Zaggle Prepaid Ocean Services (ZAGGLE) Q3 25/26 earnings summary

Executive summary

• Achieved record quarterly and nine-month performance, with Q3 FY26 revenue at INR 4,976 million, up 47.9% YoY, and adjusted EBITDA at INR 513 million, surpassing INR 500 million for the first time.

• AI-driven operational improvements, including Agentic AI workflows, have significantly reduced product development cycles and enhanced automation in vendor reconciliations and compliance.

• Expanded customer base to 3.7 million active users and over 3,700 enterprise clients, with notable new contracts and cross-sell momentum.

• Strategic international expansion underway, including new subsidiaries in GIFT City and planned entry into the UAE and MENA region.

• Board and auditors approved standalone and consolidated unaudited financial results for the quarter and nine months ended December 31, 2025.

Financial highlights

• Q3 FY26 consolidated revenue from operations was INR 5,255.49 million, up from INR 3,368.87 million in Q3 FY25; adjusted EBITDA for Q3 FY26 was INR 513 million (+62.9% YoY); PAT for Q3 FY26 reached INR 370.62 million (+77.7% YoY).

• Nine-month FY26 consolidated revenue was INR 13,193.34 million, up from INR 9,057.06 million YoY; adjusted EBITDA at INR 1,277 million (+47.5% YoY); PAT at INR 981.52 million (+71.3% YoY).

• Gross profit for Q3 FY26: INR 2,368 million (+57.2% YoY); gross margin improved to 47.6%.

• Cash PAT for Q3 FY26: INR 461 million (+76.0% YoY); for 9MFY26: INR 1,212 million (+68.3% YoY).

• Basic consolidated EPS for Q3 FY26 was INR 2.76, up from INR 1.61 in Q3 FY25; nine-month EPS was INR 7.31, up from INR 4.62 YoY.

Outlook and guidance

• Expecting to achieve operating cash flow breakeven by FY26 and turn OCF positive in FY27.

• Margin expansion targeted, with adjusted EBITDA margin guidance of 14%-15% in five to seven years, alongside $1 billion revenue.

• Revenue growth guidance for FY26 is 40%-45% organically and domestically, with potential upside from acquisitions and international expansion.

• Focus remains on expanding platform capabilities globally and building a high-margin business with the salaried user base.

• Targeting revenue of INR 5,000 million from the new monetization pillar (Zagg.Money) leveraging 3.7 million salaried users.