Zaggle Prepaid Ocean Services (ZAGGLE) Q4 24/25 earnings summary

Executive summary

• Achieved record FY25 revenue of INR 13,037.57 million, up 68% YoY, and PAT of INR 878.98 million, nearly double last year, reflecting strong growth and profitability across all business segments.

• Expanded customer base to 3,455 corporates and 3.28 million users, with churn below 1.5%.

• Launched new AI-powered solutions, strategic partnerships, and international expansion initiatives.

• Board approved audited standalone and consolidated financial results for FY25, with unmodified audit opinions.

• Significant capital market activity included an IPO in FY24 and a QIP in Q4 FY25.

Financial highlights

• Q4 FY25 revenue grew 51% YoY to INR 4,114.5 million; PAT up 67% YoY to INR 319.6 million.

• FY25 adjusted EBITDA was INR 1,244.9 million (+45.5% YoY); PAT margin improved to 6.7% from 5.7% in FY24.

• Cash flow from operations improved to INR 19.8 crore in FY25 from negative in FY24; cash and cash equivalents at year-end were INR 381.81 million.

• EPS (Basic) for FY25 was 6.99, up from 4.06 in FY24.

• Gross margin for FY25 was 47.8%.

Outlook and guidance

• FY26 topline organic growth projected at 35%-40%, with EBITDA margin guidance raised to 10%-11%.

• Long-term EBITDA margin target of 12%-15% over the next 3-4 years, with annual improvement of 100 basis points expected.

• Consolidated revenue growth could reach 80% if planned acquisitions close before September.

• Unutilised IPO and QIP proceeds as of March 31, 2025, are temporarily invested in deposits with scheduled commercial banks.