Transcript of earnings conference call for the third quarter and nine months ended December 31, 2025

Mobavenue AI Tech Ltd reported strong Q3 FY26 results with consolidated revenue of INR 55.12 crores, up 67.2% year-on-year from INR 32.97 crores. EBITDA more than doubled to INR 12.25 crores (margin of 22.2%), and PAT grew 107% to INR 7.61 crores (margin 13.8%). For the 9-month period, revenue stood at INR 155.85 crores with an EBITDA margin of 20.5%. Revenue per outcome improved from INR 45.89 to INR 47.45, and 92% of revenue is now outcome-linked. International markets contributed 10.5% of 9M FY26 revenue, with new operations launched in LatAm and a UK subsidiary beginning to generate revenue. Management outlined a '50-plus compounding strategy' targeting 30% sustained annual revenue growth and 20%+ EBITDA margins, and raised INR 50 crores (of an approved INR 100 crore preferential issue at INR 1,088/share) to fund AI stack development, global expansion, and selective M&A over 12-18 months.