Muthoot Microfin Limited

rs,

ited Corporate Relationship Department, 2nd Floor, New Trading Wing, Rotunda Building, P.J. Towers, Dalal Street, Mumbai 400001 National Stock Exchange of India Limited Exchange Plaza, 5th Floor,

Rs 3,421

MML) is the 2nd Largest company by AUM under the Muthoot Pappachan Group. Promoters have infused Rs 3,421 Mn in MML till date One of the few NBFC-MFIs where the original promoters have continued to retain

₹50,000

• Entered Telangana and Andhra Pradesh State 2024 Launched the ‘Mahila Mitra’ app • AUM Crossed ₹50,000 Mn • Raised ₹1.9 Bn from GPC through preferential allotment • 2023 2025 • Secures ESG Score of 7

₹1.9

and Andhra Pradesh State 2024 Launched the ‘Mahila Mitra’ app • AUM Crossed ₹50,000 Mn • Raised ₹1.9 Bn from GPC through preferential allotment • 2023 2025 • Secures ESG Score of 72.2 with CareEdge

₹2,200

hed in Dec-23, witnessed a big interest from investors and was subscribed by 11.52 times. • Raised ₹2,200 Mn in a rights issue from existing investors – MFL: ₹351 Mn, Creation: ₹251 Mn, Individual Promoters

₹351

was subscribed by 11.52 times. • Raised ₹2,200 Mn in a rights issue from existing investors – MFL: ₹351 Mn, Creation: ₹251 Mn, Individual Promoters: ₹1,567 Mn, Others: ₹31 Mn • Raised an additional ₹300

₹251

1.52 times. • Raised ₹2,200 Mn in a rights issue from existing investors – MFL: ₹351 Mn, Creation: ₹251 Mn, Individual Promoters: ₹1,567 Mn, Others: ₹31 Mn • Raised an additional ₹300 Mn from Creation 2

₹1,567

in a rights issue from existing investors – MFL: ₹351 Mn, Creation: ₹251 Mn, Individual Promoters: ₹1,567 Mn, Others: ₹31 Mn • Raised an additional ₹300 Mn from Creation 2018 2019 • Raised ₹1.9 Bn and ₹

₹31

from existing investors – MFL: ₹351 Mn, Creation: ₹251 Mn, Individual Promoters: ₹1,567 Mn, Others: ₹31 Mn • Raised an additional ₹300 Mn from Creation 2018 2019 • Raised ₹1.9 Bn and ₹818 Mn from GPC

₹300

₹351 Mn, Creation: ₹251 Mn, Individual Promoters: ₹1,567 Mn, Others: ₹31 Mn • Raised an additional ₹300 Mn from Creation 2018 2019 • Raised ₹1.9 Bn and ₹818 Mn from GPC in two separate rounds during

₹818

Mn, Others: ₹31 Mn • Raised an additional ₹300 Mn from Creation 2018 2019 • Raised ₹1.9 Bn and ₹818 Mn from GPC in two separate rounds during the year • CRISIL upgraded the rating to A+ (Stable) •

₹ 150

k facilities and debt instruments RBI granted NBFC-MFI status 2017 Crossed 1Mn clients Raised ₹ 150 Mn and ₹ 350 Mn from Creation in two separate rounds during the year 2015 2016 Raised ₹500 Mn fro

“With a 28% growth in disbursements during Q2 FY26, led by 253 Cr in new individual loans, we continue to scale our retail footprint effectively.”

“Despite a marginal YoY dip in client retention, a strong 95% rate in Q2 FY26 reflects sustained customer stability.”

“36 36 36 36 37 NTM & NTC Client Count (Lks) NTC % on NTM NTM (Lks) 1.6 1.1 1.4 1.1 0.9 AUM Split ETM & NTM Clients NTM (Lks) Existing Clients Retention (Mn) 96 96 95 96 95 17 25 27 31 32 Q1 FY'26 Q2 FY'26 Q2 FY’25Q3 FY’25 Q4 FY’25 Q1 FY’26 Q2 FY’26 38% 62% 35% 65% Q2 FY’25 Q3 FY’25 Q4 FY’25 Q1 FY’26 Q2 FY’26 37% of group loans were sourced from NTM & NTC clients, who contribute 30% to disbursements.”

“We maintained a strong 95% retention rate in Q2 FY26, reflecting consistent customer loyalty and a data-driven focus on building a high-quality, low-risk borrower base for sustainable growth.”

“9 8 X Bucket CE % Q3 FY'25 Q4 FY'25 Q1 FY'26 Q2 FY'26 % 2 .”

“4 9 T N K L B H K A U P R O I TN KL BH UP KA ROI 19 Collection Efficiency CE % 93.6% 92.4% 95.9% 95.2% 92.6% 90.7% 93.0% 93.3% FY'25 FY'26 Q1 FY'25 Q2 FY'25 Q3 FY'25 Q4 FY'25 Q1 FY'26 Q2 FY'26 Overall CE - X Bucket 99.5% 99.4% 99.9% 100.0% 99.1% 99.0% 99.0% 99.8% FY'25 FY'26 Q1 FY'25 Q2 FY'25 Q3 FY'25 Q4 FY'25 Q1 FY'26 Q2 FY'26 20 Overdue Collection Performance Collection Performance (Collection incld.”

“MML has the lowest share of clients in the 'Own + 4 or more lenders' segment at 3.2%, reflecting a 1.5 percentage point drop from the previous quarter and a 7 percentage decline compared to Q2 FY'25.”

“25 Performance & Annual Guidance Guidance FY 26 Particulars Actual Guidance Actual FY 25 FY 26 H1 FY 26 Remarks AUM -Growth 1.3% 5%-10% 3.3% (10% Q2 standalone) Growth expected to be back on FY 26.”

“▪ System driven field visit target setting & measurement ▪ Mobile app-based visit recording with Geo-tagging.”

Note

2

NACH Return reasons

1

Natural Calamities

1

Client Distribution

1

Over-Indebtedness Reduction

1

Clients

1

For further information please contact

1

Note

1. Employee Data as on Sep 30, 2025 The employee composition displayed in the chart excludes 267 loan officers on the Team Lease & Team up payroll. Muthoot Microfin wins the Tusker Awards 2025 in the "Girl Empowerment Mission" category for its Outstanding Empowerment Initiative. 6 Diversification While Empowering Growth, Transforming Lives From Paper Envelopes to Prosperity - The Story of a Muthoot Microfin Entrepreneur Product & Market: Market Diversification Life Transformation: Dream Realized Financial Impact: 10x Income Growth Branch – Vypin MML Location – Vypin The Beginning The Growth of the "In 2018, our customer Ms.Elizabeth PJ started with a simple paper envelope business. Despite her dedication, she quickly faced the universal challenge entrepreneur: machinery limitations and a struggle to scale. Her monthly income was a modest ₹6,000. The turning point came with her first IGL from Muthoot Microfin in August 2019. That initial capital wasn't just a loan; it was the essential

NACH Return reasons

Region wise NACH collection Payment 95.06% 97.94% 97.96% 100.0% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% On Time (T) T+1 T+2 T+3 95% of NACH payments were made on time, while the remaining 5% were returned but fully recovered within a 3- day TAT, reflecting robust repayment discipline and recovered within three days and recovery stands at 100%. 97.3% Balance Insufficient 1.8% A/c Blocked/Frozen 0.5% Account Closed/Transferred 0.5% Credit Limit Reached 99.53% 98.79% 93.50% 93.52% 98.67% 97.32% 99.53% 98.79% 93.50% 93.24% 98.67% 97.32% 96.06% 95.49% 92.68% 93.24% 93.07% 95.08% TN KL BH UP KA ROI On time T+1 T+2 T+3 AUM for the Individual Loans stands at 4,603 Mn and disbursement stands at 4,680 Mn as on 31st Oct 2025. 8 Strategic re-alignment through Product Diversification – Micro LAP & Gold Loan Month wise MicroLAP Loan Performance 0.8 0.9 0.3 0.3 Amount in Mn 0.3 66.7 12.8 4.5 Q4FY'25 29.2 6.3 Q1FY'26 27.4 15.0 19.8 20.5 46.9 Jul-25 Aug-25 Sep-25 ATS Disbursement Portfolio Secto

Natural Calamities

In Q2 FY’26, severe floods across key northern and western states impacted a portion of our portfolio. A total of 36.7K loans have been affected during the these exposures are fully covered under NATCAT current FY. All insurance, ensuring protection for our borrowers. Claim processing is actively underway, and 96% of all intimated claims have already been settled, with the remaining cases expected to close shortly. 18 Top 5 States Performance Disbursement (Mn) Q3 FY'25 Q4 FY'25 Q1 FY'26 Q2 FY'26 9 6 6 6 , 43% 7 9 6 4 , 0 3 5 4 , 0 6 6 4 , 3 2 6 4 , 45% 0 4 1 3 , 2 3 2 3 , 8 8 1 3 , 6 5 1 2 , 6 9 9 1 , 7 0 6 1 , 2 3 4 1 , 2 1 4 1 , 4 1 6 3 2 6 3 6 8 5 2 0 2 , 3 2 7 1 , 7 1 4 1 , 3 5 4 1 , 9 9 4 7 , 1 2 9 6 , , 4 2 5 6 7 3 4 6 , AUM (Mn) 0 7 4 1 3 , 9 4 7 0 3 , 1 8 3 0 3 , 8 0 7 1 3 , 4% Q3 FY'25 Q4 FY'25 Q1 FY'26 Q2 FY'26 1 4 6 3 4 , 6 7 7 1 4 , 4 6 6 0 4 , 9 6 8 8 3 , 2 2 9 7 1 , 4 9 4 7 1 , 4 3 2 7 1 , 4 4 0 8 1 , 5% 4 6 1 3 1 , 8 6 0 3 1 , 0 5 5 2 1 , 7 3 2 2 1 , 4 0 2 1 1 , 4 6 2 0

Client Distribution

MML has the lowest share of clients in the 'Own + 4 or more lenders' segment at 3.2%, reflecting a 1.5 percentage point drop from the previous quarter and a 7 percentage decline compared to Q2 FY'25.

Over-Indebtedness Reduction

The share of MML customers with total indebtedness above ₹2 lakhs has declined to 0.8%, from 1% in the previous quarter. Likewise, the portfolio share of these customers have reduced from 1.4% to 1.2%, highlighting MML’s continued focus on responsible lending and effective risk control. Indebtedness Upto 50K 50k - 1Lk 1Lk - 1.5Lk 1.5Lk - 2Lk 2Lk Above Total % Borrowers % Portfolio % Performance of Unique Borrowers to Muthoot Q2 FY-26 45.3% 31.2% 17.4% 5.3% 0.8% 100.0% Q1 FY-26 42.6% 31.6% 18.9% 5.9% 1.0% 100.0% Q4 FY-25 39.0% 31.0% 20.3% 7.9% 1.8% 100.0% Q3 FY-25 40.3% 30.0% 19.5% 7.9% 2.2% 100.0% Q2 FY-26 Q1 FY-26 Q4 FY-25 Q3 FY-25 *30+ PAR X Bucket CE% 17.3% 41.2% 30.2% 10.0% 1.2% 16.2% 40.9% 31.0% 10.5% 1.4% 15.0% 39.7% 29.9% 13.0% 2.3% 16.7% 38.7% 28.5% 12.9% 3.2% s U o t e u q n U i 45.5% 19.7% 100.0% 100.0% 100.0% 100.0% 3.8% 5.1% 7.9% 30+ PAR% 100.8% 100.2% 99.7% 98.1% 95.4% s U o t e u q n U i 1 + s U 2 + s U 3 + s U X Bucket CE% e v o b A & 4 + s U 24 Digitization driving Coll

Note

1.App Installation represents the cumulative count of customers who have downloaded and registered “Mahila Mitra” app 2. Digital Collection share in the overall collection is the ratio of digital collection to the overall collection for the relevant Quarters. If a client completes their first-ever digital transaction, we classify them as having being digitaly acquired. 25 Performance & Annual Guidance Guidance FY 26 Particulars Actual Guidance Actual FY 25 FY 26 H1 FY 26 Remarks AUM -Growth 1.3% 5%-10% 3.3% (10% Q2 standalone) Growth expected to be back on FY 26. NIM 12.4% 12.4% - 12.7% 11.7% Operating Cost 6.2% 6.0% - 6.2% 6.9% Credit Cost 9.4% 4.0% - 6.0% 4.0% The NIM expected to improve as the COF is coming down and yield improve on rate revision. The Opex to improve on productivity increase and cost rationalisation. The collection cost will remain high. The Credit cost to be stabilise at similar level for rest of the year. RoA RoE -1.8% 0.5% - 2.0% 0.6% RoA is expected to improve f