Asian Energy Services Limited Reported Robust Performance For FY25

• FY25 Revenue up by 52% YoY to Rs 465.0 Crores
• FY25 PAT up by 65% to Rs. 42.2 Crores
• Robust order book of Rs 973 Crores as on 31st March 2025

• In FY25, the company achieved a total revenue of Rs 465.0 crores, a 52% growth compared to FY24. In Q4FY25, the revenue surged to Rs 215.4 crores, marking an 81% increase over Q4FY24
• For FY25, EBITDA stood at Rs 72.3 crores with a margin of 15.5%, reflecting a strong improvement of 67% YoY. In Q4FY25, EBITDA increased to Rs 33.5 crores with growth of 35% YoY, with margin of 15.7%, showcasing strong operational performance
• PAT for FY25 reached Rs 42.2 crores, an increase of 65% as compared to same period last year. In Q4FY25,PAT soared to Rs 22.6 crores an increase of 54% YoY

• The company achieved its stated guidance, with revenue from operations increasing to Rs 465 crore in FY25, registering a strong 52% growth over FY24
• The company has announced the acquisition of a 100% stake in Kuiper Group, UAE, from Gulf Capital (a marquee PE fund) for a total consideration of US$ 9.25 million in an all-cash transaction
• The total order book stands at ~ Rs 973 crore (as on 31st March 2025), led by O&M at 56%, Infrastructure/CHP at 36%, and Seismic at 8%
• The company proposes to establish an ESOP pool of 2% of equity capital to align key talent with its long- term growth objectives
• The company has declared dividend of Rs 1, 10% of the face value, subject to shareholders’ approval

We are pleased to report that we have successfully delivered our guidance, achieving an operational revenue of Rs 465 crore in FY25, marking a robust 52% year-on-year growth. This performance reflects the strength of our underlying business model and our focused execution across key verticals.

The acquisition of Kuiper Group marks a pivotal milestone in our journey to expand footprint across key energy markets in the Middle East and Southeast Asia. Kuiper is a profitable entity, with revenues of approximately USD 68 million in CY2024. This strategic move significantly strengthens our O&M capabilities, broadens our service offerings, and provides access to a much larger addressable market in these regions.

In FY26, we are targeting revenue of Rs 650-700 crore i.e. growth of 40%-50% on FY25 numbers (without Kuiper). We will grow rapidly with Kuiper coming into our fold and provide revised guidance once acquisition is complete.

To further support our growth journey, in FY25 we successfully raised Rs 157 crore through preferential warrants, strengthening our capital base. We continue to maintain a healthy financial position with minimal leverage, which provides us with the flexibility to pursue both organic and inorganic growth opportunities.

We are pleased to announce a dividend of Rs 1 per share as a reflection of our strong growth, subject to shareholders` approval.

With a robust order book and the strategic acquisition of Kuiper Group, we are well- positioned to expand our presence in new geographies.