Page 39 - ALEF EDUCATION PR RPEORT APRIL 2025

4/23/25, 4:54 PM Alef Education announces nearly AED 403m dividends for 2024 following robust results - Mubasher Info
Financial Performance since IPO

Chairman of Alef Education, Abdulhamid M. Saeed Alahmadi, highlighted the strong financial and operational
performance of the company since its landmark initial public offering (IPO) on the Abu Dhabi Stock Exchange (ADX) in
June 2024.

Alef Education delivered strong financial results in 2024, reporting a net profit before tax of AED 491.70 million which
reflected a 6% year-on-year (YoY) growth.

With the expansion of Alef Education’s footprint, now reaching 1.40 million students through innovative learning
solutions, the company reported a revenue of AED 759 million.

EBITDA surged by 5% YoY to reach AED 512.20 million, reaffirming Alef Education’s solid financial foundation
supported by cost optimization initiatives. This was in addition to achieving an EBITDA margin of 67.50%, driven by
strategic B2B partnerships and the resilience of long-term B2G contracts.
The CEO of Alef Education, Geoffrey Alphonso, said: "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.”

Alphonso concluded: “As we continue to drive innovation and operational excellence, we remain committed to delivering
long-term value for our shareholders, students, and stakeholders."

As part of its growth strategy, Alef Education secured a contract worth more than AED 30 million for a three-year period
in addition to partnering with MetaMetrics® to develop Miqyas Al Dhad, an innovative tool designed to advance Arabic
literacy across the Arab world.
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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