Latest news with #MiqyasAlDhad
Mid East Info
02-05-2025
- Business
- Mid East Info
H.E. Mohammad Ali Rashed Lootah
Q1 2025 Revenues up 2% YoY, reaching AED 179.7 million driven by new contract wins. Q1 2025 Net Profit up 2% YoY to AED 115.3 million, on the back of consistent revenue growth and cost optimization. 90% of FY 2024 Net Profit distributed in dividends, totaling AED 402.8 million and yielding a strong ~ 10% dividend yield with AED 135 million (~ 10 fils per share) distributed to free float shareholders, and an equivalent amount guaranteed for FY 2025 reflecting Alef Education's disciplined growth strategy. 3-year ADEK contract extension secures UAE core revenue through 2033. New contract wins with growth drive momentum across UAE, Indonesia, Senegal and beyond. Miqyas Al Dhad reaches 86% completion and is on track for Q3 2025 launch, unlocking a new revenue stream in Arabic language literacy. Alef Education Holding Plc (the 'Company' or 'Alef Education' or 'ADX: ALEFEDT'), an award-winning AI-powered learning solutions provider redefining the educational experience for K-12 students, based in Abu Dhabi, today announced its financial results for the three-month period ending 31 March 2025. This marks the Company's fourth earnings announcement since its debut on the Abu Dhabi Securities Exchange ('ADX') in June 2024. It also follows the successful distribution of a AED 199.2 million cash dividend for H2 2024 in April 2025, as approved during Alef Education's Annual General Meeting ('AGM'), bringing the total FY 2024 dividend to AED 402.8 million, representing 90% of the Company's full-year Net Profit. Geoffrey Alphonso, Chief Executive Officer of Alef Education, stated: 'As we move through 2025, we're building strong momentum across both our B2G and B2B segments, supported by ongoing investment in innovation and global expansion. Our Q1 2025 results, marked by steady revenue growth and improved efficiency, underscore the strength of our long-term strategy and disciplined execution. With expanding presence in markets like Indonesia and continued progress in the UAE, Alef Education remains focused on transforming education through AI and delivering meaningful value across the education ecosystem and to all our stakeholders.' Strong and Profitable Q1 Growth Builds on the FY 2024 Momentum Reinforcing its position as a trusted partner for governments and private schools in the UAE and globally, Alef Education continues to see strong demand for its suite of innovative, bespoke education solutions. In Q1 2025, the Company reported Revenues of AED 179.7 million, marking a 2% year-on-year ('YoY') increase. This was primarily based on the stable contributions from the core UAE portfolio, Abu Dhabi Department of Education and Knowledge ('ADEK') contract, and further driven by robust growth in other business and government contracts outside of ADEK, locally and internationally. Alef Education continued to execute on its growth strategy during Q1 2025, with a strong focus on revenue diversification. EBITDA rose 2% to AED 132.8 million in Q1 2025, with a market-leading margin of 74%. Net profit reached AED 115.3 million, reflecting a 2% YoY increase, supported by consistent revenue growth and a strong 64% margin, underscoring Alef Education's ongoing commitment to cost discipline and operational optimization. Alef Education's strong, unlevered balance sheet, solid financial foundation, and robust cash flow generation continue to support its growth strategy. With AED 402.6 million in cash, no debt and a low liabilities-to-assets ratio of 18%, the Company is well-positioned to fund growth ambitions, while sustaining consistent dividend distributions. A Core Foundation Further Enhanced by Strategic Growth & Strategic Alliances The Company's recent contract extension with ADEK provides significant revenue visibility until 2033, provisioning for a minimum of 80,000 students with a fixed fee per student. While the ADEK contract constitutes the core of Alef Education's business, the Company is actively pursuing an opportunistic global growth strategy, particularly considering high-margin and value accretive opportunities. To support its goals of geographic expansion, revenue diversification, and customer and product portfolio growth, Alef Education secured a substantial pipeline of high-value leads across both public and private sectors in the MENA region and internationally during Q1 2025. Supporting its focus on deepening public sector partnerships, Alef Education marks expansion into Morocco in support of the Education Reform Plan 2022–2026, and progress on the MOU with Nahdet Misr to collaborate across the GCC, Levant, and North Africa. Alef Education strengthened its footprint in Indonesia in Q1 2025, aligning with national digital education goals through high-level ministerial talks aimed at long-term collaboration. Strategic partnerships were also forged to advance human capital development and equip students with future-ready skills. Additionally, the Company engaged in ongoing strategic dialogue with the Senegalese government about a potential long-term collaboration, following the visit of Senegal's President to Alef Education in November 2024. Continuous Innovation Transforming Learning Outcomes To meet rising demand for its expanding product portfolio, Alef Education is developing new variants of Alef Pathways and enhancing its Arabic learning offerings with additional content and resources. As part of its innovation agenda, Alef Education partnered with MetaMetrics® to develop Miqyas Al Dhad , the region's first Arabic reading scale aimed at improving literacy for Grade 1–12 Arabic speakers. Created in collaboration with regional ministries, the initiative supports Alef Education's growth strategy by opening new, sustainable revenue streams in Arabic language proficiency. Now 86% complete, Miqyas Al Dhad has engaged over 110,000 students across nine countries, with seven MOUs signed to date. The launch is on track for Q3 2025. Consistent Shareholder Returns and Significant Value Creation Beyond driving growth, Alef Education's strong financial foundation allows the Company to deliver sustained value to shareholders through a transparent and robust dividend policy. In line with its IPO commitment, Alef Education guarantees a minimum annual dividend payout of AED 135 million to its 20% free-float investors for FY2024 and FY2025, distributed semi-annually. Alef Education holds a leading position in the UAE's K–12 EdTech space, deeply embedded in the national education framework via ADEK. With guaranteed payments from ADEK, the Company enjoys stable, predictable cash flows, enabling consistent dividend payouts with an attractive yield driving long-term shareholder value. Following the Annual General Meeting ('AGM') held on 27 March 2025, Alef Education successfully distributed a cash dividend of AED 199.2 million for H2 2024 in April 2025. This brought the total FY 2024 dividend payout to AED 402.8 million, representing 90% of the Company's full-year net profit, reflecting ~ 10% dividend yield with AED 135 million (~ 10 fils per share) being distributed to free float shareholders, and an equivalent amount is guaranteed for FY 2025, reflecting Alef Education's disciplined growth strategy. Outlook: Alef Education enters the remainder of 2025 with a strong outlook, supported by long-term government contracts, a growing international presence, and continued innovation. Revenue is expected to witness 3-4% growth in FY 2025 YoY. EBITDA for the year is expected to increase by 8-9%, generating a higher margin of 70% backed by strict cost optimization efforts coupled with revenue growth. Similarly, Net Profit is expected to increase by 6-7% resulting in a strong and consistent margin of 60%. With predictable cash flows and a proven model, Alef Education is uniquely positioned to fuel innovation, scale globally, and lead the next era of digital learning, while sustaining attractive dividends and delivering long-term value to shareholders. AED millions Q1 2025 Q1 2024 % Change Revenues 179.7 176.7 1.7% Total Expenses 56.4 55.7 -1.3% EBITDA* 132.8 130.7 1.6% EBITDA Margin 74% 74% – Net Profit 115.3 113.0 2.0% Net Profit margin 64% 64% – * EBITDA is earnings before interest, tax, depreciation, amortization and lease expenses (interest and depreciation on right of use assets).
Zawya
01-05-2025
- Business
- Zawya
Alef Education enters 2025 with strong Q1 performance
Q1 2025 Revenues up 2% YoY, reaching AED 179.7 million driven by new contract wins. Q1 2025 Net Profit up 2% YoY to AED 115.3 million, on the back of consistent revenue growth and cost optimization. 90% of FY 2024 Net Profit distributed in dividends, totaling AED 402.8 million and yielding a strong ~ 10% dividend yield with AED 135 million (~ 10 fils per share) distributed to free float shareholders, and an equivalent amount guaranteed for FY 2025 reflecting Alef Education's disciplined growth strategy. 3-year ADEK contract extension secures UAE core revenue through 2033. New contract wins with growth drive momentum across UAE, Indonesia, Senegal and beyond. Miqyas Al Dhad reaches 86% completion and is on track for Q3 2025 launch, unlocking a new revenue stream in Arabic language literacy. Abu Dhabi, UAE – Alef Education Holding Plc (the 'Company' or 'Alef Education' or 'ADX: ALEFEDT'), an award-winning AI-powered learning solutions provider redefining the educational experience for K-12 students, based in Abu Dhabi, today announced its financial results for the three-month period ending 31 March 2025. This marks the Company's fourth earnings announcement since its debut on the Abu Dhabi Securities Exchange ('ADX') in June 2024. It also follows the successful distribution of a AED 199.2 million cash dividend for H2 2024 in April 2025, as approved during Alef Education's Annual General Meeting ('AGM'), bringing the total FY 2024 dividend to AED 402.8 million, representing 90% of the Company's full-year Net Profit. Geoffrey Alphonso, Chief Executive Officer of Alef Education, stated: 'As we move through 2025, we're building strong momentum across both our B2G and B2B segments, supported by ongoing investment in innovation and global expansion. Our Q1 2025 results, marked by steady revenue growth and improved efficiency, underscore the strength of our long-term strategy and disciplined execution. With expanding presence in markets like Indonesia and continued progress in the UAE, Alef Education remains focused on transforming education through AI and delivering meaningful value across the education ecosystem and to all our stakeholders.' Strong and Profitable Q1 Growth Builds on the FY 2024 Momentum Reinforcing its position as a trusted partner for governments and private schools in the UAE and globally, Alef Education continues to see strong demand for its suite of innovative, bespoke education solutions. In Q1 2025, the Company reported Revenues of AED 179.7 million, marking a 2% year-on-year ('YoY') increase. This was primarily based on the stable contributions from the core UAE portfolio, Abu Dhabi Department of Education and Knowledge ('ADEK') contract, and further driven by robust growth in other business and government contracts outside of ADEK, locally and internationally. Alef Education continued to execute on its growth strategy during Q1 2025, with a strong focus on revenue diversification. EBITDA rose 2% to AED 132.8 million in Q1 2025, with a market-leading margin of 74%. Net profit reached AED 115.3 million, reflecting a 2% YoY increase, supported by consistent revenue growth and a strong 64% margin, underscoring Alef Education's ongoing commitment to cost discipline and operational optimization. Alef Education's strong, unlevered balance sheet, solid financial foundation, and robust cash flow generation continue to support its growth strategy. With AED 402.6 million in cash, no debt and a low liabilities-to-assets ratio of 18%, the Company is well-positioned to fund growth ambitions, while sustaining consistent dividend distributions. A Core Foundation Further Enhanced by Strategic Growth & Strategic Alliances The Company's recent contract extension with ADEK provides significant revenue visibility until 2033, provisioning for a minimum of 80,000 students with a fixed fee per student. While the ADEK contract constitutes the core of Alef Education's business, the Company is actively pursuing an opportunistic global growth strategy, particularly considering high-margin and value accretive opportunities. To support its goals of geographic expansion, revenue diversification, and customer and product portfolio growth, Alef Education secured a substantial pipeline of high-value leads across both public and private sectors in the MENA region and internationally during Q1 2025. Supporting its focus on deepening public sector partnerships, Alef Education marks expansion into Morocco in support of the Education Reform Plan 2022–2026, and progress on the MOU with Nahdet Misr to collaborate across the GCC, Levant, and North Africa. Alef Education strengthened its footprint in Indonesia in Q1 2025, aligning with national digital education goals through high-level ministerial talks aimed at long-term collaboration. Strategic partnerships were also forged to advance human capital development and equip students with future-ready skills. Additionally, the Company engaged in ongoing strategic dialogue with the Senegalese government about a potential long-term collaboration, following the visit of Senegal's President to Alef Education in November 2024. Continuous Innovation Transforming Learning Outcomes To meet rising demand for its expanding product portfolio, Alef Education is developing new variants of Alef Pathways and enhancing its Arabic learning offerings with additional content and resources. As part of its innovation agenda, Alef Education partnered with MetaMetrics® to develop Miqyas Al Dhad, the region's first Arabic reading scale aimed at improving literacy for Grade 1–12 Arabic speakers. Created in collaboration with regional ministries, the initiative supports Alef Education's growth strategy by opening new, sustainable revenue streams in Arabic language proficiency. Now 86% complete, Miqyas Al Dhad has engaged over 110,000 students across nine countries, with seven MOUs signed to date. The launch is on track for Q3 2025. Consistent Shareholder Returns and Significant Value Creation Beyond driving growth, Alef Education's strong financial foundation allows the Company to deliver sustained value to shareholders through a transparent and robust dividend policy. In line with its IPO commitment, Alef Education guarantees a minimum annual dividend payout of AED 135 million to its 20% free-float investors for FY2024 and FY2025, distributed semi-annually. Alef Education holds a leading position in the UAE's K–12 EdTech space, deeply embedded in the national education framework via ADEK. With guaranteed payments from ADEK, the Company enjoys stable, predictable cash flows, enabling consistent dividend payouts with an attractive yield driving long-term shareholder value. Following the Annual General Meeting ('AGM') held on 27 March 2025, Alef Education successfully distributed a cash dividend of AED 199.2 million for H2 2024 in April 2025. This brought the total FY 2024 dividend payout to AED 402.8 million, representing 90% of the Company's full-year net profit, reflecting ~ 10% dividend yield with AED 135 million (~ 10 fils per share) being distributed to free float shareholders, and an equivalent amount is guaranteed for FY 2025, reflecting Alef Education's disciplined growth strategy. Outlook Alef Education enters the remainder of 2025 with a strong outlook, supported by long-term government contracts, a growing international presence, and continued innovation. Revenue is expected to witness 3-4% growth in FY 2025 YoY. EBITDA for the year is expected to increase by 8-9%, generating a higher margin of 70% backed by strict cost optimization efforts coupled with revenue growth. Similarly, Net Profit is expected to increase by 6-7% resulting in a strong and consistent margin of 60%. With predictable cash flows and a proven model, Alef Education is uniquely positioned to fuel innovation, scale globally, and lead the next era of digital learning, while sustaining attractive dividends and delivering long-term value to shareholders. AED millions Q1 2025 Q1 2024 % Change Revenues 179.7 176.7 1.7% Total Expenses 56.4 55.7 -1.3% EBITDA* 132.8 130.7 1.6% EBITDA Margin 74% 74% - Net Profit 115.3 113.0 2.0% Net Profit margin 64% 64% - * EBITDA is earnings before interest, tax, depreciation, amortization and lease expenses (interest and depreciation on right of use assets). About Alef Education Founded in 2016, Alef Education (ALEFEDT on the Abu Dhabi Stock Exchange) is an award-winning AI-powered learning solutions provider that is redefining the educational experience for K-12 students. The Company has established a strong presence in the education technology sector, operating in approximately 14,000 schools across the UAE, the US, Indonesia and Morocco. Its flagship AI-integrated Alef Platform offers personalised learning experiences to more than 1.4 million registered students, enabling them to work at their own pace and reach their full potential anytime, anywhere. With a 100% penetration rate in Cycle 2 (Grades 5-8) and Cycle 3 (Grades 9-12), Alef Education has a proven track record of improving student engagement and achievement, with test scores in Indonesia increasing by 8.5% in Arabic and maths. The award-winning Alef Platform provides AI-powered learning and teaching solutions that use real-time data to drive improvements across the education system. Alef Pathways is a student-centred, self-paced supplemental math program. Abjadiyat is an Arabic language learning platform that provides engaging and interactive content from kindergarten to Grade 4. Arabits is a complete Arabic learning system for non-native speakers that helps students of all ages learn, practice, and improve their Arabic language skills using AI. Alongside supporting students throughout their educational journey, Alef Education supports 65,000 educators with tools that enrich instruction and enable high-impact interventions to improve student learning outcomes. Alef Education promotes engagement, achievement and equity in learning, preparing students for success in an ever-evolving world. For more information, visit Contacts
Mid East Info
29-04-2025
- Business
- Mid East Info
Miqyas Al Dhad Holds Second Advisory Board Meeting with Regional and International Participation - Middle East Business News and Information
The Advisory Board of Miqyas Al Dhad convened its second virtual meeting in Abu Dhabi, bringing together dignitaries and representatives from educational institutions across the Arab world. During the meeting, the developments and strategic direction of the Miqyas Al Dhad programme were discussed. Currently under development, Miqyas Al Dhad is an innovative scale, which has been designed to advance Arabic literacy among students between grades 1 and 12. The programme is set to officially launch in Q3 2025, with the support of education ministries from across the Arab world. The initiative encompasses a universal framework that measures Arabic proficiency, accurately assessing the complexity of texts and the reading level of students, aligning them on the same scale. The meeting witnessed the participation of representatives from Ministries of Education of the UAE, Iraq, Jordan, Egypt, and Morocco, along with Tatweer Co. for Educational Services 'Talemia' from Saudi Arabia, Al-Azhar Al-Sharif from Egypt, and the Islamic World Educational, Scientific and Cultural Organization (ICESCO) as an observer. Dr. Aisha Al Yammahi, Strategic Advisor at Alef Education, opened the meeting with a keynote address, highlighting the significance of mutual commitment in supporting impactful initiatives, which can be beneficial for future generations, and help tackle prevalent challenges in reading and comprehension of Arabic. Dr. Al Yammahi further emphasized the significant development made by Miqyas Al Dhad in promoting literacy across the Arab world, becoming a part of a wider ecosystem aligned with national education strategies and initiatives across the Arab world. During the meeting, an overview of the programme's progress and strategic roadmap was presented, along with further developmental strategies. Mr. Eyad Darawsheh, General Manager of Miqyas Al Dhad, showcased the achievements of the programme, further highlighting the significant progress attained until date. He further stated that the project is projected to be completed by the third quarter of this year. Dr. Hanan Khalifa, Chair of the Expert Committee of Miqyas Al Dhad, shared the latest research and development updates, highlighting key innovations used in Miqyas Al Dhad. A roundtable discussion followed, during which participants offered their perspectives on key developments. At the conclusion of the meeting, the next steps were discussed, outlining key priorities and requisite actions to further develop and implement Miqyas Al Dhad. Mr. Salem Omar Salem, Regional Director of ICESCO, delivered the closing remarks, further reaffirming ICESCO's commitment to supporting initiatives that aim to enhance Arabic language education across the region. This meeting marks another significant milestone in the combined efforts to develop a comprehensive and reliable Arabic scale, provide objective tools to assess learners' reading skills and text suitability and foster mastery of the Arabic language across all subjects.
Zawya
29-04-2025
- Business
- Zawya
Miqyas Al Dhad holds second advisory board meeting with regional and international participation
Abu Dhabi: The Advisory Board of Miqyas Al Dhad convened its second virtual meeting in Abu Dhabi, bringing together dignitaries and representatives from educational institutions across the Arab world. During the meeting, the developments and strategic direction of the Miqyas Al Dhad programme were discussed. Currently under development, Miqyas Al Dhad is an innovative scale, which has been designed to advance Arabic literacy among students between grades 1 and 12. The programme is set to officially launch in Q3 2025, with the support of education ministries from across the Arab world. The initiative encompasses a universal framework that measures Arabic proficiency, accurately assessing the complexity of texts and the reading level of students, aligning them on the same scale. The meeting witnessed the participation of representatives from Ministries of Education of the UAE, Iraq, Jordan, Egypt, and Morocco, along with Tatweer Co. for Educational Services 'Talemia' from Saudi Arabia, Al-Azhar Al-Sharif from Egypt, and the Islamic World Educational, Scientific and Cultural Organization (ICESCO) as an observer. Dr. Aisha Al Yammahi, Strategic Advisor at Alef Education, opened the meeting with a keynote address, highlighting the significance of mutual commitment in supporting impactful initiatives, which can be beneficial for future generations, and help tackle prevalent challenges in reading and comprehension of Arabic. Dr. Al Yammahi further emphasized the significant development made by Miqyas Al Dhad in promoting literacy across the Arab world, becoming a part of a wider ecosystem aligned with national education strategies and initiatives across the Arab world. During the meeting, an overview of the programme's progress and strategic roadmap was presented, along with further developmental strategies. Mr. Eyad Darawsheh, General Manager of Miqyas Al Dhad, showcased the achievements of the programme, further highlighting the significant progress attained until date. He further stated that the project is projected to be completed by the third quarter of this year. Dr. Hanan Khalifa, Chair of the Expert Committee of Miqyas Al Dhad, shared the latest research and development updates, highlighting key innovations used in Miqyas Al Dhad. A roundtable discussion followed, during which participants offered their perspectives on key developments. At the conclusion of the meeting, the next steps were discussed, outlining key priorities and requisite actions to further develop and implement Miqyas Al Dhad. Mr. Salem Omar Salem, Regional Director of ICESCO, delivered the closing remarks, further reaffirming ICESCO's commitment to supporting initiatives that aim to enhance Arabic language education across the region. This meeting marks another significant milestone in the combined efforts to develop a comprehensive and reliable Arabic scale, provide objective tools to assess learners' reading skills and text suitability and foster mastery of the Arabic language across all subjects. About Arabic Scale Educational Consultancy Arabic Scale, also known as Miqyas Al Dhad, is an innovative company specializing in advanced educational assessment solutions for the Arabic language. Miqyas Al Dhad is an innovative framework designed to improve the literacy skills of K-12 Arabic speakers across the Arab World. It will provide a universal unit of measurement for the Arabic language, assessing both text complexity and student reading ability. The scale is scientifically based and developed by a team of psychometricians, researchers and educators with extensive experience and an understanding of the unique context of the Arab world, including its various dialects and cultural nuances.
Web Release
10-03-2025
- General
- Web Release
Miqyas Al Dhad Highlights Role of Arabic Reading Scale in Advancing Literacy at Sharjah International Education Summit
By Editor_wr On Mar 10, 2025 Miqyas Al Dhad, a strategic collaboration between Alef Education and MetaMetrics®, underscored the significance of structured linguistic frameworks and the integration of technology in advancing Arabic literacy at the fourth edition of the Sharjah International Summit on Improvement in Education. Miqyas Al Dhad was also recognized with an award in the esteemed presence of HE Dr. Muhadditha Al Hashimi, Chairperson of the Sharjah Private Education Authority and President of Sharjah Education Academy. This accolade highlights Miqyas Al Dhad's instrumental role as a Knowledge Partner in Arabic language education, reinforcing its contributions to enhancing Arabic literacy in the UAE and across the region. Eyad Darawsheh, General Manager of Miqyas al Dhad, said, 'We are honoured to participate in the Sharjah International Summit on Improvement in Education as it provided a valuable platform to showcase our innovative framework aimed at enhancing literacy skills for Arabic speakers across the Arab world. Receiving the award at the summit is a testament to our unwavering commitment to advancing educational standards and harnessing technology to support the development of the Arabic language. At Miqyas al Dhad, we remain dedicated to leveraging our expertise to drive transformative progress in Arabic language learning and educational advancement.' As part of its participation, Dr. Hanan Khalifa, Chief Academic Officer of Miqyas al Dhad, presented a session titled 'Standards, Frameworks, and Scales in Arabic Language Education.' The session emphasised the role of structured frameworks and proficiency scales in shaping curriculum design, assessment strategies, and instructional practices. Participants gained insights into how these frameworks support a cohesive and structured approach to language learning, ensuring alignment with global best practices while addressing the unique needs of Arabic learners. Furthering the conversation on transformative literacy solutions, Eyad Darawsheh presented a session titled 'Miqyas Al Dhad: Ambition of a Nation, Future of a Generation.' This session explored how the innovative reading scale is shaping the future of Arabic literacy through data-driven assessment tools and cutting-edge learning solutions. Additionally, Eyad participated in two separate sessions themed, 'The Future of Arabic: Collaboration for Excellence,' and 'Revolutionizing Assessment: Data-Driven Insights for Future Learning.' These sessions highlighted the power of collaboration, research, and technology in redefining Arabic language education and assessment. Comments are closed.
