Alef Education Holding plc · ADX:ALEFEDT
Alef Education — 9M 2026 Earnings Presentation
22 slides from Alef Education's earnings presentation, Sep 30, 2026
Slide 1: 9M 2026 Earnings Presentation
9M 2026 Earnings Presentation Alef Education
Slide 2: Forward Looking Statements
li) Forward Looking Statements This presentation includes forward-looking statements. The forward- These forward-looking statements include all matters that are not looking statements contained in this presentation speak only as of historical facts. They appear in a number of places throughout this
Slide 3: Agenda
Agenda SPEAKERS 01 Company & Strategy Overview 02 9M 2026 at a Glance 03 Summary & Outlook 04 Concluding Remarks Geoffrey Alphonso Amit Choudhary CEO CFO 9M 2026 Earnings Presentation 3
Slide 4: Award Winning K-12 Ed-Tech Pioneer with Compelling Fundamentals Driving Long-Term Shareholder Value
Award Winning K-12 Ed-Tech Pioneer with Compelling Fundamentals Driving Long-Term Shareholder Value 01 02 03 04 Why Alef Education? What Differentiates Us? What is our Strategy? Financial Strength & Shareholder Value • Largest home-grown K-12 • Seasoned leadership • Aligned with UAE Vision • Sector-
Slide 5: Company & Strategy Overview
01 Company & Strategy Overview
Slide 6: How Alef Education Creates Value
How Alef Education Creates Value 01 02 03 04 05 Platform Adoption Outcomes Data Improvement PRODUCTS ~2.3 M Registered 99% CSAT +35.8% Students PRODUCTS Alef Core · Pathways · students onboarded Launched Alef AI for Assessments · Miqyas Al YoY⁽¹⁾ Teachers and AI-enabled Dhad · Arabits · Abjadiyat ·
Slide 7: Our Product Portfolio
lj) Our Product Portfolio Development pipeline Product category Brands Current offering (2026) MARKETPLACE PRODUCTS Beyond core subjects, we are Grade 5–12 Math, Science, English and developing Alef marketplace offerings Alef Platform — Courseware Arabic G5–12 for targeted B2B and private school cli
Slide 8: Our Growth Pillars
Our Growth Pillars Core (ADEK) Private Schools B2B / B2G Miqyas Al Dhad Stable, long-term contracted Expanding adoption and Growing domestic and Supporting market entry and revenue base deeper engagement international contribution expansion G5–12 public 100% Active student ~103 K⁽¹⁾ Active contracts
Slide 9: 9M 2026 Growth Drivers
9M 2026 Growth Drivers Miqyas Al ADEK B2B & B2G Private Schools Dhad • ADEK contract secured • 5 active contracts with a revenue • Entered the AY2026-27 with schools • Core components through 2033 with a revenue backlog of ~AED 20.9 M to be confirming enrolment and student complete and ready, backlo
Slide 10: 9M 2026 at a Glance
02 9M 2026 at a Glance
Slide 11: 9M 2026 in Review: Strategic and Operational Milestones
9M 2026 in Review: Strategic and Operational Milestones Revenue grew 5.7% YoY to AED 605.3 M in 9M 2026, driven by a 40.7% rise in Support & Services, with 01 Steady Revenue and Profit the related IT device cost increases recovered through inflation-linked pricing and increased Growth student count.
Slide 12: 9M 2026 Financial Highlights
9M 2026 Financial Highlights Revenue EBITDA⁽¹⁾ ~nn Net Profit AED 605.3 M AED 428.3 M AED 385.4 M ▲ 5.7% YoY ▲ 2.5% YoY ▲ 5.7% YoY Cash & Bank⁽²⁾ EBITDA⁽¹⁾ Margin Net Profit Margin AED 429.6 M 70.8% 63.7% No Debt — after AED 212.8 M ▼ 220 bps YoY 0 bps YoY — stable distributed for H1 2026 (1) EBITDA
Slide 13: Delivering Value Through Profitability and Payout Discipline
lj) Delivering Value Through Profitability and Payout Discipline Earnings Yield Dividend Yield Market Cap Total Assets ~7.6% ~6.8% ~AED 6.6 B AED 984.9 M In line with ADX index yield. EPS as Compared to industry¹ average of As per 28 October 2026 closing per FY2026 guidance and 28 ~4.9% stock price
Slide 14: Summary & Outlook
03 Summary & Outlook
Slide 15: Financial Guidance FY2026
lj) Financial Guidance FY2026 FY 2026 COMMENTS FY 2025 Audited Guidance Against a backdrop of regional disruption during the year, Alef Education demonstrated strong resilience, with distance learning activation sustaining Revenue AED 769.5 M +3% YoY engagement across the period. Reflecting the dura
Slide 16: Concluding Remarks
04 Concluding Remarks
Slide 17: Concluding Remarks
Concluding Remarks Steady Growth Strong Shareholder Positioned for Building Growth Beyond the in Revenue Returns, Debt-Free FY2026 and Core and Profit Balance Sheet Beyond • Revenue up 5.7% to AED • AED 436.8 M returned to • ADEK: Core ADEK G5–12 contract delivered • Alef guidance for FY2026 605.3 M
Slide 18: 9M 2026 Financial Overview
Appendix 9M 2026 Financial Overview
Slide 19: Revenue Growth and Increased Diversification
Revenue Growth and Increased Diversification - __ - REVENUE BY SEGMENT (AED MILLION) OPERATING EXPENSES* (AED MILLION) (572.8 _ }...... +5.7% ..... ·{ 605.3 ) ( 154.8 } ...... +14.3% .....·{ 177.0 ) 70.8 99.7 32.0 29.4 62.8 42.9 502.0 505.6 82.5 82.2 r 9M 2025 9M 2026 9M 2025 9M 2026 ■ Education Sol
Slide 20: Profitable Growth with Operational Efficiency
Profitable Growth with Operational Efficiency EBITDA* AND MARGIN (%) (AED MILLION) NET PROFIT AND MARGIN (%) (AED MILLION) ( 73.0% ( 418.0 } ...... 27.9 - )-....... - −220 bps ...... +2.5% ..... ►( 70.8% ) ·{ 428.3 ) 36.9 ( 63.7% )-....... - 0 bps ...... ►( 63.7% ) +5.7% 419.5 423.4 385.4 364.7 −29.
Slide 21: Profitable Growth with Operational Efficiency
Profitable Growth with Operational Efficiency BALANCE SHEET AS AT 9M 2026 Cash & Bank Balance Debt-to-Equity Ratio Total AED 984.9 M AED 429.6 M 0.0x After AED 212.8 M distributed in September 15% Trade & Other Payables 2% Other Liabilities Cash & Bank Balance 44% • Alef Education maintained a stron
Slide 22: Thank You
Alef (yc ll a Thank You
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