Zaggle Prepaid Ocean Services Limited · NSE:ZAGGLE
Zaggle Prepaid Ocean Services — Q1 FY2026 Earnings Presentation
32 slides from Zaggle Prepaid Ocean Services's earnings presentation, Aug 14, 2025
Slide 1: Exchange filing cover letter for investor presentation
ZAGGLE/25-26/47 August 14, 2025 To To Listing Department The Corporate Relations Department NATIONAL STOCK EXCHANGE OF INDIA LIMITED BSE LIMITED Exchange Plaza, Plot No C/1, G Block Phiroz Jeejeebhoy Towers, Bandra Kurla Complex, Bandra (East), 25th Floor, Dalal Street, Mumbai -400 051, Maharashtra
Slide 2: Investor Presentation
Investor Presentation Zaggle Prepaid Ocean Services Limited August 2025 1
Slide 3: Safe harbor
Safe harbor This presentation and the accompanying slides (the “Presentation”), which have been prepared by Zaggle Prepaid Ocean Services Limited (the “Company”), have been prepared solely for information purposes and do not constitute any offer, recommendation or invitation to purchase or subscribe
Slide 4: From the Founder's desk
From the Founder’s desk… “I am delighted to share that we have begun the year on a solid note, with Q1FY26 revenues reaching INR 3,314.9 Mn, a 31.4% YoY growth, along with an adjusted EBITDA margin of 9.9% and a PAT margin of 7.8%. This is by far our best first-quarter performance, despite being a s
Slide 5: Performance Highlights
@ Zaggle® Performance Highlights
Slide 6: Healthy financial performance across metrices
Healthy financial performance across metrices ₹ 3,314.9 Mn ₹ 327.2 Mn ₹ 258.8 Mn ₹ 346.7 Mn Q1 FY26 YoY + 31.4% YoY + 27.9% YoY + 54.8% YoY + 57.6% Revenue from Adjusted EBITDA PAT Cash PAT operations (before ESOP) • Above performance represents standalone financials 5
Slide 7: Quarterly financial highlights
Quarterly financial highlights Revenue from operations (₹ Mn) Gross Profit (₹ Mn) 31.4% 15.5% 3,315 1,637 2,522 1,418 Q1FY25 Q1FY26 Q1FY25 Q1FY26 Adjusted EBITDA (₹ Mn) Reported EBITDA (₹ Mn)* Cash PAT (₹ Mn) PAT + Depreciation & Amortization + ESOP Expense 27.9% 37.7% 57.6% 327 309 347 256 224 220
Slide 8: Key operational performance indicators
Key operational performance indicators Total customers catered to (number) Aggregate users on the platform (million) 14.0% +17.3% 3,559 3,119 3.3 2.8 KPIs Q1FY25 Q1FY26 Q1FY25 Q1FY26 Software Fees Program fees Propel platform revenue +50.6% +14.6% 1,759 1,455 Revenue +19.8% 1,269 1,168 Mix 101 (₹ Mn
Slide 9: Profit and loss statement (standalone)
Profit and loss statement (standalone) Particulars (₹ Million, unless stated otherwise) Q1FY26 Q1FY25 YoY Q1FY26 – Key Highlights Revenue from operations: 3,314.9 2,522.1 31.4% Cost of point redemption / gift cards 1,675.4 1,100.6 Highest ever revenue in the first quarter Consumption of cards 2.4
Slide 10: Quarterly revenue contribution
Quarterly revenue contribution (Q3 &Q4 are higher revenue quarters) 4,114.0 FY23 FY24 FY25 FY26 3,314.9 3,364.0 3,026.0 2,734.0 2,522.0 1,995.0 1,842.0 1,869.0 1,476.0 1,303.0 1,185.0 Revenue 886.0 from operations (₹ Mn) Q1 Q2 Q3 Q4 Revenue 16.0% 15.3% 19.4% 23.5% 23.8% 23.2% 26.7% 25.7% 25.8% 33.8%
Slide 11: Strategic Alliances
Strategic Alliances Contract brief Duration The collaboration with Mesh Payments enhances our offering to Indian customers looking to Mesh Payments ► streamline global expenses and also helps to unlock and access global go-to-market 3 Years opportunities We have further strengthened our partnership
Slide 12: Recent customers wins for growth
Recent customers wins for growth Contract brief Duration Zaggle would provide Mo engage India Private Limited the Zaggle Save (Employee expense Mo Engage India ► Perpetual management & benefits) Zaggle would provide DTDC Express Limited, Zaggle Zoyer & Zaggle Save (Employee expense DTDC Express ► 5
Slide 13: What we do
aggle” What we do
Slide 14: Zaggle: #1 Spend Management company in India
Zaggle: #1 Spend Management company in India What we have built SaaS Fintech 3,500+ 3.3 Mn+ Corporates Users ` Sales Commission ( < 1.5% Churn) Channel Management Sales Sales Fleet 50 Mn+ Partner / Corporate Cards issued Spends Need #1 Prepaid Card Multilingual GDPR Products are issuer in country in
Slide 15: Monetization with strong network effect
… with strong network effect Key Partners Banking Network Partners VAS Banking licenses & Pmt. instrument Resell Zaggle Key customers Comprehensive Monetization Sell software Monetize GTV Corporates - SaaS fees Users / deals Partners - Program fees Corporates Merchants User base Software / users mon
Slide 16: Omni Channel Offerings
Omni Channel Offerings Offering a combination of payment instruments, mobile application and API integrations Co – Branded Zaggle App to Cards Manage Spends with Banks Omni Channel Multiple Banks Offerings Dashboard to & network manage partners reporting & analytics Note: The Brand Names and Logos m
Slide 17: Innovative Product Offerings
Innovative Product Offerings Comprehensive suite of products for a large & growing addressable market Rewards & recognition platform Channel rewards and Employee expense incentives management & benefits Employee rewards and Expense Management recognition Embedded-finance Employee Reimbursements Inte
Slide 18: Supercharging Channel Partner Performance
– Supercharging Channel Partner Performance Key Features Seamless Partner Onboarding Scheme Management Campaign Management - QR Scan & Earn, Scratch & Win Metric-Based Incentive Computation Lead Management Leaderboards and Achievements Payments / Redemption Solutions Revenue Streams Automated Claim
Slide 19: Digitize Employee Expense, Reimbursements & Benefits
– Digitize Employee Expense, Reimbursements & Benefits Key Features Automatic Expense Reporting Mobile-First Experience (Intuitive App with Smart OCR) Seamless Transaction Reconciliation against Scanned Receipts Set Up Policies & Limits Easily Consolidated Statement for the Admin and Individual stat
Slide 20: Digitized Vendor Procure-to-Pay Solutions
– Digitized Vendor Procure-to-Pay Solutions Key Features Seamless Petty Cash Management Through The Mobile App & Corporate Credit/Prepaid Card Consolidated Statement for The Admin and Individual Statement for Every User Multiple Billing Cycles to Match Corporate Expense Management Requirements Contr
Slide 21: Recent innovations
Recent innovations Zaggle Fleet Management International Payments (ZIP) Intelligent Spend Analytics Platform Managing Fleet Expenses Efficiently Simplifying Global Transactions Newly launched analytics platform, designed to Fleet program offers a spend management ZIP ensures seamless international p
Slide 22: Inorganic initiatives to strengthen the business portfolio
Inorganic initiatives to strengthen the business portfolio Overview Transaction Details One of the largest income tax and e-filing companies specializing in digital solutions for tax and accounting. Operates under the brand “TaxSpanner” Stake: 98.3% Span Across IT ► This transaction strengthens Zagg
Slide 23: Seasoned management team and board (1/2)
Seasoned management team and board (1/2) Leadership Dr. Raj P Narayanam Avinash Ramesh Godkhindi Founder and Executive Chairman Managing Director and CEO • Founded Zaggle in 2011 with a vision to simplify corporate • Leading Zaggle’s growth ; Served on the board of the company since spends 2012 • Ho
Slide 24: Seasoned management team and board (2/2)
Seasoned management team and board (2/2) Board of Directors Abhay Deshpande Raosaheb Independent Director • 20+ years of experience in Financial banking • Directorships: Rapidue Technologies, • Co-founder of Markjack which he exited post • PhD Economics and engineering from the Payswiff Technologies
Slide 25: Zaggle in a nutshell
Zaggle in a nutshell Seasoned management team Seasoned Multi-product SaaS based platform with a and board team strategy comprehensive product stack Robust Revenues from operations in FY25 Technology financial In-house technology with strong have grown y-o-y at 68.0% with a and metrics network effect
Slide 26: Historical financials
aggle” Historical financials
Slide 27: Historical financial and operating metrics
Historical financial and operating metrics Corporate customers Aggregate users (1) (Mn) Revenue from operations (₹ Mn) 3.28 13,026 3,455 3,016 2.73 2,411 2.27 7,756 1,753 1.72 5,535 1,092 0.90 3,713 2,400 FY2021 FY2022 FY2023 FY2024 FY2025 FY2021 FY2022 FY2023 FY2024 FY2025 FY2021 FY2022 FY2023 FY20
Slide 28: Historical profit and loss statement (standalone)
Historical profit and loss statement (standalone) Particulars (₹ Million, unless stated otherwise) FY25 FY24 FY23 FY22 FY21 Revenue from operations 13,026.5 7,756.0 5,534.6 3,712.5 2,399.7 Gross Profit 6,228.5 3,946.5 2,328.3 2,259.6 2,087.9 Gross Profit Margin 47.8% 50.9% 42.0% 60.8% 87.0% Employee
Slide 29: Historical balance sheet (standalone)
Historical balance sheet (standalone) Particulars (Rs. in Millions) 2025 2024 2023 2022 2021 Particulars (Rs. in Millions) 2025 2024 2023 2022 2021 ASSETS EQUITY AND LIABILITIES Non-current assets EQUITY Property, plant and equipment 396.83 25.32 23.5 19.8 9.5 Equity share capital 134.21 122.49 92.2
Slide 30: Annexure
Annexure 29 29
Slide 31: Key awards, accreditations and recognitions
Key awards, accreditations and recognitions Pioneering Great Indian Fintech Brand of FinTech B2B FinTech Telangana the Year Award Innovation in Brand Award Best at 5th Edition BW Spend organised by Employer Businessworld Management Transformance Brand Fintech Awards at the 5th Awards 2025 Edition of
Slide 32: Thank you
Thank you Company Zaggle Prepaid Ocean Services Limited CIN: L65999TG2011PLC074795 Hari Priya, Company Secretary & Compliance Officer Email id: Investor.Relations@zaggle.in Investor Relations Advisor Strategic Growth Advisors Pvt Ltd. CIN: U74140MH2010PTC204285 Shikha Puri / Srushti Pathak Email id:
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