Alef Education Holding Balance Sheet

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
Cash & Equivalents	619.51	396.3	261.77	171.44	205.59
Trading Asset Securities	-	-	-	869.03	269.86
Cash & Short-Term Investments	619.51	396.3	261.77	1,040	475.45
Cash Growth	56.32%	51.39%	-74.84%	118.84%	-
Accounts Receivable	161.12	340.61	154.95	137.31	154.61
Other Receivables	-	-	109.76	387.01	249.83
Receivables	161.12	340.61	264.7	524.32	404.44
Total Current Assets	780.63	736.91	526.48	1,565	879.89
Property, Plant & Equipment	5.88	8.96	3.02	4.65	10.52
Other Intangible Assets	193.55	171.93	79.9	74.79	75.1
Long-Term Accounts Receivable	0.36	4.94	12.43	10.56	10.36
Long-Term Deferred Tax Assets	0.09	-	-	-	-
Total Assets	980.51	922.74	621.82	1,655	975.87
Accounts Payable	1.13	6.43	16.65	22.07	13.82
Accrued Expenses	38.24	55.09	46.56	43.79	40.06
Current Portion of Leases	3.17	3.2	0.23	-	-
Current Income Taxes Payable	47.49	44.22	-	-	-
Other Current Liabilities	40.82	36.53	30.8	17.6	30.97
Total Current Liabilities	130.85	145.47	94.24	83.46	84.84
Long-Term Leases	-	3.17	0.24	-	-
Pension & Post-Retirement Benefits	19.33	15.81	12.92	11.22	6.02
Total Liabilities	150.19	164.45	107.4	94.67	90.86
Common Stock	70	70	-	-	-
Additional Paid-In Capital	167.56	167.56	167.56	167.56	167.56
Retained Earnings	592.76	520.73	346.86	1,393	717.45
Shareholders' Equity	830.32	758.29	514.42	1,560	885.01
Total Liabilities & Equity	980.51	922.74	621.82	1,655	975.87
Total Debt	3.17	6.37	0.47	-	-
Net Cash (Debt)	616.34	389.93	261.3	1,040	475.45
Net Cash Growth	58.06%	49.23%	-74.89%	118.84%	-
Net Cash Per Share	0.09	0.07	-	-	-
Filing Date Shares Outstanding	7,000	7,000	-	-	-
Total Common Shares Outstanding	7,000	7,000	-	-	-
Working Capital	649.78	591.44	432.24	1,481	795.05
Book Value Per Share	0.12	0.11	-	-	-
Tangible Book Value	636.77	586.36	434.52	1,485	809.91
Tangible Book Value Per Share	0.09	0.08	-	-	-
Machinery	41.58	39.41	37.42	36.28	36.39
Leasehold Improvements	0.24	0.24	0.24	0.24	3.78

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