Edelweiss Financial Services Limited · NSE:EDELWEISS
Edelweiss Financial Services — Q1 FY2026 Earnings Presentation
51 slides from Edelweiss Financial Services's earnings presentation, August 2025
Slide 1: Earnings update – Quarter ended Jun 25
Edelweiss Financial Services Limited Earnings update – Quarter ended Jun 25 US $ version
Slide 2: Contents
CONTENTS Overview 03 Performance highlights 06 Strategic updates 18 Business performance 26 Governance & corporate responsibility 44
Slide 3: Overview
Overview Quarter ended Jun 25 3
Slide 4: Edelweiss at a glance – quarter ended Jun 25
Edelweiss at a glance – quarter ended Jun 25 $675 Mn $1,277 Mn Net Worth Net Debt $0.6 $12 Mn (FV $0.01) Consolidated PAT BVPS 4
Slide 5: Diversified with seven high-quality businesses
Diversified with seven high-quality businesses Edelweiss Financial Services Ltd (EFSL) Asset Housing General Life Alternative Mutual Fund NBFC Asset Mgt Reconstruction Finance Insurance Insurance ECL Finance EAAA India Edelweiss Asset Edelweiss Asset Ltd (ECLF) Nido Home Zuno General Edelweiss Life
Slide 6: Performance Highlights
Performance Highlights Quarter ended Jun 25 6
Slide 7: Performance highlights
Performance highlights 1 Robust profitability with healthy growth in key business metrics Consol PAT at $12 Mn, up by 20% YoY Alternative Asset Mgt ARR AUM at $5,468 Mn; AUM up by 12% YoY MF Equity AUM up 38% YoY to $8,487 Mn; AUM grew by 12% YoY GI losses down by 38% YoY; LI reports $0.3 Mn profit
Slide 8: Earnings distribution across businesses
1 Earnings distribution across businesses $ Mn Quarter Ended Profit after Tax Jun 25 Jun 24 Alternative Asset Management 7 8 Mutual Fund 3 3 Asset Reconstruction 11 10 NBFC 1 3 Housing Finance 0 0 General Insurance (1) (1) Life Insurance 0 (6) PAT of Underlying Businesses 21 17 Corporate (9) (7) EFS
Slide 9: Robust growth in profits of underlying businesses
1 Robust growth in profits of underlying businesses $ Mn 21 17 13 Jun 23 Jun 24 Jun 25 Profits for the quarter ended June grew at 29% CAGR over the last 2 years 9
Slide 10: Healthy growth in key business metrics (1/3)
1 Healthy growth in key business metrices (1/3) Alternative Asset Mgt The ARR AUM at $5,468 Mn, grew 6% YoY Realisations increased 2.3x YoY to and AUM at $7,361 Mn, increased 12% YoY $510 Mn in the quarter Mutual Fund Robust growth in Equity AUM to $8,487 Mn, up The SIP book grew to $50 Mn, 38% YoY;
Slide 11: Healthy growth in key business metrics (2/3)
1 Healthy growth in key business metrices (2/3) NBFC Disbursals of $14 Mn in MSME loans in the Wholesale book reduced by 39% YoY to quarter, 42% of these were via CLM $281 Mn Housing Finance Disbursals of $34 Mn in the quarter; New CLM partnership established with DCB Bank; 33% of these were via CLM
Slide 12: Healthy growth in key business metrics (3/3)
1 Healthy growth in key business metrices (3/3) General Insurance Gross Written Premium grew by 11% YoY to Losses declined by 38% YoY $31 Mn in the quarter in the quarter Life Insurance Gross Premium of $33 Mn in the quarter; Profitability improved to $0.3 Mn YoY Total AUM at $1,128 Mn, up 16% YoY f
Slide 13: Net debt reduced by $566 Mn, 31% YoY
2 Net debt reduced by $566 Mn, 31% YoY Net Debt ($ Mn) $ Mn 1,843 Business Jun 25 Jun 24 31% NBFC 303 469 Housing Finance 203 176 1,277 Alternative Asset Mgt 46 49 Asset Reconstruction (18) 143 Corporate 742 1,007 Net Debt 1,277 1,843 Jun 24 Jun 25 13
Slide 14: Total customer reach grew by 31% YoY
3 Total customer reach grew by 31% YoY In Lakhs Mutual Fund Folios General Insurance Customers Total Customer Reach 110 76 27 84 57 17 Jun 24 Jun 25 Jun 24 Jun 25 Jun 24 Jun 25 31% YoY 59% YoY 33% YoY 14
Slide 15: Strong balance sheet with well capitalised businesses
4 Strong balance sheet with well capitalised businesses Business Metric Value NBFC Capital Adequacy 32.9% Housing Finance Capital Adequacy 34.3% Asset Reconstruction Capital Adequacy 90.7% General Insurance Solvency Ratio 182% Life Insurance Solvency Ratio 183% 15
Slide 16: Comfortable liquidity position over next 1 year
4 Comfortable liquidity position over next 1 year Jul 25 to Jun 26 $ Mn Opening Available Liquidity (A) 561 Inflows Expected Inflows 924 Fresh Borrowings 234 Total Inflows (B) 1,157 Outflows Repayments 701 Disbursements 549 Total Outflows (C) 1,251 Closing Available Liquidity (A+B-C) 468 16
Slide 17: Assets in each tenor range adequately cover liabilities
4 Assets in each tenor range adequately cover liabilities $ Mn Assets Liabilities Excess / (Gap) Up to 1 year 1,181 1,064 117 1-3 years 1,204 1,181 23 3 years+ 1,052 514 538 17
Slide 18: Strategic Updates
Strategic Updates 1. Update on Key Priorities 2. EAAA IPO Update 18
Slide 19: Update on key priorities
1 Update on key priorities A Scale up in profits of underlying businesses B Insurance businesses on track to breakeven by FY27 C Focused reduction in corporate net debt 19
Slide 20: Scale up in profits of underlying businesses
1.a Scale up in profits of underlying businesses $ Mn PAT for quarter ended June 29% CAGR 21 17 13 Jun 23 Jun 24 Jun 25 20
Slide 21: Insurance businesses on track to breakeven: Losses
1.b Insurance businesses on track to breakeven: Losses 93% $ Mn PAT for quarter ended June General Insurance Jun 24 Life Insurance Jun 25 Jun 24 Jun 25 0.3 -1.2 -0.8 -0.5 -5.8 93% -7.0 21
Slide 22: Strategic focus on reducing corporate net debt
1.c Strategic focus on reducing corporate net debt $ Mn Consol Net Debt 1,277 Business Corporate 534 742 • Businesses well capitalized Focus on Corporate Net • Self-sufficient ALM Debt reduction 22
Slide 23: Levers for corporate debt reduction over next 3 years
1.c Levers for corporate debt reduction over next 3 years $ Mn Stake Sale in 234 Businesses Potential Dividends from 175 Levers Businesses Property and Other Investments 234 23
Slide 24: EAAA IPO Update
2 EAAA IPO Update The EAAA DRHP for IPO was filed on December 5, 2024. We received this back from SEBI in March with some observations regarding certain reclassification between revenue lines. This reclassification has no impact on EAAA’s total revenue or profitability as disclosed in the DRHP A
Slide 25: EAAA IPO Update – Next Steps
2 EAAA IPO Update – Next Steps We are targeting to launch the EAAA IPO around April 2026 The IPO marks the first step toward building EAAA as a standalone, institutionalized platform As a listed entity, EAAA will be better positioned to pursue inorganic growth and further strengthen its institut
Slide 26: Business Performance
Business Performance Quarter ended Jun 25 26
Slide 27: Alternative Asset Mgt: Business performance snapshot
Alternative Asset Mgt: Business performance snapshot Key Metrics for the quarter Business Update ARR AUM ($ Mn) 5,468 ARR AUM grew by 6% YoY to $5,468 Mn Private Credit strategy has realized ~$4,540 Mn AUM ($ Mn) 7,361 against a deployment of ~$4,484 Mn till date Enterprise Value of assets under our
Slide 28: Alternative Asset Mgt: Financial performance snapshot
Alternative Asset Mgt: Financial performance snapshot $ Mn Quarter ended Quarter ended Jun 25 Jun 24 AUM 7,361 6,587 ARR AUM 5,468 5,167 Equity 122 93 Total Earnings 21 19 Opex 12 9 Profit After Tax 7 8 28
Slide 29: Alternative assets overview
Alternative assets overview AUM – Strategy wise AUM – Geography wise ARR AUM – Strategy wise 1% 7% 2% 22% 17% 33% $7,361 Mn $7,361 Mn 47% $5,468 Mn 51% 66% 54% Private Credit Real Assets Others North America India Private Credit Real Assets Others Europe Rest of the world 29
Slide 30: Mutual Fund: Business performance snapshot
Mutual Fund: Business performance snapshot Key Metrics for the quarter Business Update Equity AUM ($ Mn) 8,487 Equity AUM at $8,487 Mn, up 38% YoY Net equity inflows of $292 Mn in the quarter, up 19% YoY AUM ($ Mn) 17,792 AUM grew by 12% YoY to $17,792 Mn Net New Money ($ Mn) 1,022 SIP book grew by
Slide 31: Mutual Fund: Financial performance snapshot
Mutual Fund: Financial performance snapshot $ Mn Quarter ended Quarter ended Jun 25 Jun 24 AUM 17,792 15,898 Equity AUM 8,487 6,137 Equity 27 31 Revenue 9 8 Opex 5 5 Profit After Tax 3 3 31
Slide 32: Robust growth in AUM and customer base
Robust growth in AUM and customer base Equity AUM ($ Mn) Debt AUM ($ Mn) 8,487 9,761 9,036 9,305 6,137 3,589 Jun 23 Jun 24 Jun 25 Jun 23 Jun 24 Jun 25 SIP Book ($ Mn) Active Folios (# in Lakhs) 50 27 30 17 12 19 Jun 23 Jun 24 Jun 25 Jun 23 Jun 24 Jun 25 Growing SIP book adds to the predictability of
Slide 33: Asset Reconstruction: Business performance snapshot
Asset Reconstruction: Business performance snapshot Key Metrics for the quarter Business Update Equity ($ Mn) 344 The ARC recovered $556 Mn in the quarter, up 3.5x YoY Fee Paying AUM ($ Mn) 1,216 $24 Mn of retail assets were acquired in the quarter Share of retail assets in capital employed increase
Slide 34: Asset Reconstruction: Financial performance snapshot
Asset Reconstruction: Financial performance snapshot $ Mn Quarter ended Quarter ended Jun 25 Jun 24 Fee Paying AUM 1,216 1,993 Capital Employed 321 505 Wholesale assets 251 434 Retail assets 70 72 Equity 344 378 Revenue 46 26 Opex 4 3 Profit After Tax 11 10 Edelweiss’ share in PAT 6 6 34
Slide 35: NBFC: Business performance snapshot
NBFC: Business performance snapshot Key Metrics for the quarter Business Update Equity ($ Mn) 248 Partnership with Central Bank of India, IDFC First Bank and Godrej Capital continues to deepen AUM ($ Mn) 401 Disbursals of $14 Mn in MSME loans in the quarter; 42% of these were under co-lending model
Slide 36: NBFC: Financial performance snapshot
NBFC: Financial performance snapshot $ Mn Quarter ended Quarter ended Jun 25 Jun 24 AUM 401 760 Gross Loan Book 137 240 Gross Revenue 20 20 Net Revenue 4 (2) Opex 4 11 Credit Cost (0.2) (18) Profit After Tax 1 3 GNPA 3.01% 2.06% NNPA 1.73% 0.95% 36
Slide 37: Wholesale book reduction continues as planned
Wholesale book reduction continues as planned ECLF wholesale assets $ Mn 75% 1,126 736 462 281 Jun 22 Jun 23 Jun 24 Jun 25 Reduced by $845 Mn in last 3 years 37
Slide 38: Housing Finance: Business performance snapshot
Housing Finance: Business performance snapshot Key Metrics for the quarter Business Update Equity ($ Mn) 97 Disbursals of $34 Mn in the quarter; 33% of these were via CLM AUM ($ Mn) 503 New CLM partnership established with DCB Bank Partnership with State Bank of India continues to deepen with ongoin
Slide 39: Housing Finance: Financial performance snapshot
Housing Finance: Financial performance snapshot $ Mn Quarter ended Quarter ended Jun 25 Jun 24 AUM 503 473 Gross Loan Book 374 376 Gross Revenue 17 14 Net Revenue 7 5 Opex 6 5 Credit Cost 0.5 0.2 Profit After Tax 0.4 0.1 GNPA 2.50% 1.81% NNPA 2.06% 1.49% 39
Slide 40: General Insurance: Business performance snapshot
General Insurance: Business performance snapshot Key Metrics for the quarter Business Update Equity ($ Mn) 44 Gross written premium (GWP) increased by 11% YoY in the quarter GWP ($ Mn) 31 Gross direct premium income (GDPI) increased by 10% YoY in the quarter Motor segment GDPI grew 11% YoY in the qu
Slide 41: General Insurance: Financial performance snapshot
General Insurance: Financial performance snapshot $ Mn Quarter ended Quarter ended Jun 25 Jun 24 Gross Written Premium 31 28 Net Premium Income 18 16 Investment Income & 8 8 Other Income Total Income 26 24 Policy benefits & 15 13 insurance policy liability Other expenses 11 12 Profit After Tax (0.8)
Slide 42: Life Insurance: Business performance snapshot
Life Insurance: Business performance snapshot Key Metrics for the quarter Business Update Equity ($ Mn) 97 Gross premium of $33 Mn in the quarter Individual APE ($ Mn) 9 Issued 9,152 policies in the quarter, up 7% YoY AUM at $1,128 Mn, up 16% YoY Policies Issued 9,152 Embedded Value of $259 Mn, up 1
Slide 43: Life Insurance: Financial performance snapshot
Life Insurance: Financial performance snapshot $ Mn Quarter ended Quarter ended Jun 25 Jun 24 Gross Premium 33 32 Net Premium Income 32 31 Investment Income & 42 45 Other Income Total Income 74 76 Policy benefits & 53 61 insurance policy liability Other expenses 21 20 Profit After Tax 0.3 (6) Edelwe
Slide 44: Governance & Corporate Responsibility
Governance & Corporate Responsibility 44
Slide 45: 7 Member Board with 4 Independent Directors
7 Member Board with 4 Independent Directors Mr. Ashok Kini Independent Director Former Managing Director (National Banking Group) State Bank of India Served as an advisor to the Thorat Committee on Financial Inclusion at RBI 35 years of banking experience Dr. Ashima Goyal Independent Director Profes
Slide 46: Significant institutional ownership
Significant institutional ownership Shareholding Pattern as on Jun 30, 2025 Key Shareholders Percent Employee Trust TIAA CREF Funds 7.2% 0.7% LIC 2.6% DIIs, Non Vanguard Group 2.4% Institutions & Others 32.7% Flowering Tree Investment 40.3% Promoter Group 1.7% Management 1729 Capital & Advisors 1.5%
Slide 47: Our contribution to building a more sustainable tomorrow
Our contribution to building a more sustainable tomorrow Under the leadership of EdelGive Foundation, we have… Assisted over 60% of Ensured long term $176 Mn mobilized association with average Partnered with over 294 EdelGive’s NGO partners to through commitments tenure of 3-years high caliber NGOs
Slide 48: Our investment in communities
Our investment in communities EdelGive Foundation’s commitment to investing in communities 79 Districts across 15 States Sustainable Women Quality Education Livelihoods Empowerment $8.8 Mn Committed 2.2 Cr children impacted 2.60 lakh Individuals trained 2.73 lakh women supported (~$1.4 Mn cashflow f
Slide 49: Trusted partner: EdelGive funding partners & networks
Trusted partner: EdelGive funding partners & networks Foundations, Corporates and HNIs partner with Edelgive Platform for their philanthropic allocation 49
Slide 50: Safe Harbour
Safe Harbour DISCLAIMER : This presentation and the discussion may contain certain words or phrases that are forward - looking statements, which are tentative, based on current expectations of the management of Edelweiss Financial Services Ltd. or any of its subsidiaries and associate companies (“Ed
Slide 51: Safe Harbour
Safe Harbour Slide 4: Net worth includes MI Slide 4,7: Consolidated PAT is pre MI Slide 4,7,13,22: Debt includes accrued interest and excludes CBLO and securitisation liabilities. Net debt is gross debt minus high quality liquid assets; Net debt is rounded off to nearest 10 Slide 5,7,9,12,20,21: Bus
Edelweiss Financial Services — Q1 FY2026 Earnings Presentation on 6ix