Refex Industries Limited — Earnings Release 2026

Aug 13, 2025

==> picture [132 x 60] intentionally omitted <==

August 13, 2025

The BSE Ltd. The National Stock Exchange of India Ltd. 1[st] Floor, New Trading Wing, Rotunda Exchange Plaza, 5[th] Floor, C – 1, Block G Building Phiroze Jeejeebhoy Towers, Bandra – Kurla Complex, Bandra (E) Dalal Street, Fort Mumbai – 400001 Mumbai – 400051 Scrip Code: 532884 Symbol: REFEX

Ref.: Disclosure under Regulation 30 of Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015 (“SEBI Listing Regulations”)

Subject: Media Release on Unaudited Financial Results for the 1[st] Quarter Ended June 30, 2025

Dear Sir(s)/ Madam,

Pursuant to the Regulation 30 of the SEBI Listing Regulations, we are enclosing herewith a copy of the Media Release on Unaudited Financial Results for the 1[st] Quarter ended June 30, 2025.

• The same will also be made available on the website of the Company viz. https://refex.co.in/investors information.php

Kindly take the above information on your records.

Thanking you,

Yours faithfully,

For Refex Industries Limited

Digitally signed by ANKIT ANKIT PODDAR PODDAR Date: 2025.08.13 10:04:36 +05'30'

_______ Ankit Poddar Company Secretary and Compliance Officer ACS-25443 Place: Chennai

==> picture [486 x 92] intentionally omitted <==

==> picture [423 x 69] intentionally omitted <==

==> picture [120 x 40] intentionally omitted <==

Refex Industries Reports ₹ 395 Cr in Revenue for Q1 FY26

Chennai, 12[th] August, 2025 – Refex Industries Limited (NSE - REFEX | BSE - 532884) , Powering India’s green transformation with a dynamic portfolio spanning Ash & Coal Handling, Refrigerant Gases, and Green Mobility, the Company announces its Un-Audited Financial Results for Q1 FY26

Key Financial Highlights

	Standalone	Standalone	Consolidated	Consolidated
Particulars(₹ Cr)	Q1 FY26	Q1 FY25	Q1 FY26	Q1 FY25
Total Income	377.21	592.05	394.51	597.21
EBITDA	39.72	52.24	37.61	48.42
EBITDA Margin(%)	10.86%	8.86%	9.80%	8.14%
Net Profit	32.97	35.97	20.37	29.35
Net Profit Margin(%)	8.74%	6.08%	5.16%	4.91%
EPS(₹) (Basic)	2.56	3.11	1.58	2.54

Other Key Highlights:

Consolidated Revenue Composition for Q1 FY26:

• Ash & Coal Handling: ₹ 347.08 Cr

• Refrigerant Gas: ₹ 14.15 Cr

• Power Trading: ₹ 0.61 Cr

• Green Mobility: ₹ 17.24 Cr

• Solar Power: ₹ 2.73 Cr

• Wind power: ₹ 0.76 Cr

• Others: ₹ 1.30 Cr

Commenting on the performance, Mr. Anil Jain, Chairman & Managing Director of Refex Industries Limited said, “Q1 FY26 reflected the impact of an unusually early and intense monsoon, which brought record rainfall and temporarily slowed operations in our Ash & Coal Handling business. These were short-term, seasonal disruptions, and our underlying demand drivers remain intact.

Even in this softer quarter, we maintained healthy margins through disciplined cost control and operational agility. Our Green Mobility and Wind initiatives continue to build scale, diversifying our revenue base and strengthening our growth foundation.

With peak of monsoon impacts now behind us between Q1 and Q2, new contracts commencing, and sector demand expected to recover, we are confident of a strong rebound in the coming quarters and remain firmly focused on delivering sustainable, long-term value for our stakeholders.”

==> picture [424 x 87] intentionally omitted <==

==> picture [423 x 69] intentionally omitted <==

About Refex Industries Limited

Established in 2002, Refex Industries Limited, headquartered in Chennai, is a pioneer in sustainabilitydriven solutions in India. With over 22 years of expertise, Refex has built a diverse portfolio encompassing Ash & Coal Handling, eco-friendly Refrigerant Gases, Green Mobility initiatives, and Wind energy solutions.

With a purpose-led approach, Refex Industries continues to lead in advancing solutions that tackle environmental challenges and pave the way for a greener, more sustainable future for India.

For FY25, the Company had reported Standalone Total Income of ₹ 2,483 Cr, EBITDA of ₹ 216 Cr and Net Profit of ₹ 189 Cr.

Disclaimer

Certain statements in this document that are not historical facts are forward looking statements. Such forward-looking statements are subject to certain risks and uncertainties like government actions, local, political or economic developments, technological risks, and many other factors that could cause actual results to differ materially from those contemplated by the relevant forward-looking statements. The Company will not be in any way responsible for any action taken based on such statements and undertakes no obligation to publicly update these forward-looking statements to reflect subsequent events or circumstances.

For Further Information Please Contact Corporate Communication Advisor

==> picture [94 x 59] intentionally omitted <==

Kirin Advisors Private Limited Sunil Mudgal – Director sunil@kirinadvisors.com +91 98692 75849 www.kirinadvisors.com

==> picture [424 x 87] intentionally omitted <==