Page 24 - ALEF EDUCATION PR REPORT - JULY 2024

Better margins, lower costs aid 7% profit growth

at Alef Education in H1

Profitability margins backed by strong revenue base and cost efficiencies in H1 2024

Published: July 30, 2024 12:38Gulf News Report

Today marks
Alef Education’s first set of results since its successful initial public offering on the Abu Dhabi
Securities Exchange at the beginning of June 2024.Image Credit: Supplied

In Alef Education’s first set of results since its successful initial public offering on the Abu Dhabi
Securities Exchange at the beginning of June 2024, the Abu Dhabi-based AI-powered learning
solutions provider posted 7 per cent rise in H1 2024 adjusted profit before tax to Dh249 million.

On the back of stable revenue performance, with margin expansion to 70 per cent - substantially
above industry benchmarks, and focus on cost efficiencies boosted Alef Education’s market-
leading EBITDA margin to 73 per cent.
Alef Education said it remains committed to a Dh135 million dividend payout for its 20 per
cent free float investors, and has accordingly approved an Dh67.5 million payout for H1 2024,
implying an interim dividend per share of c. Dh0.05, with the current dividend yield exceeding 8
per cent.

https://gulfnews.com/business/markets/better-margins-lower-costs-aid-7-profit-growth-at-alef-
education-in-h1-1.1722329486435