Ambitions Enterprise Management (AHMA) Registration Filing summary

Company overview and business model

• Operates as a holding company with subsidiaries in the UAE providing MICE management, one-stop tourism, and travel agency services, focusing on event planning, travel arrangements, and personalized itineraries for corporate and individual clients.

• Revenue streams include MICE management service fees, one-stop tourism service fees, commissions for transportation ticketing and accommodation, and other travel-related services.

• Subsidiaries have managed over 800 events with more than 100 participants and 40 events with over 1,000 attendees, serving over 300 clients across various sectors.

• Business model leverages partnerships with hotels, restaurants, and service providers to offer comprehensive packages and maintain cost efficiency.

Financial performance and metrics

• Revenue for the years ended December 31, 2024 and 2023 was $18.5 million and $18.6 million, respectively.

• Net income was $1.0 million in 2024 and $1.4 million in 2023.

• Gross profit increased by 25.8% to $4.4 million in 2024, with a gross margin improvement due to cost optimization.

• Cash and cash equivalents as of December 31, 2024 were $1.3 million, with positive operating cash flow of $1.2 million in 2024.

• No customer accounted for more than 10% of revenue in 2024; in 2023, two customers accounted for 20.8% and 11.1% of revenue.

Use of proceeds and capital allocation

• Net proceeds of approximately $4.55 million expected, assuming a $4.00 per share offering price.

• 40% allocated to development of new travel itineraries, 25% to global market expansion (Europe and Australia) via acquisitions and new subsidiaries, 10% to development of digital tourism robots, and 25% to working capital and general corporate purposes.

• Management has broad discretion over use of funds and may adjust allocations based on business needs.