Awfis Space Solutions Limited — Earnings Release 2025

May 26, 2025

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Date: May 26, 2025

To, To, National Stock Exchange of India Limited BSE Limited (“BSE”) (“NSE”) Listing Department Listing Department Corporate Relationship Department Exchange Plaza, C-1 Block G, Bandra Kurla Phiroze Jeejeebhoy Towers, Complex Bandra [E], Mumbai – 400051 Dalal Street, Fort, Mumbai - 400 001 NSE Scrip Symbol: AWFIS BSE Scrip Code: 544181 ISIN: INE108V01019 ISIN: INE108V01019

SUBJECT: Press Release- Financial results the quarter and Financial Year ended March 31, 2025

Dear Sir/Ma’am,

Pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, enclosed herewith is the press release issued by the Company on the captioned subject, the content of which is self-explanatory.

The above information is being made available on the website of the Company https://www.aw�is.com/investor-relations.

We request you to kindly take this on your record and suitably disseminate it to all concerned. Thanking You,

For Aw�is Space Solutions Limited

Digitally signed by AMIT KUMAR Date: 2025.05.26 15:43:17 Date: 2025.05.26 15:43:17 +05'30'

AMIT KUMAR KUMAR Date: 2025.05.26 15:43:17 +05'30' Amit Kumar Company Secretary and Compliance Of�icer M. No. A31237 Address: C-28 and 29 Kissan Bhawan, Qutub Institutional Area New Delhi 110016

Corporate and Regd. Office

Awfis Space Solutions Limited

C-28-29, Kissan Bhawan, Qutab Institutional Area, New Delhi – 110016 www. awfis.com | Email: info@awfis.com | Phone: 011- 69000657 CIN: L74999DL2014PLC274236

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Awfis Space Solutions Limited

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Awfis Achieved Highest Ever Yearly Revenue of Rs. 1,208 crores in FY25 Operational Revenue Soars 42% Y-o-Y

FY25 Guidance Achieved

• ~135k Total Operating Seats

• ~42% Total Revenue Growth

• ~440 bps EBITDA Margin Improvement

Mumbai, 26[th] May 2025: Awfis Space Solutions Limited (Awfis) a leading flexible workspace solutions provider company in India has released its audited financial results for the quarter and year ended 31[st] March 2025

Commenting on the results, Mr. Amit Ramani, Chairman and Managing Director, Awfis Space Solutions Limited, said:

“I am pleased to share that we have successfully achieved our FY25 guidance, delivering revenue growth of over 30%. Our revenues rose by 42% year-on-year, reaching Rs. 1,208 crores in FY25. Additionally, operational EBITDA grew by 64% during this period to Rs. 402 crores , resulting in an EBITDA margin of 33.3% . This represents an expansion of over ~440 bps compared to FY24, exceeding our initial expectations.

We delivered on our commitment to reach the targeted 135K operational seats by March 2025. Since March 2024, we have added 39K+ seats and 48 centers, bringing our total to 134K+ seats across 208 operational centers. Including fit-outs and LOIs, we now have around 164K seats covering 8.4 million square feet.

Our asset-light, risk-averse Managed Aggregation (MA) model remains at the core of our strategy, with 67% of seats and 64% of centers aligned under this approach to maximize returns on investment.

We have strengthened our client base with marquee names like the National Stock Exchange (NSE) and several GCCs , while also onboarding three prominent global organizations at our premium centers in Hyderabad, reinforcing our position as the preferred partner for forward-looking businesses.

As part of expanding our service categories, we have partnered with ECOS (India) Mobility & Hospitality Limited to offer premium chauffeur-driven and employee transportation services, addressing the growing demand for reliable, secure, and cost-efficient corporate mobility solutions.

Looking ahead to FY26, our strategy will have two phases. In the first half, we will focus on optimizing our expanded capacity from FY25, driving strong occupancy and efficiency. In the second half, we will prioritize strategic capacity expansion, targeting high-potential locations to capture emerging demand and maximize returns. Together, these steps will position us for sustained, profitable growth.”

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Awfis Space Solutions Limited

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Operational Highlights:

Particulars	Mar’24 Operational	Additions	FY25 Operational	Under Fit-out	FY25 Total	Signed LOI^	FY25 Total + Committed Pipeline
Seats (Nos.)	95,030	39,091	1,34,121	18,451	1,52,572	11,187	1,63,759
Centers (Nos.)	160	48	208	22	230	13	243
Chargeble Area (Mn Sq Ft)	4.8	2.1	6.9	0.9	7.8	0.6	8.4

^LOI refers to Letters of Intent signed with space owners

Consolidated Financial Highlights:

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• Adjusted for Ind-AS 109 - Financial Instruments & Ind-AS 102 –Share based payments

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Awfis Space Solutions Limited

FY25 Consolidated Financial Highlights

• On Reported basis:

• FY25 reported strong Operating Revenue of Rs. 1,208 Crs, growth of 42% YoY

• Operating EBITDA margin for FY25 is 33.3%, improved by 440 bps on YoY basis, on back of strong revenue growth, occupancy improvement, Enterprise clients, Allied services and operating efficiencies

• In FY25, reported PBT (excl. Exceptional Items) is Rs. 44 Crs vs loss of Rs. 18 Crs in FY24

• Exceptional Item includes sale of Facility Management business (“Awfis Care”)

• On IGAAP Equivalent basis:

• Operating EBITDA margin improved to 13.9% in FY25 against 8.1% in FY24

• FY25 PBT (excl. Exceptional Items) was Rs. 97 crores against PAT of Rs 13 Crs in FY24

Q4FY25 Consolidated Financial Highlights

• On Reported basis:

• Q4FY25 reported strong Operating Revenue of Rs. 340 Crs, growth of 46% YoY

• Operating EBITDA margin for Q4FY25 is 34.1%, improved by 520 bps on YoY basis, on back of strong revenue growth, Enterprise clients, Allied services and operating efficiencies

• In Q4FY25, reported PBT (excl. Exceptional Items) is Rs. 12 Crs vs PBT of Rs. 1 Crs in Q4FY24

• On IGAAP Equivalent basis:

• Operating EBITDA margin improved to 14.2% in Q4FY25 against 9.2% in Q4FY24

• Q4FY25 PBT (excl. Exceptional Items) was Rs. 27 crores against PBT of Rs 6 Crs in Q4FY24

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Awfis Space Solutions Limited

About Awfis Space Solutions Limited

Awfis Space Solutions Ltd. (‘Awfis’) is India’s leading and only listed flexible workspace solutions provider offering the largest network of agile workspaces. The company enables small and large corporates to seamlessly book and utilize workspaces as per their requirement and convenience. The comprehensive suite of solutions includes Flex Space Solutions (Coworking and Customized Managed Offices), Mobility Solutions, Design & Build, Awfis Café, and TechLabsadvanced tech infrastructure. With a strong presence in 18 cities and 200+ centres, Awfis serves over 3,000 clients across diverse industries, ensuring scalable and adaptable workspace solutions for businesses of all sizes. For more information: Please log on to www.awfis.com. In addition, connect with us on Facebook, Instagram and LinkedIn.

Safe Harbor Statement

Statements in this document relating to future status, events, or circumstances, including but not limited to statements about plans and objectives, the progress and results of research and development, potential product characteristics and uses, product sales potential and target dates for product launch are forward-looking statements based on estimates and the anticipated effects of future events on current and developing circumstances Such statements are subject to numerous risks and uncertainties and are not necessarily predictive of future results. Actual results may differ materially from those anticipated in the forward-looking statements. The company assumes no obligation to update forward-looking statements to reflect actual results, changed assumptions or other factors.

	For more information, please contact	For more information, please contact
	Company: Awfis Space Solutions Limited CIN: L74999DL2014PLC274236 cs.corp@awfis.com **www.awfis.com **	Investor Relations (IR) Advisors: Strategic Growth Advisors Pvt. Ltd. CIN: U74140MH2010PTC204285 Mr. Ami Parekh ami.parekh@sgapl.net +91 8082466052 Mr. Pratik Shah p.s.shah@sgapl.net +91 9870030585

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