REGAAL RESOURCES LIMITED — Earnings Release 2026

Sep 9, 2025

TINKU

KUMAR

GUPTA

Digitally signed by TINKU KUMAR GUPTA Date: 2025.09.09 18:41:17 +05'30'

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Press Release

Regaal Resources reports maiden post-listing results with Q1 FY26 revenue up 26.5% YoY to ₹2,465.7 Mn

Kolkata, West Bengal, 9[th] September 2025: Regaal Resources Limited (herein referred to as " RRL "), one of the most trusted names in wet maize milling, announced its Q1 FY26 results today. The Board of Directors of RRL at its meeting held on 9[th] September 2025 took on record the unaudited Financial Results for the first quarter of Financial Year 202526.

Key Highlights Q1 FY26

• Total income stood at ₹ 2,468.3 Mn for Q1 FY26, registering a growth of 26.3% YoY

• Operating EBITDA at ₹ 244.7 Mn in Q1 FY26, up by 2.2% YoY. Operating EBITDA Margin stood at 9.9%

• PAT stood at ₹ 90.7 Mn in Q1 FY26, down by 1.2% YoY. PAT Margin was at 3.7%

₹ Millions

Financial Summary	Q1 FY26	Q1 FY25	YoY%	Q4 FY25	QoQ%	FY25
Total Income	2,468.3	1,953.6	26.3%	2,599.9	(5.1%)	9,175.8
Revenue From Operations	2,465.7	1,948.8	26.5%	2,585.4	(4.6%)	9,151.6
Value Add	618.1	566.5	9.1%	621.5	(0.6%)	2,505.6
Value Add Margin	25.1%	29.1%	(400 bps)	24.0%	103 bps	27.4%
Operating EBITDA	244.7	239.4	2.2%	270.4	(9.5%)	1,127.9
Operating EBITDA Margin	9.9%	12.3%	(236 bps)	10.5%	(54 bps)	12.3%
PAT	90.7	91.7	(1.2%)	111.8	(18.9%)	476.7
PAT Margin	3.7%	4.7%	(103 bps)	4.3%	(65 bps)	5.2%
Diluted EPS (₹)	1.09	1.20	(8.9%)	1.34	(18.4%)	6.03

Notes:

• Value Add is calculated as revenue from operations minus cost of goods sold

• Value Add Margin shows value add as a percentage of revenue from operations

• Operating EBITDA represents profit before tax plus finance costs, depreciation, amortization, and minus other income.

• Operating EBITDA Margin shows EBITDA as a percentage of revenue from operations

• EPS, considering the effect of Split and Bonus Issuance

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Commenting on the results, Mr. Anil Kishorepuria, Chairman & Managing Director, Regaal Resources Limited said :

“We are deeply grateful for the overwhelming response to our IPO and the trust placed in Regaal Resources Limited. Your support strengthens our resolve to deliver on our commitments and take the company to greater heights. I am also pleased to share that we have already begun utilizing the net IPO proceeds of ₹1,871.4 Mn towards reducing debt, marking significant progress on our stated objectives.

We are pleased to report that the company demonstrated robust growth in the quarter gone by, with Operating Income increasing by 26.5% year-over-year to 2,465.7 Mn.

Our value-add for Q1 FY26 stood at ₹618.1 Mn, with a margin of 25.1%, reflecting a year-on-year decline of 400 basis points. This contraction was primarily driven by elevated maize procurement costs in March 2025, which impacted input costs for Q1 FY26. In contrast, during Q1 FY25, maize was purchased within the same quarter at lower prices due to limited storage capacity prior to the commissioning of our silos.

Our Operating EBITDA for Q1 FY26 stood at ₹244.7Mn, with a margin of 9.9%. The YoY decline in margin was primarily due to lower value-add margins, while the QoQ decline was driven by an 8-day shutdown in Jun’25 for repair and maintenance.

FY26 has started on a promising note, supported by stabilizing raw material costs, and healthy demand across end-user industries. With improving maize availability and demand scenario, we remain optimistic about the second half of the year. Looking ahead, we are focused on scaling up our crushing capacity from 825 TPD as on Jun’25 to 1,650 TPD by end of Q4 FY26 and introducing new derivatives such as Maltodextrin, Liquid Glucose, DAH, and DMH. Alongside an expanded range of modified starches and high-value derivatives, these initiatives will enable us to capture rising demand across processed foods, industrial applications, and FMCG, while enhancing margins and driving sustainable long-term growth. “

About Regaal Resources Limited

RRL is among India’s leading maize-based specialty product manufacturers with a modern wet milling facility in Bihar, strategically located near key maize-growing regions. With ~825 TPD crushing capacity, it ranks among the top maize milling companies in India, offering a wide portfolio including native and modified starches, maize flour, dextrin, and value-added products. Serving industries such as food & beverages, pharmaceuticals, textiles, paper, and animal nutrition.

For further information, please contact:

Saikat Chatterjee

Chief Financial Officer

Email: saikat@regaal.in

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