Affle 3i (AFFLE) Q2 26/27 earnings summary

Executive summary

• Outcome-led CPCU campaigns contributed 99.8% of H1 FY2027 revenue.

• Q2 and H1 FY2027 recorded double-digit YoY growth in revenue, EBITDA and PAT across India and emerging as well as developed markets.

• Auditors issued unmodified limited-review conclusions, with attention drawn to the held-for-sale Bobble investment and consolidated review limitations.

Financial highlights

• Q2 revenue from operations was INR 7,835.93 million vs INR 6,467.18 million YoY; H1 revenue was INR 15,307.57 million vs INR 12,674.58 million.

• Q2 EBITDA was INR 1,814 mn, up 24.2% YoY; H1 EBITDA was INR 3,491 mn, up 22.1%.

• Q2 net profit was INR 1,297.89 million vs INR 1,105.13 million YoY; H1 net profit was INR 2,582.28 million vs INR 2,160.13 million.

• Q2 PBT was INR 1,594.55 million vs INR 1,353.34 million YoY; H1 PBT was INR 3,172.42 million vs INR 2,645.29 million.

• Standalone Q2 revenue was INR 2,643.95 million vs INR 2,198.30 million YoY; net profit was INR 516.45 million vs INR 300.06 million.

Segment performance

• Q2 revenue mix was 73.7% India and emerging markets and 26.3% developed markets, growing 20.8% and 22.3% YoY, respectively.

• Q2 CPCU revenue was INR 7,819 mn, from 128.9 mn conversions at average CPCU of INR 60.6; H1 CPCU revenue was INR 15,274 mn, from 252.9 mn conversions at INR 60.4.

• Activities are reported as one consumer platform segment; operations are geographically organized across India and other countries.

• E-commerce, entertainment, fintech, gaming, groceries, healthtech, hospitality and other verticals accounted for 100% of revenue.