefire in Gaza.
While Gaza's police force is expected to hand over its arms, that doesn't include the vast majority of Hamas militants, and heavy weaponry is not included in that part of the agreement, according to the officials.
Instead, the surrender of heavy weapons and the decommissioning of Hamas tunnels and other infrastructure are to come later in a process that could take between 200 and 350 days, a Board of Peace official said. That timeline did not appear in the agreement obtained by AP.
The Hamas official and the regional official involved in the process said that Hamas and other groups agreed to “collect and store” arms inside Gaza under the supervision of the Palestinian technocratic committee and that weapons won’t be handed to Israel or non-Palestinian parties. The officials, who spoke on condition of anonymity because they were not authorized to brief the media, said this would be a gradual process linked to an Israeli withdrawal.
A U.S. official said Israel, which has been deeply skeptical about Hamas’ willingness to give up its guns or relinquish control of Gaza, had been consulted at every step of the negotiation.
However, the official said Israel was not being asked to do anything more than what it had initially committed to when it agreed to Trump’s 20-point plan, which essentially involves withdrawing its forces from Gaza and committing to ending airstrikes on the territory.
A member of the Palestinian technocratic committee told the AP on Friday that it was eager to enter Gaza but was concerned Israel will pose challenges for them. The person spoke on condition of anonymity because they were not allowed to speak to the media. The person said they didn’t expect to enter Gaza for at least two months.
The committee welcomed the progress Friday, but said the work to restore public institutions and services and rebuild the territory would be immense.
The war in Gaza began after a Hamas-led attack on southern Israel on Oct. 7, 2023, killed around 1,200 people and saw 251 taken hostage. Israel’s retaliatory offensive in Gaza has killed more than 73,000 Palestinians, including those killed since the ceasefire, Gaza’s Health Ministry said. The ministry, which is part of the Hamas-led government and is staffed by medical professionals, does not distinguish between civilians and militants in its toll but says women and children make up around half of all deaths.
With Israel in control of much of Gaza, Palestinians are confined to squalid tent camps and heavily damaged urban neighborhoods.
Mednick reported from Tel Aviv, Israel, Cooper from Phoenix, and Lee from Washington. Associated Press writers Farnoush Amiri in New York and Edith M. Lederer at the United Nations contributed.
FILE - President Donald Trump arrives on Air Force One at Hagerstown Regional Airport, in Hagerstown, Md., en route to Camp David, Md., June 8, 2025. (AP Photo/Manuel Balce Ceneta, File)
A Palestinian man rides his bicycle by the rubble of buildings that were destroyed during the Israel Hamas war, in Khan Younis, southern Gaza Strip, Friday, July 31, 2026. (AP Photo/Abdel Kareem Hana)
