Company: ALAR
Filing Date: 2025-03-20
Form Type: 20-F
Source: 0001213900-25-025287
Chunk: 63

Company: Alarum Technologies Ltd.
Filing Date: 2025-03-20
Form: 20-F
Item: Item 5
Chunk 63
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 and more.

Key Business Metric

We monitor the key business
metrics set forth below to help us evaluate and establish budgets, measure the effectiveness of our sales and marketing efforts, and assess
operational efficiencies. Our key non-IFRS business metrics are EBITDA (EBITDA loss), Adjusted EBITDA (Adjusted EBITDA loss), and non-IFRS
net profit (loss).

EBITDA or EBITDA loss. We define EBITDA (EBITDA loss) as net profit (loss) before depreciation, amortization and impairment of intangible assets, financial income
(expense) and income tax.

Adjusted EBITDA or Adjusted
EBITDA loss. We define Adjusted EBITDA (Adjusted EBITDA loss) as EBITDA (EBITDA loss) as further adjusted to remove the impact of
(i) impairment of goodwill (if any); and (ii) share-based compensation.

Non-IFRS net profit (loss).
We define non-IFRS net profit (loss) as net profit (loss) before depreciation, amortization and impairment of intangible assets, impairment
of goodwill, financial income (expense) effects primarily related to derivative financial instruments and long-term loan, deferred tax
effects and share-based compensation.

We
believe the non-IFRS financial information provided in this report is useful to investors’ understanding and assessment of the Company’s
ongoing operations. Management also uses both IFRS and non-IFRS information in evaluating and operating its business internally,
and as such, deemed it important to provide this information to investors. The non-IFRS financial measures disclosed by the Company
should not be considered in isolation, or as a substitute for, or superior to, financial measures calculated in accordance with IFRS,
and the financial results calculated in accordance with IFRS and reconciliations to those financial statements should be carefully evaluated. Investors
are encouraged to review the reconciliations of these non-IFRS measures to their most directly comparable IFRS financial measures provided
in the financial statement tables herein.

The following tables present
the reconciled effect of the above on the Company’s Adjusted EBITDA and non-IFRS net profit for the year ended December 31, 2024,
and 2023:

                                                                      December 31,                      
  U. S. dollars in millions                                                   2024                      
  Net profit (loss) from continuing operations                                           5.8      (5.6