Abu Dhabi, United Arab Emirates – Multiply Group today announced its financial results for the second quarter of 2025, recording net profits of AED 214 million, excluding changes in fair value.
The group continues to focus on integrating operations across its various business sectors, with particular emphasis on digital transformation and enhancing operational efficiency. These efforts have contributed to maintaining strong revenue momentum, which increased by 39% year-on-year to AED 503 million.
This performance was driven by growth across all segments, the full consolidation of The Grooming Company Holding’s second-quarter results, and the acquisition of Excellence Driving Center.
The results showed that the combined gross profit margin maintained a strong level of 52%, reflecting the continued profitability of the core portfolio as a whole. Net profit from the subsidiary operating segments increased by 52%, driven by a doubling of net profit in the health and beauty segment. Net profit in the mobility segment increased by 48%, due to organic and inorganic growth, in addition to a 23% growth in the media and communications segment. The group’s balance sheet remained strong, with a cash balance of AED 1.85 billion.
The group reiterated the effectiveness of its long-term strategy by building a diversified portfolio of strong assets across core operating sectors, while investing in promising assets under the Multiply arm to achieve high returns.
Within the Multiply arm, the general portfolio of financial markets closed the second quarter with a market value of AED 32 billion, compared to an initial investment of AED 15 billion. Despite the impact of market volatility on the fair value of some assets, the overall performance of the portfolio’s various assets remained strong, along with the continued promising potential of targeted investments over the long term.
