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 | 2023 |
|---|---|---|
| Revenue | 2,021.57a | 1,293.88a |
| Cost of revenue | -1,075.3a | -630.49a |
| Gross profit | 946.26a | 663.4a |
| Investment and other income | 1,037.58a | 968.92a |
| Unrealised fair value loss on investment in financial assets | -846.86a | -561.59a |
| Share of profit from investment in a joint venture | 55.82a | 228.56a |
| General and administrative expenses | -419.19a | -302.77a |
| Loss on disposal of a subsidiary | -30.63a | 0a |
| Finance costs | -502.43a | -415.64a |
| Profit for the year before tax | 240.56a | 580.88a |
| Income tax expense | -51.52a | -28.89a |
| Profit after tax | 189.03a | 551.99a |
| Attributable to | — | — |
| Owners of the company | -5.6a | 337.8a |
| Non-controlling interests | 194.63a | 214.19a |
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