Blackbuck Ltd · NSE:BLACKBUCK

Blackbuck — Q1 FY2026 Earnings Presentation

15 slides from Blackbuck's earnings presentation, Aug 5, 2025

  1. Slide 1: Stock exchange cover letter for Investor Presentation

    ` Ref: BLACKBUCK/CORP/2025-26/71 August 05, 2025 To To National Stock Exchange of India Ltd., BSE Limited Exchange Plaza, C-1, Block G Phiroze Jeejeebhoy Towers Bandra Kurla Complex, Dalal Street Bandra (E), Mumbai – 400051 Mumbai – 400001 Scrip Code: 544288, Scrip Symbol: BLACKBUCK, Series – EQ ISI

  2. Slide 2: Q1’26 Earnings Presentation

    Q1’26 Earnings Presentation

  3. Slide 3: Snapshot of Q1’26

    Snapshot of Q1’26 ₹ 159.56 Cr. ₹ 40.40 Cr. ₹ 33.70 Cr. Total Income1 EBITDA2 PAT3 ▲ 62.27% YoY ▲ 383.35% YoY ---- 783,399 386,351 6847.46 Cr. Transacting Customers Users (>=2 Services) GTV Payments ▲ 13.87% YoY ▲ 24.23% YoY ▲ 27.84% YoY Delivering consistent profitability and strong scale-up of new

  4. Slide 4: Trucking industry overview

    Trucking industry overview $170-175 Bn Industry 75% trucks owned by small 3.5 Mn Truck Owners operators (<5 Trucks) 8-9% CAGR 12.5 Mn Trucks Cash Leakages Lower Accessibility Lower Accessibility leading to higher Ineffective Ineffective costs Monitoring Monitoring Financing Payments Maintenance Truc

  5. Slide 5: Our Strategy

    Our Strategy Offerings Tolling Vehicle Fuel Vehicle Loads Brokerage Fuel Fleet Docs + Pipeline Tracking Payments Finance Platform Platform Sensor … BlackBuck Platform 783,399 x 43.8 Mins Transacting Customers Daily App Usage Truck Operator’s Lifecycle 10K+ 80%+ Distribution Physical Touchpoint Distr

  6. Slide 6: P&L Overview

    P&L Overview KEY METRICS Q1’26 Q1’25 YoY Q4’25 QoQ Total Income1 ₹ in Cr 159.56 98.33 62.27% 136.76 16.67% Revenue from Operations ₹ in Cr 143.61 92.17 55.82% 121.83 17.88% - Core (Payments & Telematics) ₹ in Cr 120.26 85.52 40.62% 111.66 7.70% - Growth Businesses ₹ in Cr 23.35 6.64 251.52% 10.16 12

  7. Slide 7: Key Metrics

    Key Metrics METRICS Q1’26 Q1’25 YoY Q4’25 QoQ Average monthly transacting truck operators Units 783,399 687,994 13.87% 765,397 2.35% Monthly transacting users using at least two services Units 386,351 310,989 24.23% 368,495 4.85% Time spent on App Daily by Transacting Customers Minutes 43.8 41.5 5.5

  8. Slide 8: Key Highlights

    Key Highlights • BlackBuck grew by 62.28% Y-o-Y in overall revenues in Q1’26. o The core businesses growing at 40.62% leveraging the tailwinds of the trucking industry and strong execution excellence. o The growth businesses grew strongly by 251.52%, led by the launch of ‘SuperLoads’ business which

  9. Slide 9: Operating leverage at play (1/2)

    Operating leverage at play (1/2) YoY Q1’ 26 Q1’ 25 ▲Change Drivers for Operating Leverage Net Revenues (₹ Cr.) 131.85 92.17 39.68 88% Adj. EBIDTA (₹ Cr.) 47.21 12.10 35.11 Recurring Revenues High Contribution Margin QoQ Q1’ 26 Q4’ 25 ▲Change Strong User Retention Net Revenues (₹ Cr.) 131.85 121.83 1

  10. Slide 10: Operating leverage at play (2/2)

    Operating leverage at play (2/2) Adj. EBITDA (INR Cr) 47.2 38.8 33.1 19.2 10.4 12.1 3.4 -10.7 -9.4 Adj. -18.0% -14.9% 4.2% 11.2% 13.1% 19.4% 29.0% 31.8% 35.8% EBITDA % Q1'24 Q2'24 Q3'24 Q4'24 Q1'25 Q2'25 Q3'25 Q4'25 Q1'26 Strong revenue growth momentum and operating leverage continues to drive profi

  11. Slide 11: Snapshot of last 2 years P&L

    Snapshot of last 2 years P&L METRICS Q1’24 Q2’24 Q3’24 Q4’24 Q1’25 Q2’25 Q3’25 Q4’25 Q1’26 Total Income ₹ in Cr 64.36 67.68 91.78 98.96 98.33 104.27 123.18 136.76 159.56 Revenue from Operations ₹ in Cr 59.47 63.37 80.87 93.22 92.17 98.77 113.98 121.83 143.61 - Core (Payments & Telematics) ₹ in Cr 55

  12. Slide 12: Summary of last 2 Years

    Summary of last 2 Years ~2.5X revenue growth from Q1’24 to Q1’26 Profitability turnaround from -18% in Q1’24 to +35% in Q1’26 Consistent 70%+ delivery of operating leverage on an YoY basis in FY 25 Strong momentum in creating future revenue streams 11

  13. Slide 13: Thank You!

    Thank You! 12

  14. Slide 14: Annexure 1: Walkthrough from PAT to Adjusted EBITDA

    Annexure 1: Walkthrough from PAT to Adjusted EBITDA KEY METRICS Q1’26 Q1’25 YoY Q4’25 QoQ Profit / (Loss) after Tax ₹ in Cr. 33.70 28.67 17.52% 280.17 (87.97%) Less: Profit/ (Loss) from discontinued operations ₹ in Cr. - (3.71) - (5.59) - Exceptional items ₹ in Cr. - 25.62 - (0.78) - Other Gains / L

  15. Slide 15: Annexure 2: ESOP Expense Projections

    Annexure 2: ESOP Expense Projections ESOP Charge in P&L Quarter (In Cr.)* Q2’26 5.82 Q3’26 5.14 Q4’26 4.65 Q1’27 2.59 Q2’27 2.60 Q3’27 2.55 Q4’27 1.46 Q1’28 1.28 * ESOP Charge is projected assuming no further grants and estimates regarding attrition date. The attrition rate is based on historical an

BlackBuck (Zinka Logistics Solutions Limited) — Q1 FY2026 Earnings Presentation on 6ix