TWO POINT ZERO GROUP - P.J.S.C Financial Results for the Period Ended March 31,2026 | premargin
TWO POINT ZERO GROUP - P.J.S.C Financial Results for the Period Ended March 31,2026
·ADX·Financial Reports | Financial Report·May 4, 2026·View on exchange
AI Summary
Two Point Zero Group PJSC (formerly Multiply Group PJSC) reported Q1 2026 revenue of AED 9.9 billion and net profit of AED 2.3 billion, representing year-on-year increases of AED 9.4 billion and AED 2.1 billion respectively.
Growth was primarily driven by the acquisition of Tendam and the consolidation of Ghitha and 2PZ, though the blended gross profit margin decreased to 30% from 48% in Q1 2025.
The Group's total assets reached AED 135.4 billion with a cash balance of AED 9.5 billion as of March 31, 2026, supported by a net operating cash flow of AED 2.6 billion during the period.
Significant subsequent events include an agreement to acquire a 100% stake in U.S.-based Traverse Midstream Partners for AED 8.27 billion and a joint venture with Adani Green Energy Limited for renewable projects in India.
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