EXPLEO SOLUTIONS LIMITED — Earnings Release 2026

Nov 13, 2025

SEC/SE/072/25-26 Chennai, November 14, 2025

BSE Limited , National Stock Exchange of India Limited , Phiroze Jeejeebhoy Towers, Exchange Plaza, C-1, Block G, P J Towers, Dalal Street, Bandra Kurla Complex, Mumbai – 400 001 Bandra (East), Scrip Code: 533121 Mumbai - 400 051 Symbol: EXPLEOSOL

Sub: Submission of Earnings Presentation.

Dear Sir/Madam,

Please find attached the Earnings presentation for the quarter ended September 30, 2025.

The above information shall also be made available on the website of the Company i.e., https://investors.expleo.com.

You are requested to take the above on record and oblige.

Thanking you,

Yours faithfully, For Expleo Solutions Limited

SESHADRI Digitally signed by SESHADRI SAMPATH SAMPATH KUMAR Date: 2025.11.14 KUMAR 00:04:52 +05'30'

S. Sampath Kumar Company Secretary and Compliance Officer Membership No. FCS 3838

Encl: As above.

Expleo Solutions Ltd.

6A, Sixth Floor, Prince InfoCity II, No. 283/3 & 283/4, Rajiv Gandhi Salai (OMR) Kandanchavadi, Chennai 600096 • India • T. +91 44 4392 3200

CIN: L64202TN1998PLC066604 • GST No: 33AABCT0976G1ZG

Earnings Presentation Q2 FY26

13[TH] NOVEMBER 2025

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Safe Harbor

This presentation has been prepared by Expleo Solutions Limited solely to provide information about the Company.

No representation or warranty, express or implied is made as to, and no reliance should be placed on, the fairness, accuracy, completeness or correctness of such information or opinions contained herein. None of the Company nor any of its respective affiliates, advisers or representatives, shall have any liability whatsoever (in negligence or otherwise) for any loss howsoever arising from any use of this presentation or its contents or otherwise arising in connection with this presentation.

The information contained in this presentation is only current as of its date. The Company may alter, modify or otherwise change in any manner the content of this presentation, without obligation to notify any person of such revision or changes. Certain statements made in this presentation may not be based on historical information or facts and may be "forward-looking statements", including those relating to the Company’s general business plans and strategy, its future financial condition and growth prospects, and future developments in its industry and its competitive and regulatory environment. Actual results may differ materially from these forward-looking statements due to a number of factors, including future changes or developments in the Company’s business, its competitive environment, information technology and political, economic, legal and social conditions in India.

Please note that this presentation is based on the publicly available information on Expleo Solutions including but not limited to Company’s website and Annual Reports.

This communication is for general information purposes only, without regard to specific objectives, financial situations and needs of any particular person. Please note that investments in securities are subject to risks including loss of principal amount.

This presentation does not constitute an offer or invitation to purchase or subscribe for any shares in the Company and neither any part of it shall form the basis of or be relied upon in connection with any contract or commitment whatsoever.

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2

Agenda

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Performance Review

Consolidated Financial Summary

Operating Metrics

Consolidated Quarterly P&L

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3

Consolidated Q2FY26 Q-o-Q Review

Revenue:

• Operating Revenue was Rs 2,827 million vs Rs 2,596 million, up by 8.9%

• Total Income was Rs 2,954 million vs Rs 2,666 million, up by 10.8%

Profit:

• Adjusted EBITDA stood at Rs 483 million vs Rs 332 million in Q1FY26, up by 45.5%

• Adjusted EBITDA margin of 17.1% in Q2FY26 as against 12.8% in Q1FY26, up by 430bps

• PAT including OCI was at Rs 431 million vs Rs 247 million in Q1FY26, up by 74.3%

• PAT including OCI margin of 14.6% in Q2FY26 as against 9.3% in Q1FY26, up by 531bps

• Basic EPS at Rs 25.62 in Q2FY26 as against Rs 13.16 in Q1FY26, up by 94.7%

Cash:

• Net cash position stood at Rs 3,030 million vs Rs 2,382 million for Q1FY26

*Note:

Adjusted EBITDA Calculation = PAT + Tax + Forex Loss / (Gain) + Finance Cost + Depreciation – Other Income

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4

Consolidated Q2FY26 Y-o-Y Review

Revenue:

• Operating Revenue was Rs 2,827 million vs Rs 2,593 million, up by 9.0%

• Total Income was Rs 2,954 million vs Rs 2,719 million, up by 8.6%

Profit:

• Adjusted EBITDA stood at Rs 483 million vs Rs 423 million in Q2FY25, up by 14.2%

• Adjusted EBITDA margin of 17.1% in Q2FY26 as against 16.3% in Q2FY25, up by 77bps

• PAT including OCI was at Rs 431 million vs Rs 357 million in Q2FY25, up by 20.7%

• PAT including OCI margin of 14.6% in Q2FY26 as against 13.1% in Q2FY25, up by 146bps

• Basic EPS at Rs 25.62 in Q2FY26 as against Rs 22.86 in Q2FY25, up by 12.0%

Cash:

• Net cash position stood at Rs 3,030 million vs Rs 2,762 million for Q2FY25

*Note:

Adjusted EBITDA Calculation = PAT + Tax + Forex Loss / (Gain) + Finance Cost + Depreciation – Other Income

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5

Consolidated H1FY26 Y-o-Y Review

Revenue:

• Operating Revenue was Rs 5,423 million vs Rs 5,114 million, up by 6.0%

• Total Income was Rs 5,610 million vs Rs 5,254 million, up by 6.8%

Profit:

• Adjusted EBITDA stood at Rs 815 million vs Rs 820 million in H1FY25

• Adjusted EBITDA margin of 15.0% in H1FY26 as against 16.0% in H1FY25

• PAT including OCI was at Rs 678 million vs Rs 594 million in H1FY25, up by 14.1%

• PAT including OCI margin of 12.1% in H1FY26 as against 11.3% in H1FY25

• Basic EPS at Rs 38.78 in H1FY26 as against Rs 38.26 in H1FY25, up by 1.4%

Cash:

• Net cash position stood at Rs 3,030 million vs Rs 2,762 million for H1FY25

*Note:

Adjusted EBITDA Calculation = PAT + Tax + Forex Loss / (Gain) + Finance Cost + Depreciation – Other Income

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6

Consolidated Financial Summary

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30-Sep-25 30-Jun-25 30-Sep-24 30-Sep-25 30-Sep-24
QoQ YoY YoY
Particulars Metrics
Growth Growth Growth
Q2 FY26 Q1 FY26 Q2 FY25 H1 FY26 H1 FY25
Revenue Total Revenue 2,954.0 2,665.9 10.8% 2,719.4 8.6% 5,609.9 5,253.6 6.8%
(Rs Million) Net Revenue 2,827.0 2,596.5 8.9% 2,592.6 9.0% 5,423.4 5,114.2 6.0%
Adjusted EBITDA 482.7 331.8 45.5% 422.8 14.2% 814.5 820.2 -0.7%
PBT Before Forex Gain / Loss 444.6 293.6 51.4% 348.6 27.5% 738.2 667.5 10.6%
Profit
PBT 513.8 283.6 81.2% 444.7 15.5% 797.4 754.2 5.7%
(Rs Million)
PAT (Before OCI) 397.6 204.3 94.7% 354.9 12.0% 601.8 593.9 1.3%
Total Comprehensive Income 430.9 247.2 74.3% 357.0 20.7% 678.1 594.2 14.1%
Adjusted EBITDA 17.1% 12.8% 16.3% 15.0% 16.0%
PBT Before Forex Gain / Loss 15.0% 11.0% 12.8% 13.2% 12.7%
Margin (%) PBT 17.4% 10.6% 16.4% 14.2% 14.4%
PAT (Before OCI) 13.5% 7.7% 13.0% 10.7% 11.3%
Total Comprehensive Income 14.6% 9.3% 13.1% 12.1% 11.3%
Basic 25.62 13.16 94.7% 22.86 12.0% 38.78 38.26 1.4%
EPS (Rs)
Diluted 25.62 13.16 94.7% 22.86 12.0% 38.78 38.26 1.4%
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7

Consolidated Financial Summary

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Revenue by Industry
0.4% 0.3% 0.2%
9.4% 10.7% 11.4%
9.2% 8.2% 11.6%
81.0% 80.8% 76.8%
Q2 FY26 Q1 FY26 Q2 FY25
BFSI Aero Auto Transportation
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Revenue by Region
31.2% 33.0% 34.1%
12.9% 12.4% 14.1%
55.9% 54.6% 51.8%
Q2 FY 26 Q1 FY26 Q2 FY25
Europe North America Asia
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Top Clients Contribution
53% 54% 56%
35% 34% 36%
Q2 FY 26 Q1 FY26 Q2 FY25
Top 5 Top 10
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Digital Revenue (INR Mn) & % Share
53%
48%
47%
1,488
1,218 1,245
Q2 FY 26 Q1 FY26 Q2 FY25
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8 © 2020 Expleo Solutions Limited, All Rights Reserved.

Consolidated Financial Summary

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Active Clients
214
200 199
Q2 FY 26 Q1 FY26 Q2 FY25
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Customer Profile (12m Rolling)
29 28 28
17
15
11
Q2 FY 26 Q1 FY26 Q2 FY25
Revenue 0.5 to 1 Mn $ Revenue above 1 Mn $
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Debtors Days
104 106
95
Q2 FY 26 Q1 FY26 Q2 FY25
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Delivery Employee Details
3,541 3,560 3,643
Q2 FY 26 Q1 FY26 Q2 FY25
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9 © 2020 Expleo Solutions Limited, All Rights Reserved.

Consolidated Financial Summary

Sr No.	Consolidated Unaudited Financial Statements for the Quarter ended (All figures in INR Million except EPS)	30-Sep-25 30-Jun-25 30-Sep-24 30-Sep-25 30-Sep-24 Q2 FY26 Q1 FY26 Q2 FY25 H1 FY26 H1 FY25 QoQ Growth YoY Growth	YoY Growth
	Net Sales / Income from Operation
1	Income 2,827.0 2,596.5 8.9% 2,592.6 9.0% 5,423.4 5,114.2		6.0%
2	Expenditure
(a)	Employee Cost 1,738.3 1,649.6 5.4% 1,523.7 14.1% 3,387.9 3,003.2		12.8%
(b)	Depreciation 74.4 76.7 -3.1% 95.2 -21.9% 151.1 188.9		-20.0%
(c)	Other Expenditure 621.6 639.6 -2.8% 646.1 -3.8% 1,261.2 1,290.9		-2.3%
(d)	Total Expenditure 2,434.2 2,365.9 2.9% 2,265.0 7.5% 4,800.2 4,482.9		7.1%
3	Profit from Operations before Other Income, Interest & Exceptional Items (1-2) 392.7 230.6 70.3% 327.6 19.9% 623.3 631.3		-1.3%
4(a)	Other Income from Operations 15.7 24.5 -36.2% - 0.0% 40.2 -		0.0%
4(b)	Other Income regular 42.2 44.9 -6.1% 30.7 37.3% 87.1 52.7		65.4%
5	Profit before Interest and Exceptional Items(3+4) 450.5 300.0 50.2% 358.3 25.7% 750.6 684.0		9.7%
6	Finance Cost 6.0 6.4 9.7 12.4 16.5
7	Exchange Gain/(loss) 69.2 (10.0) 96.1 59.2 86.7
8	Profit after Interest but before Exceptional Items(5-6+7) 513.8 283.6 81.2% 444.7 15.5% 797.4 754.2		5.7%
9	Exceptional Items -
10	Profit(+)/ Loss(-) from Ordinary Activities before Tax(8+9) 513.8 283.6 81.2% 444.7 15.5% 797.4 754.2		5.7%
11	Tax Expenses 116.2 79.3 46.5% 89.8 29.4% 195.5 160.3		21.9%
12	Net Profit(+)/ Loss(-) from Ordinary Activities after Tax(10-11) 397.6 204.3 94.7% 354.9 12.0% 601.8 593.9		1.3%
13	ExtraordinaryItems(net of tax expense Rs.)
14	Net Profit(+)/ Loss(-) for the Period(12-13) 397.6 204.3 94.7% 354.9 12.0% 601.8 593.9		1.3%
15	Other Comprehensive Income 33.3 43.0 2.2 76.2 0.4
16	Total Comprehensive Income for theperiod(14+15) 430.9 247.2 74.3% 357.0 20.7% 678.1 594.2		14.1%
17	Earnings Per Share(EPS)in Rs.
(a)	Basic and diluted EPS before Extraordinaryitems(not annualized) 25.62 13.16 94.7% 22.86 12.0% 38.78 38.26		1.4%
(b)	Basic and diluted EPS after Extraordinaryitems(not annualized) 25.62 13.16 94.7% 22.86 12.0% 38.78 38.26		1.4%

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10 © 2020 Expleo Solutions Limited, All Rights Reserved.

Our values

Courage

Excellence

Collaboration

Respect

Accountability

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11 © 2020 Expleo Solutions Limited, All Rights Reserved.

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