Analysts/Institutional Investor Meet/Con. Call Updates

August 20, 2026 BSE Limited National Stock Exchange of India Phiroze Jeejeebhoy Towers Exchange Plaza, C-1, Block G, Dalal Street, Fort Bandra-Kurla Complex, Bandra Mumbai - 400 001 (East), Mumbai – 400 051 Scrip Code: 544602 Scrip Code: AGL Dear Sir/Madam, Sub: Transcript of Earnings Conference Call for the quarter ended June 30, 2026 Pursuant to Regulations 30 read with Schedule III and 46 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirement) Regulations, 2015, please find enclosed herewith transcript of earnings conference call of Allcargo Global Limited for the quarter ended June 30, 2026, held on Monday, August 17, 2026, at 4:00 p.m. (IST). The transcript is annexed for your reference which can also be accessed on the Company’s website from the below link: https://www.allcargo.global/datafiles/2026/08/AllcargoGlobal-Earnings-Aug17-2026.pdf Kindly take the above information on record. Thanking you, Yours faithfully For Allcargo Global Limited Swati Singh Company Secretary and Compliance O(cid:431)icer Membership No.: A20388 ALLCARGO GLOBAL LIMITED (Formerly known as Allcargo Worldwide Limited, formerly known as Allcargo ECU Limited) Allcargo House, 6th Floor, CST Road, Kalina, Santacruz (E), Mumbai - 400 098. Maharashtra. India. T: +91 22 6679 8110 | E: investor.relations@allcargo.global | W: www.allcargo.global | CIN: L52220MH2023PLC408966 “Allcargo Global Limited Q1 FY27 Earnings Conference Call” August 17, 2026 MANAGEMENT: MR. RAVI JAKHAR -- DIRECTOR STRATEGY AND GROUP CHIEF FINANCIAL OFFICER -- ALLCARGO GROUP MR. STEPHEN DUNN -- GLOBAL CHIEF FINANCIAL OFFICER -- ALLCARGO GLOBAL MR. SANJAY PUNJABI -- INVESTOR RELATIONS, ALLCARGO GROUP Page 1 of 19 Allcargo Global Limited August 17, 2026 Moderator: Ladies and gentlemen, good day and welcome to Allcargo Global Limited Q1 FY ‘27 Earnings Conference Call. We have with us the senior management team of Allcargo Global Limited, Mr. Ravi Jakhar, Director Strategy and Group CFO, Allcargo Group; Mr. Stephen Dunn, Global CFO, Allcargo Global; Mr. Sanjay Punjabi, Investor Relations, Allcargo Group. Please note, this call may contain some of the forward-looking statements which are completely based upon company's beliefs, opinions, and expectation as of today. These statements are not a guarantee of the company's future performance and involve unforeseen risks and uncertainties. The company also undertake no obligation to update any forward-looking statements to reflect the developments that occur after the statement is made. As a reminder, all participant lines will be in the listen-only mode, and there will be an opportunity for you to ask questions after the presentation concludes. Should you need assistance during the conference call, please signal an operator by pressing star then zero on your touchtone phone. Please note that this conference is being recorded. I now hand the conference over to Mr. Ravi Jakhar for his opening remarks. Thank you, and over to you, sir. Ravi Jakhar: Yes. Hi. Thank you. Good afternoon, everyone, and thank you for joining us on Allcargo Global Limited's First Quarterly Earnings Call, subsequent to our listing as an independent entity. We appreciate your interest in our company and business, and look forward to discussing our performance for the quarter as we progress through this call. I'll talk about a few macro headlines and give you a bit of a perspective on how business is trending before handing over to my colleague, Stephen Dunn, for more financial highlights. Speaking of the macroeconomic environment, we are all aware that there's a crisis going on in the Middle East, which is impacting trade and is naturally impacting our volumes also negatively, and that has remained so for the last 5 months to 6 months. At the same time, we have seen corrections in inventory levels, and that has led to some momentum in freight flowing through the other trade lanes. As an outcome of that, we have seen sequential improvement in most trade lanes for our business, whether it's transatlantic, transpacific, or some of the intra-Asian trade lanes as well. As an outcome of that, we have seen incremental volumes in both LCL and air of the magnitude of about 5%, while on the FCL, we have seen a quarter-on-quarter growth rate of about 1%. A marginally lower growth rate on FCL is also coming from the fact that FCL business has higher contribution of the Middle East, Africa region, which is impacted by the war, and therefore, the negative pull of the Middle East region has a slightly more bearing. Otherwise, broadly, the trend is similar in terms of seeing volume expansions sequentially across all the trade lanes, across all the products. Page 2 of 19 Allcargo Global Limited August 17, 2026 The other element which has now remained as a, you know, constant in the background is the Russia-Ukraine war and some of the other minor geopolitical disturbances, which have ensured that the global economic environment has remained more flattish, and it hasn't changed much over the last 12 months to 18 months. However, we do see that over the last 3month, 4 months, there has been marginal improvement in the trade environment, with volumes picking up for some of these key trade lanes. And like I mentioned, perhaps half of our growth is contributed by market growth, and half of our growth in this quarter is contributed by market outperformance. The other aspect that I would like to highlight is that the capacity on the carrier side has been somewhat more constrained with all these disruptions. And as an outcome of that, the freight rates prevailing over the last few months have been on the higher side, and which is what reflects in our revenues as well as freight being passed through in our some of our operating costs as well. What we have been able to do besides marginally benefiting from these tailwinds over the last few months. We have also focused a lot on company-specific initiatives on how we could keep our cost under control and not just mitigate the inflationary measures, but also perhaps bring down the costs over the last year's base using opportunities on both technology-led automations, replacing some of the work with Agentic AI, and also continuing our drive to have more and more resources based in lower cost geographies, which is made possible by our continued focus and investments in creating one single system for finance, HR, operations across the globe. So, that's a trend that continues for us on the business side. As we move forward, we are not taking into account any significant improvements in the economic environment as we prepare for our business strategy. Some of these geopolitical events are completely unpredictable, and rather than pivoting any of our plans to an outcome driven by an end to the Middle East conflict or end to some of the other conflicts, our focus entirely remains on operating in the environment as the business opportunity presents. And then trying to stay focused on improving our efficiency, we have brought down our loss- making trade lanes, focused on container utilization, and all of these factors contribute to improved gross profits per unit of cargo that we carry. And like I mentioned, combined with the focus on staff and admin costs using tech and process excellence and offshoring are the key focus areas for us to maintain and continue to see marginally improved profit performance. So, that's in a nutshell on the operating environment and some of our core business strategies. And before we come back to questioning on these and some of the other broader points, I would now hand over to my colleague Stephen Dunn, the CFO for the company, to take us through some of the financial highlights. Steve. Stephen Dunn: Thank you. The first quarter of FY ‘27 reflects continued progress in our financial performance over the same period last year and sequential quarter. As highlighted, improving trade conditions supported volume [Showing first 8,000 characters — download PDF for full document]