Slide 1: Stock exchange cover letter for earnings presentation
Affle/EP/2025-26/Q2 November 01, 2025 To BSE Limited National Stock Exchange of India Ltd Phiroze Jeejeebhoy Towers, Exchange Plaza, 5th Floor, Plot No. C-l, G Dalal Street, Mumbai 400 001 Block, Bandra Kurla Complex, Bandra (East), Mumbai - 400 051 Scrip Code: 542752 Symbol: AFFLE Re: Earnings Pres
Slide 2: Q2 & H1 FY2026 Earnings Presentation
Affle 3i Limited Q2 & H1 FY2026 Earnings Presentation For the period ended September 30, 2025 Consumer Intelligence Driven Global Technology Company
Slide 3: Affle 3i Vision: Powering 10x Decadal Growth
Affle 3i Vision: Powering 10x Decadal Growth • Leading with platform & • Maximising measurable business • Leveraging Authentic, product innovation powering outcomes driving real-world Actionable and Augmented the connected ecosystem impact Intelligence (Affle AI) • AI-driven hyper-contextual • Inclu
Slide 4: Performance Highlights
Affle | Performance Highlights Q2 FY2026 vs. Q2 FY2025 Q2 FY2026 vs. Q1 FY2026 H1 FY2026 vs. H1 FY2025 Amount in INR million Y-o-Y Comparison Q-o-Q Comparison Y-o-Y Comparison 6,467 6,207 6,467 12,675 5,429 10,624 Revenue1 +19.1% +4.2% +19.3% 1,461 1,397 1,461 2,858 1,133 2,178 EBITDA +28.9% +4.6% +
Slide 5: Consolidated Financial Summary
Consolidated Financial Summary In INR million Q2 FY2026 Q2 FY2025 Y-o-Y Growth Q1 FY2026 Q-o-Q Growth H1 FY2026 H1 FY2025 Y-o-Y Growth Revenue from Contracts with Customers 6,467 5,429 19.1% 6,207 4.2% 12,675 10,624 19.3% Inventory and Data Costs 3,961 3,315 19.5% 3,780 4.8% 7,741 6,515 18.8% Employ
Slide 6: Half-yearly Performance Trend (Consolidated)
Half-yearly Performance Trend (Consolidated) Revenue CAGR 31.2% EBITDA CAGR 34.6% PAT CAGR 32.3% Y-o-Y Growth 19.3% 31.2% 21.0% 12,675 10,624 8,379 Particulars in INR million 7,021 4,272 2,858 2,178 1,786 2,160 1 1,394 1,139 1 1,653 1,330 871 706 H1 FY2022 H1 FY2023 H1 FY2024 H1 FY2025 H1 FY2026 Rev
Slide 7: Cashflow Trend and Balance Sheet Position (Consolidated)
Cashflow Trend and Balance Sheet Position (Consolidated) Operating Cash Flows* (INR mn) Asset & Liabilities (INR mn) – As of Sep 30,2025 Assets 3,636 39,140 6,402 14,063 4,260 15,040 Cash & Goodwill & Contract Assets & Other Total Assets Liquid Investments Intangibles Assets Trade Receivables Assets
Slide 8: Quarterly Performance Trend (Consolidated)
Quarterly Performance Trend (Consolidated) Revenue from Operations (INR mn) Market-wise Performance (Q2 FY2026) Revenue Split India & Emerging Markets 73.9% 26.1% Developed Markets 6,467 6,207 6,017 6,023 5,429 4,987 5,062 5,195 Broad-based Growth Across Markets (Y-o-Y) 4,313 4,066 3,761 3,475 3,546
Slide 9: Quarterly Performance Trend (Consolidated)
Quarterly Performance Trend (Consolidated) EBITDA (INR mn) & EBITDA Margin (%) Profit After Tax1 (INR mn) & PAT Margin (%) 22.5% 22.6% 21.4% 21.8% 22.2% 20.9% 17.6% 20.3% 20.0% 20.2% 20.1% 1,461 16.7% 16.4% 15.9% 16.1% 16.1% 16.6% 16.5% 16.5% 19.8% 19.4% 19.4% 16.0% 15.9% 19.2% 1,397 15.4% 15.1% 15.
Slide 10: CPCU Business | Q2 Performance Trend (y-o-y)
CPCU Business | Q2 Performance Trend (y-o-y) # No. of Conversions (mn) Average CPCU (INR) CPCU Revenue (INR mn) Q2 FY2026 109.0 58.0 6,319 vs. Q2 FY2025 94.8 57.1 5,416 vs. Q2 FY2024 72.0 55.6 4,006 *All numbers are on a consolidated basis, unless otherwise stated 9
Slide 11: CPCU Business | H1 Performance Trend (y-o-y)
CPCU Business | H1 Performance Trend (y-o-y) # No. of Conversions (mn) Average CPCU (INR) CPCU Revenue (INR mn) H1 FY2026 216.0 58.0 12,519 vs. H1 FY2025 185.6 57.1 10,592 vs. H1 FY2024 140.7 55.3 7,783 *All numbers are on a consolidated basis, unless otherwise stated 10
Slide 12: CPCU Business | Conversions Trend
CPCU Business | Conversions Trend Number of Conversions (mn) Y-o-Y growth in all quarters 107.0 109.0 103.3 104.0 94.8 88.4 90.8 83.8 68.7 72.0 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 FY24 FY24 FY24 FY24 FY25 FY25 FY25 FY25 FY26 FY26 *All numbers are on a consolidated basis, unless otherwise stated 11
Slide 13: Verticalized Focus on High Growth Categories
Verticalized Focus on High Growth Categories Verticalized approach within fast-growing resilient industry segments across E, F, G, H Categories driving 100% of our revenue Direct Customers – Revenue Contribution Category E Category F E-commerce Fintech 8,009 10,675 14,074 17,169 9,595 Online marketp
Slide 14: Business Overview & Case Studies
Business Overview & Case Studies - Affle Overview - CPCU Business Model - Affle Culture - Affle Consumer Platform Case Studies
Slide 15: Affle Overview
Affle Overview About Us Business Credentials Tech Capabilities o Global technology company enabling AI-led o Affle Consumer Platform Stack powers o Tech IP addressing privacy & ad fraud solutions in digital advertising, driving integrated consumer journeys for marketers performance across connected
Slide 16: Cost Per Converted User (CPCU) Business
Affle | Cost Per Converted User (CPCU) Business 97.7% of Revenue from Contracts with Customers contributed by CPCU model in Q2 FY2026 New user conversion Existing user repeat New/existing user (online) conversion (online) conversion (offline) Use Case – Targeted new user Use Case – Driving footfalls
Slide 17: Consumer Platform with multiple DSPs
Affle Consumer Platform with multiple DSPs | Simplifying and unifying the ecosystem Consumer Platform Business Demand-Side Platforms Use-Cases ConvergeAI Supply-Side Supply Cloud Platforms Data New User Management Advertisers Acquisition Platform ● Cloud Optimization Consumers ● Supply Optimization
Slide 18: Affle Culture | Tech Innovations & Accreditation
Affle Culture | Tech Innovations & Accreditation Global Tech IP Portfolio Unified Consumer Tech Proposition Total 36 unique Patents with 16 granted and rest filed & pending across jurisdictions 3.8 Bn1 Connected Devices Reached Award-winning Ad Fraud Detection Platform Affle’s mFaas: Real-time solut
Slide 19: Culture | Tech & Thought Leadership
Affle Culture | Tech & Thought Leadership 18
Slide 20: Consumer Platform Case Studies
Affle Consumer Platform Case Studies 1. PolicyBazaar | Growing online insurance in India through a full-funnel growth strategy 2. Fetch | Driving growth for a popular rewards app in US through a unique CTV led strategy 3. Casas Bahia | Delivering retail growth in Brazil amongst premium iOS users
Slide 21: PolicyBazaar | Growing online insurance in India
PolicyBazaar | Growing online insurance in India through a full-funnel growth strategy About the Advertiser PolicyBazaar, founded in 2008, is India’s largest online insurance platform, serving over 16 million Indians. It is publicly listed and a fast-growing company in India. Objective PolicyBazaar
Slide 22: Fetch | Driving growth for a rewards app in US through CTV
Fetch | Driving growth for a popular rewards app in US through a unique CTV led strategy About the Advertiser With the mission to make users’ life easier and more rewarding, Fetch helps consumers earn rewards by buying the products they know and love. Fetch users have submitted more than 5 billion r
Slide 23: Casas Bahia | Delivering retail growth in Brazil
Casas Bahia | Delivering retail growth in Brazil amongst premium iOS users About the Advertiser Casas Bahia is one of the largest retail chains in Brazil, specializing in furniture and home appliances. Founded in 1952, the company has over 800 stores in Brazil and also reaches customers via its app.
Slide 24: Shareholders Information
Shareholders Information
Slide 25: Shareholders Information
Affle | Shareholders Information Shareholding Pattern (As on Sept 30, 2025) Brokerages Covering Affle Institutional *Total Shares Outstanding – 140,640,216 Citi Research Ambit Capital Avendus Spark Research Desk DAM Capital Mirae Research Anand Rathi 9.1% Promoters & Promoter Group Mutual Funds / Ba
Slide 26: Disclaimer
Disclaimer This presentation and the accompanying slides (“Presentation”) have been statements should not be regarded as guarantees of future performance, and prepared by Affle 3i Limited (“Affle” or the “Company”) solely for informational undue reliance should not be placed on them. purposes. It do
Slide 27: Contact Us
Contact Us Website www.affle.com Investor Relations Contact investor.relations@affle.com