Press Release

awfis Date: August 13, 2026 To, To, National Stock Exchange of India Limited (“NSE”) BSE Limited (“BSE”) Listing Department Listing Department Exchange Plaza, C-1 Block G, Bandra Kurla Corporate Relationship Department Complex Bandra [E], Phiroze Jeejeebhoy Towers, Mumbai – 400051 Dalal Street, Fort, Mumbai – 400001 NSE Scrip Symbol: AWFIS BSE Scrip Code: 544181 ISIN: INE108V01019 ISIN: INE108V01019 Subject: Press Release for w.r.t Unaudited (Standalone & Consolidated) Financial results (“UFRs”) for the quarter ended June 30, 2026 Dear Sir/ Madam, Pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, enclosed herewith is the press release issued by the Company on the captioned subject, the content of which is self-explanatory. The above information will also be available on the website of the Company at https://www.awfis.com/investor-relations/initial-public-offer/financials. We request you to kindly take this on your record. Thanking You. For Awfis Space Solutions Limited Shweta Gupta Company Secretary and Compliance Officer M. No. F8573 Address: C-28-29, Kissan Bhawan, Qutab Institutional Area, New Delhi – 110016 Encl: as above Corporate and Regd. Office Awfis Space Solutions Limited C-28-29, Kissan Bhawan, Qutab Institutional Area, New Delhi – 110016 www.awfis.com | Email: info@awfis.com | Phone: 011- 41103497 CIN: L74999DL2014PLC274236 awfis Awfis Space Solutions Limited PRESS RELEASE Awfis Space Solutions Reports Q1 FY27 Results Revenue Grows 27% YoY to ₹425 Cr; Co-working Revenue Up 27%; Transform Revenue Up 25% Revenue from Revenue from Revenue from Operating EBITDA / PAT/ PAT Margin construction and fit- Operations Co-working EBITDA Margin (excl. Exceptional) out projects Rs. 425 Cr Rs. 352Cr Rs. 73 Cr Rs. 162 cr/38.2% Rs. 24 cr/5.6% CIIIIII» CIIIII» cmnm~ CE:llt j CIH·tm> National, August 13th, 2026: Awfis Space Solutions Limited, one of India’s largest flexible workspace solutions providers, announced its unaudited consolidated financial results for the first quarter ended June 30, 2026. FINANCIAL PERFORMANCE — Q1 FY27 Particulars (₹ Cr, Consolidated) Q1 FY27 Q1 FY26 YoY % Q4 FY26 QoQ % FY26 Revenue from Operations 425 335 27% 410 4% 1,493 Co-working space on rent and 1,237 352 276 27% 342 3% allied services Construction and fit-out projects 73 58 25% 69 7% 257 EBITDA 162 127 28% 152 7% 550 EBITDA Margin (%) 38.2% 37.8% 37.0% 36.8% Profit Before Tax 24 10 135% 24 4% 72 Profit After Tax 24 10 140% 23 3% 71 PAT Margin (%) 5.6% 3.0% 5.7% 4.7% FINANCIAL & OPERATIONAL HIGHLIGHTS • Co-working business grew 27% YoY, driven by sustained demand from enterprises, Global Capability Centres (GCCs), and multi-centre clients, alongside the continued premiumisation of our portfolio. • Our Transform business (construction and fit-out solutions) delivered 25% YoY growth, supported by a healthy pipeline of projects from large enterprises and GCCs, particularly those expanding into new geographies or consolidating operations into hybrid, technology-enabled workplaces • Delivered a robust 55% Return on Capital Employed (ROCE)#, reflecting strong capital efficiency. • Maintained a strong balance sheet with net debt ratio of -0.08 and gross debt ratio of 0.10, reflecting prudent leverage. • A+ credit rating with a Stable Outlook, underscoring its strong financial profile. • Cost of Borrowing came down to 9.05%, with an incremental borrowing cost at 8.5%. • Fixed assets turnover* ratio came in at 1.5x # Return On Capital Employed calculated as(IndASEBITDA –Actual lease payments+ Impact of finance lease)/ Averagecapital employed (Networth+ Borrowings –Cash, cash equivalents including Fixed Deposits) * Fixredassets turnover is calculatedas revenue from co-working divided by average closing gross block www.awfis.com Page 1 of 4 awfis Awfis Space Solutions Limited MANAGEMENT COMMENTARY: AMIT RAMANI, CHAIRMAN & MANAGING DIRECTOR “We are pleased to report another quarter of strong performance. Revenue grew 27% YoY to ₹425 Cr, while reported EBITDA increased 28% YoY to ₹162 Cr, with EBITDA margins of 38.2%. Profit Before Tax (PBT) stood at ₹24 Cr. During the quarter, we added 7 new centres, taking our network to 251 centres with approximately 170,000 seats across 18 cities, spanning both Tier 1 and Tier 2 markets and serving a diversified base of nearly 3,600 clients. Occupancy at centres with more than 12 months of vintage stood at 83%, while overall portfolio occupancy was 76%. Our supply pipeline remains robust, with a continued focus on premium Grade A+ assets. As the portfolio premiumises, newly added premium inventory is expected to command pricing that is 30–50% higher than our current portfolio, supporting future revenue and margin expansion. Our Co-working business grew 27% YoY, driven by sustained demand from enterprises, Global Capability Centres (GCCs), and multi-centre clients, alongside the continued premiumisation of our portfolio. GCCs and Fortune 500 companies have become a structural part of our client base, with our GCC portfolio continuing to scale meaningfully. Today, we serve 100+ unique GCC clients, contributing 24% of rental revenue, with additional mandates already secured and expected to commence operations over the coming quarters. Our Transform business (construction and fit-out solutions) delivered 25% YoY growth, supported by a healthy pipeline of projects from large enterprises and GCCs, particularly those expanding into new geographies or consolidating operations into hybrid, technology-enabled workplaces. This business has emerged as a key growth engine, contributing meaningfully to revenue growth while accelerating project execution across our portfolio. Importantly, the strong growth delivered since our IPO has been funded primarily through internal accruals, underscoring the resilience, capital efficiency, and long-term sustainability of our capital-light business model. Our balance sheet remains strong, with a net debt-to-equity ratio of -0.08 and an industry-leading ROCE of 55%. Looking ahead, we are confident that our key growth drivers remain firmly in place. With a differentiated pan-India network, a growing portfolio of premium Gold and Elite centres, strong managed office capabilities, and integrated workplace solutions under one roof, Awfis is well positioned to capitalize on the growing demand for flexible workspaces across India.” FIVE ENGINES OF GROWTH 1 | Demand: GCC - Structural Demand Engine www.awfis.com Page 2 of 4 awfis Awfis Space Solutions Limited • 100+ GCC clients, contributing 24% of revenue, with client base across diverse sectors • Clear leadership in Micro & Nano GCC, moving up the curve with multiple 2,000+ seater mandates closed 2 | Portfolio: Premiumization at Scale • 37 Gold & Elite centres, commanding the highest realizations, with strong GCC pull • Premium portfolio to scale meaningfully - deepening presence in marquee IT parks and Grade A+ assets with institutional developers 3 | Supply: Multi-format Supply • Partial MO - unlocking the best of managed office and coworking in one structure • Signed Developer Partnership with Malpani group for 2 Grade A+ properties (~1.4 lakh sq ft) 4 | Operations: Organic Growth • Faster sale velocity, higher realization, with new centre pricing 30-50% above portfolio • Higher renewals across smaller cohorts and larger seat expansions from the current clientele 5 | Adjacencies: Value Beyond Flex • Awfis Transform: Winning larger, multi-city mandates, INR 200 Cr+ already won • ₹73 Cr of Transform revenue in Q1 FY27, with 92% third-party revenue — a robust growth engine in its own right ABOUT AWFIS SPACE SOLUTIONS LIMITED Awfis Space Solutions Ltd. (‘Awfis’) is India’s largest and first listed flexible workspace solutions provider of modern workspaces. The company enables small and large corporates to seamlessly book and utilise workspaces as per their requirement and convenience. The comprehensive suite of solution [Showing first 8,000 characters — download PDF for full document]