Adani Enterprises Limited

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31st July 2025 BSE Limited P J Towers, Dalal Street, Mumbai – 400001. National Stock Exchange of India Limited Exchange plaza, Bandra-

74%

Release Adani Enterprises Ltd announces Q1-FY26 results Incubating Infra Businesses contributes 74% to Consolidated EBITDA Consolidated EBITDA at Rs. 3,786 cr Consolidated PBT at Rs. 1,466 cr C

Rs. 3,786

sults Incubating Infra Businesses contributes 74% to Consolidated EBITDA Consolidated EBITDA at Rs. 3,786 cr Consolidated PBT at Rs. 1,466 cr Consolidated financial highlights Q1 FY26 Editor’s Synopsi

Rs. 1,466

contributes 74% to Consolidated EBITDA Consolidated EBITDA at Rs. 3,786 cr Consolidated PBT at Rs. 1,466 cr Consolidated financial highlights Q1 FY26 Editor’s Synopsis • Total income at Rs. 22,437 cr

Rs. 22,437

at Rs. 1,466 cr Consolidated financial highlights Q1 FY26 Editor’s Synopsis • Total income at Rs. 22,437 cr • EBITDA at Rs. 3,786 cr • PBT at Rs. 1,466 cr • • AAHL-Adani Airports EBITDA increased by 61% Yo

61%

2,437 cr • EBITDA at Rs. 3,786 cr • PBT at Rs. 1,466 cr • • AAHL-Adani Airports EBITDA increased by 61% YoY to Rs. 1,094 cr • Results for the quarter impacted primarily on account of the decrease in trad

Rs. 1,094

EBITDA at Rs. 3,786 cr • PBT at Rs. 1,466 cr • • AAHL-Adani Airports EBITDA increased by 61% YoY to Rs. 1,094 cr • Results for the quarter impacted primarily on account of the decrease in trade Incubating busi

5%

quarter impacted primarily on account of the decrease in trade Incubating businesses EBITDA up by 5% YoY to Rs.2,800 cr volume and volatility of index prices in IRM and Commercial Mining Business hi

Rs.2,800

mpacted primarily on account of the decrease in trade Incubating businesses EBITDA up by 5% YoY to Rs.2,800 cr volume and volatility of index prices in IRM and Commercial Mining Business highlights • AAHL

300 MW

s • AAHL-Adani Airports manages 23.4 mn pax movements • ANIL received its first external order of 300 MW for the new 3.3 MW WTG model • ANIL has successfully supplied 1 GW of India’s largest 5.2 MW wind t

3.3 MW

rports manages 23.4 mn pax movements • ANIL received its first external order of 300 MW for the new 3.3 MW WTG model • ANIL has successfully supplied 1 GW of India’s largest 5.2 MW wind turbines • Two new M

1 GW

ed its first external order of 300 MW for the new 3.3 MW WTG model • ANIL has successfully supplied 1 GW of India’s largest 5.2 MW wind turbines • Two new MDO service agreements signed Ahmedabad, July 31

“in Crore) Q1 FY25 26,067 4,300 2,236 1,458 2,704 Q1 FY26 22,437 3,786 1,466 734 2,091 % change Y-o-Y (14%) (12%) (34%) (50%) (23%) FY25 1,00,365 16,722 10,479 7,112 7,968 Note: 1.”

“Cash Accruals is equal to Profit Before Tax + Depreciation – Current Taxes Incubating Businesses Financial Highlights Q1 FY25 Q1 FY26 % change Y-o-Y FY25 (Rs.”

“On 17th Apr’25, Board of Directors have approved the acquisition of NQXT by APSEZ, transaction will be concluded post pending regulatory approval.”

“Home outline Hamburger Menu Icon with solid fill 6 Adani Portfolio: Best-in class growth with national footprint Predictable, high and rising free cash flow National footprint with deep coverage All figures in INR cr Tax paid Finance cost paid CAT (FFO) EBITDA 24,870 12,784 (51%) 10,418 (42%) 1,668 EBITDA 89,806 66,527 (74%) 18,711 (21%) 4,568 FY19 FY20 FY21 FY22 FY23 FY24 FY25 AEL APSEZ AGEL ATGL AESL APL Ambuja Cement Adani’s Core Infra.”

“Origination Site Development Construction • Analysis & market • Site acquisition • Engineering & design intelligence • Viability analysis • Concessions & regulatory agreements • Sourcing & quality • Project Management Consultancy (PMC) OPERATIONS Operations (AIMSL) 2 Operation • Life cycle O&M planning CONSUMERS New C.E.O.”

“(additional company is being proposed) | O&M: Operations & Maintenance l HVDC: High voltage direct current l PSU: Public Sector Undertaking (Public Banks in India) l GMTN: Global Medium-Term Notes l SLB: Sustainability Linked Bonds l AEML: Adani Electricity Mumbai Ltd.”

“• Project Suposhan undertaken by Adani Wilmar is successfully continuing its operation.”

“✓ Development of ESG related policies, and procedures ✓ Support AEL BUs for developing transition plan to become operational net zero ✓ Capacity Building on ESG for businesses including training ✓ Submit response to key ESG rating agencies such as DJSI and CDP and develop ESG & BRSR Report.”

“✓ ESG target setting and monitoring performance Roles & Responsibilities of BU ESG Team ✓ Create business-level ESG strategy, implementation and monitoring plan.”

Registered Office

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Registered Office

“Adani Corporate House”, Shantigram, Near Vaishno Devi Circle, S.G. Highway, Khodiyar, Ahmedabad 382 421, Phone : 079-26565555 ; Fax : 079-26565500 ; Email : info@adani.com ; Website : www.adanienterprises.com Consolidated Financial Highlights Particulars Total Income EBITDA Profit Before Tax Profit After Tax1 Cash Accruals2 (Rs. in Crore) Q1 FY25 26,067 4,300 2,236 1,458 2,704 Q1 FY26 22,437 3,786 1,466 734 2,091 % change Y-o-Y (14%) (12%) (34%) (50%) (23%) FY25 1,00,365 16,722 10,479 7,112 7,968 Note: 1. PAT attributable to shareholders including exceptional gain 2. Cash Accruals is equal to Profit Before Tax + Depreciation – Current Taxes Incubating Businesses Financial Highlights Q1 FY25 Q1 FY26 % change Y-o-Y FY25 (Rs. in Crore) Particulars ANIL Ecosystem Total Income EBITDA PBT Airports Total Income EBITDA PBT Operational Highlights 4,519 1,642 1,425 2,177 682 (89) 4,035 1,212 960 2,715 1,094 204 (11%) (26%) (33%) 25% 61% - Volume Q1 FY25 Q1 FY26 % change Y-o-Y ANIL Ecosystem Mod

Registered Office

“Adani Corporate House”, Shantigram, Near Vaishno Devi Circle, S.G. Highway, Khodiyar, Ahmedabad 382 421, Phone : 079-26565555 ; Fax : 079-26565500 ; Email : info@adani.com ; Website : www.adanienterprises.com 14,236 4,776 3,958 10,224 3,480 (5) FY25 4,263 164 94.4 623.8 10.9 Business Updates Adani New Industries (ANIL - Green Hydrogen Ecosystem) • Commissioned India’s first off-grid 5 MW Green Hydrogen pilot plant marking a major milestone in the nation’s clean energy transition • Wind Turbine business received its first external order of 300 MW for 3.3 MW WTG platform and started serial production • Construction for the additional 6 GW module capacity progressing as per schedule AdaniConnex Pvt Ltd (ACX - Data Center) • Noida data center MEP works in progress • Hyderabad data center phase II MEP works ~72% completed • Pune data center phase I works crosses ~85% MEP: Mechanical, Electrical & Plumbing Adani Airport Holdings Ltd (AAHL - Airports) • Secured USD 1.75 billion through ECBs

Registered Office

“Adani Corporate House”, Shantigram, Near Vaishno Devi Circle, S.G. Highway, Khodiyar, Ahmedabad 382 421, Phone : 079-26565555 ; Fax : 079-26565500 ; Email : info@adani.com ; Website : www.adanienterprises.com ESG Highlights • AEL Sustainalytics ESG score has improved to 28 “Medium Risk” from previous score of 34 “High Risk” reflecting the impact of AEL’s strategic efforts to strengthen governance, enhance transparency and embed sustainability to its core operations About Adani Enterprises Ltd Adani Enterprises Limited (AEL) is the flagship company of Adani Group, one of India’s largest business organisations. Over the years, Adani Enterprises has focused on building emerging infrastructure businesses, contributing to nation-building and divesting them into separate listed entities. Having successfully built sizeable and scalable businesses like Adani Ports & SEZ, Adani Energy Solutions, Adani Power, Adani Green Energy, Adani Total Gas and Adani Wilmar, the company has contributed to m

Registered Office

“Adani Corporate House”, Shantigram, Near Vaishno Devi Circle, S.G. Highway, Khodiyar, Ahmedabad 382 421, Phone : 079-26565555 ; Fax : 079-26565500 ; Email : info@adani.com ; Website : www.adanienterprises.com Annexure-B Adani Enterprises Limited Earnings Presentation Q1 FY26 Adani Enterprises Limited (“AEL”): Consolidated Financial Highlights Q1-26 ₹ crore Results at glance Total Income EBITDA PBT 26,067 9,342 16,725 22,437 9,018 13,419 Q1-25 Q1-26 Established Businesses Incubating Businesses (core infra) 4,300 2,667 1,633 Q1-25 3,786 2,800 5% 986 Q1-26 2,236 1,552 684 Q1-25 1,466 1,438 28 Q1-26 ➢ EBITDA impacted primarily on account of decrease in trade volume and volatility of index prices in IRM and Commercial Mining ➢ Incubating businesses EBITDA continues growth momentum led by Airports and Roads ➢ Large Infra assets comprising Navi Mumbai Airport, Copper Plant and Ganga Expressway to unlock EBITDA from FY26 Incubating Business – [Energy & Utility – ANIL Ecosystem, Adani Connex D