Apex Frozen Foods Ltd. · NSE:APEX
Apex Frozen Foods — Q2 FY26 Earnings Presentation
21 slides from Apex Frozen Foods's earnings presentation, November 2025
Slide 1: Apex Frozen Foods Result Presentation Q2 & H1FY26
Apex Frozen Foods Result Presentation Q2 & H1FY26
Slide 2: Safe Harbour
Safe Harbour This presentation and the accompanying slides (the “Presentation”), which have been prepared by Apex Frozen Foods Ltd (the “Company”) solely for information purposes and do not constitute any offer, recommendation or invitation to purchase or subscribe for any securities and shall not f
Slide 3: Q2 & H1FY26 Highlights
Q2 & H1FY26 Highlights
Slide 4: Financial Highlights
Financial Highlights Net Revenue (Rs Mn) Gross Profit (Rs Mn) & Margin (%) EBITDA (Rs Mn) Margin (%) PAT (Rs Mn) 19% 29% 76% 60% 284% 130% 811% 877% 4,965 3,855 361 210 1,837 119 21 1,146 2,383 1,995 177 157 958 544 -17 46 Q2FY25 Q2FY26 H1FY25 H1FY26 Q2FY25 Q2FY26 H1FY25 H1FY26 Q2FY2
Slide 5: Consistently Reducing Borrowings
Consistently Reducing Borrowings Total Borrowings (Rs Mn) Net Debt to Equity (X) 1,668 291 1,068 0.34 906 74 726 28 0.20 1,377 55 0.16 0.14 406 878 995 671 11 0.05 395 Mar-22 Mar-23 Mar-24 Mar-25 Sep-25 Mar-22 Mar-23 Mar-24 Mar-25 Sep-25 Short Term Long Term Total Debt levels are prudently managed a
Slide 6: Operational Highlights
Operational Highlights Average Raw Shrimp Total Shrimp Sales (MT) Average Realization (Rs/Kg)* Sales Mix (%) Purchase Price (Rs/Kg) -4% 6% 25% 22% -0.5% 4% Others EU 4% 46% 5,620 5,281 H1FY26 870 839 323 323 321 695 690 311 USA 2,710 2,605 50% Q2FY25 Q2FY26 H1FY25 H1FY26 Q2FY25 Q2FY26 H1
Slide 7: Profit & Loss Highlights
Profit & Loss Highlights Particulars (Rs Mn) Q2FY26 Q2FY25 Y-o-Y % Q1FY26 Q-o-Q % H1FY26 H1FY25 Y-o-Y % Net Revenue 2,383 1,995 2,582 4,965 3,855 Other Income 63 7 30 93 10 Total Income 2,446 2,002 22% 2,611 -6% 5,058 3,866 31% Raw Material Cost 1,488 1,458 1,733 3,221 2,720 Gross Profit 958 544 76%
Slide 8: Balance Sheet Highlights
Balance Sheet Highlights Liabilities (Rs Mn) Mar-24 Mar-25 Sep-25 Assets (Rs Mn) Mar-24 Mar-25 Sep-25 Shareholder’s Funds 4,971 4,945 5,092 Non-current Assets 2,700 2,588 2,555 Share Capital 313 313 313 Net Block 2,538 2,426 2,413 Reserves & Surplus 4,658 4,632 4,780 Capital Work-in-progress 36 36 6
Slide 9: Cash Flow Highlights
Cash Flow Highlights Cash Flow Extract (Rs Mn) FY24 FY25 H1FY26 Net Cash Generated From Operating Activities (A) 112 502 464 Net Cash Used In Investing Activities (B) -83 -18 -83 Net Cash Used In Financing Activities (C) -16 -492 -349 Net (Decrease)/ Increase In Cash And Cash Equivalents (A+B+C) 13
Slide 10: Company at a Glance
FA Company at a Glance
Slide 11: The Growth Journey So Far…
The Growth Journey So Far… Commencement Export Market Capability Well-placed to Capitalize on Stage Penetration Expansion the Growth Opportunities (1995) (2004 – 2012) (2013 – 2021) (2022 – 2025) Commenced business • Owned Processing Plant at • IPO and Listing on BSE & NSE in • Improved Product Mix:
Slide 12: …To Having Built a Well-Integrated Operations
…To Having Built a Well-Integrated Operations Region-wise Export Mix – FY25 One Of The Leading Exporters Of Processed Shrimp In India Catering to wide array of customers such as Food Companies, Retail Chains, Restaurants, Club Stores and Distributors spread across multiple geographies in the USA, Eu
Slide 13: Well Integrated Across Value Chain
Well Integrated Across Value Chain 1 2 3 4 Shrimp Seed Shrimp Pre-processing Logistics (Hatchery) Farming and Processing • Production of Specific • Cultivation of shrimp, which • Sizing and grading • Inhouse Cold Storage Pathogen Free (SPF) shrimp are reared in ponds in a • Deheading (Headless Shell
Slide 14: Strategically Located Facilities
Strategically Located Facilities Vizianagaram Srikakulam Andra Pradesh Three Hatcheries with a total capacity of 1.2-1.4 billion Vishakhapatnam SPF seed West Godavari East Godavari Two Processing plants with a total capacity of 34,240 Eluru Kakinada MTPA, along with Cold Storage capacity of ~3,500 M
Slide 15: Processing Capacity Offers Headroom for Growth
Processing Capacity Offers Headroom for Growth Total Capacity 34,240 MTPA Unit 1 – Kakinada, Andhra Pradesh Unit 2 - G. Ragampeta, Andhra Pradesh Ready-to-Cook products: 9,240 MTPA Ready-to-Cook products: 15,000 MTPA Cold Storage: 1,000 MT Ready-to-Eat products: 10,000 MTPA Cold Storage: 2,500 MT 10
Slide 16: Product Offering – Moving up the Value Chain
Product Offering – Moving up the Value Chain READY-TO-EAT (RTE) SPECIALTY PRODUCT Cooked Peeled & De-veined Tail–on PEELED PRODUCT Butterfly shrimp Cooked in Shell BASE PRODUCT Peeled, Deveined, Tail-on Skewered shrimp Shrimp Rings Peeled, Un-deveined, Tail-on Seasoned shrimp Dusted and Breaded Head
Slide 17: Annexure
Annexure
Slide 18: India's Seafood Exports Driven by Surging Shrimp Exports
India’s Seafood Exports Driven by Surging Shrimp Exports India’s Seafood Export Volume (‘000 MT) 1,735 1,782 1,698 1,377 1,393 1,369 1,290 1,135 1,149 984 1,051 1,024 1,066 957 928 946 813 862 778 641 811 637 603 678 559 694 700 700 682 572 662 673 477 548 652 728 711 716 742 566 614 590 301 358 374
Slide 19: Key Considerations for the Sector
Key Considerations for the Sector Demand Slowdown Disease Related Volatile Pricing Being an export-oriented Highly susceptible to Global imbalances in sector, any slowdown in outbreak of diseases, which demand-supply can consumption in key can have a detrimental impact pricing. Exchange markets like
Slide 20: Share Capital Information
Share Capital Information NSE / BSE code APEX / 540692 Shareholding Pattern as of 30-Sept-25 CMP (Rs/share) (as of 14-November-25) Rs 289 0.6% 22.0% Market Cap (Rs Cr) Rs 904 Cr 4.8% Shares outstanding (# Cr) 3.125 Cr 72.6% Face Value (Rs/share) Rs 10 Sector/Industry Aquaculture Location Kakinada, A
Slide 21: Thank You
Thank You Mr Chowdary Karuturi, MD & CFO Apex Frozen Foods ir@apexfrozenfoods.com CIN: L15490AP2012PLC080067 Pooja Sharma | Suyash Samant Stellar IR Advisors Pvt. Ltd. pooja@stellar-ir.com | suyash@stellar-ir.com 21