AvenuesAI (539807) Q4 24/25 earnings summary

Executive summary

• Achieved record FY25 results, surpassing guidance on all key metrics including revenue, EBITDA, and PAT, with robust growth across fintech, AI, and digital infrastructure.

• Consolidated gross revenue for FY25 reached INR 39,926 million, net revenue INR 5,258 million, and PAT INR 2,095 million, up 27%, 25%, and 42% year-over-year, respectively.

• Board approved a rights issue of up to INR 700 crore to fund digital payments, AI/data centers, and international expansion.

• Rebranded with a new logo and identity, emphasizing innovation and an India-first philosophy.

• Unmodified audit opinion received on both standalone and consolidated results.

Financial highlights

• FY25 gross revenue rose 27% year-over-year to INR 39,926 million; net revenue up 25% to INR 5,258 million; PAT up 42% to INR 2,095 million.

• Q4 FY25 gross revenue up 62% year-over-year to INR 11,605 million; PAT up 53% to INR 503 million.

• FY25 consolidated EBITDA reached INR 3,121 million, up 23% year-over-year, with a 59% EBITDA margin.

• Transaction Processing Value (TPV) for FY25 reached INR 8,670 billion, up 23% year-over-year.

• Cash and cash equivalents at year-end stood at INR 3,313 million (consolidated).

Outlook and guidance

• Exceeded FY25 guidance for gross revenue, net revenue, EBITDA, and PAT, indicating strong execution and growth momentum.

• Strategic focus for FY26 on AI capability enhancement, data center expansion, and international market growth.

• International revenues expected to comprise 20%-25% of top line in the next two years, with higher take rates than India.

• Targeting 12-15% international contribution to payment net revenue by FY28, with expansion into GCC, SE Asia, USA, and Australia.

• Rights issue to fund RediffPay launch, Infibeam Quantum Edge, and AI Agentic Marketplace.