Zoomcar Holdings (ZCAR) investor relations material

Executive summary

• Achieved seventh consecutive quarter of positive contribution profit, reaching $1.14M for Q1 2025, up from $0.46M year-over-year, with contribution profit per booking rising to $10.89 from $4.07.

• Repeat user rates increased to 13% from 9% year-over-year, and high-quality host rates improved to 46% from 30%.

• Operational improvements, strategic partnerships, and product enhancements drove customer loyalty and efficiency.

• Net revenue for Q1 2025 was $2.31M, a 3% increase year-over-year, with improved gross and contribution margins.

• Despite progress, substantial doubt remains about ongoing viability due to critical cash shortages and debt defaults.

Financial highlights

• Contribution margin improved to 49% from 20% year-over-year, with contribution profit per booking up to $10.89 from $4.07.

• Gross booking value increased 4% year-over-year to $6.47M, despite a 7% decline in bookings served.

• Adjusted EBITDA loss improved by 47% year-over-year, narrowing to $1.73M from $3.26M.

• Loss from operations declined 48% to $1.76M compared to $3.37M in the prior year quarter.

• Cash and cash equivalents were $0.39M as of June 30, 2025, with negative working capital of $27.8M.

Outlook and guidance

• Management anticipates breakeven in the near term, supported by operational efficiency gains and cost optimization.

• Additional capital is required imminently to meet obligations, with ongoing efforts to raise funds through bridge financing or a public offering.

• Current cash is expected to support operations only through September 30, 2025, assuming no debt payments.