Multiply Group Achieves AED 1.95 Billion Net Profit In Q3 2025 Amid Strategic Growth

Multiply Group, based in Abu Dhabi, reported a significant rise in adjusted EBITDA to AED597 million for Q3 2025, up from AED382 million in the same period of 2024. The company achieved a net profit of AED1.95 billion, despite facing AED203 million in unrealised revaluation losses due to market changes and unique transactions.

The Group completed the sale of PAL Cooling, resulting in a net gain of AED2.7 billion. However, it also recorded an impairment loss of AED0.8 billion related to Kalyon Enerji. During the quarter, Emirates Driving Company, a subsidiary of Multiply, acquired a 22.5 percent stake in Mwasalat Holding to expand its mobility sector presence.

Multiply's revenue surged by 191 percent year-on-year to AED1.22 billion, driven by organic growth and Tendam's consolidation. The gross profit margin remained robust at 58 percent. Adjusted EBITDA from portfolio companies increased by 124 percent during this period.

The Multiply+ portfolio ended the quarter valued at AED31.5 billion, rising from an initial investment of AED14.7 billion. This growth was supported by strong fundamentals despite market volatility. The Board approved acquiring 2PointZero and Ghitha Holding through a share swap transaction.

This acquisition will create a diversified investment group worth AED120 billion across various sectors like energy, food, logistics, packaging, mining, apparel, media, mobility, and beauty with operations spanning 85 countries.

Financial Strength and Future Plans

Multiply Group maintains a solid balance sheet with cash reserves totalling AED2.5 billion. The Group continues to focus on its long-term growth strategy through core verticals while enhancing digital transformation and operational efficiency.

The company aims to strengthen its role as a key driver of sustainable investment and innovation from Abu Dhabi. Multiply also announced acquiring a 60.8 percent stake in European packaging firm ISEM and completed its AED5.6 billion acquisition of Tendam.

With inputs from WAM