Subex Limited has informed the Exchange about Investor Presentation
August 11, 2025
The Secretary BSE Limited Phiroze Jeejeebhoy Towers Dalal Street, Mumbai- 400 001 Fax: 022-2272 2037/2039/2041/3121 BSE Scrip Code: 532348
Dear Sir/Madam,
The Secretary National Stock Exchange of India Limited Exchange Plaza, 5th Floor, Plot no. C/l G Block, Bandra-Kurla Complex Bandra (E), Mumbai - 400 051 Fax: 022-2659 8237/38; 2659 8347/48 NSE Symbol: SUBEXLTD
Sub: Subex Limited “The Company”- Investor Presentation for Q1 FY26
Pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, please find enclosed the Investor presentation for Q1 of FY26 for the Earnings Call scheduled to be held on Tuesday, August 12, 2025, at 05:00 P.M. (IST).
Kindly broadcast the same on your website.
Thanking you
Yours truly, For Subex Limited
Ramu Akkili Company Secretary & Compliance Officer
Encl: as above
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Subex Limited Investor Presentation
11 August 2025
investor.relations@subex.com
Agenda of the meeting
• Financial Updates
• Business Highlights
FY26 Quarterly Results
•
Revenue : Q1 Revenue declined by 6% to ₹6,640 lakhs compared to ₹7,060 lakhs in Q4. primarily due to deal spillover and elimination of non telco revenues. On year- on- year basis, Telco revenue remained almost flat.
• Normalised EBITDA : Declined to ₹428 lakhs from ₹526 lakhs in the previous quarter, majorly due to decline in revenue offset by the cost optimization and burn reduction of Non- telco business.
• • Normalised PBT: PBT improved significantly to +₹ 1471 lakhs from +₹ 414
lakhs in Q4FY25, driven by:
• Non-operating income including ~₹11.4 Cr from IT refund interest •
Lease termination gain of ~₹2.6 Cr.
• Normalised PAT : PAT Increased to ₹ 1281 lakhs from ₹ 66 lakhs in
previous quarter
•
•
Impairment allowances on receivables: In Q4 FY25, a provision of ₹1,689 lakhs was made on a prudent basis towards disputed receivables in the Non-Telco business. Recovery options are under active discussion.
Earnings Per Share (EPS): EPS for Q1 FY26 is ₹0.23, compared to ₹0.32 in Q4 FY25 and ₹(0.20) in Q1 FY25.
Other Information
• DSO Increased to ~96 days from ~87 days in Q4 FY25, excluding unbilled
•
•
trade debtors, however it has reduced by 15 days on year-on-year basis. Closing cash stood at ₹ 13.582 Lakhs vs ₹ ₹ 10.475 Lakhs of Q4 FY25, reflecting continued liquidity stability. Tax refund update: A Tax refund of ₹34 crores received in the current quarter.
(₹ in Lakhs)
Normalised EBITDA* Normalised PBT* Normalised PAT * PAT Incl. Exceptional Items & impairment allowances
Q1 FY25
Q4 FY25
Q1 FY26
(604) 526 428 (837) 414 1,471 (1,121) 66 1,281
(1,121) (1,760)
1,281
* Excluding Exceptional Items & Impairment allowance for trade receivables
Revenue Metrices – Q1 FY26
Business Highlights
Reimagine & Grow • Won Tier 1 opportunity in Middle East • MS continues to be a strong business
•
Renewed Tier 1 MS contract in Africa
Growth
Launched FraudZap, a light-weight Fraud Detection platform
• • HS is now embedded with GenAI
•
•
•
PAT turned positive, driven by non-core gains from IT refunds and supported by strong operational discipline and effective cost management. Cash position significantly improved, reflecting enhanced working capital efficiency and and one-time income gains EBITDA has been positive in 6 out of last 7 quarters, underscoring consistent operational performance.
• Operationalizing AI across engineering teams • Deployed GenAI via initiatives like Code Shield workshop, used GitHub Copilot to
boost test coverage, reduce defects, and accelerate releases
• Building an AI-native workforce to future-proof innovation
Efficiency
Talent
G
E
T
5
Quarter 1 Order Intake Snapshot
Won a new deal from a tier-1 operator in Middle East for HyperSense Fraud management
Renewed AI MS contract for a tier-1 operator in Africa
Tier-1 operator in Americas renewed Managed Services for 1 year
Tier-1 Indian operator renewed their Product License
Tier-1 Operator in North Africa renewed their License
6
The Subex Advantage
01
Strong Tailwinds in AI
- Almost all RFPs ask for AI use cases - Fraud Management a top AI & GenAI Use Case amongst Telcos
02
Few Players with Data Access
- 150+ customer base with data connectors processing 500bn+ records per day - High switching costs
03
Telco Domain Expertise
- 30+ years of expertise in telecom and handling Telco data across functions - Continuous product development with strong R&D spend
04
Geography Focus
- Revenue growth driven by strong presence in emerging markets and increased
AI adoption in developed markets.
05
Landed and Expanding
- Landed & expanding with AI across clients
06
Strong Annuity Model
- Strong revenue model with ~70% revenue is annuity/recurring nature - Excellent customer retention of ~95%
7
Global Marquee Customer Base
150+
Global customers 100+ Countries
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Thank you
investor.relations@subex.com
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