Taaleem Holdings Pjsc · DFM:TAALEEM
Taaleem Holdings Pjsc — 9M 2025/26 Earnings Presentation
20 slides from Taaleem Holdings Pjsc's earnings presentation, 2026
Slide 1: Taaleem Holdings PJSC 9M 2025/26 Results Presentation
TAALEEM HOLDINGS PJSC 2024 COMPANY PROFILE 9M 2025/26 RESULTS PRESENTATION
Slide 2: 9M 2025/26 Performance Snapshot
9M 2025/26 PERFORMANCE SNAPSHOT I
Slide 3: 9M 2025/26 in Numbers: Growing Portfolio and Record-High Revenue
9M 2025/26 IN NUMBERS GROWING PORTFOLIO AND RECORD-HIGH REVENUE Operating Revenue Total Revenue EBITDA KFG Contribution to NP Group Net Profit AED 1,166.2M AED 1,174.1M AED 439.4M AED 10.7M AED 283.2M +18.5% YoY +16.2% YoY +16.0% YoY | 37.7% margin 3.8% of Group Net Profit +9.0% YoY | 24.3% margin C
Slide 4: Consolidated Financial Highlights
STRONG OPERATIONAL GROWTH SUPPORTING LONG-TERM SHAREHOLDER VALUE CONSOLIDATED FINANCIAL HIGHLIGHTS Expansion investment supports future growth, with operating leverage and returns expected to improve as new capacity matures. Investment & Pipeline (9M 2025/26) Balance Sheet & Liquidity (9M 2025/26) S
Slide 5: Financial Position: Leverage and Debt Profile
FINANCIAL POSITION LEVERAGE AND DEBT PROFILE Leverage has temporarily increased to fund the growth pipeline AED 1,507.3M AED 1,227.9M 5.45x 0.79x Total debt Net debt Debt Service Coverage Ratio Gearing ratio +AED 180.1M vs FY24/25 3.58x Net Debt / LTM EBITDA Comfortably above 1.2x covenant Below 1.5
Slide 6: Strong Cash Generation Supports Growth Investments
CONSOLIDATED STRONG CASH GENERATION SUPPORTS GROWTH INVESTMENTS Free cash flow remained positive in 9M 2025/26, with cash deployed toward expansion CAPEX, financing cost while maintaining healthy cash conversion. Cash Balance Movement (AED M) – 9M 2025/26 Free Cash Flow Conversion % Borrowings prima
Slide 7: Revenue Recognition Policy: One-Off Timing Adjustment from MOE Calendar Change
REVENUE RECOGNITION POLICY ONE-OFF REVENUE TIMING ADJUSTMENT FROM MOE CALENDAR CHANGE A structural one-time FY25/26 headwind driven by an MOE calendar change; recovery in FY26/27 as the calendar normalises. Non-cash adjustment only — no impact on enrolment, collections, cash generation or underlying
Slide 8: Business Continuity: Regional Conflict Impact and Operational Response
Business Continuity REGIONAL CONFLICT IMPACT AND OPERATIONAL RESPONSE II
Slide 9: Business Continuity: Operational Response Across the Group
BUSINESS CONTINUITY OPERATIONAL RESPONSE ACROSS THE GROUP Continuity preserved across both platforms: K-12 operated without interruption, while KFG restored operations through a structured, phased reopening. K-12 SCHOOLS KIDS FIRST GROUP (KFG) Full operational continuity maintained Management Respon
Slide 10: K-12 Operations: Resilient Demand and Full Business Continuity
BUSINESS CONTINUITY K-12 OPERATIONS: RESILIENT DEMAND AND FULL BUSINESS CONTINUITY Operational resilience supported by stable staffing, strong collections and visible AY2026/27 demand. 99% 100% 97.8% 49% 13% 38% Teacher retention Harrow faculty recruited Fee collection FY25/26 Newcomers FY25/26 Newc
Slide 11: Kids First Group: Short-Term Disruption, Clear Recovery Path
BUSINESS CONTINUITY KIDS FIRST GROUP: SHORT-TERM DISRUPTION, CLEAR RECOVERY PATH Strong demand fundamentals and decisive management actions enabled a swift recovery, reinforcing the strength and resilience of the vertical. Resilient Operations Quick Recovery 82% Recovered Robust Cash Generation Cont
Slide 12: Peer Insights: Valuation and Comparative Multiple Analysis
PEER INSIGHTS VALUATION & COMPARATIVE MULTIPLE ANALYSIS | TAALEEM VS. PEERS Taaleem Vs. Peers* Key Financial Ratios – Taaleem Vs. Peers* Market P/E Ratio | LTM 9M 2026 Company Country Cap** 8 (AED mn) UAE Saudi Arabia Kuwait Jordan Egypt Average Taaleem UAE 3,180 Peer avg 22.8x — Taaleem at 25% disc
Slide 13: Looking Ahead: Near-Term Outlook
Looking Ahead NEAR-TERM OUTLOOK III
Slide 14: Looking Ahead: Strategic Expansion Pipeline
LOOKING AHEAD STRATEGIC EXPANSION PIPELINE Management and the Board are currently updating Taaleem’s 10-year strategy, with execution focused on premium capacity expansion, disciplined capital allocation and maintaining opening readiness. Harrow Dubai remains on track: no stop, no change Harrow Duba
Slide 15: Updated Outlook: Guidance Reset, Historical vs Current View
UPDATED OUTLOOK GUIDANCE RESET: Historical VS CURRENT VIEW Current FY25/26 guidance reflects a lower KFG contribution and revised EBITDA outlook, while K-12 enrolment remains broadly stable. Guidance matrix Historical View Current View What changed? FY25/26 FY25/26 K-12 enrolment guidance remains un
Slide 16: Updated Outlook: Guidance Beyond FY2025/26
UPDATED OUTLOOK GUIDANCE : Beyond FY2025/26 Forward-looking outlook beyond the FY2025/26 guidance reset Taaleem (Consolidated) Kids First Group (Standalone) Return to historical profitability profile Medium-term earnings potential FY2027/28 c.2 years later Within c.2 years 4 years Stronger earnings
Slide 17: School Achievements: Academic Excellence and Global Recognition
School Achievements ACADEMIC EXCELLENCE AND GLOBAL RECOGNITION IV
Slide 18: Group Achievements: A Year of Achievement Across the Taaleem Network
GROUP ACHIEVEMENTS A YEAR OF ACHIEVEMENT ACROSS THE TAALEEM NETWORK ACADEMIC EXCELLENCE BEST PLACE TO WORK SPORTING EXCELLENCE GLOBAL LEARNING & INTERNATIONAL EXPERIENCES DBS Emirates Hills: 25% Grade 9s DBS Mira — Best School to Work, Championship wins across DASSA, (GCSE), 51% A*-A (A Level), 18 R
Slide 19: Group Achievements: Academic Excellence
GROUP ACHIEVEMENTS ACADEMIC EXCELLENCE Record IB and national exam results, Best Place to Work Platinum certifications and seven Ivy league & Russell Group offers highlight a standout academic year for Taaleem schools across the UAE. Pass Rate IB Cohort IB Pass Rate University Offers Schools Certifi
Slide 20: Thank You
MIR A | Newly Launched | Coming Coming Soon Soon | Coming Soon | | Newly Launched | Thank You Q&A Investor Relations Contact Nora Ghannam, MBA Head of Investor Relations nghannam@taaleem.ae +971 50 114 2365 Taaleem Investor Presentation | 20
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