2PointZero Group reports nine-month net profit of Dh8.59bn
Abu Dhabi investment company recorded revenue of Dh33.7 billion in the January-September period.
2PointZero Group reported nine-month net profit attributable to owners of Dh8.59 billion for the January-September 2026 period, compared with Dh2.64 billion in the same period of 2025, according to a statement filed with the Abu Dhabi Securities Exchange on 30 October. Revenue for the nine months reached Dh33.7 billion. The company recorded a net fair value gain of Dh5.8 billion during the period.
Third quarter results and balance sheet position#
Third-quarter net profit was Dh1.5 billion, down from the year-earlier quarter which included a one-off gain of Dh2.7 billion from the disposal of a subsidiary. Third-quarter revenue was Dh11.8 billion. The company reported consolidated group cash and bank balances of Dh15.7 billion and total assets of Dh155 billion as at 30 September 2026, according to the filing.
Azura Power and Traverse Midstream acquisitions#
EPointZero, a wholly owned subsidiary, acquired 90 per cent of Azura Power Holding in August 2026. Azura Power Holding operates as an independent power producer across Africa. The same subsidiary completed its purchase of Traverse Midstream Partners in July 2026 for $2.25 billion. Traverse Midstream Partners was held by The Energy & Minerals Group. The transaction delivered to ePointZero a 35 per cent interest in the Rover Pipeline and 25 per cent of the Ohio River System, with Energy Transfer operating both assets.
Taqa stake disposal and IRH project agreement#
The company sold its 7.29 per cent holding in Taqa in June 2026. The buyer was Abu Dhabi Power, which L'imad owns in full. International Resources Holding, the group's mining and trading subsidiary, signed an agreement with Adani Enterprises in July 2026. The agreement with Odisha state government covers an integrated greenfield aluminium project with a disclosed value of $11.5 billion.
Company structure#
The group was formed in November 2025 when Multiply Group, Ghitha and 2PointZero merged. The combined entity focuses on energy and consumer sectors.
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- thenationalnews.comThe NationalNine-month net profit of Dh8.59 billion, revenue of Dh33.7 billion, third-quarter profit of Dh1.5 billion, cash and bank balances of Dh15.7 billion, total assets of Dh155 billion, acquisition details for Azura Power and Traverse Midstream, Taqa stake sale, IRH project agreement value
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