Abu Dhabi: Alef Education Holding Plc, an AI-powered learning solutions provider for K-12 students, announced its financial results for the first quarter of 2025. The company, listed on the Abu Dhabi Securities Exchange since June 2024, reported a net profit of AED115.3 million for the three-month period ending 31 March 2025.
According to Emirates News Agency, Alef Education distributed a cash dividend of AED199.2 million for the second half of 2024 in April 2025, as approved during its Annual General Meeting. This brought the total dividend for the fiscal year 2024 to AED402.8 million, representing 90% of the company's full-year net profit.
Alef Education reported revenues of AED179.7 million for Q1 2025, a 2% increase compared to the previous year. The growth was primarily driven by contributions from the core UAE portfolio and contracts with the Abu Dhabi Department of Education and Knowledge, alongside growth in other business and government contracts. The company continued to focus on revenue diversification during this period.
The company's EBITDA rose by 2% to AED132.8 million, with a margin of 74%. Alef Education maintained a strong balance sheet with AED402.6 million in cash, no debt, and a low liabilities-to-assets ratio of 18%, positioning it well for future growth and consistent dividend distributions.
Geoffrey Alphonso, CEO of Alef Education, highlighted the company's momentum across B2G and B2B segments, supported by investments in innovation and global expansion. He emphasized the company's commitment to transforming education through AI and delivering value to its stakeholders, with a focus on expanding in markets like Indonesia and continuing progress in the UAE.