Page 42 - ALEF EDUCATION PR REPORT MARCH 2025

4/2/25, 9:42 AM Alef Education Approves AED 402.8 Million Dividend for 2024 Following Strong Financial Results

Education

Mar 29, 2025 202 20

Alef Education Approves AED 402.8 Million Dividend For 2024

Following Strong Financial Results

Alef Education Holding Plc (‘Alef Education’), a leading AI-driven learning solutions provider, has announced the approval of a final cash
dividend of AED 402.8 million for the financial year 2024, reflecting a 90% payout ratio. This decision was finalized during the company’s first
Annual General Meeting (AGM), underscoring its commitment to delivering sustainable value to shareholders.

Key Dividend Highlights

Total Dividend: AED 402.8 million for FY 2024.

Free Float Investors Share: AED 135 million allocated for 2024, with an additional AED 135 million planned for 2025.

Upcoming Payment: AED 67.5 million to be distributed to free float investors in April 2025.

Dividend Per Share: 10 fils, with a current dividend yield exceeding 9%.
Strong Financial Growth Since IPO

Alef Education has reported impressive financial performance since its listing on the Abu Dhabi Securities Exchange (ADX) in June 2024.
The company achieved a net profit before tax of AED 491.7 million, marking a 6% year-on-year growth. Additionally, revenues for FY
2024 reached AED 759.0 million, driven by increased adoption of its AI-powered learning solutions.

The company also recorded a 5% year-on-year surge in EBITDA, reaching AED 512.2 million, with a 67.5% EBITDA margin. This growth has
been attributed to strategic B2B partnerships and the stability of long-term B2G contracts.

H.E. Abdulhamid M. Saeed Alahmadi, Chairman of Alef Education, stated:
"Since our landmark IPO, Alef Education has continued to strengthen its financial and operational performance. Our robust dividend policy reflects
our commitment to sustainable growth and long-term value creation for our shareholders."

Strategic Milestones And Market Expansion

During the AGM, Geoffrey Alphonso, CEO of Alef Education, highlighted the company’s strategic achievements, including:

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