MultiBank Group Reports Strong 2024: $361.8M Revenue - $284.9M EBITDA

MultiBank Group, a Dubai-based powerhouse in the world of financial derivatives, has posted its strongest performance to date in 2024, cementing its dominance on the global stage.

As revealed in its latest audited financial results, the Group's revenue soared to an impressive $361.87 million, marking an 18% jump from the $306.64 million it recorded in 2023. EBITDA (Earnings Before Interest, Taxes, Depreciation, and Amortization) also climbed sharply, rising by 24.5% year-over-year to hit $284.91 million, up from $228.79 million. These figures are a testament to MultiBank’s rapid international expansion, innovative tech strategies, and commitment to creating exceptional value for its global user base.

Net Income Growth Reflects Operational Strength

The Group also posted a robust 16% increase in net income, which reached $264.05 million in 2024—up from $226.84 million the previous year. This steady profit growth underscores MultiBank’s strong operational efficiency and its ability to maintain profitability in a competitive financial environment.

In his comments, Naser Taher, Founder and Chairman of MultiBank Group, said: "Our exceptional financial results are a testament to our relentless pursuit of excellence, innovation, and client trust. As we continue to expand globally, we remain committed to providing world-class financial solutions that empower traders and institutions worldwide. We look forward to building on this success in the years ahead."

Expansive Reach and Cutting-Edge Technology

With a daily trading volume exceeding $25.6 billion, MultiBank Group caters to a global network of over 2 million traders across 100 countries. It operates under licenses from 17 financial regulatory authorities worldwide. The company continues to raise the bar in online trading by offering intuitive, tech-driven platforms and innovative financial products. Its focus on affordability and performance has helped set new benchmarks in the industry.