Page 48 - ALEF EDUCATION PR REPORT MARCH 2025

4/2/25, 9:43 AM Alef Education Shareholders Approve AED 402.8 Million Final Cash Dividend for Year 2024 Following Strong Financial Performance …

Alef Education Shareholders Approve AED 402.8 Million Final Cash

Dividend for Year 2024 Following Strong Financial Performance

By News Desk 1 28/03/2025

Alef Education Holding Plc (‘Alef Education’ or ‘the Company’), an award-winning AI-driven learning solutions provider, today announced the successful
conclusion of its first Annual General Meeting (‘AGM’). Shareholders approved the Board of Directors’ report on the Company’s activity and its financial
statements for the financial year ended December 31, 2024 (‘FY 2024’), including the distribution of cash dividends amounting to AED 199.2 million for the
second half of FY 2024 of which AED 67.5 million will be distributed to free float investors in April 2025.

The approval brings the total dividend for FY 2024 to AED 402.8 million, underscoring Alef Education’s commitment to delivering sustainable value to its
shareholders through a robust and transparent dividend policy promising a total of AED 135 million to its free float investors in each year 2024 and 2025.

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
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