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2/25/25, 4:58 PM Abu Dhabi's Alef Education sustains strong growth in 2024, achieves revenues of $206.6 million
Abu Dhabi’s Alef Education sustains strong growth in 2024, achieves revenues of $206.6 million
The company saw a 6 percent rise in profit before tax to $133.9 million, driven by strong
contracts
Alef Education maintains its leading position, providing trusted, innovative educational solutions to governments and private
schools in the UAE and beyond.
Published: Fri 14 Feb 2025, 6:36 PM Last updated: Fri 14 Feb 2025, 6:37 PM
Abu Dhabi-based Alef Education Holding Plc has announced its financial results for the period
ending December 31, 2024, marking the third set of results since its debut on Abu Dhabi Securities
Exchange (ADX) in June 2024. The company reported a 6 percent increase in profit before tax to
AED491.7 million ($133.9 million), driven by a solid revenue foundation from long-term contracts
and a focus on achieving significant cost efficiencies throughout its operations. A key driver of the
Company’s revenues, which rose to AED759 million ($206.6 million), is the long-term investment-
grade contract with the Abu Dhabi Department of Education and Knowledge (ADEK). This contract
—extended by three years in November 2024—will now provide reliable revenue until 2033.
The strategic contract provisions for a minimum of 80,000 students with a fixed fee per student. In
addition, it allows Alef Education to charge for actual student numbers above the minimum
threshold, providing a clear path for potential increment in revenues.
Reinforcing its leading position as a trusted partner for governments and private schools in the UAE
and beyond, Alef Education’s suite of innovative bespoke education solutions continues to garner
strong demand.
Cost efficiency and profitability metrics
Alef Education’s strategic focus on cost-cutting and operational efficiency resulted in significant
savings, pushing EBITDA to AED512.2 million, a 5 percent year-on-year increase. The Company’s
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