Please find the Earnings call Transcript attached

AFFLE/SE/ECT/Q1/2026-27 August 17, 2026 BSE Limited National Stock Exchange of India Ltd Phiroze Jeejeebhoy Towers, Exchange Plaza, 5th Floor, Plot No. C-l, G Block, Dalal Street, Mumbai 400 001 Bandra Kurla Complex, Bandra (East), Mumbai - 400 051 Scrip Code: 542752 Symbol: AFFLE Sub: Transcript of the Earnings Conference Call for the first quarter ended June 30, 2026 conducted on August 10, 2026 at 10:00 AM (IST) Dear Sir/ Madam, Please find enclosed the detailed transcript of the Earnings Conference Call conducted on Monday, August 10, 2026 at 10:00 AM (IST) to discuss the results and developments for the first quarter ended June 30, 2026. The same is also available on the Company’s website at https://affle.com/investor-relations. Please note that the audio recording of the Earnings Conference Call was submitted vide our letter Affle/EC/2026-27/Q1 dated August 10, 2026. Submitted for your information and records. Thanking you, Yours Faithfully, For Affle 3i Limited (Formerly known as Affle (India) Limited) Parmita Choudhury Company Secretary & Compliance Officer Affle 3i Limited (Formerly known as Affle (India) Limited) Regd. Office | A47 Lower Ground Floor, Hauz Khas, Off Amar Bhawan, New Delhi-110016 Communication Office | 8th floor, Unitech Commercial Tower - 2, Sector - 45, Gurugram - 122003, Haryana (P) 0124-4598749 (W) www.affle.com; CIN: L65990DL1994PLC408172 Affle 3i Limited Q1 FY2027 Earnings Conference Call August 10, 2026 Management: 1) Mr. Anuj Khanna Sohum – Chairperson, Managing Director & Chief Executive Officer of Affle 3i Limited 2) Mr. Kapil Bhutani – Chief Financial & Operations Officer of Affle 3i Limited Analyst: Mr. Karan Taurani – Elara Securities India Private Limited This transcript has been edited to improve the readability Affle 3i Limited August 10, 2026 Moderator: Ladies and gentlemen, good day and welcome to the Affle 3i Limited Q1 FY2027 Earnings Conference Call, hosted by Elara Capital. As a reminder, all participant lines will be in the listen-only mode and there will be an opportunity for you to ask questions at the end of today's presentation. Should you need assistance during the conference call, please signal an operator by pressing ‘*’ then ‘0’ on your touchtone phone. Please note that this conference is being recorded. I would now like to hand the conference over to Mr. Karan Taurani from Elara Capital. Thank you and over to you, sir. Karan Taurani: Thank you, Manav. Good morning, everyone. On behalf of Elara Capital, we welcome you all to Q1 FY2027 Conference Call of Affle 3i Limited. I take this opportunity to welcome the Management of Affle 3i Limited, represented by Mr. Anuj Khanna Sohum, who is the Chairperson, MD and CEO of the company. And with him we have Mr. Kapil Bhutani, who is the Chief Financial and Operations Officer of the company. Before we begin the discussion, I would like to remind you that some of the statements made in today's conference call may be forward-looking in nature and may involve some risks and uncertainties. Kindly refer to Slide #2 of company's earnings presentation for a detailed disclaimer. I will now hand over the call to Mr. Anuj Khanna Sohum for his opening remarks. Thank you and over to you, Anuj. Anuj Khanna Sohum: Thank you. Good morning, everyone and thank you for joining the call today. I trust all of you are keeping in good health. Q1 FY2027 marks our 14th consecutive quarter of sequential top-line growth and we recorded our highest ever quarterly revenue, EBITDA, PAT and consumer conversions. During the quarter, we delivered revenues of INR 7.47 billion, a growth of 20.4% y-o-y. This is robust considering the negative impact of regulatory and macroeconomic headwinds on some customer segments like RMG. Over 95% of our revenues witnessed over 25% growth y- o-y, adjusting for that impact, reaffirming our consistent execution on the medium-term guidance that we have committed to our stakeholders. Affle 3i Limited August 10, 2026 Our continued focus on bottom-line sensibility translated into much better profitability. EBITDA stood at INR 1.68 billion for the quarter and recorded a robust 20% y-o-y growth, with stable EBITDA margins at 22.4%. Profit After Tax for the quarter stood at INR 1.28 billion, growing by 21.7% y-o-y. This proven performance of our differentiated CPCU business model reinforces our compounding growth story. As we deepen our verticalization strategy, strengthen direct advertiser integrations and expand our audience intelligence capabilities, we continue to enhance the scale and competitiveness of our AI-powered Consumer Platform Stack across connected devices, including mobile, CTV and now other agentic autonomous intelligent connected devices. These structural advantages provide a strong foundation for our sustained growth as we build on our vision of 10x. India and global Emerging Markets continue to anchor our business growth, growing by 20.2% y-o-y and contributing 72.2% of our revenues in Q1 FY2027. Our disciplined sales execution, deeper customer engagements and continued new logo additions have also strengthened our presence across Developed Markets, which grew by 20.7% y-o-y and contributed 27.8% of our revenues. Developed Markets account for a disproportionately high share of the steadily growing global advertising budgets. Accordingly, we remain focused on progressively increasing our participation across these markets and aligning our revenue mix more closely with the underlying global advertising budget mix. Alongside our market expansion initiatives, we are also committed to strengthening the way we operate. The strategic acquisition of AdColony assets enhances our publisher ecosystem and audience intelligence capability, further reinforcing our ability to deliver premium consumer conversions with measurable ROI for advertisers globally. We aim to unlock significant competitive advantage by activating over 100,000 mobile apps to reach over 500 million connected devices in Developed Markets this year. Building on the launch of Niko and OpticksAI, we have also enhanced capabilities of our AI-powered Consumer Platform Stack through new AI-led innovations designed to empower mobile app marketers, growth managers and advertisers with deeper consumer intelligence and full funnel campaign visibility. By combining AI-driven campaign intelligence with real-time Affle 3i Limited August 10, 2026 performance analytics, these capabilities enable faster data-driven decision making, smarter campaign optimization and stronger marketing outcomes. In parallel to our organic growth initiatives, we would like to transparently update our shareholders that we are making strong progress on the larger inorganic acquisition, as we enter the phase of due diligence by third-party advisors appointed by us. We aim to close the larger M&A by early 2027 and the identified targets shall accelerate our expansion across Developed Markets by providing deeper and differentiated access to customers and verticals. This quarter, we have featured five customer-approved case studies in our earnings presentation. The first case study showcases how our conversion first CTV and cross-screen capabilities maximize new converted diners and first orders for a leading QSR app in India. Next three case studies highlight how leading travel brands across Emerging Markets leveraged our AI-powered campaign optimization, proprietary audience intelligence and bid optimization capabilities to target high intent travelers, driving stronger booking performance and consumer engagement. The last case study demonstrates how a leading German quick commerce player leveraged Affle's Consumer Platform to scale its presence in a new European market, Netherlands, by combining AI-powered keyword intelligence, agentic AI and app growth intelligence to target and convert high intent grocery shoppers with sustained efficiency. Affle continues to be recognized as a technology thought leader across ind [Showing first 8,000 characters — download PDF for full document]