Presentation to be presented at the 13th AGM

Date: September 25, 2026 BSE Limited, 25th Floor, P. J. Towers, Dalal Street, Fort, Mumbai- 400 001. Symbol: 544224 Sub: Investor Presentation Please find enclosed the Investor Presentation to be presented post this filing at the 13th Annual General Meeting scheduled to held on September 25, 2026. We request you to take the same on record. Thanking You, For AFCOM HOLDINGS LIMITED Name : Ajith Kumar Designation : Company Secretary and Compliance Officer 13TH ANNUAL GENERAL MEETING 25 SEPTEMBER 2026 BEYOND FLYING CARGO Building India’s international air cargo airline for the next decade of trade Safe Harbour Statement This presentation has been prepared by AFCOM Holdings Limited ("AFCOM" or "the Company") solely for the information of shareholders in connection with the 13th Annual General Meeting, and does not constitute an offer or invitation to subscribe for or purchase any securities of the Company. Certain statements in this presentation relating to the Company's business outlook, growth strategy, fleet expansion plans and market opportunity are forward-looking statements. These are based on current expectations and assumptions and are subject to known and unknown risks, uncertainties, and other factors, including fuel price movements, regulatory approvals, aircraft delivery timelines, currency movements and general economic and industry conditions, that could cause actual results to differ materially. All industry, market and macroeconomic data included in this presentation has been sourced from publicly available third-party publications, including the International Air Transport Association (IATA), the International Monetary Fund (IMF), the Ministry of Statistics and Programme Implementation (MoSPI), the Reserve Bank of India, Boeing, and other cited industry sources. The Company has not independently verified such third-party data. This presentation contains no unpublished price-sensitive information. All financial information presented herein for FY26 and Q1 FY27 has already been disclosed to the stock exchange and is drawn from the Company's Annual Report FY26 and its published investor communications. The Company undertakes no obligation to update any forward-looking statement, whether as a result of new information, future events or otherwise. AFCOM Holdings Limited | 13th Annual General Meeting 2026 | Strictly for Shareholders FY26 & Q1 FY27 A Year of Record Performance Total income nearly tripled, profitability scaled sharply, and the momentum has carried firmly into the new financial year. FY26: The Defining Year in AFCOM's Journey Dec 2025 Dec 2025 Jan 2026 Feb 2026 FY26 FY26 May 2026 Third aircraft inducted Preferential issue ACUITE BBB+/Stable Designated Indian First freighter flight to Strategic alliance with ₹199.85 Cr Qualified completed credit rating Carrier status Dubai (DWC) Naoero Air Institutions Placement DGCA Certificate of ~₹205 Cr raised through First formal credit rating Conferred by the Ministry of New GSA representation in Formerly Nauru Airlines; 26,30,520 shares allotted at Registration received; fleet equity shares and convertible strengthens access to capital Finance; ATF VAT exemption the UAE opens a direct extends AFCOM's reach into ₹759.72; capital for fleet scales to 3 freighters warrants and lenders in Tamil Nadu Middle East gateway the Pacific expansion FY26 was AFCOM's strongest operational year to date: recognition as a Designated Indian Carrier, induction of a third freighter, and a broadened international network combined with a substantially strengthened capital base. AFCOM Holdings Limited | 13th Annual General Meeting 2026 | Strictly for Shareholders FY26 Financial Highlights TOTAL INCOME EBITDA PROFIT AFTER TAX DILUTED EPS ₹587.7 Cr ₹238.1 Cr ₹121.9 Cr ₹48.65 ▲ +143.9% YoY ▲ +211.7% YoY ▲ +230.1% YoY ▲ +195.4% YoY Four-Year Trend · Total Income, EBITDA & PAT (₹ Crore) Margin Progression 700 45 35 32 e 400 25 23 r o 21 ₹ 300 20 16 17 15 FY23 FY24 FY25 FY26 FY23 FY24 FY25 FY26 Total Income EBITDA PAT EBITDA Margin % PAT Margin % Source: AFCOM Holdings Limited, Annual Report FY26 (Key Financial Performance Highlights, audited standalone financials under Ind AS) AFCOM Holdings Limited | 13th Annual General Meeting 2026 | Strictly for Shareholders Profitability & Balance Sheet Strength 40.52% ₹457 Cr EBITDA Margin Net Worth +882 bps YoY +123% YoY 20.74% ₹935 Cr Net Profit Margin Total Assets +542 bps YoY +86% YoY, on Ind AS 116 recognition 26.69% ₹36 Cr Return on Equity Operating Cash Flow vs 18.03% in FY25 Turned positive from FY25 22.86% ₹338 Cr Return on Capital Employed Lease Liabilities (Ind AS 116) vs 14.02% in FY25 Debt-equity 0.14x on borrowings basis Net worth strengthened on retained earnings of ₹121.9 Cr and ~₹129.6 Cr received on the preferential issue; the Company completed its first full year of self-operated dry-lease flying and first year of reporting under Indian Accounting Standards (Ind AS). Source: AFCOM Holdings Limited, Annual Report FY26 (Management Discussion & Analysis and audited financial statements) AFCOM Holdings Limited | 13th Annual General Meeting 2026 | Strictly for Shareholders FY26 Operational Performance CARGO VOLUME HANDLED FLIGHTS OPERATED CHARTER FLIGHTS AVG. WEEKLY TRIPS / AIRCRAFT 24,353 1,923 1,129 19 Tonnes, full year Trips across the fleet 58.7% of all trips On a two-aircraft base for most of the year AVERAGE YIELD AVERAGE COST / KG CARGO TONNE-KILOMETRES AVG. REVENUE / TRIP $2.54/kg $1.58/kg ~37.6 M $31,243 Revenue per kg carried Direct operating cost basis t-km flown across the network Blended charter and scheduled Chennai, AFCOM's home hub, grew international air cargo tonnage by approximately 12.9% (Apr-Feb FY26) against all-India international cargo growth of 5.4% over the same period, reflecting Chennai's strength as a pharmaceutical and engineering export gateway. Source: AFCOM Holdings Limited, Annual Report FY26 (Operational Review) and Q4 & 12M FY26 Investor Presentation AFCOM Holdings Limited | 13th Annual General Meeting 2026 | Strictly for Shareholders Awards & Global Recognition, FY26 Top Airline by Air-to-Air Import, Freighter of the Year, 2026 Fastest Growing Freighter of the 2026 Year, 2025 Velana International Airport Awards, Republic of Velana International Airport Awards, Republic of 6th Aviation Cargo Express (ACE) Awards Maldives Maldives These awards recognise AFCOM's growing impact in global air cargo and its operational reliability across an expanding international network, alongside continued geographic expansion into the Australia-Pacific region through the strategic partnership with Naoero Air Corporation. AFCOM Holdings Limited | 13th Annual General Meeting 2026 | Strictly for Shareholders Strategic & Regulatory Milestones Designated Indian Carrier Status Conferred by the Ministry of Finance in February 2026; brings eligibility for statutory export-related benefits, including exemption from VAT on Aviation Turbine Fuel in Tamil Nadu, estimated to reduce ATF uplift costs by 5-7% on qualifying operations. ACUITE BBB+ / Stable Credit Rating Assigned by Acuite Ratings & Research in January 2026, broadening AFCOM's access to institutional capital and lender relationships as the fleet BBB+ expansion programme continues. Capital Mobilised Since Listing IPO (₹73.83 Cr, 2024), preferential issue (~₹205 Cr, Dec 2025) and Qualified Institutions Placement (₹199.85 Cr, May 2026) together fund fleet and ₹479Cr network expansion. Source: AFCOM Holdings Limited, Annual Report FY26; stock exchange disclosures AFCOM Holdings Limited | 13th Annual General Meeting 2026 | Strictly for Shareholders Q1 FY27: The Right Direction, Continued TOTAL INCOME EBITDA PROFIT AFTER TAX EARNINGS PER SHARE ₹177.5 Cr ₹72.5 Cr ₹39.2 Cr ₹14.16 ▲ +49.0% YoY ▲ +53.5% YoY, margin 40.8% ▲ +86.1% YoY, margin 22.1% ▲ vs ₹8.48 in Q1 FY26 Total Income Trend, Quarterly (₹ Crore) Why Q1 FY27 vs Q4 FY26 understates momentum Q4 FY26 (Jan-Mar 2026) was an exceptional 146 qu [Showing first 8,000 characters — download PDF for full document]