Page 56 - ALEF EDUCATION PR REPORT MARCH 2025

4/2/25, 9:44 AM Alef Education shareholders approve AED402.8 million cash dividend for 2024
Alef Education delivered strong financial results in FY 2024, reporting a net profit
before tax of AED491.7 million, reflecting 6 percent 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 AED759.0
million.

EBITDA surged by 5 percent year-on-year to reach AED512.2 million, reaffirming
Alef Education's solid financial foundation supported by cost optimisation
initiatives. The Company achieved an EBITDA margin of 67.5 percent, 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."

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 AED30 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 (MoUs) with ministries of education across multiple countries,

facilitating the adoption of this new AI-powered Arabic literacy tool.

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