Alef Education Holding Income Statement

Financials in millions AED. Fiscal year is January - December.

Millions AED. Fiscal year is Jan - Dec.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Revenue	769.47	759	749.53	772.69	667.36
Revenue Growth (YoY)	1.38%	1.26%	-3.00%	15.78%	-
Cost of Revenue	200.55	215.61	214.82	159.97	141.23
Gross Profit	568.92	543.39	534.71	612.73	526.13
Selling, General & Admin	19.78	26.7	42.17	50.27	46.35
Research & Development	-	-	-	83.03	80.53
Amortization of Goodwill & Intangibles	33.28	31.5	30.73	30.24	26.51
Other Operating Expenses	2.13	4.51	3.62	3.65	3.73
Operating Expenses	57.11	64.44	79.79	175.75	166.87
Operating Income	511.81	478.96	454.91	436.98	359.26
Interest & Investment Income	16.82	12.73	8.7	0.17	-
EBT Excluding Unusual Items	528.63	491.68	463.61	437.15	359.26
Gain (Loss) on Sale of Investments	-	-	122.8	237.95	67.89
Pretax Income	528.63	491.68	586.41	675.1	427.15
Income Tax Expense	47.55	44.22	-	-	-
Net Income	481.08	447.46	586.41	675.1	427.15
Net Income to Common	481.08	447.46	586.41	675.1	427.15
Net Income Growth	7.51%	-23.70%	-13.14%	58.05%	-
Shares Outstanding (Basic)	7,000	5,317	-	-	-
Shares Outstanding (Diluted)	7,000	5,317	-	-	-
Shares Change (YoY)	31.66%	-	-	-	-
EPS (Basic)	0.07	0.08	-	-	-
EPS (Diluted)	0.07	0.08	-	-	-
EPS Growth	-18.34%	-	-	-	-
Free Cash Flow	674.38	332.77	476.35	493.29	249.61
Free Cash Flow Per Share	0.10	0.06	-	-	-
Dividend Per Share	-	0.077	-	-	-
Gross Margin	73.94%	71.59%	71.34%	79.30%	78.84%
Operating Margin	66.51%	63.10%	60.69%	56.55%	53.83%
Profit Margin	62.52%	58.95%	78.24%	87.37%	64.01%
Free Cash Flow Margin	87.64%	43.84%	63.55%	63.84%	37.40%
EBITDA	532.87	504.01	486.01	473.02	392.69
EBITDA Margin	69.25%	66.41%	64.84%	61.22%	58.84%
D&A For EBITDA	21.06	25.06	31.09	36.04	33.43
EBIT	511.81	478.96	454.91	436.98	359.26
EBIT Margin	66.51%	63.10%	60.69%	56.55%	53.83%
Effective Tax Rate	9.00%	8.99%	-	-	-
Revenue as Reported	769.47	759	749.53	772.69	667.36

Updated Dec 31, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.