Zaggle Prepaid Ocean Services Limited · NSE:ZAGGLE
Zaggle Prepaid Ocean Services — Q4 FY2026 Earnings Presentation
39 slides from Zaggle Prepaid Ocean Services's earnings presentation, May 13, 2026
Slide 1: Exchange filing cover letter
ZAGGLE/26-27/25 May 13, 2026 To To Listing Department The Corporate Relations Department NATIONAL STOCK EXCHANGE OF INDIA LIMITED BSE LIMITED Exchange Plaza, Plot No C/1, G Block Phiroz Jeejeebhoy Towers, Bandra Kurla Complex, Bandra (East), 25th Floor, Dalal Street, Mumbai -400 051, Maharashtra Mum
Slide 2: Investor Presentation
Investor Presentation Zaggle Prepaid Ocean Services Limited May 2026 1
Slide 3: Safe harbor
Safe harbor This presentation and the accompanying slides (the “Presentation”), which have been prepared by Zaggle Prepaid Ocean Services Limited (the “Company”), have been prepared solely for information purposes and do not constitute any offer, recommendation or invitation to purchase or subscribe
Slide 4: From the Founder's desk
From the Founder’s desk… With third consecutive quarter of record performance, we closed FY26 on a strong footing, delivering our strongest-ever quarterly and annual results. On an annual basis, company delivered a topline of INR 19,076 million (46.3% YoY growth), adjusted EBITDA of INR 1,916 (51.0%
Slide 5: Performance Highlights
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Slide 6: Highest ever quarterly & annual performance - Consolidated
Highest ever quarterly & annual performance - Consolidated ₹6,179 Mn ₹605 Mn ₹406 Mn ₹534 Mn Q4 FY26 YoY + 49.9% YoY + 62.4% YoY + 30.4% YoY + 38.1% ₹19,076 Mn ₹1,916 Mn ₹1,387 Mn ₹1,779 Mn FY26 YoY + 46.3% YoY + 51.0% YoY + 51.8% YoY + 54.0% Revenue from Adjusted EBITDA PAT Cash PAT operations (bef
Slide 7: Highest ever quarterly & annual performance - Standalone
Highest ever quarterly & annual performance - Standalone ₹5,927 Mn ₹551 Mn ₹378 Mn ₹484 Mn Q4 FY26 YoY + 44.1% YoY + 45.2% YoY + 18.2% YoY + 22.9% ₹18,528 Mn ₹1,828 Mn ₹1,329 Mn ₹1,697 Mn FY26 YoY + 42.2% YoY + 46.8% YoY + 51.9% YoY + 52.3% Revenue from Adjusted EBITDA PAT Cash PAT operations (befor
Slide 8: Quarterly financial highlights - Standalone
Quarterly financial highlights - Standalone Revenue from operations (₹ Mn) Gross Profit (₹ Mn) 42.2% 35.0% 18,528 8,411 44.1% 13,027 6,228 5,927 29.3% 4,115 2,455 1,898 Q4FY25 Q4FY26 FY25 FY26 Q4FY25 Q4FY26 FY25 FY26 Adjusted EBITDA (₹ Mn) Reported EBITDA (₹ Mn)* Cash PAT (₹ Mn) PAT + Depreciation &
Slide 9: Key operational performance indicators - Standalone
Key operational performance indicators - Standalone Total customers catered to (number) Aggregate users on the platform (million) 13.3% 18.2% 3,915 3.90 3,455 3.30 KPIs FY25 FY26 FY25 FY26 Software Fees Program fees Propel platform revenue 46.2% 37.9% 10,555 7,523 46.0% Revenue 41.2% 5,456 7,218 Mix
Slide 10: Revenue mix – Net Reporting - Standalone
Revenue mix – Net Reporting - Standalone We guide our investors to look at our revenue numbers on a Net basis after deducting cost of point redemption / gift cards on Propel Q4’ FY26 Q4’ FY25 FY26 FY25 (₹ Mn) Software Program Propel Software Program Propel Software Program Propel Software Program Pr
Slide 11: Profit and loss statement - Standalone
Profit and loss statement - Standalone Particulars (₹ Million, unless stated Q4FY26 Q4FY25 YoY Q3FY26 QoQ FY26 FY25 YoY otherwise) Key Highlights Revenue from operations: 5,927.1 4,114.5 44.1% 4,976.3 19.1% 18,528.1 13,026.5 42.2% Cost of point redemption / gift cards 3,463.3 2,208.8 2,610.1 10,101.
Slide 12: Balance sheet - Standalone
Balance sheet - Standalone Particulars (Rs. in Millions) March 31, 2026 March 31, 2025 Particulars (Rs. in Millions) March 31, 2026 March 31, 2025 ASSETS EQUITY AND LIABILITIES EQUITY Non-current assets Equity share capital 134.5 134.2 Property, plant and equipment 374.0 396.8 Other equity 13,867.4
Slide 13: Quarterly revenue contribution
Quarterly revenue contribution (Q3 &Q4 are higher revenue quarters) FY23 FY24 FY25 FY26 5,927.1 4,976.3 4,309.8 4,114.5 3,314.9 3,364.4 3,026.0 2,734.0 2,522.0 1,995.0 1,842.0 1,869.0 1,476.0 1,185.0 1,303.0 Revenue from 886.0 operations (₹ Mn) Q1 Q2 Q3 Q4 Revenue Contribution 16.0% 15.3% 19.4% 17.9
Slide 14: Recent customers wins for growth (1/2)
Recent customers wins for growth (1/2) Key offerings Duration Savills Property Services (India) ► Zaggle Save (Employee Expense Management & Benefits) 10 Years Fanuc India ► Zaggle Save (Employee Expense Management & Benefits) 5 Years Pan Emami Cosmed ► Zaggle Save (Employee Expense Management & Ben
Slide 15: Recent customers wins for growth (2/2)
Recent customers wins for growth (2/2) Key offerings Duration Narayana Education ► Zaggle Zoyer Platform 3 Years Nivara Home Finance ► Zaggle Zoyer Platform 3 Years Smartworks Coworking Spaces ► Zaggle Zoyer Platform 3 Years Supreme Industries ► Zaggle Propel reward platform 3 Years Generali Central
Slide 16: What we do
ANALYSIS ; INNOVATION | f =} — PLANNING | TARGET What we do Spends Simplified, 15
Slide 17: What is Spend management
What is Spend management Spend management automates workflows & facilitates seamless management of all non-CapEx linked spends of businesses which are largely recurring in nature Typical buckets under spend management Vendor payments Employees Channel partners • Raw material purchase • Employee trav
Slide 18: How we help enterprise and large corporates
How we help enterprise and large corporates Key problem statements Ever evolving regulatory Lack of Automated reconciliation, Inefficient processes environments Write offs & delayed reporting What Zaggle brings to the table Real-time financial Transparency Automated reporting compliance checks Incre
Slide 19: How we do this – One unified SaaS & Fintech ecosystem
How we do this – One unified SaaS & Fintech ecosystem We embed payment and financing instruments at every level of our software to provide a unique integrated one-stop solution to all our corporates ERPs & Accounting Payment Networks & Banking Software systems CRMs, Marketplace & HRMS Platforms Gove
Slide 20: Zaggle: #1 Spend Management company in India
Zaggle: #1 Spend Management company in India What we have built 3,900+ 3.9 Mn+ Corporates Users Fleet Management Fleet Management Sales Commission Channel Partner / 50 Mn+ Sales Sales Cards issued Corporate Corporate Spends Need Spends Need #1 Prepaid Card issuer in country Multilingual Products are
Slide 21: Monetization with strong network effect
… with strong network effect Key Partners Banking Network Partners VAS Banking licenses & Pmt. instrument Resell Zaggle Key customers Comprehensive Monetization Sell software Monetize GTV Corporates - SaaS fees Users / deals Partners - Program fees Corporates Merchants User base Software / users Mer
Slide 22: Omni Channel Offerings
Omni Channel Offerings Offering a combination of payment instruments, mobile application and API integrations Co - Branded Bank Cards Zaggle App to Manage Spends Multiple Banks & network partners Dashboard to manage reporting & analytics 21 Note: The Brand Names and Logos mentioned are the property
Slide 23: Innovative Product Offerings
Innovative Product Offerings Comprehensive suite of products for a large & growing addressable market Rewards & recognition platform Channel rewards and incentives Employee expense management & benefits Employee rewards and recognition Expense Management Embedded-finance Employee Reimbursements Inte
Slide 24: Supercharging Channel Partner Performance
Supercharging Channel Partner Performance Key Features Seamless Partner Onboarding Scheme Management Campaign Management - QR Scan & Earn, Scratch & Win Metric-Based Incentive Computation Lead Management Revenue Streams Leaderboards and Achievements Payments / Redemption Solutions Revenue Streams Re
Slide 25: Digitize Employee Expense, Reimbursements & Benefits
Digitize Employee Expense, Reimbursements & Benefits Key Features Automatic Expense Reporting Mobile-First Experience (Intuitive App with Smart OCR) Seamless Transaction Reconciliation against Scanned Receipts Set Up Policies & Limits Easily Consolidated Statement for the Admin and Individual statem
Slide 26: Digitized Vendor Procure-to-Pay Solutions
Digitized Vendor Procure-to-Pay Solutions Key Features Seamless Petty Cash Management Through The Mobile App & Corporate Credit/Prepaid Card Consolidated Statement for The Admin and Individual Statement for Every User Multiple Billing Cycles to Match Corporate Expense Management Requirements Control
Slide 27: Recent innovations
Recent innovations Zaggle Fleet Management Intelligent Spend Analytics Platform Managing Fleet Expenses Efficiently International Payments (ZIP) Simplifying Global Transactions Newly launched analytics platform, designed to empower Fleet program offers a spend management ZIP ensures seamless interna
Slide 28: Our AI Strategy
Our AI Strategy Zaggle’s In-House AI Initiatives Zaggle’s AI-Enabled Offerings Driving Efficiency & Agility Driving Personalisation, Automation & Insight as a Service Re-engineering the way we build having embedded AI into our core development Providing customers with tools that don’t just manage sp
Slide 29: Inorganic initiatives to strengthen the business portfolio
Inorganic initiatives to strengthen the business portfolio Overview Transaction Details Fintech company with offerings including UPI payments along with co-branded consumer Stake: 100% Rivpe credit cards Consideration: INR 220 Mn (Acquisition) & INR 500 This acquisition expands Zaggle’s product offe
Slide 30: Seasoned management team and board (1/2)
Seasoned management team and board (1/2) Leadership Dr. Raj P Narayanam Avinash Ramesh Godkhindi Founder and Executive Chairman Managing Director and CEO Founded Zaggle in 2011 with a vision to simplify corporate spends Leading Zaggle’s growth as Managing Director & CEO Honorary Doctorate Degr
Slide 31: Seasoned management team and board (2/2)
Seasoned management team and board (2/2) Board of Directors Prerna Tandon Arun Vijaykumar Gupta Independent Director Independent Director • Holds a master’s degree in business administration from the Panjab • Holds a bachelor’s degree in commerce from the P.D. Lion’s College of Commerce University,
Slide 32: Zaggle in a nutshell
Zaggle in a nutshell Seasoned management team and Seasoned Multi-product SaaS based platform with a board team strategy comprehensive product stack Stnadalone Revenues from Robust Technology operations in FY26 have grown y-o-y financial In-house technology with strong and metrics at 42.2% with a cor
Slide 33: Historical financials
Historical financials @ Zaggle Spends Simplified. 32
Slide 34: Historical financial and operating metrics - standalone
Historical financial and operating metrics - standalone Corporate customers Aggregate users (1) (Mn) Revenue from operations (₹ Mn) 3,915 18,528 3,455 3.90 3,016 3.28 13,026 2,411 2.73 2.27 1,753 7,756 1.72 5,535 3,713 FY2022 FY2023 FY2024 FY2025 FY2026 FY2022 FY2023 FY2024 FY2025 FY2026 FY2022 FY20
Slide 35: Historical profit and loss statement (standalone)
Historical profit and loss statement (standalone) Particulars (₹ Million, unless stated otherwise) FY26 FY25 FY24 FY23 FY22 Revenue from operations 18,528.1 13,026.5 7,756.0 5,534.6 3,712.5 Gross Profit 8,411.5 6,228.5 3,946.5 2,328.3 2,259.6 Gross Profit Margin 45.4% 47.8% 50.9% 42.0% 60.8% Employe
Slide 36: Historical balance sheet (standalone)
Historical balance sheet (standalone) Particulars (Rs. in Millions) Mar-26 Mar-25 Mar-24 Mar-23 Mar-22 Particulars (Rs. in Millions) Mar-26 Mar-25 Mar-24 Mar-23 Mar-22 ASSETS EQUITY AND LIABILITIES Non-current assets EQUITY Property, plant and equipment 374.0 396.8 25.3 23.5 19.8 Equity share capita
Slide 37: Annexure
@ Zaggle Spends Simplified, Annexure
Slide 38: Key awards, accreditations and recognitions
Key awards, accreditations and recognitions 2nd Runner- 1st Runner- Dr. Raj was up, 𝐁𝐞𝐬𝐭 up. 𝐅𝐢𝐧𝐓𝐞𝐜𝐡 honoured with Mr. Avinash 𝐏𝐚𝐲𝐦𝐞𝐧𝐭 𝐂𝐨𝐦𝐩𝐚𝐧𝐲 𝐨𝐟 the Star of the was awarded Year Award 𝐈𝐦𝐩𝐚𝐜𝐭𝐟𝐮𝐥 𝐅𝐢𝐧𝐓𝐞𝐜𝐡 at 𝐭𝐡𝐞 𝐘𝐞𝐚𝐫 at (FinTech 𝐒𝐨𝐨𝐧𝐢𝐜𝐨𝐫𝐧…
Slide 39: Thank you
Thank you Company Zaggle Prepaid Ocean Services Limited CIN: L65999TG2011PLC074795 Hari Priya, Company Secretary & Compliance Officer Email id: Investor.Relations@zaggle.in Investor Relations Advisor Strategic Growth Advisors Pvt Ltd. CIN: U74140MH2010PTC204285 Shikha Puri / Srushti Pathak Email id:
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