Slide 1: Cover letter to stock exchanges for Q4 FY26 investor presentation
May 12, 2026 The Secretary The Secretary BSE Limited National Stock Exchange of India Limited Phiroze Jeejeebhoy Towers Exchange Plaza, 5th Floor, Plot no. C/l Dalal Street, G Block, Bandra-Kurla Complex Mumbai- 400 001 Bandra (E), Mumbai - 400 051 BSE Scrip Code: 532348 NSE Symbol: SUBEXLTD Dear Si
Slide 2: Subex Limited Investor Presentation
Subex Limited Investor Presentation 12th May 2026
Slide 3: Agenda
Agenda Financial Updates Business Highlights 2
Slide 4: Subex Exits the Year Stronger - Profitable, AI-Ready, and Built to Win in Telco
Subex Exits the Year Stronger - Profitable, AI-Ready, and Built to Win in Telco “Subex exits the year with a stronger balance sheet, improved profitability profile, sharper market positioning, and a more aligned foundation for long-term AI-led growth. We remain focused on telco, where we are trusted
Slide 5: Quarterly Results – Q4FY26
Quarterly Results – Q4FY26 Financial Highlights Revenue in ₹ lakhs • Q4FY26 revenue grew by 3% QoQ to ₹7,296 lakhs. • Normalized EBITDA improved to ₹1,058 lakhs in Q4FY26 as compared to ₹909 lakhs in Q3FY26, reflecting a growth of 16.4%, primarily supported by ongoing operational efficiencies. • Nor
Slide 6: Revenue Metrices – Q4FY26
Revenue Metrices – Q4FY26 Revenue By Services Revenue By Region 23% 21% 25% 32% 30% 29% 2% 2% 1% 27% 31% 31% 60% 65% 61% 41% 39% 40% 15% 12% 13% Q4FY25 Q3FY26 Q4FY26 Q4FY25 Q3FY26 Q4FY26 Support and others License implementation and Customization America EMEA Managed Service India APAC and ROW 5
Slide 7: Business Highlights – Q4FY26
Business Highlights – Q4FY26 Regain & Grow Won a new logo in North Africa for EAM G • • Regained a competitor account for Business Assurance in Middle East Growth • Won a new deal in North America for AI Handset Fraud solution on FraudZapTM • PAT remained positive (normalized) in Q4FY26, supported b
Slide 8: Order Intake Snapshot – Q4FY26
Order Intake Snapshot – Q4FY26 Won a new deal for Won new deal for Regained tier 1 Enterprise Asset AI Handset Fraud competitor account for Management from a solution on leading operator in Business Assurance in FraudZapTM in North North Africa Middle East America Tier-1 operator in Tier 1 operator
Slide 9: 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 • 150+ customer base with data connectors processing 500bn+ records Few Players with 02 per day Data Access • High switching costs • 30+ years of expertise
Slide 10: Global Marquee Customer Base
Global Marquee Customer Base EMEA 150+ Global customers Asia 100+ Countries Americas 9
Slide 11: 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