FAB Maintains Alef Education at Buy Amid Q3 Earnings Beat

06:16 AM EST, 11/12/2026 (MT Newswires) -- FAB Securities kept its investment view on Alef Education (ADX:ALEFEDT) after its third-quarter financial performance. "We maintain our BUY rating on Alef Education with a target price of AED 1.45. Alef Education's 3Q26 performance was supported by continued execution under the ADEK partnership, higher Support and Services revenue, and expanding B2B and B2G engagement," analysts wrote Thursday in a first-look note. Thanks to higher revenue and interest income, the K-12 education technology company logged a 12.5% annual increase in net profit to 149 million Emirati dirhams, surpassing the FAB estimate of 137 million dirhams. Revenue, meanwhile, rose 13.1% annually to 244 million dirhams, compared with the research firm's 229 million-dirham estimate. "The Company highlighted the seasonal concentration of IT setup revenue between September and December, with stronger activity expected during 4Q26. The Company expects EBITDA and net profit to grow in line with revenue, supported by continued cost discipline and investment in platform enhancements," FAB added.