Adani Ports & Special Economic Zone Ltd · NSE:ADANIPORTS
Adani Ports & Special Economic Zone — Q3 FY26 Earnings Presentation
65 slides from Adani Ports & Special Economic Zone's earnings presentation, Feb 3, 2026
Slide 1: Exchange submission letter for media release and investor presentation
Ref No: APSEZL/SECT/2025-26/135 February 3, 2026 BSE Limited National Stock Exchange of India Limited Floor 25, P J Towers, Exchange Plaza, Dalal Street, Bandra Kurla Complex, Mumbai – 400 001 Bandra (E), Mumbai – 400 051 Scrip Code: 532921 Scrip Code: ADANIPORTS Sub: Submission of Media Release and
Slide 2: APSEZ Q3 FY26 EBITDA up 20% YoY; media release
Annexure - A BSE: 532921 | NSE: ADANIPORTS | Bloomberg: ADSEZ:IN | Reuters: APSE.NS APSEZ Q3 FY26 EBITDA up 20% YoY to ₹5,786 Cr, increases FY26 EBITDA guidance by ₹800 Cr • Q3 FY26 revenue at ₹9,705 Cr, +22% YoY • Asset-light services drive Q3 FY26 Logistics revenue to ₹1,121 Cr (+62% YoY), Interna
Slide 3: Business segment performance trajectory and FY26 guidance update
BSE: 532921 | NSE: ADANIPORTS | Bloomberg: ADSEZ:IN | Reuters: APSE.NS Business segment performance trajectory Revenue Q3 Q3 Q3 Q3 EBITDA Q3 Q3 Q3 Q3 (₹ Cr) FY23 FY24 FY25 FY26 (₹ Cr) FY23 FY24 FY25 FY26 Domestic Ports 3,784 5,371 5,826 6,701 Domestic Ports 2,661 3,843 4,256 4,877 International Port
Slide 4: Performance highlights
BSE: 532921 | NSE: ADANIPORTS | Bloomberg: ADSEZ:IN | Reuters: APSE.NS Performance highlights Global leadership: Global integrated multi-modal value chain enabler with 653 MTPA capacity. Well on track to deliver 1 billion tonnes throughput by 2030, driven by ongoing capacity expansion (e.g. Vizhinja
Slide 5: Financial highlights
BSE: 532921 | NSE: ADANIPORTS | Bloomberg: ADSEZ:IN | Reuters: APSE.NS stable EBITDA margins (73.7% in 9M FY26 vs. 72.8% in 9M FY25), demonstrating strong business resilience Financial highlights ● Debt management: Gross debt (including NQXT but excluding NQXT’s non-core liabilities – final sharehol
Slide 6: Multi-modal logistics expansion and marine fleet development
BSE: 532921 | NSE: ADANIPORTS | Bloomberg: ADSEZ:IN | Reuters: APSE.NS 2. Multi-modal logistics expansion ● Groundbreaking of 70-acre, 1.3 Mn sq. ft. logistics park in Kochi with investment of ₹600 Cr; strategically located park will generate 1,500+ jobs and cater to e-commerce, FMCG/FMCD, pharmaceu
Slide 7: ESG excellence
BSE: 532921 | NSE: ADANIPORTS | Bloomberg: ADSEZ:IN | Reuters: APSE.NS ESG excellence 1. Environmental leadership ● APSEZ signed up to the TNFD as an Adopter and has committed to address nature-related dependencies, impacts, risks, and opportunities, in line with the TNFD recommendations. APSEZ is I
Slide 8: About APSEZ
BSE: 532921 | NSE: ADANIPORTS | Bloomberg: ADSEZ:IN | Reuters: APSE.NS About APSEZ APSEZ, part of the globally diversified Adani Group, a leading Integrated Transport Utility--across cargo origination (International Freight Network) through port handling, rail transport, multi-modal logistics parks,
Slide 9: Results presentation – Q3 & 9M FY26
Annexure - B Adani Ports and Special Economic Zone Limited Results presentation – Q3 & 9M FY26 3rd February 2026
Slide 10: Contents
Contents 1 Group profile 2 APSEZ profile 3 Q3 & 9M FY26 performance highlights 4 Historical snapshot & FY26 guidance 5 Annexure 2
Slide 11: Group profile
1 Group profile STRICTLY CONFIDENTIAL
Slide 12: Adani Portfolio: A World Class Infrastructure & Utility Portfolio
Adani Portfolio: A World Class Infrastructure & Utility Portfolio Flagship Infrastructure & Utility Core Portfolio Primary Industry Other Incubator Materials, Metal Energy & Utility Transport & Logistics Specialty & Mining (73.97%) (62.43%) (74.96%) (68.02%) (67.64%)4 AEL1 AGEL APL APSEZ3 Ports & Lo
Slide 13: Adani Portfolio: Best-in class growth with national footprint
Adani Portfolio: Best-in class growth with national footprint All figures in INR cr Predictable, high and rising free cash flow National footprint with deep coverage Tax paid EBITDA Finance cost paid 92,943 CAT (FFO) 65,016 (74%) EBITDA 24,870 12,784 AEL (51%) 22,819 APSEZ (21%) Adani’s Core Infra.
Slide 14: Adani Portfolio: Repeatable, robust & proven transformative model of investment
Adani Portfolio: Repeatable, robust & proven transformative model of investment DEVELOPMENT1 OPERATIONS CONSUMERS 2 New C.E.O. Adani Infra (India) Limited | Cemindia Projects Ltd. | PSP Projects Ltd. Operations (AIMSL) Consumer I Employees I Other Stakeholders Origination Site Development Constructi
Slide 15: APSEZ profile
2 APSEZ profile STRICTLY CONFIDENTIAL
Slide 16: APSEZ is an Integrated Transport Utility
APSEZ is an Integrated Transport Utility: We leverage Ports, Logistics and Marine assets to deliver tech-enabled solutions We deliver transport solutions across the supply chain International Freight Network Services 1 Marine services Ports Trains & Tracks MMLPs Warehouses Trucks Customer gate ~65-7
Slide 17: Ports: India's largest private port operator with select global presence
Ports: We are India’s largest private port operator with select global presence 15 ports in India with a total capacity of 653 MMT 4 international ports in Israel (Haifa), Tanzania (Dar es Salaam), Sri Lanka (Colombo) and Australia (North Queensland) Bulk terminals & ports Bulk terminals & ports Wes
Slide 18: Logistics: Diverse asset portfolio delivers pan-India shore-to-door solutions
Logistics: Diverse asset portfolio delivers pan-India “shore-to-door” solutions APSEZ specializes in retail, industrial, container, bulk, liquids, auto, and grain logistics Pan-India Logistics presence across MMLPs, warehouses and agri-silos 12 MMLPs Present near key industrial segments Moga Kanech
Slide 19: Marine: Targeting opportunities in the MEASA waters
Marine: Targeting opportunities in the MEASA waters Marine business timeline 2022 2023 2024 FY 2027 Acquired Ocean Incorporated TAHID Acquired Astro 3x revenue Sparkle Ltd Offshore growth 1 Marine strategy Diversified marine fleet Profitable operations, high Focused on MEASA region Tier-1 customers
Slide 20: Well-connected land bank at ports support industry cluster development
Well-connected land bank at ports support industry cluster development; we have also invested in land bank for future Logistics use SEZ land bank Strategic investment in landbank Mundra land bank: ~12,500 Ha near industrial clusters • Rail: 64 km dedicated electrified Mundra- MMLPs present in proxim
Slide 21: Q3 & 9M FY26 performance highlights
3 Q3 & 9M FY26 performance highlights STRICTLY CONFIDENTIAL
Slide 22: Ports, Logistics, Marine offer unmatched shore-to-door capabilities
Ports, Logistics, Marine offer unmatched “shore-to-door” capabilities Pan-India footprint Key metrics Key asset details Bulk terminals & ports Q3 FY26 9M FY26 Domestic ports Container terminals & ports Multipurpose terminals & ports MMLPs Warehouse 15 Ports & terminals 27.4% All-India cargo Agri Sil
Slide 23: Performance snapshot – Q3 & 9M FY26
Performance snapshot – Q3 & 9M FY26 (in ₹ Cr) Q3 FY26 vs. Q3 FY25 consolidated performance Revenue EBITDA PAT 1 9,705 5,786 3,043 22% 20% 21% 7,964 4,802 2,518 Q3 FY26 EBITDA margin – 60% vs. 60% 9M FY26 vs. 9M FY25 consolidated performance Revenue EBITDA PAT 1 27,998 16,832 9,474 24% 20% 18% 22,590
Slide 24: Domestic & International ports – Q3 FY26 vs. Q3 FY25
Domestic & International ports – Q3 FY26 vs. Q3 FY25 performance (in ₹ Cr) Q3 FY26 Q3 FY25 1 Domestic ports ▪ Cargo growth - 6% YoY (113 MMT vs.106 MMT) Revenue 6,701 15% YoY ▪ Growth driven by containers - 11% YoY (3.1 MTEUs vs. 2.8 MTEUs) 5,826 ▪ Q3 FY26 All-India cargo market share - 26.4% EBITDA
Slide 25: Domestic & International ports – 9M FY26 vs. 9M FY25
Domestic & International ports – 9M FY26 vs. 9M FY25 performance (in ₹ Cr) 9M FY26 9M FY25 1 Domestic ports Revenue 19,189 15% YoY 16,678 ▪ Cargo growth - 6% YoY (339 MMT vs. 319 MMT) ▪ Growth driven by containers - 11% YoY (9.1 MTEUs vs. 8.3 MTEUs) EBITDA Margin – 73.7% 14,146 16% YoY ▪ 9M FY26 All
Slide 26: Logistics – Q3 FY26 vs. Q3 FY25 performance
Logistics – Q3 FY26 vs. Q3 FY25 performance (in ₹ Cr) Revenue 62% YoY EBITDA 26% YoY Q3 FY26 – ₹1,121 Cr Q3 FY25 – ₹693 Cr Q3 FY26 – ₹203 Cr Q3 FY25 – ₹161 Cr 0.4 106 14 24 10 374 22 537 210 573 157 150 Trucking International Freight Network Other logistics EBITDA margin (%) Q3 FY26 Q3 FY25 Notes Lo
Slide 27: Logistics – 9M FY26 vs. 9M FY25 performance
Logistics – 9M FY26 vs. 9M FY25 performance (in ₹ Cr) Revenue 81% YoY EBITDA 38% YoY 9M FY26 – ₹3,345 Cr 9M FY25 – ₹1,852 Cr 9M FY26 – ₹635 Cr 9M FY25 – ₹461 Cr 7.1 0.4 14 198 58 1,034 54 1,717 594 1,639 523 453 Trucking International Freight Network Other logistics EBITDA margin (%) 9M FY26 9M FY25
Slide 28: Marine, Port development & SEZ – Q3 FY26 vs. Q3 FY25
Marine, Port development & SEZ – Q3 FY26 vs. Q3 FY25 performance (in ₹ Cr) Q3 FY26 Q3 FY25 1 Marine Revenue 773 Revenue growth driven by vessel additions 91% YoY 406 Vessel count as of 30th September 2025 127 Add: New vessels purchased 2 EBITDA Margin – 55.3% 428 135% YoY 182 Margin – 44.9% Vessel c
Slide 29: Marine, Port development & SEZ – 9M FY26 vs. 9M FY25
Marine, Port development & SEZ – 9M FY26 vs. 9M FY25 performance (in ₹ Cr) 9M FY26 9M FY25 1 Marine Revenue 1,955 Revenue growth driven by vessel additions 150% YoY 784 Vessel count as of 31st March 2025 115 Add: New vessels purchased 14 EBITDA Margin – 54.4% 1,063 208% YoY 345 Vessel count as of 31
Slide 30: Key ports revenue & EBITDA – Q3 FY26 vs. Q3 FY25
Key ports revenue & EBITDA – Q3 FY26 vs. Q3 FY25 Revenue EBITDA EBITDA % ₹ Cr Q3 FY26 Q3 FY25 Q3 FY26 Q3 FY25 Q3 FY26 Q3 FY25 Mundra 1,860 2,184 1,321 1,645 71% 75% Dhamra 568 553 304 357 53% 65% Hazira 543 505 369 355 68% 70% Krishnapatnam 771 668 473 333 61% 50% Kattupalli 101 98 57 63 57% 65% Kar
Slide 31: Key ports revenue & EBITDA – 9M FY26 vs. 9M FY25
Key ports revenue & EBITDA – 9M FY26 vs. 9M FY25 Revenue EBITDA EBITDA % ₹ Cr 9M FY26 9M FY25 9M FY26 9M FY25 9M FY26 9M FY25 Mundra 5,757 5,877 4,066 3,972 71% 68% Dhamra 1,563 1,718 802 1,066 51% 62% Hazira 1,552 1,424 1,130 1,033 73% 73% Krishnapatnam 2,345 2,251 1,489 1,425 64% 63% Kattupalli 29
Slide 32: JV financial performance
JV financial performance (in ₹ Cr) JV quarterly performance1 Q3 FY26 Q3 FY25 Particulars Revenue EBITDA PAT Revenue EBITDA PAT APSEZ Consolidated 9,705 5,786 3,043 7,964 4,802 2,518 JVs AICTPL (CT-3), JV with MSC 565 314 207 439 233 118 ACMTPL (CT-4), JV with CMA-CGM 270 149 84 241 136 63 Dhamra LNG
Slide 33: Investment grade, deleveraged balance sheet with capital markets track record
APSEZ has an investment grade, deleveraged balance sheet with significant capital markets track record Gross debt1, net debt1 & average maturity (in ₹ Cr) Net Debt to EBITDA 53,097 49,819 7.0 45,453 46,279 45,810 3.3 6.0 41,290 3.0 3.1 40,072 Including NQXT debt; See 34,401 5.5 36,462 36,819 5.6 Not
Slide 34: JCR rated APSEZ A- with Stable outlook; Moody's outlook revised
JCR rated APSEZ “A-” with Stable outlook, a notch above India’s sovereign rating. Moody’s revised rating outlook to ‘Stable’ from ‘Negative’, while reaffirming “Baa3” status Global rating agencies Domestic rating agencies Baa3 / Stable AAA / Stable BBB- / Positive AAA / Stable BBB- / Stable AAA / St
Slide 35: Segment-wise RoCE
Segment-wise RoCE 1 2 APSEZ (Consolidated) Domestic ports Marine 24% 16% 15% 21% 13% 19% 15% 14% 12% 15% 13% 12% FY23 FY24 FY25 H1 FY26 FY23 FY24 FY25 H1 FY26 FY23 FY24 FY25 H1 FY26 The following gestating businesses are expected to achieve threshold RoCE in 3-4 years Logistics International ports 9
Slide 36: Domestic port RoCE
Domestic port RoCE 40% 39% 39% 38% 36% 33% 33% 31% 27% 24% 22% 22% 21% 20% 20% 20% 20% 19% 18% 16% 15% 13% 12% 11% 11% 10% 9% 7% 7% 6% 4% Mundra Hazira Dahej Dhamra Katupalli Krishnapatnam Gangavaram Karaikal FY23 FY24 FY25 H1 FY26 28
Slide 37: Long-term debt maturity profile
Long-term debt maturity profile (as of 31st December 2025) (in ₹ Cr) Actual Proforma Proforma figure using TTM 10,334 EBITDA of NQXT 1 FFO (TTM Dec’25) ₹17,759 Cr ₹18,499 Cr 9,255 8,774 FFO (TTM Dec’25) + Cash (9M FY26) ₹29,565 Cr ₹30,306 Cr 6,069 4,785 3,979 4,044 1,000 1,000 1,000 1,000 1,000 622
Slide 38: 9M FY26 highlights
9M FY26 highlights • Global leadership: o Global integrated multi-modal value chain enabler with 653 MTPA capacity. Well on track to deliver 1 billion tonnes throughput by 2030, driven by ongoing capacity expansion (e.g. Vizhinjam Phase 2, Dhamra two new berths, Mundra liquid and container terminals
Slide 39: 9M FY26 highlights
9M FY26 highlights • International expansion: APSEZ completed the acquisition of NQXT Australia. With a capacity of 50 MTPA, NQXT is a cash generating asset that consolidates APSEZ’s international presence along the East-West trade corridor • Marine fleet expansion: Marine fleet stands at an all-tim
Slide 40: 9M FY26 highlights: Port capacity expansion
9M FY26 highlights Port capacity expansion • Completed the acquisition of NQXT Australia. With a current capacity of 50 MTPA, NQXT is a strategic high-growth, cash-generating asset that will expand APSEZ’s international portfolio along the East-West trade corridor • Commenced Phase 2 construction at
Slide 41: 9M FY26 highlights: Multi-modal logistics expansion
9M FY26 highlights Multi-modal logistics expansion • Groundbreaking of 70-acre, 1.3 Mn sq. ft. logistics park in Kochi with investment of ₹600 Cr; strategically located park will generate 1,500+ jobs and cater to e-commerce, FMCG/FMCD, pharmaceuticals, retail sectors • Received approval to commence
Slide 42: 9M FY26 highlights: Financial highlights
9M FY26 highlights • Debt management: Gross debt (including NQXT but excluding NQXT’s non-core liabilities – final shareholder approval for its realization of non-core liabilities has been obtained on February 2, 2026) at ₹53,097 Cr. Cash balance (including NQXT) at ₹11,807 Cr. Net debt / EBITDA for
Slide 43: 9M FY26 highlights: Record operational performance
9M FY26 highlights Record operational performance • Mundra Port has become the first Indian port and amongst a select few ports globally to handle a fully laden Very Large Crude Carrier (VLCC) that berthed directly at the jetty. The 400-meter-long jetty, equipped with two crude unloading arms, can h
Slide 44: 9M FY26 highlights: Environmental leadership
9M FY26 highlights Environmental leadership • APSEZ signed up to the TNFD as an Adopter and has committed to address nature-related dependencies, impacts, risks, and opportunities, in line with the TNFD recommendations. APSEZ is India’s first Integrated Transport Utility to embrace the TNFD framewor
Slide 45: 9M FY26 highlights: Awards and recognition
9M FY26 highlights • Mundra Port was recognized amongst the top 20 container ports in the world in the inaugural DNV-Menon Economics Leading Container Ports report. Mundra was ranked #1 in the Indian subcontinent. Globally, Mundra was ranked 4th in berth utilization, 9th in growth momentum and among
Slide 46: ESG updates
ESG updates Material Topic 2025 Targets Key ESG Initiatives/Achievements UN SDGs Environment: Climate Change Reduction in energy intensity1 • Reduction in energy intensity1 achieved in 9M FY26 is 57% • Renewable share in total electricity in 9M FY26 is 21% 50% • Water consumption intensity1 reductio
Slide 47: Cargo volume Q3 & YTD FY26
Cargo volume Q3 & YTD FY26 APSEZ total volume (in MMT) Q3 FY26 Q3 FY25 YoY 9M FY26 9M FY25 YoY Domestic volume 112.6 106.5 6% 339.3 318.7 6% International volume 10.5 6.0 75% 27.9 13.6 105% APSEZ volume 123.1 112.5 9% 367.3 332.4 11% Sticky cargo share in Q3 FY26 – 51%; in 9M FY26 – 53% Container vo
Slide 48: Diversified cargo portfolio – Q3 FY26
Diversified cargo portfolio – Q3 FY26 47% 43% 42% 38% 38% 37% 30% 28% 26% 23% 24% 20% 17% 16% 15% 17% 15% 13% 9% 9% 8% 8% 7% 7% 8% 8% 6% 6% 7% 5% 3% 3% 3% 2% 2% 2% 1% 0% 1% 2% 2% 2% FY21 FY22 FY23 FY24 FY25 Q3 FY26 Coking coal Thermal coal Dry (Other than coal) Liquid (excl. Crude) Crude Gas Contain
Slide 49: Diversified cargo portfolio – 9M FY26
Diversified cargo portfolio – 9M FY26 45% 43% 42% 38% 38% 37% 30% 28% 26% 23% 24% 22% 17% 16% 15% 15% 15% 13% 9% 9% 8% 8% 8% 7% 8% 8% 7% 6% 6% 5% 3% 3% 3% 2% 2% 2% 1% 0% 1% 2% 2% 2% FY21 FY22 FY23 FY24 FY25 9M FY26 Coking coal Thermal coal Dry (Other than coal) Liquid (excl. Crude) Crude Gas Contain
Slide 50: Breakdown of cargo growth – Q3 & 9M FY26
Breakdown of cargo growth – Q3 & 9M FY26 Q3 FY26 cargo volume Increase Decrease Total Q3 FY26 0.9 volume 1.8 1.6 10.1 0.2 123.1 MMT (0.2) (0.6) (0.0) (0.1) (3.1) (0.1) 112.5 Container Coastal Coal Minerals Agri Crude (incl. Gas) RORO Q3 FY25 Coking Coal EXIM Coal Fertilizers Other Dry Other Liquid 9
Slide 51: Port volume – Q3 FY26 (1/3)
Port volume – Q3 FY26 (1/3) 1 Mundra1 2 Hazira Q3 FY26 Q3 FY25 Q3 FY26 Q3 FY25 7.4 7.7 1.2 1.2 MMT MMT MMT MMT 3.4 3.0 6.9 MMT MMT MMT 47.6 MMT -2% 9.8 48.8 MMT 7.7 MMT 8% 7.1 MMT MMT 31.4 33.3 MMT 3.1 MMT 2.9 MMT MMT 3 Dahej 4 Dhamra Q3 FY26 Q3 FY25 Q3 FY26 Q3 FY25 1.2 0.9 MMT MMT 6% 7% 2.7 MMT 2.5
Slide 52: Port volume – Q3 FY26 (2/3)
Port volume – Q3 FY26 (2/3) 5 Krishnapatnam 6 Kattupalli Q3 FY26 Q3 FY25 Q3 FY26 Q3 FY25 0.1 0.2 0.1 0.7 0.7 MMT 0.2 MMT MMT MMT MMT MMT 14.7 MMT 17% 12.6 MMT 3.0 MMT -3% 3.1 MMT 14.1 11.9 2.7 2.8 MMT MMT MMT MMT 7 Ennore 8 Karaikal Q3 FY26 Q3 FY25 Q3 FY26 Q3 FY25 3.5 MMT 10% 3.2 MMT 2.6 MMT 3.2 MMT
Slide 53: Port volume – Q3 FY26 (3/3)
Port volume – Q3 FY26 (3/3) 9 Gangavaram 10 Gopalpur Q3 FY26 Q3 FY25 Q3 FY26 Q3 FY25 0.4 0.2 MMT MMT 9.6 MMT 31% 7.3 MMT 1.0 MMT -24% 1.3 MMT 9.2 7.1 1.0 1.3 MMT MMT MMT MMT 11 Vizhinjam1 Q3 FY26 Q3 FY25 4.8 MMT 2.4 MMT 4.8 2.4 MMT MMT 1. Q3 FY25 cargo number is not comparable since the port commenc
Slide 54: Port volume – 9M FY26 (1/3)
Port volume – 9M FY26 (1/3) 1 Mundra1 2 Hazira 9M FY26 9M FY25 9M FY26 9M FY25 22.8 24.3 3.9 3.4 MMT MMT MMT MMT 9.5 8.6 MMT MMT 25.8 MMT 145.0 MMT -3% 31.4 149.9 MMT 22.1 MMT 6% 20.8 MMT MMT 94.3 96.3 MMT MMT 8.7 8.7 MMT MMT 3 Dahej 4 Dhamra 9M FY26 9M FY25 9M FY26 9M FY25 4.1 3.1 MMT MMT 2% 7.8 MM
Slide 55: Port volume – 9M FY26 (2/3)
Port volume – 9M FY26 (2/3) 5 Krishnapatnam 6 Kattupalli 9M FY26 9M FY25 9M FY26 9M FY25 0.7 0.4 0.4 2.1 2.1 0.3 MMT MMT 0.7 MMT MMT MMT MMT MMT 46.3 MMT 10% 42.0 MMT 9.7 MMT -7% 10.4 MMT 44.1 39.6 8.6 9.3 MMT MMT MMT MMT 7 Ennore 8 Karaikal 9M FY26 9M FY25 9M FY26 9M FY25 0.02 MMT 10.1 MMT 2% 10.0
Slide 56: Port volume – 9M FY26 (3/3)
Port volume – 9M FY26 (3/3) 9 Gangavaram 10 Gopalpur 9M FY26 9M FY25 9M FY26 9M FY25 0.3 0.9 MMT MMT 27.7 MMT 48% 18.8 MMT 3.5 MMT 167% 1.3 MMT 26.9 18.5 3.5 1.3 MMT MMT MMT MMT 11 Vizhinjam1 9M FY26 9M FY25 14.1 MMT 3.2 MMT 14.1 3.2 MMT MMT 1. 9M FY25 cargo number is not comparable since the port c
Slide 57: Historical snapshot & FY26 guidance
4 Historical snapshot & FY26 guidance STRICTLY CONFIDENTIAL
Slide 58: APSEZ has delivered consistent growth; guides for significant growth
APSEZ has delivered consistent growth in the past; guides for significant growth going forward Consistent ports market share growth is led by rising container market share In the last decade, APSEZ domestic port volume growth was 3x industry growth 30% 27% 46% All-India cargo (MMT) APSEZ domestic ca
Slide 59: FY26 guidance update
FY26 guidance update Previous guidance Revised guidance Remarks Revenue ₹36,000-38,000 Cr ₹38,000 Cr Driven by higher growth and consolidation of Q4 FY26 NQXT ₹800 Cr more than even the top end of previous guidance, driven by: EBITDA ₹21,000-22,000 Cr ₹22,800 Cr • Higher than anticipated growth (non
Slide 60: Annexure
5 Annexure STRICTLY CONFIDENTIAL
Slide 61: Profit & Loss snapshot
Profit & Loss snapshot Particulars Unit FY22 FY23 FY24 FY25 9MFY26 27,998 9M FY26 Insights Revenue from operations ₹ Cr 17,119 20,852 26,711 31,079 Total income ₹ Cr 17,119 20,852 26,711 31,079 27,998 Operating expenses ₹ Cr 7,903 Employee benefit expenses ₹ Cr 4,865 779 5,655 1,178 7,116 1,896 8,07
Slide 62: Key investment highlights
Key investment highlights Differentiated Integrated • Ports, Logistics & Marine deliver port gate-to-customer gate solutions Transport Utility proposition • Digitized value chain delivers cost effective and efficient services • Largest private port operator with presence across Indian coastline, sel
Slide 63: Annexure
Annexure Please open this file in PDF reader and click on the following icon to open the linked Excel file Above file includes the following information: ✓ Port wise cargo volume break up for Q3 & 9M FY26 ✓ Ports, marine and logistics verticals financial performance Q3 & 9M FY26 Click here for Click
Slide 64: Thank You
Growth adar Goodness adan Ports and Logistics Thank You
Slide 65: Disclaimer
Disclaimer No representation or warranty, express or implied, is made as to, and no reliance should be placed on, the fairness, accuracy, completeness or correctness of the information or Investor Relations opinions contained in this release. Certain statements made in this release may be "forward-l
Adani Ports and Special Economic Zone — Q3 FY26 Earnings Presentation on 6ix