Abu Dhabi - Mubasher: Multiply Group achieved net profits after tax valued at AED 2.69 billion in the first nine months (9M) of 2025, backed by the sale of PAL Cooling that was completed earlier in October.

Revenues amounted to AED 2.24 billion in 9M-25, an annual leap from AED 1.11 billion, according to the financial results.

Basic and diluted earnings per share (EPS) stood at AED 0.24 at the end of September 2025.

The Multiply+ portfolio closed the quarter with a valuation of AED 31.50 billion, compared to an initial investment of AED 14.70 billion.

Despite market fluctuations affecting the fair value of some assets, performance across the portfolio remains strong, underpinned by solid fundamentals and long-term potential.

Financials for Q3-25

In the third quarter (Q3) of 2025, the net profits hit AED 1.94 billion, versus AED 744.15 million in Q3-24.

The revenues climbed to AED 1.22 billion in Q3-25 from AED 419.43 million a year earlier, while the basic and diluted EPS hiked to AED 0.18 from AED 0.06.

Samia Bouazza, CEO and Managing Director of Multiply Group, said: “This quarter’s revenue growth of 191% reflects strong performance, globally, across all verticals, underpinned by both the Tendam acquisition, continued organic growth in our operating businesses, and AI deployment.”

“This translated into a 56% increase in Adjusted EBITDA, while reported net income rose 162% year-on-year to AED 1.95 billion, driven by a gain on the disposal of PAL Cooling of AED 2.70 billion, partially offset by a loss on Kalyon Enerji of AED 0.8 billion,” she added.

The CEO noted: “The proposed acquisition of 2PointZero and Ghitha Holding marks a transformational step for the group as we sharpen our focus on 2 core sectors: Energy and Consumer, while we maintain our commitment to increase shareholder value.”

“In parallel, the transformation of EDC into a fully integrated mobility player has advanced significantly with the closing of the Mwasalat deal, while we have also entered the packaging sector through the signing of an agreement to acquire a majority stake in Italy-based ISEM Packaging Group,” Bouazza indicated.