Adani Enterprises Limited

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4th November , 2025 BSE Limited P J Towers, Dalal Street, Mumbai – 400001. National Stock Exchange of India Limited Exchange plaza, Bandra-

Rs. 7,688

nnexure A Media Release Adani Enterprises Ltd announces H1 FY26 results Consolidated EBITDA at Rs. 7,688 cr Consolidated PBT at Rs. 2,281 cr AEL Board approves Rights Issue of Rs.25,000 cr Consolidat

Rs. 2,281

erprises Ltd announces H1 FY26 results Consolidated EBITDA at Rs. 7,688 cr Consolidated PBT at Rs. 2,281 cr AEL Board approves Rights Issue of Rs.25,000 cr Consolidated financial highlights H1 FY26 (Yo

Rs.25,000

ated EBITDA at Rs. 7,688 cr Consolidated PBT at Rs. 2,281 cr AEL Board approves Rights Issue of Rs.25,000 cr Consolidated financial highlights H1 FY26 (YoY) Editor’s Synopsis • Revenue at Rs. 44,281 c

Rs. 44,281

f Rs.25,000 cr Consolidated financial highlights H1 FY26 (YoY) Editor’s Synopsis • Revenue at Rs. 44,281 cr • EBITDA at Rs. 7,688 cr • PBT at Rs. 2,281 cr excluding exceptional gain of Rs. Rs. 3,583 cr

Rs. 3,583

at Rs. 44,281 cr • EBITDA at Rs. 7,688 cr • PBT at Rs. 2,281 cr excluding exceptional gain of Rs. Rs. 3,583 cr • AAHL Airports EBITDA increased by 51% YoY to Rs. 2,157 cr; with Airports business now tracki

51%

at Rs. 2,281 cr excluding exceptional gain of Rs. Rs. 3,583 cr • AAHL Airports EBITDA increased by 51% YoY to Rs. 2,157 cr; with Airports business now tracking at quarterly run-rate of Rs. 1,000+ cror

Rs. 2,157

1 cr excluding exceptional gain of Rs. Rs. 3,583 cr • AAHL Airports EBITDA increased by 51% YoY to Rs. 2,157 cr; with Airports business now tracking at quarterly run-rate of Rs. 1,000+ crore Investment hig

Rs. 1,000

ncreased by 51% YoY to Rs. 2,157 cr; with Airports business now tracking at quarterly run-rate of Rs. 1,000+ crore Investment highlights Asset Completed • Greenfield Navi Mumbai International Airport in

Rs. 19,982

LoA for three projects in Roads and two projects in Water business with cumulative order book of Rs. 19,982 cr • AdaniConnex partners with Google to develop India’s largest AI Data Center campus in Visakh

Rs. 5,470 crore

ure of national importance. The emerging core infra businesses have recorded half-yearly EBITDA of Rs. 5,470 crore with an increase of 5% on year-on-year basis and now contributes 71% to total EBITDA. Adani Ente

5%

ging core infra businesses have recorded half-yearly EBITDA of Rs. 5,470 crore with an increase of 5% on year-on-year basis and now contributes 71% to total EBITDA. Adani Enterprises Ltd (CIN No : L

“in crore) Particulars Total Income EBITDA Exceptional Gain Profit Before Tax Profit After Tax1 Q2 FY25 Q2 FY26 23,196 4,354 - 2,409 1,742 21,844 3,902 3,583 4,398 3,199 % change Y-o-Y (6%) (10%) - 83% 84% H1 FY25 49,263 8,654 - 4,644 3,196 H1 FY26 44,281 7,688 3,583 5,864 3,933 % change Y-o-Y (10%) (11%) - 26% 23% Note: 1.”

“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

4

For more information please contact

1

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 “With disciplined execution and strategic diversification, Adani Enterprises Ltd continues to strengthen its position as India’s leading incubator of transformative infrastructure and energy businesses,” said Mr Gautam Adani, Chairman of the Adani Group. “The inauguration of the Navi Mumbai International Airport marks a defining moment in India’s infrastructure story and reinforces AEL’s role as a national growth catalyst. Our strong performance across airports, data centers and roads underscore the momentum of our core infrastructure portfolio. With partnerships such as the one with Google for India’s largest AI data center and rapid progress in our green energy ecosystem, AEL is accelerating India’s transition toward a sustainable, technology-driven future. We remain committed

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 Business Updates Adani New Industries (ANIL - Green Hydrogen Ecosystem) • Module sales continue to track to 1 GW per quarter, domestic sale increased by 43% during H1 FY26 on YoY basis • Construction for additional 6 GW cell and module lines progressing as per schedule • ANIL Wind division honored with “Gold Award” at Apex India Safety Award 2025 AdaniConnex Pvt Ltd (ACX - Data Center) • Partners with Google to develop India’s largest AI Data Center campus in Visakhapatnam, Andhra Pradesh • Hyderabad data center phase II MEP works ~96% completed • Pune data center phase I & II works crosses ~90% MEP: Mechanical, Electrical & Plumbing Adani Water Ltd (AWL - Water) • Letter of Award received for two new projects; o Build and manage Brahmani Barrage across Brahmani River o Build and

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 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 make India self-reliant with our robust businesses. This has also led to significant returns to our shareholders for three decades. The next generation of its strategic business investments are centered around green hydrogen ecosystem, airport management, data c

For more information please contact

Mitul Thakkar Adani Group Corporate Communications Tel: +91-79-25550539 Manan Vakharia Adani Enterprises Ltd Investor Relations Tel: +91-79-25556140 mitul.thakkar@adani.com mananj.vakharia@adani.com Adani Enterprises Ltd (CIN No : L51100GJ1993PLC019067)

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 Q2 FY26 Adani Enterprises Limited (“AEL”): Consolidated Financial Highlights H1-26 ₹ crore Results at glance Total Income EBITDA PBT 49,263 17,287 44,281 17,172 31,976 27,109 H1-25 H1-26 Established Businesses Incubating Businesses (core infra) 8,654 5,233 3,421 H1-25 7,688 5,470 5% 2,218 H1-26 4,644 2,878 1,766 # 2,281 2,630 (349) H1-25 H1-26 # Excluding exceptional pre-tax gain of Rs. 3,583 cr ➢ EBITDA impacted primarily on account of decrease in trade volume and price volatility in IRM and Commercial Mining ➢ Incubating businesses EBITDA continues growth momentum led by Airports ➢ Large Infra assets comprising Navi Mumbai Airport, Copper Plant and Ganga Expressway to unlock EBITDA from Q4 FY26 Incubating Business – [En