Phoenix Mills Ltd. · NSE:PHOENIXLTD
Phoenix Mills — The Phoenix Mills — Q3 FY26 Earnings Presentation
58 slides from Phoenix Mills's earnings presentation, Jan 28, 2026
Slide 1: Exchange filing cover letter
Corp. Office: Shree Laxmi Woolen Mills Estate, 2nd Floor, R.R. Hosiery, Off Dr. E. Moses Rd. Mahalaxmi, Mumbai - 400 011 Tel: (022) 3001 6600 CIN No. : L17100MH1905PLC000200 January 28, 2026 BSE Limited National Stock Exchange of India Limited Phiroze Jeejeebhoy Towers Exchange Plaza, Dalal Street,
Slide 2: Investor Presentation Q3 and 9M FY26
Artist’s Impression THE PHOENIX MILLS LIMITED Investor Presentation Q3 and 9M FY26 The St. Regis | Phoenix Palladium | Rise, Mumbai
Slide 3: Q3 FY26 Consolidated Performance Overview
Q3 FY26 Consolidated Performance Overview Consolidated Group Performance Revenue from Rs. 1,121 cr Operating Rs. 656 cr operations EBITDA Up 15% vs Q3 FY25 Up 19% vs Q3 FY25 Core Businesses (Retail, Office, Hotel, Asset Management) Revenue from Rs. 1,023 cr Operating Rs. 619 cr operations EBITDA Up
Slide 4: Business Performance - Retail
Photo shot at location Business Performance - Retail Financial Results Annexures Phoenix Citadel, Indore 3
Slide 5: Retail business overview
Retail business overview Q3 FY26 Q3 FY26 Retail Q3 FY26 Retail Consumption Rental Income EBITDA Rs. 4,992 cr Rs. 573 cr Rs. 585 cr Up 25% vs Q3 FY25 Up 13% vs Q3 FY25 Up 16% vs Q3 FY25 9M FY26 9M FY26 Retail 9M FY26 Retail Consumption Rental Income EBITDA Rs. 12,327 cr Rs. 1,609 cr Rs. 1,664 cr Up 1
Slide 6: Q3 FY26 Retail consumption up by 25% over Q3 FY25
Q3 FY26 Retail consumption up by 25% over Q3 FY25 Q3 FY26 Consumption (Rs. cr) Growth 22% 112% 10% 7% 17% 22% 25% 14% 18% 17% 15% 10% over Q3 FY25 785 732 585 534 466 441 441 397 278 186 77 70 Phoenix Phoenix Mall PMC PMC Pune PMC & Phoenix Phoenix Mall PMC Mumbai Palladium Phoenix PU Bareilly PU Lu
Slide 7: 9M FY26 Retail consumption up by 17% over 9M FY25
9M FY26 Retail consumption up by 17% over 9M FY25 9M FY26 Consumption (Rs. cr) Growth 14% 86% 3% 3% 9% 29% 14% 8% 22% 16% 13% 8% over 9M FY25 1,936 1,564 1,484 1,372 1,261 1,104 1,045 1,016 693 471 200 182 Phoenix Phoenix Mall PMC PMC Pune PMC & Phoenix Mall Phoenix PMC Mumbai Palladium Phoenix PU B
Slide 8: Gourmet Village at Phoenix Palladium (West Zone)
Gourmet Village at Phoenix Palladium (West Zone) Indicative Render 19 Outlets| 13 Operational | F&B and Experiential Hub | 2 dedicated floors 7
Slide 9: Successful pilot at Phoenix Palladium, Gourmet Village concept set to scale
Successful pilot at Phoenix Palladium, the Gourmet Village concept is now set to scale across other centres Photo shot at location Photo shot at location Photo shot at location 8
Slide 10: Launch of Phoenix Raquet Club
Launch of Phoenix Raquet Club Unlocking new experiences at Phoenix Palladium (West Zone) Artist’s Impression India’s Largest Racquet Sports Destination 6 Pickle Ball | 6 Paddle Courts Café, F&B and More A Canvas for Wellness and Collaboration 9
Slide 11: Landmark Store Launches at Phoenix Mall of Asia
Landmark Store Launches at Phoenix Mall of Asia Featuring national debuts, iconic flagships and category-defining launches Toyota Experience Centre Photo shot at location Flagship Rolex Store 1st store outside of Japan Onitsuka Tiger: 1st Concept Store in India & 5th Globally. Photo shot at location
Slide 12: Apple's First Home in South India, at Phoenix Mall of Asia
Apple’s First Home in South India, at Phoenix Mall of Asia Photo shot at location Concept Architect 11
Slide 13: Post-Repositioning Occupancy Ramp-Up to Drive Rental Upside
Post-Repositioning Occupancy Ramp-Up to Drive Rental Upside Leased Q3 FY26 Trading Stabilized Trading Retail Assets Growth Drivers Occupancy (%)* Occupancy (%) Occupancy (%) Phoenix MarketCity 97% 85% Bangalore Large Anchor spaces optimized and leased to flagship inline and mini anchors at higher Ph
Slide 14: Strategic Repositioning improves Tenant Productivity across PMC Malls
Strategic Repositioning improves Tenant Productivity across PMC Malls Retail Assets Q3 FY26 Consumption Q3 FY26 Trading Density Phoenix MarketCity Rs. 585 cr (↑10%) Rs. 3,506 pspm (↑29%) Bangalore Phoenix MarketCity Rs. 534 cr (↑7%) Rs. 2,612 pspm (↑20%) Pune Phoenix MarketCity + Rs. 466 cr (↑17%) R
Slide 15: Business Performance - Offices
Indicative Render Business Performance - Offices Financial Results Annexures Millennium Towers, Pune 14
Slide 16: Premium Workspaces within Mixed-Use Ecosystems
Premium Workspaces within Mixed-Use Ecosystems Phoenix Asia Towers MUMBAI GLA: ~0.82 msft BENGALURU Millennium Towers GLA: ~1.47 msft Grade A Offices Integrated Campus Design Future-Ready Workspaces Strategically integrated with destination Synergistic environments that blend work, Focused on region
Slide 17: Strong Leasing Traction and Uptick in Occupancy
Strong Leasing Traction and Uptick in Occupancy • Occupancy in the operational offices at Mumbai and Vimmanagar in Pune stood at 76% in Dec-25 vs. 67% in Mar-25 • Gross leasing of ~1.20 million sq. ft. in the offices at Mumbai, Pune, Bengaluru and Chennai between April to Dec-25. Leased Occupancy Ma
Slide 18: Commercial offices performance overview
Commercial offices performance overview Operational assets: Mumbai, Pune Q3 FY26 Q3 FY26 Income EBITDA Rs. 56 cr Rs. 36 cr Up 5% vs Q3 FY25 Up 11% vs Q3 FY25 9M FY26 9M FY26 Income EBITDA Rs. 162 cr Rs. 103 cr Up 3% vs 9M FY25 Up 5% vs 9M FY25 Concept Architect Note: Operational offices in Mumbai an
Slide 19: Business Performance - Hospitality
Photo shot at location Business Performance - Hospitality Financial Results Annexures Koiishii, The St. Regis, Mumbai 18
Slide 20: Hotels Overview
Hotels Overview Q3 FY26 Q3 FY26 Occupancy Income EBITDA (The St. Regis) Rs. 179 cr Rs. 88 cr 86% Up 13% vs Q3 FY25 Up 20% vs Q3 FY25 Up 2 pps vs Q3 FY25 9M FY26 9M FY26 Occupancy Income EBITDA (CYMA) Rs. 423 cr Rs. 190 cr 87% Up 8% vs 9M FY25 Up 16% vs 9M FY25 Up 4 pps vs Q3 FY25 Concept Architect 1
Slide 21: The St. Regis, Mumbai: Performance overview for Q3 and 9M FY26
The St. Regis, Mumbai: Performance overview for Q3 and 9M FY26 ARR (Rs.) RevPAR (Rs.) Occupancy 8% 8% 10% 8% Growth Growth Growth Growth 86% Q3 FY26 Up 2 pps 85% 22,343 24,131 18,699 20,168 18,855 20,772 15,831 17,082 Q3 FY25 Q3 FY26 9M FY25 9M FY26 Q3 FY25 Q3 FY26 9M FY25 9M FY26 9M FY26 Q3 FY26 Re
Slide 22: Courtyard by Marriott, Agra: Performance overview for Q3 and 9M FY26
Courtyard by Marriott, Agra: Performance overview for Q3 and 9M FY26 ARR (Rs.) RevPAR (Rs.) Occupancy 4% 1% 1% 87% 2% De-Growth Growth Growth De-Growth Q3 FY26 Up 4 pps 73% 7,468 7,180 5,587 5,502 3,950 6,186 6,249 3,991 9M FY26 Q3 FY25 Q3 FY26 9M FY25 9M FY26 Q3 FY25 Q3 FY26 9M FY25 9M FY26 Up 2 pp
Slide 23: Business Performance - Residential
Indicative Render Business Performance - Residential Financial Results Annexures One Bangalore West 22
Slide 24: Residential Portfolio: Steady traction in demand for ready units
Residential Portfolio: Steady traction in demand for ready units Rs. 140 Cr Rs. 100 Cr ~29,900 psf Q3 FY26 Q3 FY26 Q3 FY26 Gross Sales Collections Average sales price Rs. 412 Cr Rs. 314 Cr Rs. 273 cr 9M FY26 9M FY26 9M FY26 Gross Sales Collections Revenue recognized Concept Architect 23
Slide 25: Business Performance
Photo shot at location Business Performance Financial Results Annexures Phoenix MarketCity Bangalore 24
Slide 26: Q3 FY26 Consolidated EBITDA at Rs. 656 crores, up 19%
Q3 FY26 Consolidated EBITDA at Rs. 656 crores, up 19% Amount in Rs. Cr Particulars Q3 FY26 Q3 FY25 YoY% 9M FY26 9M FY25 YoY% Income from operations 1,121 975 15% 3,190 2,797 14% Operating EBITDA 656 553 19% 1,887 1,602 18% EBITDA Margin (%) 59% 57% 2 pps 59% 57% 2 pps Add: Other income 47 30 56% 110
Slide 27: Q3 FY26 Standalone EBITDA at Rs. 98 crores up 20%
Q3 FY26 Standalone EBITDA at Rs. 98 crores up 20% Amount in Rs. Cr Particulars Q3 FY26 Q3 FY25 YoY% 9M FY26 9M FY25 YoY% Income from operations 146 127 14% 408 361 13% Operating EBITDA 98 81 20% 266 230 15% EBITDA Margin (%) 67% 64% 3 pps 65% 64% 1 pps Add: Other income 27 14 93% 128 125 3% Less: Fi
Slide 28: Operating cash flow in Q3 FY26
Operating cash flow in Q3 FY26 Q3 FY26 Q3 FY25 % Change Amount in Rs. cr Net cash from operating activities 619 506 22% Less: Interest paid -91 -97 - 7% Operating free cash flow* 529 409 29% Contribution to Operating free cash flow from Retail, Offices, Hotels 480 380 26% Residential 49 29 70% *Refe
Slide 29: Operating cash flow in 9M FY26
Operating cash flow in 9M FY26 9M FY26 9M FY25 % Change Amount in Rs. cr Net cash from operating activities 1,767 1,506 17% Less: Interest paid -259 -287 - 10% Operating free cash flow* 1,508 1,218 24% Contribution to Operating free cash flow from Retail, Offices, Hotels 1,333 1,166 14% Residential
Slide 30: Group-level Debt & Cash position as on 31st December 2025
Group-level Debt & Cash position as on 31st December 2025 vs. 31st March 2025 31-Mar-25 31-Dec-25 Change Amount Rs. cr Liquidity (Bank balance + 1,702 1,858 + 156 Investments + DSRA)*^ Gross Debt^ 4,409 5,202 + 793 Net Debt^ 2,707 3,344 + 637 Net Debt to EBITDA^ 1.2x 1.3x *Does not include amount av
Slide 31: Average cost of debt in December-2025 down to 7.62%
Average cost of debt in December-2025 down to 7.62% Effective cost of debt (%) 9.19% 8.81% 8.74% 8.50% 8.17% 7.92% 7.68% 7.62% 7.30% Spread: 479 bps Spread: 237 bps 6.50% 6.50% 6.25% 5.50% 5.50% 5.25% 4.40% 4.00% 4.00% Mar-20 Mar-21 Mar-22 Mar-23 Mar-24 Mar-25 Jun-25 Sep-25 Dec-25 PML's Avg. Cost of
Slide 32: CPP Transaction Update
CPP Transaction Update Jul-25 Aug-25 Sep-25 Oct-25 Nov-25 Deal Approval CCI Approval Shareholders Other Payment of Received Received Approval conditions Tranche 1 Received precedent Completed completed Rs. 1,257 cr 58.33% PML Stake in ISMDPL after Tranche 1 Payment amount payment of Tranche 1 31
Slide 33: Business Performance
Photo shot at location Business Performance Financial Results Annexures Phoenix Mall of the Millennium 32
Slide 34: Q3 FY26 Retail Rental Income grew by 13% over Q3 FY25
Q3 FY26 Retail Rental Income grew by 13% over Q3 FY25 Q3 FY26 Q3 FY25 Name of Asset Retail Rental Income Retail Rental Income % growth (Rs. cr) (Rs. cr) Phoenix Palladium Mumbai 123 108 14% Phoenix MarketCity Bangalore 54 53 1% Phoenix MarketCity Pune 56 56 -1% Phoenix MarketCity and Palladium Chenn
Slide 35: Q3 FY26 Retail EBITDA grew by 16% over Q3 FY25
Q3 FY26 Retail EBITDA grew by 16% over Q3 FY25 Q3 FY26 Q3 FY25 Name of Asset Retail EBITDA Retail EBITDA % growth (Rs. cr) (Rs. cr) Phoenix Palladium Mumbai 120 100 20% Phoenix MarketCity Bangalore 56 54 3% Phoenix MarketCity Pune 59 61 -2% Phoenix MarketCity and Palladium Chennai 66 61 7% Phoenix M
Slide 36: 9M FY26 Retail Rental Income grew by 9% over 9M FY25
9M FY26 Retail Rental Income grew by 9% over 9M FY25 9M FY26 9M FY25 Name of Asset Retail Rental Income Retail Rental Income % growth (Rs. cr) (Rs. cr) Phoenix Palladium Mumbai 347 313 11% Phoenix MarketCity Bangalore 150 155 -3% Phoenix MarketCity Pune 160 162 -1% Phoenix MarketCity and Palladium C
Slide 37: 9M FY26 Retail EBITDA grew by 10% over 9M FY25
9M FY26 Retail EBITDA grew by 10% over 9M FY25 9M FY26 9M FY25 Name of Asset Retail EBITDA Retail EBITDA % growth (Rs. cr) (Rs. cr) Phoenix Palladium Mumbai 335 301 11% Phoenix MarketCity Bangalore 158 164 -4% Phoenix MarketCity Pune 176 178 -1% Phoenix MarketCity and Palladium Chennai 193 186 4% Ph
Slide 38: Phoenix Palladium Mumbai
Phoenix Palladium Mumbai (Rs. cr) Q3 FY26 Q3 FY25 % growth 9M FY26 9M FY25 % growth Rental 117 102 14% 327 295 11% CAM & Others 26 21 24% 73 62 18% Total Income 143 123 16% 400 357 12% Asset EBITDA 120 100 20% 335 301 11% Asset EBITDA 102% 98% 5 pps 102% 102% 0 pps as % of Rental PML Standalone 98 8
Slide 39: Phoenix MarketCity Bangalore
Phoenix MarketCity Bangalore % % (Rs. cr) Q3 FY26 Q3 FY25 9M FY26 9M FY25 growth growth Rental 54 53 1% 150 155 -3% CAM & Others 22 24 -5% 63 69 -8% Total Income 76 77 -1% 214 223 -4% Asset EBITDA 56 54 3% 158 164 -4% Asset EBITDA as % 104% 102% 2 pps 105% 106% -1 pps of Rental Rental Rate (Rs. 209
Slide 40: Phoenix MarketCity Pune
Phoenix MarketCity Pune % % (Rs. cr) Q3 FY26 Q3 FY25 9M FY26 9M FY25 growth growth Rental 56 56 -1% 160 162 -1% CAM & Others 24 24 0% 72 73 -2% Total Income 80 81 -1% 233 236 -1% Asset EBITDA 59 61 -2% 176 178 -1% Asset EBITDA as % 106% 108% -1 pps 110% 110% 0 pps of Rental Rental Rate (Rs. 178 166
Slide 41: Phoenix MarketCity & Palladium Chennai
Phoenix MarketCity & Palladium Chennai % % (Rs. cr) Q3 FY26 Q3 FY25 9M FY26 9M FY25 growth growth Rental 61 57 8% 177 167 5% CAM & Others 33 31 8% 96 91 6% Total Income 95 88 8% 273 258 6% Asset EBITDA 66 61 7% 193 186 4% Asset EBITDA as % 107% 108% -1 pps 109% 111% -2 pps of Rental Rental Rate (Rs.
Slide 42: Phoenix MarketCity Mumbai
Phoenix MarketCity Mumbai % % (Rs. cr) Q3 FY26 Q3 FY25 9M FY26 9M FY25 growth growth Rental 50 47 8% 140 134 4% CAM & Others 22 22 1% 66 65 2% Total Income 73 69 6% 206 199 4% Asset EBITDA 54 48 12% 151 142 7% Asset EBITDA as % 108% 104% 4 pps 108% 106% 2 pps of Rental Rental Rate (Rs. 144 133 8% 13
Slide 43: Phoenix Palassio, Lucknow
Phoenix Palassio, Lucknow % % (Rs. cr) Q3 FY26 Q3 FY25 9M FY26 9M FY25 growth growth Rental 41 37 8% 114 106 7% CAM & Others 19 18 4% 57 53 7% Total Income 59 55 7% 171 160 7% Asset EBITDA 41 40 1% 119 112 7% Asset EBITDA as % 100% 107% -7 pps 105% 105% 0 pps of Rental Rental Rate (Rs. 156 140 11% 1
Slide 44: Phoenix United Lucknow
Phoenix United Lucknow % % (Rs. cr) Q3 FY26 Q3 FY25 9M FY26 9M FY25 growth growth Rental 9 9 6% 27 26 5% CAM & Others 6 5 10% 18 16 10% Total Income 15 14 7% 45 42 7% Asset EBITDA 9 8 13% 27 24 10% Asset EBITDA as % 100% 93% 6 pps 101% 96% 5 pps of Rental Rental Rate (Rs. 97 98 -1% 96 96 0% pspm) Co
Slide 45: Phoenix United Bareilly
Phoenix United Bareilly % % (Rs. cr) Q3 FY26 Q3 FY25 9M FY26 9M FY25 growth growth Rental 8 7 6% 21 20 8% CAM & Others 5 5 11% 17 15 17% Total Income 13 12 8% 38 34 12% Asset EBITDA 7 6 12% 22 19 16% Asset EBITDA as % 97% 92% 5 pps 102% 95% 7 pps of Rental Rental Rate (Rs. 82 80 2% 77 74 4% pspm) Co
Slide 46: Phoenix Citadel, Indore
Phoenix Citadel, Indore % % (Rs. cr) Q3 FY26 Q3 FY25 9M FY26 9M FY25 growth growth Rental 24 24 -3% 75 72 4% CAM & Others 15 15 -2% 48 47 3% Total Income 39 40 -3% 123 118 4% Asset EBITDA 23 21 8% 76 66 14% Asset EBITDA as % 96% 86% 10 pps 101% 92% 9 pps of Rental Rental Rate (Rs. 81 84 -3% 86 83 3%
Slide 47: Palladium Ahmedabad
Palladium Ahmedabad % % (Rs. cr) Q3 FY26 Q3 FY25 9M FY26 9M FY25 growth growth Rental 37 33 11% 102 90 13% CAM & Others 16 15 9% 52 46 11% Total Income 53 48 10% 154 136 13% Asset EBITDA 35 29 21% 99 83 19% Asset EBITDA as % 96% 88% 8 pps 97% 93% 4 pps of Rental Rental Rate (Rs. 171 161 6% 158 147 7
Slide 48: Phoenix Mall of the Millennium, Pune
Phoenix Mall of the Millennium, Pune % % (Rs. cr) Q3 FY26 Q3 FY25 9M FY26 9M FY25 growth growth Rental 49 37 31% 135 109 24% CAM & Others 23 21 10% 69 60 14% Total Income 72 58 24% 204 169 21% Asset EBITDA 49 34 43% 138 102 35% Asset EBITDA as % 101% 92% 8 pps 102% 94% 8 pps of Rental Rental Rate (R
Slide 49: Phoenix Mall of Asia, Bengaluru
Phoenix Mall of Asia, Bengaluru % % (Rs. cr) Q3 FY26 Q3 FY25 9M FY26 9M FY25 growth growth Rental 62 39 58% 160 126 27% CAM & Others 29 24 19% 78 70 12% Total Income 91 63 43% 238 196 22% Asset EBITDA 66 39 71% 171 130 32% Asset EBITDA as % 107% 99% 8 pps 107% 103% 4 pps of Rental Rental Rate (Rs. 1
Slide 50: Leasing and occupancy in the Commercial Office Portfolio as of December 2025
Leasing and occupancy in the Commercial Office Portfolio as of December 2025 Net Leasable Area Leased Gross Rent Asset Location % area leased Area (msft) (msft) (psfpm)* Art Guild House Mumbai 0.63 0.56 88% 125 Phoenix Paragon Mumbai 0.31 0.18 58% 145 The Centrium Mumbai 0.11 0.06 59% 120 Phoenix Ho
Slide 51: Q3 FY26 Commercial Offices Income stood at Rs. 56 cr
Q3 FY26 Commercial Offices Income stood at Rs. 56 cr EBITDA as Total Income (Rs. cr) EBITDA (Rs. cr) % of Total Income Operational Portfolio Q3 FY26 Q3 FY25 Growth (%) Q3 FY26 Q3 FY25 Growth (%) Q3 FY26 Q3 FY25 Art Guild House, Mumbai 24 23 3% 16 16 0% 68% 70% Phoenix Paragon, Mumbai 10 9 11% 6 4 63
Slide 52: 9M FY26 Commercial Offices Income stood at Rs. 162 cr
9M FY26 Commercial Offices Income stood at Rs. 162 cr EBITDA as Total Income (Rs. cr) EBITDA (Rs. cr) % of Total Income Operational Portfolio 9M FY26 9M FY25 Growth (%) 9M FY26 9M FY25 Growth (%) 9M FY26 9M FY25 Art Guild House, Mumbai 71 70 2% 49 50 -1% 70% 71% Phoenix Paragon, Mumbai 26 26 2% 15 1
Slide 53: The St. Regis, Mumbai
The St. Regis, Mumbai Amount in Rs. Cr Photo Photoshot shotatatlocation location Q3 Q3 % 9M 9M % Particulars FY26 FY25 growth FY26 FY25 growth Revenue from Rooms 72 66 9% 177 166 7% Revenue from F&B and Banquet 82 69 20% 194 176 10% Other Operating Income 5 3 38% 13 11 23% Total Income 159 138 15% 3
Slide 54: Courtyard by Marriott, Agra
Courtyard by Marriott, Agra Amount in Rs. Cr Q3 Q3 % 9M 9M % Photo shot at location Particulars FY26 FY25 growth FY26 FY25 growth Revenue from Rooms 10.9 10.8 1% 20.8 20.5 1% Revenue from F&B and Banquet 8.0 8.1 -1% 17.2 16.3 6% Other Operating Income 0.5 0.6 -21% 1.2 1.4 -16% Total Income 19.4 19.5
Slide 55: Residential Portfolio: Sales and Collections Momentum Sustained in 9M FY26
Residential Portfolio: Sales and Collections Momentum Sustained in 9M FY26 ✓ Residential sales and collections remained robust, supported by steady execution and monetisation of premium residential inventory. ✓ Gross residential sales of ~Rs. 140 cr in Q3 FY26 (up vs Rs. 58 cr in Q3 FY25) and ~Rs. 4
Slide 56: Gross Debt across Subsidiaries as on 31st December 2025
Gross Debt across Subsidiaries as on 31st December 2025 PML Q2 FY26 Q3 FY26 Status Asset Type SPV Asset Name Ownership (Rs. Cr) (Rs. Cr) (%) The Phoenix Mills Ltd. (Standalone) Phoenix Palladium, Mumbai 100.0% 722 675 Classic Mall Development Phoenix MarketCity, Chennai 100.0% 427 422 Vamona Develop
Slide 57: Click on the logos for updates on Instagram
Click on the logos to for updates on Instagram R E TA I L Phoenix Marketcity Bangalore logo Phoenix Marketcity Kurla logo Phoenix Marketcity Pune logo Phoenix Marketcity Chennai logo Phoenix Palassio logo Phoenix Citadel, Indore | Linktree Palladium Ahmedabad (@palladiumAhm) / X Phoenix Mall of the
Slide 58: Investor relations contacts
Karl Kolah Madhurima Kane Email: karl.kolah@phoenixmills.com Email: madhurima.kane@phoenixmills.com Website: https://www.thephoenixmills.com/investors Linkedin: The Phoenix Mills Limited 57 57