VEEFIN SOLUTIONS Q2 CONCALL : H1 REVENUE UP 116% YOY, EBITDA UP 160% & ₹920 CR OPPORTUNITY PIPELINE; MANAGEMENT EXPECTS STRONG GROWTH MOMENTUM TO CONTINUE

• MANAGEMENT EXPECTS HISTORICAL GROWTH MOMENTUM TO CONTINUE FOR APPROXIMATELY TWO YEARS, BUT HAS NOT PROVIDED SPECIFIC FY27 REVENUE GUIDANCE • MANAGEMENT MAINTAINS 45–50% STANDALONE EBITDA MARGIN GUIDANCE, WHILE CAUTIONING AGAINST EXTRAPOLATING CURRENT MARGINS ABOVE 55% • H1 CONSOLIDATED REVENUE UP 116.2% YOY TO ₹238.82 CR, WHILE EBITDA SURGED 159.5% TO ₹60.81 CR • H1 CONSOLIDATED EBITDA MARGIN IMPROVED 430 BPS YOY TO 25.5%, SUPPORTED BY STRONG OPERATING LEVERAGE • Q2 CONSOLIDATED REVENUE UP 9.2% QOQ TO ₹124.66 CR, WHILE EBITDA INCREASED 52.2% TO ₹36.70 CR • Q2 NET PROFIT UP 60.7% QOQ TO ₹15.32 CR, WITH EBITDA MARGIN EXPANDING TO 29.4% FROM 21.1% QOQ • H1 STANDALONE REVENUE UP 83.6% YOY TO ₹49.19 CR, WHILE EBITDA INCREASED 107.4% TO ₹27.20 CR • COMPANY REPORTED APPROXIMATELY ₹920 CR OF OPEN BUSINESS OPPORTUNITIES, INCLUDING ₹240 CR OF NEW OPPORTUNITIES ADDED DURING Q2 • APPROXIMATELY ₹46 CR OF OPPORTUNITIES WERE CONTRACTED DURING Q2, WHILE 75% OF THE OPEN PIPELINE IS FULLY QUALIFIED; THE PIPELINE IS NOT A CONFIRMED ORDER BOOK • INTERNATIONAL MARKETS ACCOUNT FOR APPROXIMATELY 84% OF THE OPPORTUNITY PIPELINE, WITH STRONG EXPOSURE TO SOUTHEAST ASIA, THE MIDDLE EAST & AFRICA • SUPPLY CHAIN FINANCE CONTRIBUTES 35% OF PIPELINE, FOLLOWED BY DIGITAL LENDING AT 23%, TRADE & CASH MANAGEMENT AT 18% & DIGITAL BANKING AT 16% • Q2 STANDALONE RECURRING REVENUE CONTRIBUTION REACHED 89.8%, WHILE EXISTING CUSTOMERS GENERATED APPROXIMATELY 69.9% OF QUARTERLY REVENUE • COMPANY INTRODUCED VEEFIN AI OS WITH OVER 1,000 REUSABLE AI SKILLS, TARGETING BANKING AUTOMATION, IMPLEMENTATION, CUSTOMER SUPPORT & TESTING • MANAGEMENT EXPECTS PRODUCT-DEVELOPMENT CAPITALIZATION TO LARGELY CEASE FROM FY28, WITH FUTURE DEVELOPMENT EXPENSES PRIMARILY FLOWING THROUGH THE P&L • MANAGEMENT EXPECTS H2 CASH FLOW RECOVERY, BUT NEGATIVE H1 OPERATING CASH FLOW, UNBILLED REVENUE, DEVELOPMENT SPENDING & ₹920 CR PIPELINE CONVERSION REMAIN KEY RISKS

VEEFIN SOLUTIONS LIMITED

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