Asian Energy Services Limited

rs,

Date: 19th May, 2026 To, The Listing Department, BSE Limited, Floor 25, P. J. Towers, Dalal Street, Mumbai 400 001 To, The Listing Department, National Stock Exchange of India Limite

Rs 1.25

o look forward to completing merger with Oilmax in FY27. We are pleased to announce a dividend of Rs 1.25 per share as a reflection of our strong growth, subject to shareholders’ approval. ”

75 crore

er Tax have grown significantly over the past year. Our Q4FY26 standalone revenue was impacted (~75 crore) due to supply chain disruptions (West Asia conflict) and client-oriented delays in execution. We

Rs 92 crore

nted delays in execution. We continue to remain a net zero-debt company, and the recent receipt of Rs 92 crore from warrants conversion has further strengthened our balance sheet. We are well capitalized to pu

40%

. Looking ahead to FY27, we are confident of growing our standalone India services business by 30-40% with improved margins. For Kuiper, we remain optimistic of achieving revenue of USD 60-65 million

65 million

s by 30-40% with improved margins. For Kuiper, we remain optimistic of achieving revenue of USD 60-65 million in FY27 with improved margins, while also cautiously watching developments in West Asia. As the O

Rs 1,750 crore

& field development initiatives Order Book (as on 31st March 2026) on a standalone basis stood at ~Rs 1,750 crore (excluding Kuiper) provides revenue visibility for the coming years *The order book is excluding

70.1%

C V R E S Y G R E N E N A S A I Performance Highlights Consolidated – Q4 & FY26 Revenue 791.1 70.1% 465.0 EBITDA 98.9 72.4 36.6% 338.2 57.0% 215.4 49.4 33.7 46.6% PAT * 60.6 42.2 43.6%

36.6%

Performance Highlights Consolidated – Q4 & FY26 Revenue 791.1 70.1% 465.0 EBITDA 98.9 72.4 36.6% 338.2 57.0% 215.4 49.4 33.7 46.6% PAT * 60.6 42.2 43.6% Rs in Crore 34.6 53.8% 22.5

57.0%

ighlights Consolidated – Q4 & FY26 Revenue 791.1 70.1% 465.0 EBITDA 98.9 72.4 36.6% 338.2 57.0% 215.4 49.4 33.7 46.6% PAT * 60.6 42.2 43.6% Rs in Crore 34.6 53.8% 22.5 FY25 FY26 Q4

46.6%

4 & FY26 Revenue 791.1 70.1% 465.0 EBITDA 98.9 72.4 36.6% 338.2 57.0% 215.4 49.4 33.7 46.6% PAT * 60.6 42.2 43.6% Rs in Crore 34.6 53.8% 22.5 FY25 FY26 Q4FY25 Q4FY26 FY25 FY26

43.6%

70.1% 465.0 EBITDA 98.9 72.4 36.6% 338.2 57.0% 215.4 49.4 33.7 46.6% PAT * 60.6 42.2 43.6% Rs in Crore 34.6 53.8% 22.5 FY25 FY26 Q4FY25 Q4FY26 FY25 FY26 Q4FY25 Q4FY26 FY25 FY26

“• Revenue and EBITDA to pick up in FY27 with execution of MCL Lakhanpur CHP project • Rising opportunities in long- term O&M and mineral handling contracts Consolidated Profit & Loss Statement - Q4 & FY26 Particulars (Rs.”

“Integrated Offering: Asian Energy strengths across the value chain will enable project execution at speed while maintaining an optimized cost structure, creating significant value for assets and for Asian Energy.”

“Financial Impact Expected to make a meaningful contribution to annual revenue and EBITDA, with a significant uplift anticipated from FY27 onwards as production scales up.”

“Strong Revenue Visibility Order book, ongoing contracts and master service agreement with clients provide revenue visibility of approximately US$ 60- 65 mln per annum, ensuring medium-term growth momentum.”

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Future Growth Drivers

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Services

• Revenue and EBITDA to pick up in FY27 with execution of MCL Lakhanpur CHP project • Rising opportunities in long- term O&M and mineral handling contracts Consolidated Profit & Loss Statement - Q4 & FY26 Particulars (Rs. Crore) Q4FY26 Q4FY25 Y-o-Y Q3FY26 Q-o-Q FY26 FY25 Y-o-Y Revenue from Operations Project Related Expenses Employee Expenses Other Expenses Share of Profit/Loss from JV EBITDA EBITDA Margin (%) Other Income Depreciation Finance Cost Adjusted Profit Before Tax Exceptional Item Profit before Tax PBT Margin (%) Tax Profit After Tax PAT Margin (%) Adjusted PAT EPS 338.2 265.1 13.6 11.8 1.7 49.4 57.0% 215.4 177.0 2.6 4.4 2.2 33.7 46.6% 14.6% 15.6% 1.6 5.1 3.4 42.5 -2.8 39.7 1.7 4.7 1.6 29.1 0.0 29.1 11.7% 13.5% 7.1 32.6 9.6% 34.6 7.14 6.6 22.5 10.5% 22.5 5.04 46.0% 36.4% 44.8% 53.8% 235.4 183.0 14.8 9.6 0.3 28.3 12.0% 4.1 4.3 4.1 24.0 0.0 24 10.2% 6.4 17.5 7.5% 17.5 3.92 30.4% 42.7% 43.5% 39.5% 46.4% 49.4% 791.1 622.2 42.3 31.3 3.5 98.9 465.0 368.7 12.1 18.0 6.2 72.4 12.5% 1

Future Growth Drivers

• • Strong Order Book and Inflow Kuiper Consolidation and Expansion • Oilmax Merger and Assets Expanded services offering 305 Cr 110 Cr ✓ Secured CHP Projects and O&M Contracts FY2023 FY2024 FY2025 FY2026 ) L S E A ( I D T L S E C V R E S Y G R E N E N A S A I I N O T A T N E S E R P R O T S E V N I 14 Industry Overview 15 A SIA N EN ER GY SER VIC ES L IMIT ED ( A ESL ) ) L S E A ( I D T L S E C V R E S Y G R E N E N A S A I Current Industry Landscape: Oil & Gas And Minerals Oil & Gas Industry Rs 30,443 crore allocated to Ministry of Petroleum & Natural Gas (2026–27 budget) India's crude oil demand to rise from 5.4 mn BPD (2023) to 6.7 mn BPD by FY30* Government's initiative like HELP* framework supporting investment in Hydrocarbon sector Additional field bidding rounds by Central Govt. under OALP & DSF encouraging activities Mineral Industry India targets 1.31 bn tonnes of coal production in FY26–27, reducing import dependence amid rising energy needs Rising mechanisation and outsourc

Investor Relation Advisors

Adfactors PR Private Limited Mr. Parth Chauhan Parth.chauhan@adfactorspr.com +91 9082323003 www.adfactorspr.com 49