Below are the financial statements of Multiply Group, including the income statement and balance sheet for the company's latest fiscal year. All figures are accurate, verifiable, and fully traceable to the original annual filing where disclosed.
| All figures in millions of AED | 2024 as of 2024-12-31 | 2023 as of 2023-12-31 |
|---|---|---|
| Assets | — | — |
| Non-current assets | — | — |
| Property, plant and equipment | 1,698.95a | 1,456.96a |
| Investment property | 0a | 121.41a |
| Intangible assets and goodwill | 1,814.71a | 800.31a |
| Right-of-use assets | 715.83a | 128.93a |
| Investment in a joint venture | 2,397.42a | 2,065.27a |
| Non-current receivables | 885.78a | 1,236.52a |
| Loan to related parties | 0a | 616.51a |
| Investments carried at fair value through profit or loss | 11,508.2a | 17,213.12a |
| Deferred tax assets | 4.86a | 3.84a |
| Investments carried at fair value through other comprehensive income | 416.25a | 446.99a |
| Current assets | — | — |
| Inventories | 44.23a | 32.73a |
| Investments carried at fair value through profit or loss | 20,494.44a | 15,763.59a |
| Trade and other receivables | 860.23a | 664.86a |
| Due from related parties | 20.77a | 54.2a |
| Cash and bank balances | 2,032.59a | 1,557.28a |
| Asset held for sale | 117.13a | 0a |
| Total assets | 43,011.38a | 42,162.49a |
| Equity | — | — |
| Share capital | 2,800a | 2,800a |
| Share premium | 6,703.61a | 6,703.61a |
| Statutory reserve | 1,400a | 1,400a |
| Hedging reserve | -1.48a | -1.37a |
| Cumulative changes on revaluation of investments | 19.5a | 12.88a |
| Merger, acquisition and other reserves | 378.68a | 383.55a |
| Retained earnings | 17,604.85a | 17,610.17a |
| Equity attributable to owners of the company | 28,905.16a | 28,908.83a |
| Non-controlling interests | 1,520.15a | 1,277.75a |
| Total equity | 30,425.31a | 30,186.58a |
| Non-current liabilities | — | — |
| Employees’ end of service benefit | 73.47a | 53.22a |
| Borrowings | 5,052.41a | 8,209a |
| Deferred tax liabilities | 85.87a | 46.75a |
| Loan from related parties | 10.83a | 20.5a |
| Lease liabilities | 607.08a | 99.38a |
| Other payables | 813.15a | 1,149.96a |
| Current liabilities | — | — |
| Loan from related parties | 27.59a | 17.97a |
| Borrowings | 4,627.45a | 1,381.14a |
| Lease liabilities | 179.68a | 34.86a |
| Due to related parties | 87.67a | 145.8a |
| Trade and other payables | 1,020.88a | 817.35a |
| Total liabilities | 12,586.07a | 11,975.92a |
| Total equity and liabilities | 43,011.38a | 42,162.49a |
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