Business Update

B U S I N E S S U P D A T E Kreon Finnancial Services Limited – Business Update for the Quarter Ended 30 September 2026 (Q2 FY27) Chennai, India | 26 October 2026 Kreon Finnancial Services Limited (BSE-listed; CIN L65921TN1994PLC029317) is an AI-powered, technology-led NBFC with a proprietary digital lending platform, StuCred. Its focus is the underserved segment of India’s credit market – young, first-time borrowers with little or no established credit history – to whom credit is delivered end-to-end through a digital lending application, without branches, paperwork or intermediaries. Q2 FY27 at a glance ₹16.89 cr ₹121.63 cr ₹53.27 cr 96.62% Revenue from operations Disbursed in the quarter Assets under management Collection efficiency 6,55,772 2,29,526 ₹4.46 cr 154 Transactions Students / users Profit after tax (quarter) Employees Financial performance (a)Quarterly results – overall (₹ crore) Particulars Q2 FY27 Q1 FY27 QoQ (%) Q2 FY26 YoY (%) Total income 16.89 15.81 6.83 10.49 61.01 Total expenses 10.62 10.41 2.02 7.64 39.01 Profit before tax (PBT) 6.27 5.40 16.10 2.85 120.00 Tax expense 1.81 0.99 82.83 0.80 126.25 Profit after tax (PAT) 4.46 4.41 1.13 2.05 117.56 Earnings per share – quarterly (₹) 2.20 2.18 0.92 1.01 117.82 Annualised earnings per share* (₹) 8.80 8.72 0.92 4.04 117.82 Quarters ended 30.09.2026, 30.06.2026 and 30.09.2025. * Annualised EPS = quarterly EPS × 4; shown for reference only and not an estimate or forecast of full-year earnings. The actual EPS for FY 2025–26 was ₹3.59. CIN: L65921TN1994PLC029317 StuCred A Division Of (Office) +91-8043570129 KRE ON FINNANCIAL SERVICES LIMITED info@stucred.com, info@kreon.in #26, 22nd Street, Rathinam Nagar, Thiruvanmiyur, Chennai - 600041 www.stucred.com, www.kreon.in CIN: L65921TN1994PLC029317 (Office) +91-8043570129 info@stucred.com, info@kreon.in www.stucred.com, www.kreon.in (b) Quarterly results – excluding investment division (₹ crore) Particulars Q2 FY27 Q1 FY27 QoQ (%) Q2 FY26 YoY (%) Total income 15.78 13.26 19.00 10.49 50.43 Total expenses 10.62 10.41 2.02 7.31 45.28 Profit before tax (PBT) 5.16 2.85 81.05 3.18 62.26 Excludes income and expenses attributable to the Company’s investment division. (c) Half-yearly results (₹ crore) Particulars H1 FY27 H1 FY26 YoY (%) Total income 32.69 22.36 46.20 Total expenses 21.02 14.66 43.38 Profit before tax (PBT) 11.67 7.70 51.56 Tax expense 2.80 1.88 48.94 Profit after tax (PAT) 8.87 5.82 52.41 Earnings per share – half-yearly (₹) 4.39 2.88 52.43 Half-years ended 30.09.2026 (01.04.2026 – 30.09.2026) and 30.09.2025 (01.04.2025 – 30.09.2025). H1 FY26 is derived from the Company’s unaudited results for Q1 FY26 and Q2 FY26, converted from ₹ lakh to ₹ crore. Quarterly figures may not add to half- yearly totals due to rounding. Key operating metrics Particulars Unit Q2 FY27 Q1 FY27 QoQ change Lending activity Total disbursements during the quarter ₹ crore 121.63 109.71 10.87% Cumulative disbursements since inception ₹ crore 1,232.85 1,111.22 10.95% Assets under management (AUM) ₹ crore 53.27 53.09 0.34% Disbursement-to-AUM ratio % 228.33% 206.65% +21.68 pp Number of transactions Count 6,55,772 5,85,393 12.02% Collection efficiency % 96.62% 95.65% +0.97 pp Platform and people Number of unique students onboarded Count 2,29,526 2,03,522 12.78% Number of employees Count 154 145 6.21% As at / for the quarters ended 30.09.2026 and 30.06.2026. pp = percentage points. StuCred A Division Of KREON FINNANCIAL SERVICES LIMITED #26, 22nd Street, Rathinam Nagar, Thiruvanmiyur, Chennai - 600041 CIN: L65921TN1994PLC029317 (Office) +91-8043570129 info@stucred.com, info@kreon.in www.stucred.com, www.kreon.in Performance overview Total income for Q2 FY27 was ₹16.89 crore, up 6.83% on the previous quarter and 61.01% on Q2 FY26. Profit before tax rose 16.10% quarter on quarter to ₹6.27 crore, more than double the ₹2.85 crore reported in Q2 FY26. Profit after tax was ₹4.46 crore, up 117.56% year on year, and earnings per share for the quarter was ₹2.20 (Q1 FY27: ₹2.18; Q2 FY26: ₹1.01). Excluding the investment division, total income grew 19.00% over the previous quarter to ₹15.78 crore and profit before tax rose 81.05% to ₹5.16 crore, an increase of 62.26% year on year. For the half-year ended 30 September 2026, total income rose 46.20% year on year to ₹32.69 crore, profit before tax 51.56% to ₹11.67 crore and profit after tax 52.41% to ₹8.87 crore. Earnings per share for the half-year was ₹4.39 against ₹2.88 in H1 FY26. Disbursements during the quarter grew 10.87% to ₹121.63 crore across 6,55,772 transactions, taking cumulative disbursements since inception to ₹1,232.85 crore. The platform served 2,29,526 students / users, an increase of 12.78%, and collection efficiency improved by 0.97 percentage points to 96.62%. Assets under management stood at ₹53.27 crore, broadly unchanged from the previous quarter. Owing to the short tenure of the Company’s loans, disbursements during the quarter were approximately 2.3 times closing AUM. Products and strategic initiatives Each initiative is reported at three stages – Idea (when first announced), Under development (while being built) and Launched (when released to customers). An initiative is removed from this table in the update following its launch. Initiative Stage Update Timeline StuCred Alumni ●●○ Under Revamp of the existing StuCred Alumni Target: development programme to strengthen engagement with December 2026 eligible users and continue supporting them as they move from college to the next stage of their careers. MyDayPayDay ●●○ Under Earned Wage Access platform for salaried Target: (MDPD) development (final employees, enabling access to earned salary December 2026 stage) before payday. StuCred for ●●● Launched Website launched. Marketing of the offering is Launched: 01 StartUps scheduled to begin in the first week of October 2026 November 2026. StuCred A Division Of KREON FINNANCIAL SERVICES LIMITED #26, 22nd Street, Rathinam Nagar, Thiruvanmiyur, Chennai - 600041 CIN: L65921TN1994PLC029317 (Office) +91-8043570129 info@stucred.com, info@kreon.in www.stucred.com, www.kreon.in Outlook The Company will continue to focus on sustainable growth, expanding its customer reach, improving collection efficiency and maintaining sound risk-management practices. Notes and disclaimer (i) Financial figures are unaudited and should be read with the Company’s unaudited financial results for the quarter and half- year ended 30 September 2026 (approved by the Board on 26 October 2026) and other disclosures filed with BSE Limited. (ii) QoQ compares the quarter with the immediately preceding quarter; YoY compares it with the same quarter of the previous year. Percentages are calculated on the rounded figures shown and rounded to two decimals. (iii) Number of transactions: loans disbursed during the quarter. Collection efficiency: amount collected ÷ amount due during the quarter. Disbursement-to-AUM ratio: disbursements during the quarter ÷ closing AUM. (iv) This update may contain forward-looking statements based on current expectations; actual results may differ materially. The Company undertakes no obligation to update them. **** StuCred A Division Of KREON FINNANCIAL SERVICES LIMITED #26, 22nd Street, Rathinam Nagar, Thiruvanmiyur, Chennai - 600041