Alef Education Holding Income Statement

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

Millions AED. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Sep '25 Sep 30, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Revenue	780.32	759	749.53	772.69	667.36
Revenue Growth (YoY)	2.28%	1.26%	-3.00%	15.78%	-
Cost of Revenue	225.23	215.61	214.82	159.97	141.23
Gross Profit	555.09	543.39	534.71	612.73	526.13
Selling, General & Admin	20.21	26.7	42.17	50.27	46.35
Research & Development	-	-	-	83.03	80.53
Amortization of Goodwill & Intangibles	32.59	31.5	30.73	30.24	26.51
Other Operating Expenses	2.35	4.51	3.62	3.65	3.73
Operating Expenses	57.08	64.44	79.79	175.75	166.87
Operating Income	498.01	478.96	454.91	436.98	359.26
Interest & Investment Income	15.04	12.73	8.7	0.17	-
EBT Excluding Unusual Items	513.05	491.68	463.61	437.15	359.26
Gain (Loss) on Sale of Investments	-	-	122.8	237.95	67.89
Pretax Income	513.05	491.68	586.41	675.1	427.15
Income Tax Expense	46.14	44.22	-	-	-
Net Income	466.91	447.46	586.41	675.1	427.15
Net Income to Common	466.91	447.46	586.41	675.1	427.15
Net Income Growth	6.89%	-23.70%	-13.14%	58.05%	-
Shares Outstanding (Basic)	7,003	5,317	-	-	-
Shares Outstanding (Diluted)	7,003	5,317	-	-	-
EPS (Basic)	0.07	0.08	-	-	-
EPS (Diluted)	0.07	0.08	-	-	-
Free Cash Flow	666.94	332.77	476.35	493.29	249.61
Free Cash Flow Per Share	0.10	0.06	-	-	-
Dividend Per Share	0.078	0.077	-	-	-
Gross Margin	71.14%	71.59%	71.34%	79.30%	78.84%
Operating Margin	63.82%	63.10%	60.69%	56.55%	53.83%
Profit Margin	59.84%	58.95%	78.24%	87.37%	64.01%
Free Cash Flow Margin	85.47%	43.84%	63.55%	63.84%	37.40%
EBITDA	524.36	504.01	486.01	473.02	392.69
EBITDA Margin	67.20%	66.41%	64.84%	61.22%	58.84%
D&A For EBITDA	26.35	25.06	31.09	36.04	33.43
EBIT	498.01	478.96	454.91	436.98	359.26
EBIT Margin	63.82%	63.10%	60.69%	56.55%	53.83%
Effective Tax Rate	8.99%	8.99%	-	-	-
Revenue as Reported	780.32	759	749.53	772.69	667.36

Source: S&P Capital IQ. Standard template. Financial Sources.