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KFin Technologies Limited Investor Presentation Q2 & H1 FY26 (for the quarter and period ended September 30, 2025) KFINT~CJ:i - EXPERIENCE TR
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2 KFin Technologies Limited, Investor Presentation Q2 FY26 Safe Harbour Statement This presentation may contain certain forward-looking statements concerning the Company’s future business prospects and business profitability, which are subject to a number of risks and uncertainties and the actual results could materially differ from those in such forward-looking statements. The risks and uncertainties relating to these statements include, but are not limited to, risks and uncertainties regarding fluctuations in earnings, our ability to manage growth, competition, economic growth in our markets, ability to attract and retain highly skilled professionals, our ability to manage our operations, government policies and actions, interest and other fiscal costs generally prevailing in the economy. The Company does not undertake to make any announcement in case any of these forward-looking statements become materially incorrect in future or update any forward-looking statements made from time to time by or on behalf of the Company.
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3 KFin Technologies Limited, Investor Presentation Q2 FY26 Chief Financial Officer Vivek Narayan Mathur Managing Director and Chief Executive Officer Venkata Satya Naga Sreekanth Nadella Chief Financial Officer - International Business, Head Investor Relations and M&A Amit Murarka Today’s Presenters
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1. Company Overview 2. Key Highlights 3. Industry Highlights 4. Business Highlights 5. Financial Highlights 6. Team & Shareholding KFINTECH EXPERIENCE TRANSFORMATION
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5 KFin Technologies Limited, Investor Presentation Q2 FY26 KFintech: At a Glance Scaled platform with integrated FA and RTA capabilities - Strong track record of growth and leadership Won 214 out of 345 Last new AMCs launched in India 33.0% Equity MF AAUM m. share, up from 28.8% in FY20 Largest Investor Solution provider to Indian MFs1 Investor Solutions – Domestic Mutual Funds 292 out of 542 AMCs in India; ₹25.0 tn AAUM3 serviced 38.0% Monthly SIP inflows m. share International & Other Investor Solutions 93 Clients7 including 17 new clients yet to go live 1 of 3 Operational CRAs (NPS) With 1.8 mn subscribers and 4,360 corporate clients 644 AIF funds8 (38.6% m. share) Issuer Solutions 164 million Investor folios being managed 9,464 Corporate clients 49.6% Market share6 181 million Total investor folios Note: Metrics as of September 30, 2025, unless stated otherwise; mm represent million; tn represent trillion; (1) based on number of AMC serviced; (2) 5 out of 29 are yet to start operations and 7 out of 54 are yet to start operations; (3) AAUM represents last quarter average; (4) includes 5 AMCs which are yet to start operations; (5) includes 7 AMCs which are yet to start operations; (6) based on market capitalization of NSE 500 companies; (7) 30 clients in Malaysia, 4 clients in Philippines, 1 client in Hong Kong, Thailand, Singapore, Middle East and Canada each and 37 clients in Gift city. Additionally, 9 clients in Malaysia, 2 clients in Singapore, 1 client in Philippines and 5 clients in Gift city yet to go live; (8) Includes stamp duty and ISIN clients; market share based on total AIFs registered with SEBI; (9) in last 5 years ended September 30, 2025; (10) Assessed by CRISIL Ratings for the year ended March 31, 2025 359 New products launched 2.4 mm Average daily transactions 1,250+ IT engineers ESG Score10 – 63 810 BitSight Security Score
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1. Company Overview 2. Key Highlights 3. Industry Highlights 4. Business Highlights 5. Financial Highlights 6. Team & Shareholding KFINTECH EXPERIENCE TRANSFORMATION
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7 KFin Technologies Limited, Investor Presentation Q2 FY26 Key Highlights (1) Last quarter average; (2) Ranking as per last quarterly AAUM of AMCs with at least ₹10,000cr AAUM; (3)based on market capitalization as on September 30, 2025; (4) 30 clients in Malaysia, 4 clients in Philippines, 1 client in Hong Kong, Thailand, Singapore, Middle East and Canada each and 37 clients in Gift city. Additionally, 9 clients in Malaysia, 2 clients in Singapore, 1 client in Philippines and 5 clients in Gift city yet to go live; (5) Includes stamp duty and ISIN clients; market share based on total AIFs registered with SEBI; (6) End of period Robust Performance Amidst Volatile Market and Global Uncertainty; Strategic Acquisition of 51% Stake in Ascent Fund Services to Accelerate Global Expansion Q2FY26: Revenue growth at 10% y-o-y; EBITDA growth at 7% y-o-y and margins at 43.9%; PAT growth at 5% y-o-y and margins at 30.2% H1FY26: Revenue growth at 13% y-o-y; EBITDA growth at 10% y-o-y and margins at 42.8%; PAT growth at 8% y-o-y and margins at 29.2% International and other investor solutions (excl. GBS) revenue grew by 26% y-o-y; Value added services (VAS) revenue grew by 29% y-o-y Share of non-domestic mutual fund revenue in overall revenue at 28% in H1FY26 ▪ Overall AAUM1 continues to grow faster; KFintech’s AAUM growth at 16.8% y-o-y vs. 16.5% growth for industry ▪ Overall AAUM market share at 32.5%; Equity AAUM market share at 33.0% ▪ Won a new RTA mandate from Lakshya Asset Management ▪ Won SIF mandates from three existing AMC clients ▪ Won a data lake contract from an existing AMC client ▪ 4 out of top 5 AMCs with fastest % growth in AAUM2 Domestic Mutual Fund investor solutions AIF & Wealth investor solutions ▪ No of funds5: 644, market share5 - 38.6% ▪ AAUM7: ₹ 1.8 trillion, grew 37.4% y-o-y ▪ Won 52 new AIF funds including from EAAA India, SageOne, ValueQuest Investment, Monarch Networth, Jain Investments, and VVD asset Managers ▪ Won order management platform deals from two AMCs, a deal for revenue assurance platform from a large private bank-based distributor, a deal from an existing life insurance client for mPower IFRS module National Pension Scheme ▪ KFintech’s subscriber base grew by 30.2% y-o-y vs 12.5% y-o-y growth for the industry during Q2FY26 ▪ Added 1,18,682 subscribers during Q2FY26; Overall subscribers’ base: 1.79 million6 ▪ Market share in overall subscribers’ base at 10.3% during Q2FY26, vs. 8.9% during Q2FY25 ▪ Added 540 corporate clients during Q2FY26; Overall corporate clients’ base: 4,3606 ▪ Number of clients4 increased to 93 ▪ Won the first fully managed fund administration service deal from a non-AMC client in Malaysia ▪ Won two new fully managed service contracts in Malaysia - one for fund administration and one for transfer agency ▪ Won a fund administration platform deal from a life insurance client for GIFT City operations ▪ Onboarded eight new AIF clients in GIFT city International investor solutions Issuer solutions ▪ Added 597 corporate clients during Q2FY26 taking total clients’ base to 9,464 ▪ Market share3 in NSE 500 companies at 49.6% ▪ Appointed as an RTA for Bharat Petroleum Corporation Limited ▪ New IPO mandates won during the quarter include Bharat Coking Coal, Central Mine Planning & Design Institute, Yashoda Hospitals, Turtlemint Fintech Solutions, Squareyards Technology, Juniper Green Energy and Purple Style Labs ▪ Main Board IPOs managed by KFintech in H1FY26: 33.7% market share in terms of issue size and 35.8% market share in terms of number of IPOs A. --. ~ ----------------------------------------------------------------------------------------------------------------------. ,,,
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1. Company Overview 2. Key Highlights 3. Industry Highlights 4. Business Highlights 5. Financial Highlights 6. Team & Shareholding KFINTECH EXPERIENCE TRANSFORMATION
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9 KFin Technologies Limited, Investor Presentation Q2 FY26 KFintech, with its multi-asset servicing platform, is well positioned to benefit from strong growth across large markets in India Mutual Fund2Other Asset Classes Overall AAUM1 (₹ trillion) (1) Last quarter average; (2) Source: AMFI; (3) Source: SEBI; (4) Source: NPS Trust Equity AAUM 1 (₹ trillion) Monthly SIP inflows (₹ billion) Folios (in million) No of AIFs registered (cumulative) with SEBI3 +19.1% y-o-y +4.4% q-o-q +18.3% y-o-y +4.0% q-o-q No of pension subscribers4 (in million) +12.5% y-o-y +2.5% q-o-q +15.6% y-o-y +7.8% q-o-q India Performance +16.5% y-o-y +6.9% q-o-q No of demat accounts 3 (in million) 38.4 40.5 54.1 67.4 77.2 FY22 FY23 FY24 FY25 H1FY26 18.4 20.3 30.1 38.3 44.4 FY22 FY23 FY24 FY25 H1FY26 129.8 293.6 Sep-22 Dec-22 Mar-23 Jun-23 Sep-23 Dec-23 Mar-24 Jun-24 Sep-24 Dec-24 Mar-25 Jun-25 Sep-25 138 252 93 175 58 97 Sep-22 Dec-22 Mar-23 Jun-23 Sep-23 Dec-23 Mar-24 Jun-24 Sep-24 Dec-24 Mar-25 Jun-25 Sep-25 Total Equity SIP 885 1,100 1,302 1,545 1,670 FY22 FY23 FY24 FY25 H1FY26 90 114 151 192 207 FY22 FY23 FY24 FY25 H1FY26 11.6 13.1 14.7 16.5 17.4 FY22 FY23 FY24 FY25 H1FY26
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1. Company Overview 2. Key Highlights 3. Industry Highlights 4. Business Highlights 5. Financial Highlights 6. Team & Shareholding KFINTECH EXPERIENCE TRANSFORMATION
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11 KFin Technologies Limited, Investor Presentation Q2 FY26 Overall AAUM 1 & market share2 (₹ trillion) AAUM1 Growth AAUM1 Market Share2 KFintech Industry Q2FY25 Q1FY26 Q2FY26 16.8% (y-o-y) 16.5% (y-o-y) 32.4% 32.5% 32.5% 6.8% (q-o-q) 6.9% (q-o-q) 14.1% (y-o-y) 15.6% (y-o-y) 33.4% 33.0% 33.0% 7.7% (q-o-q) 7.8% (q-o-q) Equity Mix in Overall AAUM1 59.9% 58.0% 58.5% Equity AAUM 1 & market share2 (₹ trillion) SIPs Net flows Transaction Volume Q2FY26 inflows: ₹ 330.9 billion 19.0% (y-o-y) / 6.2% (q-o-q) 38.0% market share in Sep’25 Live folios: 36.7 million3 13.8% (y-o-y) vs. 1.5% (Industry) 3.7% (q-o-q) vs. 5.8% (Industry) Continues to be positive in Q2FY26 KFin garnered 31.0% of industry net flows NFO Market Share No of NFOs – 47.6% Fund mobilization – 20.2% Q2FY25: 144.7 million 15.6% (y-o-y) / 7.2% (q-o-q) MFCentral CAS4 API 16.25 million hits in Q2FY26 (19.5% q-o-q) 248 clients onboarded as on September’25; 20 clients onboarded in Q2FY26 (1) Last quarter average; (2) For the period; (3) As on Sep 30, 2025; (4) Consolidated account statement; (5) Ranking as per last quarterly AAUM of AMCs with at least ₹10,000cr AAUM Domestic Mutual Fund investor solutions: Focus on mid-size, equity-oriented AMCs, providing significant sustainable advantage • 4 out of top 5 AMCs with fastest % growth in AAUM5 • Won a new RTA mandate from Lakshya Asset Management • Won SIF mandates from three existing AMC clients • Won a data lake contract from an existing AMC client 12.0 12.8 17.4 21.2 25.0 30.3% 31.5% 31.7% 32.4% 32.5% 0.0 % 5.0 % 10. 0% 15. 0% 20. 0% 25. 0% 30. 0% 35. 0% 0.0 5.0 10. 0 15. 0 20. 0 25. 0 30. 0 FY22 FY23 FY24 FY25 H1FY26 6.4 7.0 10.0 12.5 14.6 34.7% 34.9% 33.8% 33.3% 33.0% 0.0 % 5.0 % 10. 0% 15. 0% 20. 0% 25. 0% 30. 0% 35. 0% 40. 0% 0.0 2.0 4.0 6.0 8.0 10. 0 12. 0 14. 0 16. 0 FY22 FY23 FY24 FY25 H1FY26 --------------- ..... ,, ... I ' I \ I I I 8 I ... I 8 8 I I @,a I I I I ... I I I I I I I I I I I I I I I I I I I ... I I I I I I I ... I I I \ ' ,, , ________________ .,, ... ... ... ... ,--------, I \ I I I I I I I I I I I I I I ------------------- I : I I \ I 1
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12 KFin Technologies Limited, Investor Presentation Q2 FY26 KFintech’s market share in NSE 500 companies By September 30, 2024 June 30, 2025 September 30, 2025 No of clients2 37.4% 38.2% 37.7% No of folios2 43.1% 42.2% 41.9% Market capitalization2 48.2% 50.8% 49.6% Issuer solutions - Maintaining the leadership position ▪ 597 clients added during Q2 ▪ Appointed as an RTA for Bharat Petroleum Corporation Limited ▪ New IPO mandates won during the quarter include Bharat Coking Coal, Central Mine Planning & Design Institute, Yashoda Hospitals, Turtlemint Fintech Solutions, Squareyards Technology, Juniper Green Energy and Purple Style Labs ▪ Main Board IPOs managed by Kfintech in H1FY26: 33.7% market share in terms of issue size and 35.8% market share in terms of number of IPOs (1) End of period; (2) Based on the movement of clients in the NSE500 category +41.7% y-o-y +6.7% q-o-q +10.4% y-o-y +0.3% q-o-q No of investor folios1 (in million) No of corporate clients1 4,770 5,363 6,071 7,987 9,464 FY22 FY23 FY24 FY25 H1FY26 103 110 124 164 164 FY22 FY23 FY24 FY25 H1FY26 .,..---------------,, ' ................................................................................................................................................................................................................................................................................................................................................................................................................. , .................... , I \ I I • • . -------------- . • • ........................................................................................................................................................................................................................................................................................................................................................................................................................................ , • • • • • • ················································································································································································································································································································································-,.···································································-r················, • • • • .................................................................................................................................................................................................................................................................................................................................................•.................................................................... ,. ................ , • • I / \ I ' ,, , _______________ ,
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13 KFin Technologies Limited, Investor Presentation Q2 FY26 (1) Metric as on September 30, 2025; 30 clients in Malaysia, 4 clients in Philippines, 1 client in Hong Kong, Thailand, Singapore, Middle East and Canada each and 37 clients in Gift city. Additionally, 9 clients in Malaysia, 2 clients in Singapore, 1 client in Philippines and 5 clients in Gift city yet to go live; (2) represents end of period AAUM and transactions of clients in the Southeast Asia excluding the fund administration platform sale deals International investor solutions: Expanding global footprints • X new clients added during the quarter • AUM serviced during H1FY23 stood at ₹524 billion • Clients by location: Hongkong - x, Singapore - x, Malaysia – x, Philippines – x, Vietnam - x • Number of clients added during the quarter • Clients by location: Domestic – International - Growing global footprint Overall AAUM2 (₹ billion) +30.1% y-o-y +8.1% q-o-q Transaction volume2 (in million) -24.5% y-o-y +11.9% q-o-q No of clients1 Solutions No of Contracts RTA 74 Fund Administration 53 Malaysia (39) Philippines (5) Singapore (3) Hong Kong (1) India Gift City (42) Thailand (1) Middle East (1) Canada (1) 66 93 H1FY25 H1FY26 718 864 934 Q2FY25 Q1FY26 Q2FY26 1.22 0.82 0.92 Q2FY25 Q1FY26 Q2FY26 ▪ Number of clients1 increased to 93 ▪ Won the first fully managed fund administration service deal from a non-AMC client in Malaysia ▪ Won two new fully managed service contracts in Malaysia - one for fund administration and one for transfer agency ▪ Won a fund administration platform deal from a life insurance client for GIFT City operations ▪ Onboarded eight new clients in GIFT City
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14 KFin Technologies Limited, Investor Presentation Q2 FY26 Other investor solutions: Younger & faster growing businesses (1) End of period; Includes stamp duty and ISIN clients; (2) Based on total AIF registered with SEBI; (3) On overall subscribers’ base AAUM1 (₹ billion) +37.4% y-o-y +11.8% q-o-q No of Clients1 Fund Administration Platform ▪ Total no of funds1 at 644, market share2 at 38.6% ▪ Won 52 new AIF funds including from EAAA India, SageOne, ValueQuest Investment, Monarch Networth, Jain Investments, and VVD asset Managers ▪ Won order management platform deals from two AMCs, a deal for revenue assurance platform from a large private bank-based distributor, a deal from an existing life insurance client for mPower IFRS module ▪ Won a fund administration platform deal from a life insurance client for GIFT city operations ▪ 8 AMCs and 6 of 10 pension fund managers in India using mPower platform including 5 AMCs where KFin is not the RTA No of Subscribers1 & market share3 (in million) National Pension Scheme +30.2% y-o-y +7.1% q-o-q ▪ KFintech’s subscriber base grew by 30.2% Y-o-Y vs 12.5% Y-o-Y growth for the industry ▪ Added 1,18,682 subscribers during Q2 ▪ Added 540 corporate clients during Q2; Overall corporate clients’ base: 4,360 Market share on new subscriber addition in Q2FY26 at 27.9% No of Funds serviced by KFintech1 +22.4% y-o-y +8.8% q-o-q Alternates & Wealth 0.75 0.96 1.22 1.62 1.79 6.5% 7.3% 8.3% 9.8% 10.3% 0.0 % 2.0 % 4.0 % 6.0 % 8.0 % 10. 0% 12. 0% FY22 FY23 FY24 FY25 H1FY26 268 411 472 569 644 FY22 FY23 FY24 FY25 H1FY26 505 615 987 1,453 1,799 FY22 FY23 FY24 FY25 H1FY26 24 24 24 25 25 12 12 12 12 13 Q2FY25 Q3FY25 Q4FY25 Q1FY26 Q2FY26 India Overseas■ ■
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1. Company Overview 2. Key Highlights 3. Industry Highlights 4. Business Highlights 5. Financial Highlights 6. Team & Shareholding KFINTECH EXPERIENCE TRANSFORMATION
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16 KFin Technologies Limited, Investor Presentation Q2 FY26 Financial Performance All figures are in ₹ million *Revenue from operations (excl. GBS) grew by 12.6% y-o-y in Q2FY26 and 15.7% in H1FY26; **EBITDA for Q2FY26 & H1FY26 includes one time impact of professional fee related to M&A advisory of ₹ 15.0 mn and ₹ 30.0 mn; ***As on end of period; ****EPS for the quarter is not annualised Particulars Q2FY26 % Change H1FY26 % Change Revenue from Operations* 3,092.3 10.3% y-o-y 12.8% q-o-q 5,832.9 12.6% y-o-y EBITDA** 1,357.1 7.2% y-o-y 19.2% q-o-q 2,495.7 10.3% y-o-y EBITDA Margin (%) 43.9% 123 bps y-o-y 234 bps q-o-q 42.8% 88 bps y-o-y PAT 933.1 4.5% y-o-y 20.8% q-o-q 1,705.7 8.4% y-o-y PAT Margin (%) 30.2% 167 bps y-o-y 199 bps q-o-q 29.2% 114 bps y-o-y Cash & Cash Equivalents*** 6,908.2 63.0% y-o-y Diluted EPS**** 5.38 4.1% y-o-y 20.7% q-o-q 9.83 7.9% y-o-y • • • • • • • • • • • • • • • • • •
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17 KFin Technologies Limited, Investor Presentation Q2 FY26 Quarterly Financial Trend Revenue from Operations EBITDA & Margin PAT & Margin 10.3% Y-o-Y All figures are in ₹ million 7.2% Y-o-Y 4.5% Y-o-Y 2,805 2,900 2,827 2,741 3,092 Q2FY25 Q3FY25 Q4FY25 Q1FY26 Q2FY26 1,265 1,306 1,223 1,139 1,357 45.12% 45.01% 43.25% 41.5% 43.9% 20. 00% 25. 00% 30. 00% 35. 00% 40. 00% 45. 00% 50. 00% 55. 00% Q2FY25 Q3FY25 Q4FY25 Q1FY26 Q2FY26 893 902 851 773 933 31.8% 31.1% 30.1% 28.2% 30.2% 10. 0% 15. 0% 20. 0% 25. 0% 30. 0% 35. 0% 40. 0% Q2FY25 Q3FY25 Q4FY25 Q1FY26 Q2FY26\ \ \ ' ' ' ... ,, ------------------------------; I ; I I I \ I \ I \ I \ I \ I ' ; '... ,, ~------------------------------; \ I \ I \ I ' ; ',~------------------------------;~
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18 KFin Technologies Limited, Investor Presentation Q2 FY26 Yearly Financial Trend All figures are in ₹ million Revenue from Operations EBITDA & Margin PAT & Margin 12.6% Y-o-Y 10.3% Y-o-Y 8.4% Y-o-Y 7,200 8,375 10,908 5,180 5,833 FY23 FY24 FY25 H1FY25 H1FY26 2,980 3,666 4,790 2,262 2,496 41.4% 43.8% 43.9% 43.7% 42.8% 15. 0% 20. 0% 25. 0% 30. 0% 35. 0% 40. 0% 45. 0% 50. 0% 55. 0% 60. 0% FY23 FY24 FY25 H1FY25 H1FY26 1,957 2,460 3,326 1,574 1,706 27.2% 29.4% 30.5% 30.4% 29.2% 15. 0% 17. 0% 19. 0% 21. 0% 23. 0% 25. 0% 27. 0% 29. 0% 31. 0% 33. 0% 35. 0% FY23 FY24 FY25 H1FY25 H1FY26 ~ ~ r·-·-·-·-·-·-·-·- 0--- =o \ I \ !,_·-·-·-·-·-·-·-·- I \ I \ I ' I ' ; '-------------------------------~ \ I \ -·-·-·-·-·-·-·- I \ I \ I ' ; ' ; , _______________________________ .,,,. ; ; .,,,.-- -- I I I I \ \ I \ \ ' ' .. ______________________________ .,,,. ' ' \ \ \ \ I I I I I ; ;
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19 KFin Technologies Limited, Investor Presentation Q2 FY26 Consolidated Financial Summary All figures in ₹ million *Revenue from operations (excl. GBS) grew by 12.6% y-o-y in Q2FY26 and 15.7% in H1FY26; International & Other Investor Solutions (excl. GBS) revenue grew by 26.1% y-o-y in Q2FY26 and 27.5% in H1FY26. GBS revenue: Q2FY26 – 23.7; Q1FY26 – 14.5; Q2FY25 – 79.7; H1FY26 – 38.2; H1FY25 – 172.2; Value-added-service (VAS) revenue (as % of overall revenue): Q2FY26 –9.3%; Q1FY26 – 7.0%; Q2FY25 – 7.9%; H1FY26 – 8.2%; H1FY25 – 6.7%; FY25 – 7.1% **ESOP expenses: Q2FY26 –25.0; Q1FY26 – 24.9; Q2FY25 – 35.9; H1FY26 – 50.0; H1FY25 – 67.0; FY25 – 139.3 ***EBITDA for Q2FY26 & H1FY26 includes one time impact of professional fee related to M&A advisory of ₹ 15.0 mn and ₹ 30.0 mn Particulars Q2FY26 Q1FY26 Q-o-Q Q2FY25 Y-o-Y H1FY26 H1FY25 Y-o-Y FY25 Revenue Domestic Mutual Fund Investor Solutions 2,164.2 2,013.9 7.5% 1,963.3 10.2% 4,178.1 3,681.1 13.5% 7,704.0 Issuer Solutions 416.9 305.1 36.6% 367.4 13.5% 722.0 610.6 18.2% 1,404.0 International & Other Investor Solutions 429.7 366.0 17.4% 401.2 7.1% 795.7 765.6 3.9% 1,555.1 Net Sale of Services 3,010.7 2,685.0 12.1% 2,732.0 10.2% 5,695.7 5,057.3 12.6% 10,663.1 Other Operating Revenue 81.6 55.6 46.7% 72.7 12.2% 137.2 123.0 11.5% 244.4 Revenue from operations* 3,092.3 2,740.6 12.8% 2,804.7 10.3% 5,832.9 5,180.4 12.6% 10,907.5 Employee benefits expense** 1,139.9 1,117.2 2.0% 1,017.5 12.0% 2,257.1 1,975.9 14.2% 4,032.9 Other expenses 595.4 484.8 22.8% 521.9 14.1% 1,080.2 942.5 14.6% 2,084.6 Operating expenses 1,735.3 1,602.0 8.3% 1,539.4 12.7% 3,337.3 2,918.4 14.4% 6,117.5 EBITDA*** 1,357.1 1,138.6 19.2% 1,265.4 7.2% 2,495.7 2,262.0 10.3% 4,790.0 Margin 43.9% 41.5% 45.1% 42.8% 43.7% 43.9% Profit before tax (post share of associate) 1,269.4 1,049.1 21.0% 1,194.7 6.3% 2,318.5 2,112.7 9.7% 4,475.9 Margin 41.1% 38.3% 42.6% 39.7% 40.8% 41.0% Tax expense 336.3 276.5 21.6% 301.5 11.6% 612.8 538.8 13.7% 1,149.7 Net Profit after tax 933.1 772.6 20.8% 893.2 4.5% 1,705.7 1,573.9 8.4% 3,326.3 Margin 30.2% 28.2% 31.8% 29.2% 30.4% 30.5% Diluted Earnings Per Share (EPS in ₹) 5.38 4.45 20.7% 5.16 4.1% 9.83 9.11 7.9% 19.27
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1. Company Overview 2. Key Highlights 3. Industry Highlights 4. Business Highlights 5. Financial Highlights 6. Team & Shareholding KFINTECH EXPERIENCE TRANSFORMATION
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21 KFin Technologies Limited, Investor Presentation Q2 FY26 Leadership Team 22+ years of experience Previously served as Managing Director at Accenture Services and Transformation manager at IBM Global Services Venkata Satya Naga Sreekanth Nadella Managing Director and Chief Executive Officer 18+ years of experience Previously worked at IndusInd Bank and Shinhan Bank Praveen Shankaran Chief Operating Officer – Domestic Mutual Fund Solutions 20+ years of experience in in leading sales, business development, marketing, and CRM Previously worked at HDFC AMC, Religare Invesco AMC, Sundaram BNP Paribas AMC Senthil Gunasekaran Chief Business Development Officer 33+ years of experience in software development, implementation and railway finance and accounts Previously worked at Michelin India, GE India Industrial, LinkedIn Technology Information Venkata Giri Vonkayala Chief Technology Officer 25+ years of experience in human resources Previously worked at Atos, Syntel Inc, Eserve International (Citigroup), Aditya Birla TransWorks Sujay Puthran Chief People Officer 27+ years of experience in financial services Previously worked at GIC AMC Gopala Krishnan Giridhar Chief Business Officer - Issuer Solutions 10+ years of experience in system integration, sales & business development, relationship management, business operations and liaising in Malaysia Previously worked at AIA Pension and Asset Management Quah Meng Kee Regional Head – Southeast Asia 28+ years of experience Previously worked at Bharti BT Internet, American Express, Bajaj Capital, Cigna TTK Health Insurance Vivek Narayan Mathur Chief Financial Officer 17+ years of experience across finance & strategy Previously worked at Future Generali, Aditya Birla Group, Standard & Poor Amit Murarka CFO – International Business, Head – IR and M&A
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22 KFin Technologies Limited, Investor Presentation Q2 FY26 Board of Directors Group CFO at Kotak Mahindra Bank Limited. Over 30 years of experience in BFSI industry Prior to joining the Kotak Group, he was at KPMG for a decade Devang Gheewalla (Non-Executive Nominee Director) Over 15 years of experience in information and technology Principal at General Atlantic ex-Chief Technology Officer at Dun & Bradstreet and ex- CIO at Dun & Bradstreet South Asia Middle east Ltd., Ex- Chief information officer with Bharat Financial Inclusion Srinivas Peddada (Non-Executive Nominee Director) Chair: ITSC 5 Over 30 years of experience in India and Asia Pacific Chief Operating Officer and Operating Partner at General Atlantic Ex-Group CFO at WNS Group, Ex-Group CFO at Mphasis BFL Group. Fellow member of the Institute of Chartered Accountants of India Alok Chandra Misra (Non-Executive Director) Chair : RMC 2 Managing Director in General Atlantic Pvt. Ltd. Over 17 years of experience in financial services, technology, healthcare and consumer sectors in India and Asia-Pacific region Shantanu Rastogi (Non-Executive Nominee Director) Chair: BD&SC 6 Ex-CMD of Union Bank of India & Ex-Chairman IBA; Director of TransUnion CIBIL Ex-non-executive chairman of SWIFT India Domestic Services 48 years of experience in financial services and advising fintech start ups Vishwanathan Mavila Nair (Chairman and Non- Executive Director) Founder of Viteos, Ex-CEO of Intertrust, Ex-Chief Strategy Officer of CSC 40+ years experience in global capital markets and asset management operations industry Shankar Iyer (Independent Director) 39 years of experience in private banking, alternative investments, including private equity funds and real estate funds Ex-joint MD at Kotak Mahindra Bank Prior to joining the Kotak Group, he was with Overseas Sanmar Financial Limited Chengalath Jayaram (Independent Director) Chair: SRC 1 NRC 3 Ex-general manager (operation and technology group head) at Samba Financial Group 30 years of experience in banking, finance, operations and technology, mergers and acquisitions, investment advisory and transformation projects Kaushik Mazumdar (Independent Director) Chair: Audit Committee 30 years of experience in digital transformation and IT products & services Served in various leadership roles at Microsoft India, Mindtree and IBM Radha Rajappa (Independent Director) Chair: CSR 4 Committee (1) Stakeholders’ Relationship Committee; (2) Risk Management Committee; (3) Nomination & Remuneration Committee; (4) Corporate Social Responsibility; (5) IT Strategy Committee; (6) Business Development & Strategy Committee
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23 KFin Technologies Limited, Investor Presentation Q2 FY26 Shareholding Pattern: as on 30th September 2025 Stock information BSE Ticker 543720 NSE Symbol KFINTECH Face Value (₹) 10.00 No. of shares outstanding 17,21,75,801 Free Float 10,90,86,915 Industry Depositories, Clearing Houses and Other Intermediaries Top Institutional Holders Aberdeen Axis MF Abu Dhabi Investment Authority Bajaj Allianz Life Insurance BlackRock Bandhan MF California State Teachers' Retirement System Edelweiss MF Capital World Go Digit General Insurance Florida Retirement System HSBC MF Goldman Sachs IIFL AIF Indus Capital Partners ITI MF Norges Bank Investment Management Kotak Mahindra Bank Pari Washington Kotak MF Sixteenth Street Capital Mahindra Manulife IM University of Cambridge IM Nippon India Alternate Investments Vanguard Nippon India MF Wasatch Advisors LP Pari Washington AIF Market Cap: ₹18,225 cr (as on 30th Sep’ 2025) Promoters, 22.9% Mutual Funds, 12.5% Banks, Insurance & Other DIIs, 12.5% Foreign Portfolio Investors, 25.4% Others, 26.8%
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Appendix KFINTECH EXPERIENCE TRANSFORMATION
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25 KFin Technologies Limited, Investor Presentation Q2 FY26 7.4 10.1 13.3 17.5 Ascent | KPIs in Numbers EoP Number of Funds under Administration EoP Assets under Administration EBITDA* # Funds US$ Billion US$ Million Revenues US$ Million *EBITDA for FYE25 includes one-time cost of US$2.8 Million (M&A related) Ascent Fund Services follows August-July financial year. 200 302 494 643 FYE-Jul’22 FYE-Jul’23 FYE-Jul’24 FYE-Jul’25 +30% 6.7 8.1 20.7 26.2 FYE-Jul’22 FYE-Jul’23 FYE-Jul’24 FYE-Jul’25 +21% +156% +27% -0.6 -1.5 -2.7 FYE-Jul’22 FYE-Jul’23 FYE-Jul’24 FYE-Jul’25 0.0 FYE-Jul’22 FYE-Jul’23 FYE-Jul’24 FYE-Jul’25 +32% +51% +64% +36% +32%
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26 KFin Technologies Limited, Investor Presentation Q2 FY26 Our Journey So Far Note: Years represent calendar year ending 31st Dec; (1) Divested entire stake of 20.95% in July’24; (2) Acquired 51% stake on 13th Oct’25 with a path to 100% ownership over the next 5 years Investor Solutions Value added solutionsOur Offerings ✓ Domestic Mutual Fund ✓ International solutions ✓ Alternatives and Wealth management ✓ Pension ◼ Launch of Issuer Solutions Business ◼ Launch of Pension Services Business ◼ General Atlantic buyout ◼ New CEO appointed ◼ Acquired Sundaram BNP Paribas Fund Services RTA1 business ◼ Acquired Hexagram (fund accounting) ◼ Listed on NSE & BSE ◼ Launch of Alternative and Wealth Management Business ◼ Launch of Investor solutions (Domestic Mutual Fund Solutions Business) - ◼ New chairman of the board appointed ◼ Kotak Mahindra Bank acquired 9.9% stake ◼ International investor solutions business in South-East Asia ◼ Investment in OneMoney (AA)1 ◼ Acquired WebileApps 20101985 2018 1995 2020 2022 2019 2021 2023 2024 ◼ Selected by Blackrock Aladdin Provider Network as ninth global FA partner Issuer Solutions - ◼ Acquired majority 51% stake in Ascent Fund Services2, Singapore, expanding global footprint 2025
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27 KFin Technologies Limited, Investor Presentation Q2 FY26 Our Growth Strategies Attract and retain talent Maintain market leadership by further deepening relationship with existing clients Expand client base and market share through enhanced sales and marketing Investing in technology solutions and product innovation Focused, selective international expansion Pursue strategic acquisitions 1 2 34 5 6 Building blocks of growth
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28 KFin Technologies Limited, Investor Presentation Q2 FY26 Thank You!