Zaggle Prepaid Ocean Services
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Zaggle Prepaid Ocean Services (ZAGGLE) investor relations material

Zaggle Prepaid Ocean Services Q3 25/26 earnings summary

Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.
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Q3 25/26 earnings summary12 Feb, 2026

Executive summary

  • Achieved record quarterly and nine-month performance, with Q3 FY26 revenue at INR 4,976 million, up 47.9% YoY, and adjusted EBITDA at INR 513 million, surpassing INR 500 million for the first time.

  • AI-driven operational improvements, including Agentic AI workflows, have significantly reduced product development cycles and enhanced automation in vendor reconciliations and compliance.

  • Expanded customer base to 3.7 million active users and over 3,700 enterprise clients, with notable new contracts and cross-sell momentum.

  • Strategic international expansion underway, including new subsidiaries in GIFT City and planned entry into the UAE and MENA region.

  • Board and auditors approved standalone and consolidated unaudited financial results for the quarter and nine months ended December 31, 2025.

Financial highlights

  • Q3 FY26 consolidated revenue from operations was INR 5,255.49 million, up from INR 3,368.87 million in Q3 FY25; adjusted EBITDA for Q3 FY26 was INR 513 million (+62.9% YoY); PAT for Q3 FY26 reached INR 370.62 million (+77.7% YoY).

  • Nine-month FY26 consolidated revenue was INR 13,193.34 million, up from INR 9,057.06 million YoY; adjusted EBITDA at INR 1,277 million (+47.5% YoY); PAT at INR 981.52 million (+71.3% YoY).

  • Gross profit for Q3 FY26: INR 2,368 million (+57.2% YoY); gross margin improved to 47.6%.

  • Cash PAT for Q3 FY26: INR 461 million (+76.0% YoY); for 9MFY26: INR 1,212 million (+68.3% YoY).

  • Basic consolidated EPS for Q3 FY26 was INR 2.76, up from INR 1.61 in Q3 FY25; nine-month EPS was INR 7.31, up from INR 4.62 YoY.

Outlook and guidance

  • Expecting to achieve operating cash flow breakeven by FY26 and turn OCF positive in FY27.

  • Margin expansion targeted, with adjusted EBITDA margin guidance of 14%-15% in five to seven years, alongside $1 billion revenue.

  • Revenue growth guidance for FY26 is 40%-45% organically and domestically, with potential upside from acquisitions and international expansion.

  • Focus remains on expanding platform capabilities globally and building a high-margin business with the salaried user base.

  • Targeting revenue of INR 5,000 million from the new monetization pillar (Zagg.Money) leveraging 3.7 million salaried users.

Quantify AI's impact on development time and IT costs.
ZAG.money monetization strategy and INR 500cr target
What's the glide path for OCF positive and ROE growth?
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Next Zaggle Prepaid Ocean Services earnings date

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Q4 25/2611 May, 2026
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Next Zaggle Prepaid Ocean Services earnings date

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Q4 25/2611 May, 2026

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Frequently asked questions

Zaggle Prepaid Ocean Services Limited is a fintech company specializing in spend management solutions and financial technology products. It provides various software-as-a-service (SaaS) platforms, including Propel for channel rewards and incentives, Save for digitized employee reimbursements and tax benefits, and CEMS for customer engagement management. The company also offers a Zaggle Payroll Card, a prepaid payroll solution for businesses to manage payments to contractors and unbanked workers. Zaggle serves a wide range of clients, including corporates, small and medium-sized enterprises, and startups. The company is headquartered in Hyderabad, Telangana, and its shares are listed on the NSE.

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