Affle 3i (AFFLE) Q1 24/25 earnings summary

Executive summary

• Achieved 27.8% year-over-year revenue growth and 2.6% sequential growth in Q1 FY2025, with broad-based gains across markets.

• EBITDA rose 34.0% year-over-year and 5.7% sequentially, with margins improving to 20.1%.

• PAT increased 30.8% year-over-year, maintaining a PAT margin of 15.9%.

• Unaudited standalone and consolidated financial results for the quarter ended June 30, 2024, were approved by the Board and reviewed by auditors without qualification.

• The group continues to classify its investment in Talent Unlimited Online Services ("Bobble") as held for sale, with a carrying value of INR 1,350.29 million for a 24.07% stake.

Financial highlights

• Q1 FY2025 consolidated revenue: INR 5,195.03 million, up from INR 4,065.84 million year-over-year.

• Consolidated net profit attributable to equity holders for Q1 FY25 was INR 865.90 million, compared to INR 661.78 million in Q1 FY24.

• EBITDA: INR 1,047 million, up from INR 781 million year-over-year, with margin at 20.1%.

• Basic and diluted consolidated EPS for Q1 FY25 were INR 6.18 and INR 6.17, respectively, up from INR 4.97 in Q1 FY24.

• Standalone revenue from operations for Q1 FY25 was INR 1,631.46 million, up from INR 1,371.31 million in Q1 FY24.

Outlook and guidance

• Maintains a verticalized focus on high-growth categories such as e-commerce, fintech, gaming, and foodtech, with over 90% revenue contribution from these segments.

• Strategic emphasis on expanding global reach and deepening presence in both developed and emerging markets.

• The company continues to invest QIP and preferential issue proceeds in line with specified purposes, with unutilized balances held in deposits.