CMS Info Systems Limited

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CMSINFO/SDDD/2511/005 November 5, 2025 To BSE Limited Listing Department, 1st Floor, PJ Towers, Dalal Street, Fort, Mumbai – 400 001 National Stock Exchange of India Limited Exchange Plaza, C-

₹500

rary delays in key banks’ ATM refresh cycle Business momentum remains robust • New order wins of ₹500 Cr in Q2, total wins in H1 at ₹1,000 Cr • Expanding Direct-to-Retail strategy from E-commerce to BF

₹1,000

sh cycle Business momentum remains robust • New order wins of ₹500 Cr in Q2, total wins in H1 at ₹1,000 Cr • Expanding Direct-to-Retail strategy from E-commerce to BFSI , added 5,000 new retail points in

₹100

• HAWKAI solution deployed at quick-commerce leader, expanding to 1,800+ dark stores • Converted ₹100 Cr FY26 project revenue into ₹225 Cr long-term recurring revenue Margins impacted due to increased

₹225

ick-commerce leader, expanding to 1,800+ dark stores • Converted ₹100 Cr FY26 project revenue into ₹225 Cr long-term recurring revenue Margins impacted due to increased provisioning and lower network uti

9%

critical baseline to furthe r scale up to 80K sites by FY30 • Target to grow services revenue by 9% in H2 over H1 to regain growth momentum to build a strong base for FY27 Margin recovery driven by

5%

ry driven by: • ATM deployments gaining traction: expected to be at ~75,000 by Mar’26 • Targeting 5% increase in ATM pricing • Tech investments in automation will help optimizing network costs: 10% r

10%

ng 5% increase in ATM pricing • Tech investments in automation will help optimizing network costs: 10% reduction in # of routes and transition of 25% retail points to Gig model Q2 FY26 financial summ

25%

ts in automation will help optimizing network costs: 10% reduction in # of routes and transition of 25% retail points to Gig model Q2 FY26 financial summary Revenue EBITDA PAT ₹ Crs 624 627 60

rs 624

ransition of 25% retail points to Gig model Q2 FY26 financial summary Revenue EBITDA PAT ₹ Crs 624 627 609 EBITDA EBITDA % PAT PAT % 156 159 25% 25.3% 139 22.8% 50% 100 45% 40% 35% 3

25.3%

summary Revenue EBITDA PAT ₹ Crs 624 627 609 EBITDA EBITDA % PAT PAT % 156 159 25% 25.3% 139 22.8% 50% 100 45% 40% 35% 30% 25% 20% 15% 10% 5% 0% 95 90 85 80 75 70 65

22.8%

venue EBITDA PAT ₹ Crs 624 627 609 EBITDA EBITDA % PAT PAT % 156 159 25% 25.3% 139 22.8% 50% 100 45% 40% 35% 30% 25% 20% 15% 10% 5% 0% 95 90 85 80 75 70 65 60 55 50

Revenue growth

1

Margin recovery driven by

1

Vision AI Points

1

CMS BFSI Market Share

1

No. of ATMs

1

Cash flow from operating activities

1

Revenue growth

• ATM Management Solutions business is expected to return to a growth trajectory in H2, and deliver double-digit growth in FY27 • SBI cash o/s RFP closed post extensive negotiations, at contracting & final approval stages, incremental ₹500 Cr revenue opportunity for next 7-10 years • HAWKAI Solution is scaling robustly, with a target to expand to 50K sites by FY26, establishing a critical baseline to furthe r scale up to 80K sites by FY30 • Target to grow services revenue by 9% in H2 over H1 to regain growth momentum to build a strong base for FY27

Margin recovery driven by

• ATM deployments gaining traction: expected to be at ~75,000 by Mar’26 • Targeting 5% increase in ATM pricing • Tech investments in automation will help optimizing network costs: 10% reduction in # of routes and transition of 25% retail points to Gig model Q2 FY26 financial summary Revenue EBITDA PAT ₹ Crs 624 627 609 EBITDA EBITDA % PAT PAT % 156 159 25% 25.3% 139 22.8% 50% 100 45% 40% 35% 30% 25% 20% 15% 10% 5% 0% 95 90 85 80 75 70 65 60 55 50 91 94 73 30.0% 25.0% 20.0% 15.0% 14.6% 14.9% 12.0% 10.0% 5.0% 0.0% 170 160 150 140 130 120 110 100 Q2-FY25 Q1-FY26 Q2-FY26 Q2-FY25 Q1-FY26 Q2-FY26 Q2-FY25 Q1-FY26 Q2-FY26 YoY -3% QoQ -3% YoY -11% QoQ -12% YoY -19% QoQ -22% Q2 FY26 segmental financials Revenue EBIT EBIT % ₹ Crs 264 390 258 417 271 395 Q2 FY 25 Q1 FY 26 Q2 FY 26 40 97 36 100 38 59 25.0% 23.9% 15.1% 14.1% 14.9% 14.0% Q2 FY 25 Q1 FY 26 Q2 FY 26 Q2 FY 25 Q1 FY 26 Q2 FY 26 BU Cash MS YoY 1% 3% QoQ -5% 5% BU Cash MS YoY -39% -5% QoQ -41% 4% Impact on EBIT% in Cash Logistics is due lo

No. of ATMs

68K to 100K ~ ₹240 Cr Growth in new bank accounts opened Annual Growth of 7-10% FY 25 FY 27 FY 30 Vision AI revenue contribution in this business to increase from 50% to 70% I A N O S V I I S V M O G L A t n e m y a P s d r a C FY 27 estimates & FY 30 revenue potential ATM Management Solutions Retail Solutions & Currency Logistics Technology & Payment Solutions Total Services Revenues FY 2025 Revenue (₹ Cr) FY 2027 Revenue (₹ Cr) FY 2030 Revenue (₹ Cr) ~1,300 ~640 ~1,575 - 1,650 ~725 - 750 ~240 ~400 ~2,180 ~2,700 – 2,800 ~2,200 - 2,250 ~1,050 - 1,100 ~500 - 600 ~3,750 – 3,950 11% CAGR 11% CAGR 20% CAGR 12% CAGR CMS 2030 summary Total services revenues ~ ₹4,500 - 4,750 Cr (Incl. inorganic) Aspiration AIM FOR ‘RULE OF 35’ (REVENUE GROWTH + EBITDA MARGIN > 35%) ~ ₹3,750 - 3,950 Cr Potential 53%* 47%* FY30 Retail & Tech Businesses ATM Management Solutions ~ ₹2,180 Cr 42% 58% FY25 *Including inorganic growth Strong market consolidation opportunity with pricing upside Maintain high margin qu

Cash flow from operating activities

Profit before tax Adjustments to reconcile profit before tax to net cash flow: Depreciation & amortisation on Property, plant and equipment & Intangible asset Depreciation on Right-of-use assets Unrealised foreign exchange (gain) / loss Lease rent concession Bad and doubtful debts and bad debts written off Debit balance written off ATM Cash shortage and claims provision (Profit) on disposal of property, plant and equipment (net) Sundry balances written back Impairment for doubtful claims receivables Bad debts written back Insurance claims receivables written off Net gain on lease modification Finance income Profit on sale of current investments Net change in fair value of current investments measured at FVTPL Employee stock option compensation cost Finance costs Operating profit before working capital changes Movement in working capital Increase / (Decrease) in trade payables and other liabilities Increase / (Decrease) in provisions (Increase) in inventories (Increase) in trade receiva