Annual Report of Amagi Media Labs Limited for the financial year 2025-26.

amag1 September 01, 2026 BRSeE: A LMimAiGteI/dS E/2026-27/62 National Stock Exchange of India Limited Phiroze Jeejeebhoy Towers, Exchange Plaza, C-1, Block G, SDcarlaipl SCtoredeet ,– F 5o4rt4, 679 SByamndbroal K –u ArlMa ACoGmI plex, Bandra (E), Mumbai – 400001, Maharashtra Mumbai – 400051, Maharashtra DSuebarje Scitr:/ AMnanduamal, Report for the financial year 2025-26. Pursuant to Regulation 34 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, please find enclosed the Annual Report of the Company for the financial year 2025-26. The Annual Report along with the Notice of the 18 Annual General Meeting (“ ”) is being sent today by electronic means to the shareholders whose e-mail ids are registered with the Company/Depository Participants (“ ”)/Depositories. Further, pursuant to Regulation 36(1)(b) of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, a letter containing the web-link, including the exact path of the website of the Company where the Notice of the 18 AGM and the Annual Report can be accessed is being sent to the shareholders whose email ids are not registered with the Company/DPs/Depositories. The Annual Report along with the Notice of the 18 AGM are available on the website of the Company at https://www.amagi.com/investors/shareholders-meeting. We request you to please take the same on record. Thanking you. Amagi Media Labs Limited For and on behalf of Sridhar Muthukrishnan Company Secretary and Compliance Officer MEnecml: bAesr asbhoipv eN o.: F9606 Amagi Media Labs Limited (formerly known as “Amagi Media Labs Private Limited”) CIN: L73100KA2008PLC045144 Registered office: Raj Alkaa Park, Sy. No. 29/3 & 32/2, 4 Floor, Kalena Agrahara Village, Begur Hobli, Bengaluru - 560076 Karnataka P E W : +91 80 4663 4444 | : info@amagi.com | : www.amagi.com • FROM FIRST TO FUR ANNUAL REPORT 2025—26 amag1 AMAGI MEDIA LABS LIMITED CONTENTS Company Overview 2 Founder’s Letter 4 The First Public Year 6 Who We Are 10 Act I : First to Cloud 14 Act II : Further to Workflow 18 Act III : From Infrastructure to Intelligence 20 Concluding the Arc: Powering What’s Next FROM 22 Sustainability FIRST 24 The Footprint 26 The Crew 28 The Cast FURTHER 30 Board of Directors Statutory Reports Every major technology shift unfolds in quiet, deliberate phases. When we started Amagi, our conviction was simple: global media 33 Management Discussion and Analysis belonged in the cloud. Being among the first to cloud was an import- 42 Board’s Report ant milestone, but we never viewed it as an arrival, it was simply the 67 Corporate Governance Report foundation that earned us the trust of our partners and the right to keep building. As our customers’ operations grew, we moved further to workflow, connecting content owners, destinations, and advertis- ers within a single operating layer to bring clarity and real-time yield Financial Statements optimization to complex streaming workflows. Today, we are taking the industry further to intelligence, embedding AI and automated 97 Auditor’s Report & Consolidated Financial Statements orchestration directly into everyday operations so complex media 178 Auditor’s Report & Standalone Financial Statements networks can self-optimize at scale. Progress is built day by day and workflow by workflow; while going first established our foundation, doing the disciplined work to go further is how we build an enduring 257 Annual General Meeting Notice platform for the future of television. 277 Corporate Information www.amagi.com Founder’s Letter Corporate Overview Statutory Reports Financial Statements Founder’s letter THE DIRECTOR’S CUT Dear Shareholders, FY26 was a defining year for Amagi. We became a publicly listed company, Taken together, we remain early in a large market opportunity. Our current sustained strong growth, expanded profitability and turned PAT-positive addressable market across Cloud Modernization, Streaming Unification at scale. More importantly, the operating model we have built over many and Monetization & Marketplace is approximately US$17 Bn. Most lin- years delivered strong results while beginning to validate the AI transition ear channels have yet to move to the cloud, streaming continues to gain we anticipated for the industry. viewing share, and advertising monetization remains underdeveloped The theme of this annual report, First to Further, reflects how Amagi has relative to audiences. AI can expand this opportunity further by bringing evolved. Our journey began with being first to cloud, as we demonstrated a wider range of operational workflows within the scope of software and that mission-critical broadcast operations could move from legacy hard- automation. ware to a more flexible and scalable cloud-native environment. Underneath each of these transitions is a constant. Amagi’s north star is From there, we went further to infrastructure, expanding from cloud to be an enduring engine of innovation for the media industry — bringing playout into a glass-to-glass platform connecting content preparation, technology that helps our customers maximize revenues and continually production, distribution and monetization. Customer trust has enabled improve their cost efficiency, whatever shape the next cycle takes. Cloud, this progression. AccuWeather moved its broadcast and distribution work- infrastructure and now intelligence are expressions of that commitment, flows to Amagi, while our infrastructure powered global events including not the limit of it. We will keep delivering on it the way we always have: sus- Super Bowl LX and the Winter Olympics. As customers run more workflows tained investment in R&D and a consistent rhythm of product innovations. through Amagi, our platform becomes more deeply embedded and gener- Our financial performance gives us the capacity to pursue it. Revenue ates richer data across the media value chain, strengthening the durability grew 29.5% to ₹1,506 Cr, Adjusted EBITDA increased more than sixfold to of our business. ₹156 Cr, and PAT improved from a loss of ₹69 Cr to a profit of ₹72 Cr. Growth, We are now moving further to intelligence. AI is not a standalone feature profit and cash are moving together. or product line for us, but an intelligence layer across the Media Industry Technology alone does not build enduring companies. People do. I want Cloud, built on the infrastructure, data and domain expertise accumulated to thank every Amagian for combining customer obsession, curiosity and through years of operating mission-critical workflows. It allows us to help execution discipline through a milestone year. customers reduce costs and create new ways to transform, distribute and Being first created the foundation. Going further will define what we monetize content. build next. NEWSPULSE, our first agentic AI product, moved from trials to its first paying customer during the year. This is an early but important proof point Warm regards, that our AI investments are beginning to commercialize. We are now build- Baskar Subramanian ing a broader portfolio of agentic products across the media supply chain, Managing Director and Chief Executive Officer and I do not think we have ever been more excited about the multiyear opportunity ahead. 2 Annual Report 2025-26 3 Stepping onto a Bigger Stage Corporate Overview Statutory Reports Financial Statements On 21st January 2026, Amagi entered a new chapter as a publicly listed Company, with our equity shares commencing trading on the National Stock Exchange of India (NSE: AMAGI) and the BSE (BSE: THE 544679). For a company founded in Bengaluru in 2008, going public is not an arrival, it is a commitment. We extend our deepest gratitude to LISTED ON LISTED DATE FIRST NSE (AMAGI) 21 January 2026 every investor who has placed their trust in us: the long-term institu- BSE (544679) tional partners who share our global vision, and the retail investors PUBLIC across India who have joined us on this jo [Showing first 8,000 characters — download PDF for full document]