Afcom Holdings Limited · BSE:AFCOM
Afcom — Q4 & FY2026 Earnings Presentation
39 slides from Afcom's earnings presentation, Jun 12, 2026
Slide 1: BSE filing cover letter for Investor Presentation
Date: June 12, 2026 To, BSE Limited, 25th Floor, P. J. Towers, Dalal Street, Fort, Mumbai- 400 001. Symbol: 544224 Sub: Investor Presentation Please find enclosed the Investor Presentation to be presented post this filing at the Investor Call scheduled to held on June 12, 2026. We request you to tak
Slide 2: Investor Presentation Q4 & 12M FY26
INVESTOR PRESENTATION Q4 & 12M FY26
Slide 3: Disclaimer
Disclaimer This presentation and the accompanying slides (the Presentation), which have been prepared by Afcom Holdings Ltd, (Afcom, The Company) solely for information purposes and do not constitute any offer, recommendation or invitation to purchase or subscribe for any securities and shall not fo
Slide 4: Company Overview
Qofeom _ NX -— ) COMPANY OVERVIEW
Slide 5: Vision & Mission
Vision & Mission Vision To be the most admirable company for all stakeholders with focus on service excellence Mission To become the most trusted logistics partner by ensuring flawless cargo delivery through proactive planning, technology, and commitment to performance
Slide 6: Key Highlights of FY26
Key Highlights of FY26 Awarded Top Airline by Air-to- AFCOM Cargo has been AFCOM forays into “Fast Growing Cargo Air Import 2026 at the Velana recognized as Freighter of the Australian and Pacific Freighter of the Year Awards 2026. Year at the Velana Awards 2026. Region countries with the 2025” 6th
Slide 7: Key Highlights of FY26
Key Highlights of FY26 AFCOM Cargo proudly launched its inaugural freighter service to Dubai World Central (DWC), strengthening cargo connectivity with the United Arab Emirates.
Slide 8: NAC & AFCOM Group Alliance for Growth
Key Highlights of FY26 NAC & AFCOM Group Alliance for Growth
Slide 9: Recent Business Updates
Recent Business Updates Strategic Capital Infusion to Third Aircraft Induction Strengthens Drive Expansion Fleet Capacity and Network Reach Successfully raised ₹199.85 crore through Qualified Institutions o Received DGCA Certificate of Registration (CofR) for the third Placement aircraft o Successfu
Slide 10: Fast, Flexible, Solutions For All Cargo Needs
Fast, Flexible, Solutions For All Cargo Needs Being a Standalone Cargo Airline the main focus of AFCOM is Solutions for Delivering Last mile All Size & All Cargo in 24 connectivity Categories of hours Cargo Track & Modern Space Routing Trace Technology Commitment Options Transit Economical Bonded Ex
Slide 11: Financial Overview
FINANCIAL OVERVIEW
Slide 12: Q4 & 12M FY26 Financial Highlights
Q4 & 12M FY26 Financial Highlights Q4 FY26 ₹19,188.64 87.80% ₹7,408.76 51.52% ₹4,466.08 72.85% Lakhs YoY Lakhs YoY Lakhs YoY Total Income Growth EBITDA Growth PAT Growth FY26 ₹58,772.55 143.86% ₹23,814.09 211.72% 40.52% 882 Bps ₹12,190.36 230.05% 20.74% 542 Bps Lakhs YoY Lakhs YoY EBITDA YoY Lakhs Y
Slide 13: Q4 & 12M FY26 Profit & Loss Statement
Q4 & 12M FY26 Profit & Loss Statement In ₹ Lakhs Particulars Q4 FY26 Q4 FY25 Y-o-Y 12M FY26 12M FY25 Y-o-Y Net Sales 19,033.11 10,039.01 58,310.84 23,871.80 Other Income 155.53 178.58 461.71 228.95 Total Income 19188.64 10217.59 87.80% 58772.55 24100.75 143.86% Expenses Cost of Services/Goods 11,104
Slide 14: Q4 & 12M FY26 Profit & Loss Statement
Q4 & 12M FY26 Profit & Loss Statement In ₹ Crores Quarterly Comparison Annual Comparison 587.73 191.88 102.18 241.01 238.14 74.09 153.09 48.9 47.68 44.66 121.9 31.41 25.84 76.4 51.54 36.94 Total Income EBIDTA PBT Net Profit Total Income EBIDTA PBT Net Profit Q4 FY25 Q4 FY26 12M FY25 12M FY26 In ₹ Cr
Slide 15: Key Performance Highlights
Key Performance Highlights Revenue Net profit Net margin EBITDA margin ₹583 Cr ₹122 Cr 20.9% 39.9% ▲ +144% YoY ▲ +230% YoY ▲ vs 15.5% FY25 ▲ vs 31.3% FY25 Total equity Total assets Operating CF Basic EPS ₹457 Cr ₹935 Cr ₹36 Cr ₹48.73 ▲ +123% YoY ▲ +86% YoY ▲ Turned +ve ▲ +196% YoY Revenue nearly tri
Slide 16: Cost Structure Analysis — FY 2025-26
Cost Structure Analysis — FY 2025-26 Total expenses: Rs. 435 Cr Expense FY26 Cr % Rev FY25 Cr YoY 6% 2% Direct expenses 317.2 54.4% 142.0 +123% 7% Aircraft fuel 116.6 20.0% 11.4 +922% Wet lease fee 33.5 5.7% 106.0 -68% 12% Trip support 44.6 7.7% 1.7 +2500% Suppl. rentals 51.9 8.9% 4.7 +1004% Depreci
Slide 17: IND AS Lease Structure Deep Dive
IND AS 116 — Lease Structure Deep Dive ROU Assets Total lease liability Current lease due Lease finance cost ₹306 Cr ₹338 Cr ₹49 Cr ₹16.1 Cr 33% of total assets +41% YoY Due within 12 months 51% of total fin. cost Aircraft-wise lease breakdown Aircraft (MSN) Lease liability (NC) ROU amortisation Fin
Slide 18: IND AS 116 — Lease Structure Deep Dive
IND AS 116 — Lease Structure Deep Dive The transition to Ind AS has resulted in certain accounting adjustments impacting the Company's Profit After Tax (PAT), the significant effects of which are summarised below:
Slide 19: Highlights of Q4 FY26 (Dry Lease)
Highlights of Q4 FY26 (Dry Lease) Revenue 160.49 Cr Volume Handled 6480.12 Tones No of Pure Charters Done 415 No of Trips Performed 602 Average Kgs / Trips 10764.32 Tones Average Revenue / Trip 29295.64 Average Revenue / Kg (Yield) 2.72 USD Average Cost / Kg* 1.84 USD Weekly Average No Trip / Aircra
Slide 20: Highlights of 12M FY26 (Dry Lease)
Highlights of 12M FY26 (Dry Lease) Revenue 528.71 Cr Volume Handled 24353.42 Tones No of Pure Charters Done 1129 No of Trips Performed 1923 Average Kgs / Trips 12.28 Tones Average Revenue / Trip 31243.19 USD Average Revenue / Kg (Yield) 2.54 USD Average Cost / Kg* 1.58 USD Weekly Average No Trip / A
Slide 21: Key Statistics of Chennai Airport
Key Statistics of Chennai Airport Chennai Airport (MAA) • International Air Cargo • FY 2025-26 vs FY 2024-25 ~3.26 +12.5% +12.9% 2.3× Lakh MT Estimated Full-Year Year-on-Year Cumulative Growth Chennai vs International Cargo Growth (Est.) (Apr–Feb 2025-26) National Average FY 2025-26 vs FY 2024-25 Co
Slide 22: Cumulative Cargo Comparison – Chennai Airport
Cumulative Cargo Comparison – Chennai Airport April–January and April–February | Metric Tonnes International Freight — Cumulative (MT) 350000 3,00,098 300000 2,74,068 2,65,747 250000 2,42,989 200000 FY 2024-25 FY 2025-26 150000 100000 50000 0 Apr–Jan Apr–Feb Growth: +12.8% (Apr–Jan) | +12.9% (Apr–Fe
Slide 23: All – India Cargo Data
All – India Cargo Data FY 2025-26 vs FY 2024-25 | Source: AAI Traffic Report March 2026 All-India Freight ('000 MT) — FY 2025-26 vs FY 2024-25 4500 Chennai vs National 3,964 4000 3,733 Intl Growth (Chennai est.) ~+12.5% 3500 3000 Intl Growth (All-India) +5.4% 2,451 2500 2,325 2000 Chennai outperform
Slide 24: Quarterly Performance — Revenue & Flights Growth of Afcom
Quarterly Performance — Revenue & Flights Growth of Afcom Revenue (₹ Crore) Trips & Flying Hours 180 1800 1,624 160 160 1600 1,490 138 1400 140 119 1200 120 111 1,103 100 1000 800 773 80 600 502 602 60 447 372 400 40 200 20 0 0 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Apr–Jun '25 Jul–Sep '25 Oct–Dec '25 Jan–Mar '26
Slide 25: Aircraft Utilization — Hours per Day by Quarter
Aircraft Utilization — Hours per Day by Quarter Utilization (Hours/Day) 14 Benchmark Comparison 12 11 Industry Best 11 10 10–14 hrs/day 9 9 Dedicated freighters (FedEx, DHL) 9 8 Asia-Pacific Avg 6 7–9 hrs/day 6 IATA 2024 freighter benchmark 5 4 VT-AFO Peak 4 11.45 hrs/day Q2 – above regional avg 2 V
Slide 26: Cargo Tonne-Kilometre (CTK) — Growth & Industry Comparison
Cargo Tonne-Kilometre (CTK) — Growth & Industry Comparison CTK — Cargo Tonne-Kilometres (Millions) CTK Highlights 14 Q1→Q3 Growth 12 12 +82.5% 11 Exceptional CTK ramp-up 10 Q4 vs Q3 8 8 −5.8% Seasonal Q4 slight dip 7 6 FY Total CTK 37.6M t-km 4 Full year output IATA Global CTK Growth 2024 2 +11.4% 0
Slide 27: Monthly Revenue & Yield Trend — Apr 2025 to Mar 2026
Monthly Revenue & Yield Trend — Apr 2025 to Mar 2026 Monthly Revenue (₹ Crore) Monthly Highlights 70 66 Apr '25 60 54 48 50 Strong start ₹43.97 Cr 50 47 45 44 43 40 35 37 32 Jul '25 30 28 Trough: ₹27.99 Cr (−36%) 20 10 Mar '26 0 Peak: ₹66.12 Cr — all-time high Apr'25 May'25 Jun'25 Jul'25 Aug'25 Sep'
Slide 28: Yield per KG Analysis — Charter vs Weight vs Industry
Yield per KG Analysis — Charter vs Weight vs Industry Yield per KG (₹) vs IATA Benchmark Key Yield Insights 350 ▲ Weight flights yield 2–3× higher than Charter — 300 304 296 weight business is the margin engine 250 248 ↑ 229 Charter yield surged +123% from Q2 (₹102) to Q4 222 222 222 222 216 (₹229)
Slide 29: Strong Performance Growth in FY26
Strong Performance Growth in FY26 No. of Trips Charge Weight (Tons) 2500 25000 6480.12 2000 602 20000 6142.8 1500 502 15000 5349.97 1000 447 10000 5080.52 500 372 5000 0 0 Q1 FY26 Q2 FY26 Q3 FY26 Q4 FY26 Q1 FY26 Q2 FY26 Q3 FY26 Q4 FY26 Revenue/ KG (INR) Average Yield (USD) 1000 247.66 900 12 800 2.7
Slide 30: Highlights of Q4 FY26 (Dry Lease)
Highlights of Q4 FY26 (Dry Lease) Other Cost/ Cost FIXED COST Other Employee Cost 7% Corporative Overhead , 9% Insurance Aircraft Rental 5% 39% Fixed Cost 37% Crew Salary and Maintenance Variable Perdiem Reserve 54% 38% 11% Commission RNLC / TNLC / OTHER COST Finance Cost Parking VARIABLE 11% 5% 3%
Slide 31: Highlights of 12M FY26 (Dry Lease)
Highlights of 12M FY26 (Dry Lease) Other Cost/ Cost FIXED COST Other Employee Cost 7% Corporative Overhead , 13% Insurance Aircraft Rental 6% 36% Fixed Cost 39% Crew Salary and Maintenance Variable Perdiem Reserve 48% 38% 13% Commission RNLC / TNLC / OTHER COST Finance Cost 3% Parking VARIABLE 9% 2%
Slide 32: Key Financial Highlights
Key Financial Highlights Total Income EBITDA Margin% Net Profit Margin% EBITDA Net Profit 58772.55 40.52 23,814.09 31.70 24.55 24100.76 20.74 12,190.36 17.17 14,818.27 15.33 7,639.70 3,637.22 3,693.53 2,544.16 FY24 FY25 FY26 FY24 FY25 FY26 FY24 FY25 FY26 All Amount In ₹ Lakhs & Margins In %
Slide 33: Profit & Loss Statement
Profit & Loss Statement In ₹ Lakhs Particulars FY26 FY25 FY24 Revenues 58,310.84 23,871.80 14,754.55 Other Income 461.71 228.95 63.72 Total Income 58,772.55 24,100.75 14,818.27 Raw Material Expenses 31478.36 14,188.56 10,183.33 Employee costs 1,049.18 1,006.39 634.15 Other expenses 2,430.92 1,266.11
Slide 34: Balance Sheet
Balance Sheet In ₹ Lakhs Assets FY26 FY25 FY24 Assets FY26 FY25 FY24 Equity 2,606.81 2,485.77 1,802.13 Non Current Assets Reserves 43,061.37 18,000.03 8,522.80 Fixed Assets 32,205.51 25,066.77 1,263.69 Net Worth 45,668.18 20,485.80 10,324.93 Other Non Current Financial Assets 8,244.35 5,255.73 0.00
Slide 35: Cashflow Statements
Cashflow Statements In ₹ Lakhs Particulars FY26 FY25 FY24 Cashflow from Operations 3,599.03 -4,500.60 3,114.00 Cashflow from Investments -20,671.12 -25,720.62 -5,548.25 Cashflow from Financing 23,269.24 29,920.12 2,072.62 Net Cash Flow 6197.15 -301.10 -361.63
Slide 36: Key Ratios
Key Ratios (In (In Current (In ₹) Fixed Asset (In ROE %) ROCE %) Ratio Turnover Ratio Times) 35.62 11.68 26.69 2.04 24.64 29.82 1.79 26.78 18.03 1.11 1.81 0.95 FY24 FY25 FY26 FY24 FY25 FY26 FY24 FY25 FY26 FY24 FY25 FY26 (In Times) (In Times) Earnings Per (In (In ₹) Debt To Interest Book Value ₹) Equ
Slide 37: Stock Data
Stock Data As on 10-06-2026 As on 05-05-2026 BSE: AFCOM BSE: 544224 Shareholding Pattern Share Price ₹ 871.55 Market Capitalization ₹ Cr 2,501.23 42.73% No. of Share Outstanding 2,86,98,616 Promoter & Promoter Group Face Value ₹ 10.00 57.27% Public 52 Week High ₹ 1,144.40 52 Week Low ₹ 637.85 Share
Slide 38: Summary
Summary 1 2 3 4 Endeavors to To create a To build Our vision to be provide holistic reliable, on time partnerships with the most cargo solutions to performance with air logistics supply admirable its customers focus on safe chain for seamless cargo airline by flight operations movement of cargo all
Slide 39: Thank You
THANK YOU AFCOM HOLDINGS LTD Corporate Office: 3rd Floor, Indiqube Palmyra, Plot No.16(NP), SIDCO Industrial Estate, Ekkattuthangal , Guindy , Chennai – 600032 Phone: +91 44 2499 4101 E- mail: info@afcomcargo.com Website: www.afcomcargo.com