Slide 1: Stock exchange covering letter for Q3 FY26 investor presentation
February 10, 2026 The Secretary The Secretary BSE Limited National Stock Exchange of India Limited Phiroze Jeejeebhoy Towers Exchange Plaza, 5th Floor, Dalal Street, Plot no. C/l G Block, Bandra (E), Mumbai- 400 001 Mumbai - 400 051 BSE Scrip Code: 532348 BSE Scrip Code: SUBEXLTD Dear Sir/Madam, Sub
Slide 2: Subex Limited Investor Presentation
Subex Limited Investor Presentation 10th February 2026
Slide 3: Agenda
Agenda • Financial Financial Updates Updates • Business Highlights Business Highlights 2
Slide 4: Quarterly Results – Q3FY26
Quarterly Results – Q3FY26 Financial Highlights Revenue in ₹ lakhs • Q3FY26 revenue grew by 2.7% QoQ to ₹7,079 lakhs. • Normalized EBITDA improved significantly to ₹929 lakhs in Q3FY26 as compared to ₹730 lakhs in Q2FY26, reflecting a growth of 27.3% sequentially primarily supported by ongoing opera
Slide 5: Revenue Metrics – Q3FY26
Revenue Metrices – Q3FY26 Revenue By Region Revenue By Region 16% 21% 28% 30% 30% 32% 1% 2% 1% 33% 28% 31% 68% 65% 54% 39% 42% 39% 14% 15% 12% Q3FY25 Q2FY26 Q3FY26 Q3FY25 Q2FY26 Q3FY26 Support and others License implementation and Customization America EMEA India APAC and ROW Managed Service 4
Slide 6: Business Highlights
Business Highlights Regain & Grow • Won a new deal for Fraud Management from a leading operator in Europe • Won Fraud management upgrade deal from a tier 1 Middle East operator G • Presented on Future of Fraud Management at TARS event in Indonesia Growth • Rebranded Subex Identity to reflect the cha
Slide 7: Quarter 3 Order Intake Snapshot
Quarter 3 Order Intake Snapshot Won a new deal for Fraud Won Fraud upgrade deal Management from a from tier-1 Middle East leading operator in operator Europe Tier-1 operator in APAC Won a BAFM consultancy renewed Managed engagement from a tier-1 Services operator in Middle East 6
Slide 8: The Subex Advantage
The Subex Advantage Strong Tailwinds • Almost all RFPs ask for AI use cases 01 in AI • Fraud Management a top AI & GenAI Use Case amongst Telcos Few Players with • 150+ customer base with data connectors processing 500bn+ records per day 02 Data Access • High switching costs Telco Domain • 30+ years
Slide 9: Global Marquee Customer Base
Global Marquee Customer Base EMEA 150+ Global customers Asia 100+ Countries Americas 8
Slide 10: Thank You
Thank You For Further Information, Please Contact: Asha Gupta – asha.gupta@in.ey.com Pratik Jagtap – pratik.jagtap@in.ey.com Jyoti Gupta – jyoti.gupta2@in.ey.com Subex – investor.relations@subex.com