Investor Presentation

Date: 30th October, 2026 To, To, The Listing Department, The Listing Department, BSE Limited, National Stock Exchange of India Limited, Floor 25, P. J. Towers, Exchange Plaza, Plot No. C/1, G Block, Bandra Dalal Street, Mumbai 400 001 Kurla Complex, Bandra (East), Mumbai 400 051 BSE Scrip Code: 530355 Trading Symbol: ASIANENE Sub.: Investor Presentation in respect of unaudited financial results for the quarter ended 30th September, 2026. Pursuant to the provisions of Regulation 30 of the SEBI (Listing Obligations & Disclosure Requirements) Regulations, 2015, we are enclosing herewith an Investor Presentation in respect of unaudited financial results for the quarter ended 30th September, 2026. The Investor Presentation shall also be uploaded on the website of the Company at URL https://www.asianenergy.com/investor-relations.html#financial. You are requested to take the same on record. Thanking you, Yours faithfully, For Asian Energy Services Limited Shweta Jain Company Secretary & Compliance Officer Membership No.: 23368 Encl. as above Asian Energy Services Limited CIN: L23200MH1992PLC318353 3B, 3rd Floor, Omkar Esquare, Chunabhatti Signal, Eastern Express Highway, Sion (East), Mumbai - 400022 Phone +91 (22) 42441100 E-mail:secretarial@asianenergy.com Web:https://www.asianenergy.com Source to Solutions INVESTOR PRESENTATION October 2026 ASIAN ENERGY SERVICES LIMITED (AESL) Safe Harbor This presentation has been prepared by and is the sole responsibility of Asian Energy Services Limited (the “Company”). By accessing this presentation, you are agreeing to be boundbythefollowingrestrictions. This presentation does not constitute orform partof any offer orinvitation or inducement to sell orissue, or anysolicitation of anyoffer or recommendation to purchase or subscribe for,anysecuritiesoftheCompany,norshallitoranypartofitorthefactofitsdistributionformthebasisof,orbereliedoninconnectionwith,anycontractorcommitmentthereof.In particular,thispresentation isnotintendedto bea prospectusorofferdocumentundertheapplicable laws ofanyjurisdiction, including India.No representationorwarranty,express or implied, is made as to, and no reliance should be placed on, the fairness, accuracy, completeness or correctness of the information or opinions contained in this presentation. Such information and opinions are in all events not current after the date of this presentation. There is no obligation to update, modify or amend this communication or to otherwise notifytherecipientiftheinformation,opinion,projection,forecastorestimatesetforthhereinchangesorsubsequentlybecomesinaccurate. Certain statements contained in this presentation that are not statements of historical fact constitute “forward-looking statements.” You can generally identify forward-looking statements by terminology such as “aim”, “anticipate”, “believe”, “continue”, “could”, “estimate”, “expect”, “intend”, “may”, “objective”, “goal”, “plan”, “potential”, “project”, “pursue”, “shall”, “should”, “will”, “would”, or other words or phrases of similar import. These forward-looking statements involve known and unknown risks, uncertainties, assumptions and other factors thatmay cause the Company’s actual results, performance or achievements to be materially differentfrom anyfuture results, performance or achievements expressed orimpliedbysuchforward-lookingstatementsorotherprojections.Importantfactorsthatcouldcauseactualresults,performanceorachievementstodiffermateriallyinclude,among others: (a) our ability to successfully implement our strategy, (b) our growth and expansion plans, (c) changes in regulatory norms applicable to the Company, (d) technological changes,(e)investmentincome,(f)cashflowprojections,and(g)otherrisks. This presentation is for general information purposes only, without regard to any specific objectives, financial situations or informational needs of any particular person. The Companymayalter,modifyorotherwisechangeinanymannerthecontentofthispresentation,withoutobligationtonotifyanypersonofsuchchangeorchanges. Management Outlook Q2 & H1FY27 Performance ASIAN ENERGY SERVICES LIMITED (AESL) Management Outlook S Kapil Garg E N MANAGING DIRECTOR We have delivered a strong performance in H1FY27, marked by focused execution across our business verticals, and we remain on track with the guidance provided for FY27. The execution of the Revenue Sharing Contract of GK Offshore block marks a significant milestone in our growth journey and reinforces our commitment to building a stronger, integrated energy platform. Further, the Oilmax merger has received approval from the NCLT and is now IT awaiting final approval from the Government, bringing us closer to consolidating our energy businesses under one platform” Management Outlook S Sumit Maheshwari E GROUP CFO Q2FY27 reflected continued progress across our businesses with a robust financial position. The business reported strong execution across all verticals despite a volatile global environment. Our Q2FY27 revenue has grown by 161%, EBITDA by 235% and Profit After Tax by 530% as compared to Q2FY26. Further, our revenue has grown by 148%, EBITDA by 148% and PAT by 1697% as compared to H1FY26. We remain confident of achieving O our FY27 guidance. Our strong balance sheet and prudent leverage position R provide a solid foundation to pursue strategic growth opportunities and unlock N our full business potential. Q2 & H1FY27 Key Business Highlights OilMax Merger Update: Passed key regulatory milestones with the receipt of NCLT approval. In principle Y 01 approval from Ministry of Petroleum and Natural Gas (MoPNG) received, awaiting final approval for scheme E implementation. H1FY27 Financial Performance: Revenue, EBIDTA and Profit have shown significant growth in H1FY27 compared to previous financial year, reflecting strong execution across our businesses Asset Addition: Oilmax has secured the Kutch Offshore block under DSF Round IV, marked by the formal execution of the Revenue Sharing Contract. Kuiper: Kuiper's operations stabilized during the quarter, although the evolving geopolitical environment in West Asia remains a key monitorable R Robust financials, gross debt-to-equity ratio of 0.25x, we remain well-positioned to support our growth R 05 O ambitions while maintaining financial discipline. *The order book is excluding GST Performance Highlights (Consolidated) – Q2 & H1FY27 E (INR in Crore) IV R Revenue EBITDA PAT 537.9 52.3 29.8 30.3 266.7 17.1 21.1 217.4 1.7 -4 H1 FY26 H1 FY27 Q2 FY26 Q2 FY27 H1 FY26 H1 FY27 Q2 FY26 Q2 FY27 H1FY26 H1FY27 Q2FY26 Q2FY27 • Revenue increased to INR 266.7 crore in Q2FY27, driven by strong execution across all segments. N O • EBITDA increased to INR 30.3 crore from INR 9.1 crore in Q2FY26 (235% YoY growth), supported by operational efficiency. E • PAT increased to INR 17.1 crore from a loss of INR 4.0 crore in Q2FY26 (530% YoY growth), reflecting focused execution. R O • Kuiper operations were back to normal levels during the quarte8. Note: Kuiper’s acquisition was integrated from 1 September 2025 Performance Highlights (Standalone) – Q2 & H1FY27 E (INR in Crore) IV R Revenue EBITDA PAT R 41.1 N E 278.8 24.6 176.4 24.8 15.1 129.6 17.9 H1FY26 H1FY27 Q2FY26 Q2FY27 H1FY26 H1FY27 Q2FY26 Q2FY27 H1FY26 H1FY27 Q2FY26 Q2FY27 • Revenue increased to INR 129.6 crore from INR 61.0 crore in Q2FY26 (112% YoY growth), providing stable revenues. O • EBITDA increased to INR 24.8 crore from INR 6.0 crore in Q2FY26 (310% YoY growth), enhancing earnings visibility. E • PAT increased to INR 15.1 crore from INR 1.8 crore in Q2FY26 (720% YoY growth), reflecting sustained execution momentum. Performance Highlights – Q1 & Q2FY27 S (INR in Crore) C IV CONSOLIDATED S EBITDAMargin PAT Y Revenue EBITDA A IS 271.2 266.7 30.3 11.4% 17.1 8.1% 21.9 12.8 Q1 FY27 Q2 FY27 Q1 FY27 Q2 FY27 Q1 FY27 Q2 FY27 Q1 FY27 Q2 FY27 STANDALONE EBITDAMargin PAT Revenue EBITDA 24.8 149.3 19.1% 15.1 129.6 16.3 10.9% O Q1 FY27 Q2 FY27 Q1 FY27 Q2 FY27 Q1 FY27 Q [Showing first 8,000 characters — download PDF for full document]