Two-dimensional 2D ferromagnetic materials featuring intrinsic half-metallicity (HM) and high critical temperature Tc emerge as promising candidates for innovative low-dimensional spintronic devices. In this study, we employ first-principles calculations to predict a novel 2D half-metallic ferromagnet CoAl2S4 monolayer, a member of the layered AB2X4 family. The material’s energetic, mechanical, and dynamical stability is affirmed through analyses of its cohesive energy, elastic constants, and phonon spectrum, respectively. The ferromagnetic behavior observed in CoAl2S4 can be explained by the superexchange interaction of Co-S-Co bonds, consistent with the Goodenough–Kanamori rules. Notably, CoAl2S4 displays robust ferromagnetism with a Curie temperature reaching up to 435 K. The band structures show a large half-metal gap (2.83eV), ensuring the stability of the half-metallic state. Additionally, the CoAl2S4 monolayer demonstrates a preferential easy magnetization along the out-of-plane direction. Consequently, the rich CoAl2S4 monolayer is expected to boost advancements in spintronics, magnetostrictive materials, and magnetic memory devices.