OnMobile Global Ltd. — Earnings Release 2024

May 14, 2024

ONMOBILE GLOBAL LIMITED Tower #1, 94/1 C & 94/2, Veerasandra Village, Attibele Hobli, Anekal Taluk, Electronic City Phase-1, Bangalore - 560100, Karnataka, India P: +91 80 4009 6000 | F: +91 80 4009 6009 CIN - L64202KA2000PLC027860 Email - investors@onmobile.com www.onmobile.com

May 14, 2024

To Department of Corporate Services, The Listing Department BSE Limited National Stock Exchange of India Limited Phiroze Jeejeebhoy Towers, Exchange Plaza, Dalal Street, Bandra Kurla Complex, Bandra (East) Mumbai - 400 001 Mumbai - 400 051 Scrip Code: 532944 Scrip Code: ONMOBILE

Dear Sir/ Madam,

Sub: Intimation of Press Release

This is to inform you that OnMobile Global Limited is issuing a press release titled “OnMobile Reports Fourth Quarter of Fiscal Year 2024 Results”, a copy of which is enclosed herewith.

Requesting you to please take the same on record.

Thanking you,

Yours sincerely, For OnMobile Global Limited

Pakanati V Digitally signed by Pakanati V Varaprasa Varaprasad Date: 2024.05.14 d 20:32:32 +05'30'

P V Varaprasad Company Secretary

Encl: a/a

OnMobile Reports Fourth Quarter of Fiscal Year 2024 Results

FY24 EBITDA of INR 283 Mn more than 2x YoY (Growth of 122%)

Mobile Gaming: Growth momentum continues; Revenue grew 12.6% - QoQ & 19.5% YoY. Net active subscriber base 6.75mn (26% QnQ)

Bengaluru, 14th May 2024: OnMobile Global Limited (“OnMobile”), the global leader in mobile gaming & entertainment, today announced the financial results for the Fourth quarter of FY24 ended March 31, 2024.

Highlights:

• Q4FY24 revenue at INR 1,252 Mn, up 2.4% QoQ

• Q4FY24 Gross Profit improved to INR 643 Mn at 52.4% , up 8.8% QoQ

• Q4FY24 EBITDA at INR 34 Mn vs INR 2 Mn last quarter

• FY24 people cost reduced by 19.2% to INR 1,082 Mn vs INR 1,339 Mn in FY23

• FY24 EBITDA at INR 283 Mn vs INR 127 Mn in FY23, up 122%

• Mobile Gaming revenue increased by 19.5% YoY to INR 804 Mn during FY24

• 6.75 Mn net active subscriber base in mobile gaming in Q4 FY24; increase of 26% QoQ

• DSO is at 94 days compared to 105 days in Q3 .

Commenting on Q4FY24 results, François-Charles Sirois, Executive

Chairman & Managing Director & Global CEO, OnMobile, said, Mobile gaming revenue has grown by 12.6% QoQ with a total net active subscriber base of 6.75 mn, a growth of 26% QoQ. Till date we have signed 155 customers and out of which 101 are live. We continue to optimize our marketing spends in all deployed customers. With all these carrier relationships, we will emphasise on strategic deals related to core B2B operations. “

Radhika Venugopal, Global CFO, OnMobile said, “On full year basis, both EBITDA and PAT increased significantly, exceeding 100% YoY growth majorly due to our cost optimization efforts. Our Gaming Business continues to experience consistent growth. We expect this increase to boost both revenue and profitability in FY25. ”

Consolidated Financial Press Release:

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OnMobile Global Limited
Registered office: Tower 1, 94/1C & 94/2, Veerasandra Village, Electronic City Phase-1, Bengaluru- 560100
CIN: L64202KA2000PLC027860 Website: www.onmobile.com
Statement of audited consolidated results for the quarter and year ended March 31, 2024
Amount in Rs Millions except data per share
Quarter ended Ye ar ended
March 31, 2024 December 31, 2023 March 31, 2023 March 31, 2024 March 31, 2023
Sl. No Particulars
(Audited) (Ref Note 9) (Unaudited) (Audited) (Ref Note 9) (Audited) (Audited)
1 Revenue from Operations
Mobile entertainment services 1,226.81 1,197.27 1,282.00 5,132.40 5,251.65
Other income (net) 34.69 44.04 (12.32) 201.77 107.06
Total Income 1,261.50 1,241.31 1,269.68 5,334.17 5,358.71
2 Expenses
(a) Content fee and royalty 560.99 595.28 562.52 2,345.00 2,431.06
(b) Contest expenses 15.60 7.73 (18.66) 42.98 32.90
(c) Cost of software licenses and others 28.84 31.18 31.39 137.54 136.50
(d) Employee benefits expenses 263.57 269.24 320.72 1,082.00 1,339.06
(e) Finance costs 17.50 12.59 2.50 45.61 5.95
(f) Depreciation and amortisation expenses 26.70 28.10 25.77 112.14 102.58
(g) Marketing expenses 213.54 202.34 245.19 859.05 754.52
(h) Other expenses 117.39 89.88 120.26 444.56 432.74
Total expenses 1,244.13 1,236.34 1,289.69 5,068.88 5,235.31
3 Profit before share of profit/(loss) of associates, 17.37 4.97 (20.01) 265.29 123.40
exceptional items and tax (1 - 2)
4 Share of profit/(loss) of associates (0.36) 0.15 (0.26) 0.09 0.14
5 Profit/(loss) before tax and exceptional items (3+4) 17.01 5.12 (20.27) 265.38 123.54
6 Exceptional items - net (Refer note 7) - - (51.64) - (51.64)
7 Profit/(loss) before tax (5+6) 17.01 5.12 (71.91) 265.38 71.90
8 Tax expense
(a) Current tax 41.32 27.74 (9.53) 89.05 53.61
(b) Earlier year provision (22.56) - (10.60) (22.56) (10.60)
(c) Deferred tax 5.06 1.32 (18.62) 45.73 (27.03)
(d) Minimum Alternate Tax (MAT) credit entitlement - - (11.96) - (11.96)
Total tax 23.82 29.06 (50.71) 112.22 4.02
9 Profit/(loss) for the period / year (7-8) (6.81) (23.94) (21.20) 153.16 67.88
10 Other comprehensive income
A. (i) Items that will not be reclassified to profit or loss 18.65 (1.68) 2.53 (1.54)
(Refer Note 8) (11.42)
(ii) Income tax relating to items that will not be 2.70 0.49 (0.74) 0.45
reclassified to profit or loss (4.81)
B. (i) Items that will be reclassified to profit or loss (88.34) 25.57 (58.47) (184.79) 36.92
(ii) Income tax relating to items that will be reclassified to profit or loss - - (0.08) - 0.18
Other comprehensive income/(loss) for the year , net of (104.57) 46.92 (59.74) (183.00) 36.01
tax
11 Total comprehensive income for the period/ year (9+10) (111.38) 22.98 (80.94) (29.84) 103.89
12 Profit attributable to:
Owners of the Company (5.91) (25.25) (21.38) 152.37 67.27
Non-controlling interests (0.90) 1.31 0.18 0.79 0.61
(6.81) (23.94) (21.20) 153.16 67.88
13 Total comprehensive income attributable to:
Owners of the Company 48.59 46.92 (59.74) (29.84) 36.01
Non-controlling interests - - - - -
48.59 46.92 (59.74) (29.84) 36.01
12 Paid up equity share capital (Face value of Rs 10/- each) 1,062.14 1,062.14 1,060.15 1,062.14 1,060.15
13 Other equity 5,434.53 5,485.99
14 Earnings per share (of Rs. 10 each) (not annualised except for
year ended March 31, 2024 and March 31, 2023)
(a) Basic (0.07) (0.23) (0.20) 1.44 0.64
(b) Diluted (0.08) (0.23) (0.20) 1.43 0.63
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About OnMobile

OnMobile Global [NSE India: ONMOBILE] [BSE Ltd: 532944], the leader in cutting-edge mobile gaming and entertainment, is headquartered in Bangalore, India, with its presence in over 50 countries across the globe. OnMobile is focused on building customer-first Mobile Gaming products while offering a wide array of digital products such as Videos, Tones, & Contests. Based on current deployments, OnMobile has over 74.7 Million monthly users globally. For further information, please visit www.onmobile.com.

For media queries, please contact: pr@onmobile.com