Zaggle Prepaid Ocean Services (ZAGGLE) Q4 25/26 earnings summary

Executive summary

• Achieved record annual and quarterly financial performance in FY26, with consolidated revenue of INR 19,076 million (up 46.3% YoY), adjusted EBITDA of INR 1,916 million (up 51.0% YoY), and PAT of INR 1,388 million (up 51.8% YoY).

• Standalone and consolidated audited results for FY26 were approved with unmodified audit opinions; significant acquisitions included GreenEdge, Rivpe Technology (now Zagg.Money), and Dice.

• Expanded product suite, entered consumer retail credit card market, and established a global payments platform in GIFT City.

• Focused on leveraging AI and automation for efficiency, product innovation, and global expansion.

Financial highlights

• Standalone FY26 revenue reached INR 18,528 million (up 42.2% YoY), adjusted EBITDA INR 1,828 million (up 46.8% YoY), and PAT INR 1,329 million (up 51.9% YoY).

• Consolidated FY26 revenue was INR 19,076.46 million, adjusted EBITDA INR 1,916 million, and PAT INR 1,388 million.

• Q4 FY26 consolidated revenue was INR 6,179 million (up 49.9% YoY), adjusted EBITDA INR 605 million (up 62.4% YoY), and PAT INR 406 million (up 30.4% YoY).

• Propel platform contributed 57% of annual revenue, program fees 41%, and platform fees 2%.

• EBITDA margin expanded to 9.9% (consolidated) for FY26; PAT margin at 7.2%.

Outlook and guidance

• Projected standalone revenue growth of 25%-30% and consolidated revenue growth of 40% for FY27.

• EBITDA guidance to be provided after Dice integration; focus on cash flow improvement and margin expansion.

• International expansion prioritized for MENA, UAE, and U.S., with U.S. launch delayed due to geopolitical uncertainty.

• Company monitoring regulatory changes, including new Labour Codes, and will adjust accounting as needed.