Crizac Limited

25%

Million) Operating EBITDA! (INR Million & % Margin) PAT (INR Million & % Margin) o Growth ~25% 36.34% 28.45% QiFY26 Q2FY25 QIFY26 Q2FY26 Q2FY25 Q1FY26 Q2FY26 1. Operating EBI

36.34%

on) Operating EBITDA! (INR Million & % Margin) PAT (INR Million & % Margin) o Growth ~25% 36.34% 28.45% QiFY26 Q2FY25 QIFY26 Q2FY26 Q2FY25 Q1FY26 Q2FY26 1. Operating EBITDA does

28.45%

rating EBITDA! (INR Million & % Margin) PAT (INR Million & % Margin) o Growth ~25% 36.34% 28.45% QiFY26 Q2FY25 QIFY26 Q2FY26 Q2FY25 Q1FY26 Q2FY26 1. Operating EBITDA does not inclu

INR 439,54 Lakh

does not include Other Income or Exceptional Items; EBITDA includes loss from forward contracts of INR 439,54 Lakhs, Nil and INR 24.72 Lakhs for the quarter ended June 30, 2025, quarter ended March 31, 2025 and qu

INR 24.72 Lakh

ome or Exceptional Items; EBITDA includes loss from forward contracts of INR 439,54 Lakhs, Nil and INR 24.72 Lakhs for the quarter ended June 30, 2025, quarter ended March 31, 2025 and quarter ended June 30, 2024

INR 439.54 Lakh

d quarter ended June 30, 2024, respectively PAT includes impact of loss from forward contracts of INR 439.54 Lakhs, Nil and INR 24.72 Lakhs for the quarter ended June 30, 2025, quarter ended March 31, 2025 and qu

2 million

fit after tax (PAT) (% million) PAT Margin © (%) ROE @ (%) Financial KPIs Z million % 2 million % Z million % % million % % z\il:td\:)l,g)rking Capital as # days of Revenues from Op

24.93%

-o0-Y % Rationale for change Income Revenue from operations 1,622.52 2,095.35 1298.79 24.93% Growth in enrolments Other income Total income (1) Expenses Cost of Services 76.37 76

12.03%

nrolments Other income Total income (1) Expenses Cost of Services 76.37 76.70 68.17 12.03% Increase in Interest Income from FDs 1,698.89 2,172.05 1,366.96 24.28% 912.77 1,343.8

24.28%

76.70 68.17 12.03% Increase in Interest Income from FDs 1,698.89 2,172.05 1,366.96 24.28% 912.77 1,343.80 755.30 20.85% Increase in-line with growth in Revenues from Operations

20.85%

n Interest Income from FDs 1,698.89 2,172.05 1,366.96 24.28% 912.77 1,343.80 755.30 20.85% Increase in-line with growth in Revenues from Operations Employee Benefits Expense 72.93 54

40.60%

-line with growth in Revenues from Operations Employee Benefits Expense 72.93 54.94 51.87 40.60% Increase in-line with growth in scale of operations and normal wage increase Finance Costs 0

Notes

1

Tax Expense

1

Operations

1

ROE

1

Notes

(1) @ 3) “@ () (6) (7) [C] [l (10) Statement of Profit and Loss (Quarterly) Particulars (X mn) | Q2FY26 ‘ Q1FY26 ’ Q2FY25 | Y-o0-Y % Rationale for change Income Revenue from operations 1,622.52 2,095.35 1298.79 24.93% Growth in enrolments Other income Total income (1) Expenses Cost of Services 76.37 76.70 68.17 12.03% Increase in Interest Income from FDs 1,698.89 2,172.05 1,366.96 24.28% 912.77 1,343.80 755.30 20.85% Increase in-line with growth in Revenues from Operations Employee Benefits Expense 72.93 54.94 51.87 40.60% Increase in-line with growth in scale of operations and normal wage increase Finance Costs 0.05 0.03 0.03 66.66% Not meaningful Depreciation and Amortisation Expense 60.82 66.90 114.30 (46.79%) Decrease in WDV of Assets i (Galn)/_Loss on Forward Contracts and Exchange Rate Differences 43.08) 37.60 108.05 (139.87%) 0, Due to Profit in Forward Contracts Other Expenses Total expenses (1) 47.23 47.41 60.24 (21.60%) Due to decrease in Expenses 1,050.72 1,550.68 1,089.79 (

Tax Expense

Current Tax Deferred Tax Total Tax Expenses Profit/(Loss) after Tax Privileged & Confidential, © 2025, All Rights Reserved. 158.74 6.07 164.81 164.42 (1.18) 163.24 75.38 (0.68) 74.70 5,992.38 191.62 0.11 456.55 7.59 154.51 6,802.76 2,051.90 712.22 (210.21) 502.01 1,549.89 Summary - proforma consolidated balance sheet for past 2 fiscals Assets Non-current assets Property, Plant and Equipment Intangible Asset Right of Use Asset Investment Property Goodwill Financial Assets i. Investments in Subsidiary ii. Investments iii. Other Financial Assets Other Non-Current Assets Total Non-Current Assets Current assets Financial Assets i. Investments ii. Trade Receivables iii. Cash and Cash Equivalents iv. Other Bank Balances v. Other Financial Assets Current Tax Assets(Net) Other Current Assets Total Current Assets Total Assets Privileged & Confidential, © 2025, All Rights Reserved. Particulars (X mn Equity and liabi Equity Equity Share Capital Other Equity Total Equity Liabilities Non-current lia

ROE

\ i@ N/ Revenue CAGR* FY 25 INR 8,494.91 Mn 25.38% 17.50% 30.79% 100.18% institutions of higher education Crizac is also Debt Free and has Strong Operating Cash Flows Primary source of revenue is the income received from the educational consultancy services provided to the global institutions of higher education Crizac sources student applications from over 80+ countries® through around 13,500+ agents globally who are registered on the proprietary technology platform Numbers Key Geographies Global Institutions — Aj». Of Higher Education 4 UK ‘ ' Ireland (%) canada &= ysp Student Applications . s < India o ' . Nigeria . China ' Kenya 250+ 3,500+ 9.20 Lakh+ 80+ 66/14 Global institutions of higher education® Agents registered on platform (As of September 30, 2025) Student applications® Countries from which applications are sourced® Employees/ Consultants (As on September 30, 2025) ... which provides student recruitment solutions across the higher education system ‘@rizac MAKING, EDUCATION