Page 75 - ALEF EDUCATION PR REPORT - FEBRUARY 2026

2/13/26, 11:12 AM Alef Education delivers resilient FY 2025 performance with Revenues of AED 769.5 million and market-leading 71.6% EBITD…
“Alef Education delivered a solid full-year performance in 2025, reflecting disciplined execution across the business
and the continued strength of our core UAE operations. We maintained strong profitability and margin expansion

while preserving a debt-free balance sheet, demonstrating the scalability of our operating model. We advanced our
core UAE execution with ADEK by expanding our presence in new public schools in Abu Dhabi, broadening activity

across private schools and non-school B2B/B2G engagements, as well as advancing our international initiatives. We
also made meaningful progress across our product portfolio, with Miqyas Al Dhad completing large-scale field

testing and moving through institutional engagement, ahead of its planned launch in Q1 2026.”

FY 2025 Profitable Growth Driven by Margin Expansion and Cost Discipline

Alef Education delivered strong profitability in FY 2025, supported by continued margin expansion and disciplined
cost management. EBITDA increased 7% YoY to AED 550.7 million, reflecting higher contributions from new

contracts alongside operational efficiencies across the business. As a result, the EBITDA margin expanded to 71.6%,
representing a 360 basis point improvement compared to FY 2024, showcasing the scalability of the operating model
and the benefits of structural cost optimization.

Net profit rose 8% YoY to AED 481.1 million, with the net profit margin improving to 62.5%, driven primarily by

EBITDA growth and efficiency gains across the cost base. Profitability was supported by lower operating expenses,
stronger performance from new revenue contracts, higher interest income, partially offset by higher corporate tax.

Alef Education ended FY 2025 with a strong liquidity position, holding AED 619.5 million in cash and cash

equivalents as at 31 December 2025, supported by a debt-free balance sheet. This robust financial position supports
operational flexibility, enabling the ongoing delivery of ADEK contractual commitments, and enables continued

investment in product and platform development, while maintaining a disciplined approach to capital allocation.

Reliable and Attractive Dividend Policy

Beyond driving growth, Alef Education’s strong financial position and guaranteed ADEK payments continue to
support consistent shareholder returns through a clear and dependable dividend policy. In line with its IPO

commitment, the Company guaranteed a minimum annual dividend payout of AED 135 million to public
shareholders for FY 2025. The first installment of AED 67.5 million was paid as an interim dividend in August 2025,
with the second installment of AED 67.5 million scheduled for payment in April 2026, following the AGM, as

previously communicated.

Progressing Domestic Execution and Advancing International Growth

During Q4 and throughout FY 2025, Alef Education advanced its domestic and international growth agenda,
translating engagement into tangible delivery and implementation. In the UAE, the Company reinforced its core

public-school platform migrating approximately 4,000 students and increasing total students on the Alef Platform in
Abu Dhabi public schools to approximately 73,000. In the private-school segment, revenue rose by ~50% YoY, with

the platform expanding to 183 schools and 122K paying students, representing approximately 36% of the UAE
private-school market.

https://web-release.com/alef-education-delivers-resilient-fy-2025-performance-with-revenues-of-aed-769-5-million-and-market-leading-71-6-ebitda… 2/4