ALEF EDUCATION

Alef Education Holding plc

ALEFEDTStocksAbu Dhabi Securities ExchangeConsumer Discretionary

Financials

Income Statement Balance Sheet Cash Flow Ratios

Annual Quarterly

Quarterly (AED)

1-5

	Q4 2025Dec 31, 2025	Q3 2025Sep 30, 2025	Q2 2025Jun 30, 2025	Q1 2025Mar 31, 2025	Q4 2024Dec 31, 2024
Operating Summary
Revenue	196.71M	215.48M	177.61M	179.67M	207.55M
Cost of Revenue	55.80M	60.64M	40.23M	43.89M	80.48M
Gross Profit	140.91M	154.84M	137.39M	135.78M	127.08M
SG&A	7.65M	5.39M	3.22M	3.52M	8.08M
R&D	—	—	—	—	—
Operating Expenses	17.55M	14.30M	12.74M	12.52M	17.51M
Operating Income	123.36M	140.54M	124.65M	123.26M	109.57M
Interest Income	4.53M	5.00M	3.90M	3.39M	2.75M
Pretax Income	127.89M	145.54M	128.55M	126.65M	112.31M
Income Tax	11.52M	13.10M	11.57M	11.36M	10.11M
Net Income	116.37M	132.44M	116.98M	115.29M	102.20M
EBITDA	128.63M	149.08M	134.20M	131.83M	115.83M
EBIT	123.36M	140.54M	124.65M	123.26M	109.57M
EPS (Basic)	0.02	0.02	0.02	0.02	0.01
EPS (Diluted)	0.02	0.02	0.02	0.02	0.01
Margins & Efficiency
Gross Margin %	+71.6%	+71.9%	+77.4%	+75.6%	+61.2%
EBITDA Margin %	+65.4%	+69.2%	+75.6%	+73.4%	+55.8%
Net Margin %	+59.2%	+61.5%	+65.9%	+64.2%	+49.2%
Revenue & Income
Revenue	196.71M	215.48M	177.61M	179.67M	207.55M
Revenue as Reported	196.71M	215.48M	177.61M	179.67M	207.55M
Revenue Growth (YoY)	-5.2%	+9.2%	+0.1%	+1.7%	-1.9%
Interest & Investment Income	4.53M	5.00M	3.90M	3.39M	2.75M
Gain (Loss) on Sale of Investments	—	—	—	—	—
Expenses & Provisions
Cost of Revenue	55.80M	60.64M	40.23M	43.89M	80.48M
Selling, General & Admin	7.65M	5.39M	3.22M	3.52M	8.08M
Research & Development	—	—	—	—	—
Operating Expenses	17.55M	14.30M	12.74M	12.52M	17.51M
Other Operating Expenses	1.37M	0.37M	-0.03M	0.43M	1.58M
Amortization of Goodwill & Intangibles	8.07M	8.07M	9.03M	8.10M	7.38M
D&A For EBITDA	5.27M	8.54M	9.56M	8.58M	6.26M
Profitability & Returns
Gross Profit	140.91M	154.84M	137.39M	135.78M	127.08M
Gross Margin	+71.6%	+71.9%	+77.4%	+75.6%	+61.2%
EBIT	123.36M	140.54M	124.65M	123.26M	109.57M
EBIT Margin	+62.7%	+65.2%	+70.2%	+68.6%	+52.8%
EBITDA	128.63M	149.08M	134.20M	131.83M	115.83M
EBITDA Margin	+65.4%	+69.2%	+75.6%	+73.4%	+55.8%
EBT Excluding Unusual Items	127.89M	145.54M	128.55M	126.65M	112.31M
Pretax Income	127.89M	145.54M	128.55M	126.65M	112.31M
Operating Income	123.36M	140.54M	124.65M	123.26M	109.57M
Operating Margin	+62.7%	+65.2%	+70.2%	+68.6%	+52.8%
Profit Margin	+59.2%	+61.5%	+65.9%	+64.2%	+49.2%
Net Income	116.37M	132.44M	116.98M	115.29M	102.20M
Net Income to Common	116.37M	132.44M	116.98M	115.29M	102.20M
Net Income Growth	+13.9%	+11.2%	+3.4%	+2.0%	+11.6%
Income Tax Expense	11.52M	13.10M	11.57M	11.36M	10.11M
Effective Tax Rate	+9.0%	+9.0%	+9.0%	+9.0%	+9.0%
Per Share & Capital
EPS (Basic)	0.02	0.02	0.02	0.02	0.01
EPS (Diluted)	0.02	0.02	0.02	0.02	0.01
EPS Growth	+14.1%	+11.2%	-46.6%	-96.6%	—
Dividend Per Share	—	—	0.03	—	0.05
Shares Change (YoY)	-0	—	0.94	29.33	—
Shares Outstanding (Basic)	7.00B	7.00B	7.00B	7.00B	7.01B
Shares Outstanding (Diluted)	7.00B	7.00B	7.00B	7.00B	7.01B
Dividend Growth	—	—	+2.7%	—	—
Free Cash Flow	137.54M	216.13M	307.41M	13.31M	130.09M
Free Cash Flow Margin	+69.9%	+100.3%	+173.1%	+7.4%	+62.7%
Free Cash Flow Per Share	0.02	0.03	0.04	0.00	0.02
Payout Ratio	—	+157.8%	+170.3%	—	—

Income Statement Balance Sheet Cash Flow Ratios

Annual Quarterly

Quarterly (AED)

1-5

	Q4 2025Dec 31, 2025	Q3 2025Sep 30, 2025	Q2 2025Jun 30, 2025	Q1 2025Mar 31, 2025	Q4 2024Dec 31, 2024
Operating Summary
Revenue	196.71M	215.48M	177.61M	179.67M	207.55M
Cost of Revenue	55.80M	60.64M	40.23M	43.89M	80.48M
Gross Profit	140.91M	154.84M	137.39M	135.78M	127.08M
SG&A	7.65M	5.39M	3.22M	3.52M	8.08M
R&D	—	—	—	—	—
Operating Expenses	17.55M	14.30M	12.74M	12.52M	17.51M
Operating Income	123.36M	140.54M	124.65M	123.26M	109.57M
Interest Income	4.53M	5.00M	3.90M	3.39M	2.75M
Pretax Income	127.89M	145.54M	128.55M	126.65M	112.31M
Income Tax	11.52M	13.10M	11.57M	11.36M	10.11M
Net Income	116.37M	132.44M	116.98M	115.29M	102.20M
EBITDA	128.63M	149.08M	134.20M	131.83M	115.83M
EBIT	123.36M	140.54M	124.65M	123.26M	109.57M
EPS (Basic)	0.02	0.02	0.02	0.02	0.01
EPS (Diluted)	0.02	0.02	0.02	0.02	0.01
Margins & Efficiency
Gross Margin %	+71.6%	+71.9%	+77.4%	+75.6%	+61.2%
EBITDA Margin %	+65.4%	+69.2%	+75.6%	+73.4%	+55.8%
Net Margin %	+59.2%	+61.5%	+65.9%	+64.2%	+49.2%
Revenue & Income
Revenue	196.71M	215.48M	177.61M	179.67M	207.55M
Revenue as Reported	196.71M	215.48M	177.61M	179.67M	207.55M
Revenue Growth (YoY)	-5.2%	+9.2%	+0.1%	+1.7%	-1.9%
Interest & Investment Income	4.53M	5.00M	3.90M	3.39M	2.75M
Gain (Loss) on Sale of Investments	—	—	—	—	—
Expenses & Provisions
Cost of Revenue	55.80M	60.64M	40.23M	43.89M	80.48M
Selling, General & Admin	7.65M	5.39M	3.22M	3.52M	8.08M
Research & Development	—	—	—	—	—
Operating Expenses	17.55M	14.30M	12.74M	12.52M	17.51M
Other Operating Expenses	1.37M	0.37M	-0.03M	0.43M	1.58M
Amortization of Goodwill & Intangibles	8.07M	8.07M	9.03M	8.10M	7.38M
D&A For EBITDA	5.27M	8.54M	9.56M	8.58M	6.26M
Profitability & Returns
Gross Profit	140.91M	154.84M	137.39M	135.78M	127.08M
Gross Margin	+71.6%	+71.9%	+77.4%	+75.6%	+61.2%
EBIT	123.36M	140.54M	124.65M	123.26M	109.57M
EBIT Margin	+62.7%	+65.2%	+70.2%	+68.6%	+52.8%
EBITDA	128.63M	149.08M	134.20M	131.83M	115.83M
EBITDA Margin	+65.4%	+69.2%	+75.6%	+73.4%	+55.8%
EBT Excluding Unusual Items	127.89M	145.54M	128.55M	126.65M	112.31M
Pretax Income	127.89M	145.54M	128.55M	126.65M	112.31M
Operating Income	123.36M	140.54M	124.65M	123.26M	109.57M
Operating Margin	+62.7%	+65.2%	+70.2%	+68.6%	+52.8%
Profit Margin	+59.2%	+61.5%	+65.9%	+64.2%	+49.2%
Net Income	116.37M	132.44M	116.98M	115.29M	102.20M
Net Income to Common	116.37M	132.44M	116.98M	115.29M	102.20M
Net Income Growth	+13.9%	+11.2%	+3.4%	+2.0%	+11.6%
Income Tax Expense	11.52M	13.10M	11.57M	11.36M	10.11M
Effective Tax Rate	+9.0%	+9.0%	+9.0%	+9.0%	+9.0%
Per Share & Capital
EPS (Basic)	0.02	0.02	0.02	0.02	0.01
EPS (Diluted)	0.02	0.02	0.02	0.02	0.01
EPS Growth	+14.1%	+11.2%	-46.6%	-96.6%	—
Dividend Per Share	—	—	0.03	—	0.05
Shares Change (YoY)	-0	—	0.94	29.33	—
Shares Outstanding (Basic)	7.00B	7.00B	7.00B	7.00B	7.01B
Shares Outstanding (Diluted)	7.00B	7.00B	7.00B	7.00B	7.01B
Dividend Growth	—	—	+2.7%	—	—
Free Cash Flow	137.54M	216.13M	307.41M	13.31M	130.09M
Free Cash Flow Margin	+69.9%	+100.3%	+173.1%	+7.4%	+62.7%
Free Cash Flow Per Share	0.02	0.03	0.04	0.00	0.02
Payout Ratio	—	+157.8%	+170.3%	—	—