Route Mobile (ROUTE) Q3 24/25 earnings summary

Executive summary

• Revenue grew to INR 34,006 million for nine months FY 2025, with billable transactions reaching 116.6 billion and Q3 revenue at INR 11,838 million, up 15.6% YoY.

• EBITDA increased 9.1% YoY to INR 4,084 million for nine months FY 2025, with margin at 12.0%.

• PAT declined by 4% YoY for nine months FY 2025, with EPS at 41.72.

• Interim dividend of INR 3 per share recommended by the Board.

• Proximus Group formed Proximus Global, integrating BICS, TeleSign, and Route Mobile for expanded global reach and product offerings.

Financial highlights

• Gross profit margin held at 21.1%-21.3% for nine months FY 2025; EBITDA margin for Q3 FY 2025 was 11.9%.

• Net cash as of Dec 31, 2024, stood at INR 7,457 million; cash and cash equivalents at INR 9,303 million.

• Free cash flow conversion was strong at 102% for nine months FY 2025.

• Basic EPS for nine months ended Dec 31, 2024, was 41.72.

• PAT for nine months FY 2025 was INR 2,674 million, down 4% YoY.

Outlook and guidance

• Targeting 15% CAGR growth over the next three years, with EBITDA margin guidance at 12.5%-13% for FY 2025.

• Focus on leveraging Proximus Global synergies and expanding product portfolio.

• Management does not anticipate further provisions for an onerous contract, based on legal assessment and ongoing renegotiations.