Slide 1: Exchange filing cover letter for investor presentation
Date: 16th October, 2025 To To National Stock Exchange of India Ltd BSE Limited Exchange Plaza, 5th Floor, C-1, Block G, 1st Floor, Phiroze Jeejeebhoy Towers Dalal Bandra Kurla Complex, Bandra (E), Street Mumbai – 400001 Mumbai 400051 Scrip Code: 544439 Symbol: CRIZAC Sub: Copy of Investor Presentat
Slide 2: Crizac Limited - Update on earnings for Q2 FY26
‘frizac MAKING EDUCATION EASY CRIZAC LIMITED (“Crizac”) Update on earnings for Q2 FY26 B2B education platform offering international student recruitment solutions to global institutions of higher education
Slide 3: Safe Harbor
Safe Harbor This presentation and the accompanying slides (the “Presentation”), which have been prepared by Crizac Ltd (the “Company”), have been prepared solely for information purposes and do not constitute any offer, recommendation or invitation to purchase or subscribe for any securities, and sh
Slide 4: Financial performance - Quarterly
Financial performance - Quarterly Revenue from Operations (INR Million) Operating EBITDA! (INR Million & % Margin) PAT (INR Million & % Margin) Growth ~25% 29.19% 39.00% 28.45% 24.89% QFY25 QIFY26 QFY26 QIFY26 Q2FY26 Q2FY25 Q1FY26 Q2FY26 1. Operating EBITDA does not include Other Income or Exception
Slide 5: # applications processed by geography
# applications processed by geography # applications processed by geograp! # applications processed FY21 32360 FY22 68260 FY23 152,539 9,97150¢24 701 FY24 192,230 42,105 27,143 1,024 FY25 165,541 85,376 22,091 2,889 ar - Q2FY26 45,962 37,897 147 India Asia (excluding India) W Africa W Others
Slide 6: Key financial parameters
Key financial parameters Financial KPIs Revenue from operations " (% million) Z million 1,622.52 2,095.35 1,298.80 8,494.91 Growth in Revenue from operations during the period @ % 2492 29.86 NA 33.81 Cost of Services ® (% million) Z million 91277 1,343.81 755.30 5,992.38 Cost of Services as % of Rev
Slide 7: Statement of Profit and Loss (Quarterly)
Statement of Profit and Loss (Quarterly) Particulars (X mn) | Q2FY26 ‘ Q1FY26 ’ Q2FY25 | % | Rationale for change Income Revenue from operations 1,622.52 2,095.35 1298.80 24.92% = Growth in enrolments Other income 76.37 76.70 68.17 12.03% | Increase in Interest Income from FDs Total income (1) 1,698
Slide 8: Summary - proforma consolidated P&L for past fiscal year and current and previous quarter
Summary - proforma consolidated P&L for past Fiscal year and current and previous quarter Particulars (X mn) Q2 FY26 Q1 FY26 Q2FY25 FY25 Income Revenue from Operations 1,622.52 2,095.35 1,298.80 8,494.91 Other Income 76.37 76.70 38.17 35285 Total Income 1,698.89 2,172.05 1336.97 8,847.76 Expenses Co
Slide 9: Summary - proforma consolidated balance sheet for past fiscals
Summary - proforma consolidated balance sheet for past 2 fiscals Particulars (X mn FY25 FY24 Particulars (X mn, FY25 FY24 Assets Equity and liabi Non-current assets Equity Property, Plant and Equipment 109.03 116.30 Equity Share Capital 34997 349.97 Intangible Asset 55435 93230 Other Equity 4,702.50
Slide 10: Summary - proforma consolidated cash flow statement for past 2 fiscals
Summary - proforma consolidated cash flow statement for past 2 fiscals Particulars (in INR Mn) A. Cash Flow from Operating Activities Profit/(Loss) before tax 2,024.40 1,877.72 Operating profit before working capital changes 2,194.84 744.52 Cash Generated from operations (after working capital chang
Slide 11: Crizac - An Introduction
Crizac - An Introduction
Slide 12: Overview
Crizac | B2B education platform’... Overview ' Founded in 2011 and headquartered in India, Crizac is a B2B education platform Key Financial Metrics - Proforma Consolidated Financials for agents and global institutions of higher education offering international student ) &F oNo sN- recruitment soluti
Slide 13: Student recruitment solutions across the higher education system
... which provides student recruitment solutions across the higher education system e Single-point-of-contact for global institutions of higher education which facilitates seamless management of the admission process A w e Crizac helps global institutions of higher education to manage diverse and di
Slide 14: Key milestones for the company
Key milestones for the company e Company was originally e Started working with e Commenced work with e Began working with e Started working with incorporated as ‘GA institutions from Ireland as a institutions from Canada as a institutions from New institutions from Australia as Educational Services
Slide 15: International education is a large market; top destinations accounting for ~50% of market size
International education is a large market; top 4 destinations accounting for ~50% of market size India and China are the major source countries with the US and UK being the major destinations International Education Market (2023) ' Spend on Foreign/Overseas Education Globally by Internationally mobi
Slide 16: B2B provider of international recruitment solutions
B2B provider of international recruitment solutions Q LA UK Market is a Strength Student recruitment solutions from India into the United Kingdom is Crizac’s strength as a result of its strong relationships * built over time with global institutions of higher education in the United Kingdom. ‘! l L[
Slide 17: Well entrenched relationship with global network of institutions of higher education (1/2)
Well entrenched relationship with global network of institutions of higher education (1/2) a 250"+ Global institutions of higher education primarily in 2-&& large Network Global Institutions % USA a of higher education : ?UK ‘ 'Ireland ‘*. Canada 2, DE MONTFORT 2y usveRsrTy o UNIVERSITY of ovent| @
Slide 18: Well entrenched relationship with global network of institutions of higher education (2/2)
Well entrenched relationship with global network of institutions of higher education (2/2) Strong relationships with global institutions — Services such as marketing, brand management and admission office management - creates an awareness about the institution experience of catering to global instit
Slide 19: Wide ranging network of educational agents for sourcing students for recruitment
Wide ranging network of educational agents for sourcing students for recruitment Wide ranging network of educational agents Application Processed — —— ~13,5007 agents globally who are registered on the proprietary technology platform. Processed 9.20 Lakh +2 student applications for enrolment into gl
Slide 20: Scalable proprietary technology platform
Scalable proprietary technology platform Majority of the applications are submitted through an automated system, streamlining the entire submission workflow Crizac Proprietary Technology Platform Key Tech Features Real Time Agent Rating: Automatically Ranks the Agents on a scale of 1-10 Applications
Slide 21: Experienced promoters supported by able professionals with strong domain expertise
Experienced promoters supported by able professionals with strong domain expertise Employees Geographic spread of the employees and consultants —_— —_— The department break-up of such Permanent Employees is as follows As on March 31, 2025, company had a team of 368 employees and 12 consultants in mu
Slide 22: Experienced promoters and senior management team
Experienced promoters and senior management team... Dr. Vikash Agarwal Manish Agarwal Christopher Flood Nagle | Chairman/ MD/ Promoter WTD & CFO/ Promoter CEO of Subsidiary - Crizac Ltd e ¥/ Total 20 years of experience in education consultancy e , Associated with Crizac since 2011 and total 14 year
Slide 23: Supported by advisory board and non-executive directors
...supported by advisory board and non-executive directors Maximus Armani - associated with the Christopher Mark Bustin - associated with international finance industry the global education industry Maire Caitlin Gallen - associated with the David John Caine - associated with the global education in
Slide 24: Thank you.
Thank you.