Page 47 - ALEF EDUCATION PR REPORT MARCH 2025

4/2/25, 9:42 AM Alef Education Shareholders Approve AED 402.8 Million Final Cash Dividend For Year 2024 Following Strong Financial Performance
Strong Financial Performance and Strategic Growth:

During the AGM, H.E. Abdulhamid M. Saeed Alahmadi, Chairman of Alef Education, highlighted the Company's
strong financial and operational performance since its landmark IPO on the Abu Dhabi Stock Exchange ('ADX') in
June 2024. Alef Education delivered strong financial results in FY 2024, reporting a net profit before tax of AED
491.7 million, reflecting 6% year-on-year growth. With the expansion of Alef Education's footprint, now reaching
1.4 million students through innovative learning solutions, the Company reported Revenues of AED 759.0 million.

EBITDA surged by 5% year-on-year to reach AED 512.2 million, reaffirming Alef Education's solid financial
foundation supported by cost optimization initiatives. The Company achieved an EBITDA margin of 67.5%, driven
by strategic B2B partnerships and the resilience of long-term B2G contracts.

Geoffrey Alphonso, Chief Executive Officer of Alef Education, commented:“2024 was a transformational year for
Alef Education. Our successful IPO, swift inclusion in the MSCI UAE Small Cap Index, and our expanding
strategic partnerships solidify our position as a leader in AI-powered education. As we continue to drive innovation
and operational excellence, we remain committed to delivering long-term value for our shareholders, students,
and stakeholders.”

Investing in Future Growth & Innovation:

The AGM also highlighted key business development initiatives undertaken by the Company during FY 2024. As
part of its growth strategy, Alef Education secured a contract worth more than AED 30 million for a three-year
period. Additionally, Alef Education partnered with MetaMetrics® to develop Miqyas Al Dhad, an innovative tool
designed to advance Arabic literacy across the Arab world. Alef Education has strengthened its presence having
signed several Memorandums of Understanding ('MoU's) with ministries of education across multiple countries,
facilitating the adoption of this new AI-powered Arabic literacy tool.

Looking ahead, Alef Education will continue to invest in AI-driven learning solutions, enhance operational
efficiencies, and scale its presence. With a well-defined strategy and a dominant market position in the UAE, the
company aims to unlock new growth opportunities, expand into key markets, and sustain long-term profitability.

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