Alpha Dhabi posts AED 9.8 billion first-half profit, up 48%
Key Facts
Alpha Dhabi Holding said on August 3, 2026, that its net profit reached AED 9.8 billion in the first half, up 48% from the same period a year earlier, in a performance the company said reflected the strength of its investment portfolio and the impact of its investments in artificial intelligence. Revenue reached AED 37.6 billion, up 5% year on year, while adjusted earnings before interest, taxes, depreciation and amortization rose to AED 9.3 billion, an increase of 7%. The results provide a picture of the group’s performance in the first six months and do not substantiate figures circulated in an earlier draft for the nine-month period. According to the information available, the official results page did not show a release of results for the nine months of 2026. Those period figures therefore remain unconfirmed here.
At the financial level, assets stood at AED 230 billion in the first half of 2026, compared with AED 214 billion on December 31, 2025. Equity rose to AED 110 billion from AED 104 billion at the end of last year. The comparison reflects an increase in assets and equity between the two dates cited by the company, alongside revenue and profit growth in the first half. The reported results did not provide a breakdown linking the change in assets to contributions from specific sectors. These figures also relate to the end of the first half and do not confirm the AED value of assets on September 30, 2026, cited in the earlier draft.
Alpha Dhabi said fair-value gains from investments reached AED 3.7 billion in the first half, attributing them to investments in groups operating in artificial intelligence and technology, including SpaceX, Cerebras and Anthropic. The CEO said the period’s results “reflect the structural strength of our portfolio and the impact of our investments in artificial intelligence and some of the world’s most transformative companies, such as SpaceX.” The company places these gains in the context of portfolio diversification and investments in private technology companies. However, the available information does not break down each investment’s individual contribution to net profit of AED 9.8 billion.
Along these lines, the company said its participation in the Alpha Wave Ventures II fund gave it exposure to private technology companies such as SpaceX, Cerebras and Anthropic, and that the value of its investment in the fund stood at AED 14.3 billion at the end of the first half. It added that its commitment to future growth rests on this participation. In a separate comment on performance, the chairman said the first-half results reflect “our disciplined approach to investment and the sustainable stability of the UAE’s economic landscape.” The CEO, in turn, attributed the results to the strength of the portfolio and the impact of technology investments; both are management’s descriptions of the period’s performance.
In the latest announced development in its investment strategy, Alpha Dhabi said on October 26, 2026, that it intends to invest $1 billion in Alpha Wave III. The announcement follows the company’s reported investment value of AED 14.3 billion in Alpha Wave Ventures II at the end of the first half and fair-value gains of AED 3.7 billion from its investments over the same period. The announcement specifies the investment amount and date, but the available information contains no further details on the timing of the funding or its financial impact. The nine-month figures, including net profit, revenue, assets and the sectoral revenue breakdown cited in the earlier draft, could not be verified from an open company disclosure or official source.