AvenuesAI (539807) Q4 25/26 earnings summary

Executive summary

• FY26 marked a strategic inflection, transforming from a payment gateway to an AI-native transaction infrastructure platform, integrating payments, merchant ecosystems, AI, regulatory infra, and international expansion.

• Completed corporate rebranding to AvenuesAI Limited, aligning with global ambitions and intelligent commerce opportunities.

• Embedded finance, asset-light lending, and AI orchestration are core to the roadmap, with international expansion (Middle East, GIFT City, US) as a key pillar.

• Rediff is evolving from a media platform to a consumer engagement and financial participation layer, launching Rediff Pay and Rediff One.

• Expanded international footprint, targeting 12-15% of payment net revenue from international markets by FY28.

Financial highlights

• FY26 consolidated/gross revenue reached INR 81,158 million, up 103% YoY; Q4 revenue was INR 24,895 million, up 115% YoY.

• Net revenue for FY26 was INR 6,031 million, up 15% YoY.

• Adjusted PAT for FY26 grew 58% YoY to INR 3,320 million; Q4 Adj. PAT rose 90% YoY to INR 955 million.

• Adjusted EBITDA for FY26 was INR 3,873 million (+24% YoY), with EBITDA margin at 64%.

• Transaction Processing Value (TPV) for FY26 was INR 5,038 billion (+55% YoY); Q4 TPV was INR 1,655 billion (+101% YoY).

Outlook and guidance

• FY27 is expected to focus on ecosystem integration, AI deployment, deeper merchant monetization, and international expansion.

• Profitability is expected to remain in a similar band as FY26, with operating leverage gradually improving as AI and automation scale.

• Guidance for FY27 will be provided in the first quarter call.

• FY26 actuals exceeded guidance across gross revenue, EBITDA, and PAT.