Today's Edition
A. SREENIVASA REDDY (ABU DHABI)
2PointZero Group, an ADX-listed holding company, has consolidated its business in 2025 with disciplined capital deployment and mergers and acquisitions, according to its Integrated Report submitted to the stock exchange.
The Group marked 2025 as a transformational year, completing the mega-merger of 2PointZero, Multiply Group and Ghitha Holding in November to form a next-generation investment platform focused on the Energy and Consumer sectors. The newly formed entity holds assets of approximately Dh134 billion, positioning it as a scaled and diversified investment powerhouse.
Despite only one month of consolidated operations following the mega-merger and five months of consolidation of European fashion retailer Tendam, the Group reported revenue growth of 311% year-on-year to Dh7 billion. On a pro forma basis, revenue stood at Dh25 billion. Group net profit reached Dh3.6 billion for the year, or Dh9 billion on a pro forma basis.
The year also included the completion of the sale of PAL Cooling Holding for Dh3.87 billion, generating a net gain of Dh2.7 billion on disposal. Performance included an impairment loss of Dh800 million against Kalyon Enerji. Adjusted EBITDA, excluding fair value changes and one-offs, rose to Dh3 billion (pro forma Dh7 billion), compared with Dh1.7 billion in FY2024.
Net profit from operating businesses increased 158% year-on-year, driven by consolidation of Tendam, 2PointZero and Ghitha, alongside growth across verticals.
The balance sheet remained robust, supported by a cash position of Dh9.2 billion and a debt-to-equity ratio of 0.25. The investment portfolio closed the year with a valuation of Dh64.1 billion, compared with an initial investment of Dh48 billion.
The Group operates more than 50 subsidiaries across diversified businesses and has structured its portfolio around four segments: Consumer, Energy, Investments & Asset Management, and Mining.
In Energy, ePointZero serves as a global investment platform spanning upstream mining and critical minerals, midstream manufacturing, renewable power generation and downstream infrastructure, trading and mobility solutions. During the year, the Group acquired a 40.62% stake in Enterprise Holding Company Investment (EHC), strengthening its energy platform and advancing decarbonisation and smart infrastructure initiatives.
International Resources Holding (IRH), part of the energy and mining platform, completed the acquisition of a 56% majority interest in Alphamin Resources Corp, expanding into high-grade tin assets. IRH also secured a three-year LNG supply agreement with the Egyptian General Petroleum Corporation starting January 2026 and signed a 20-year Heads of Agreement with Delfin LNG LLC and Vitol Inc. for the purchase and sale of 1 million tonnes per annum of LNG from the United States.
In the consumer sector, the Group expanded its footprint through the acquisition of a majority stake in Tendam in July, adding a leading omnichannel apparel business with 12 owned brands and more than 1,800 points of sale across over 80 markets. Post-consolidation, Tendam doubled operational EBITDA.
Ghitha Holding consolidated five UAE protein and beverage brands under Al Ain Farms Group, strengthening food security and farm-to-market integration. The Group also expanded its fresh and organic offering through the acquisition of Ripe Organic by NRTC Group.
In mobility, Emirates Driving Company (EDC) acquired a 22.5% stake in Mwasalat Holdings, with an option to increase to 50.6%, reinforcing the Group’s mobility platform. EDC announced plans in early 2026 to transition towards Emirates Mobility as an integrated mobility platform, subject to regulatory approvals.
Multiply Media Group completed the acquisition of London Lites in the UK and launched Innovation Labs in partnership with Aleria to accelerate AI-driven digital growth with priority access to NVIDIA’s AI infrastructure.
Across the Group, digital transformation and AI integration formed a central pillar of strategy. The launch of Innovation Labs established a central AI engine, embedding agentic AI capabilities across investment, portfolio management, finance, legal, communications and human capital functions.
2PointZero stated that its strategy is anchored in global megathemes — the energy and mining supercycle, the global consumer surge and AI as a force multiplier — supported by Abu Dhabi’s capital ecosystem and a defined “Enter–Build–Mature–Recycle” playbook aimed at maximising total shareholder return.
The Group said it entered 2026 well positioned for sustained growth and long-term value creation, backed by strong governance, liquidity and a diversified AI-enabled portfolio.
