Core Insights - Zoomcar Holdings, Inc. reported approximately $12.8 million in net host payouts for calendar year 2025, with 56.5% of earnings coming from repeat renters, indicating strong demand and host income stability [1][2] Host Earnings Highlights - Total net host payouts for CY 2025 were around $12.8 million (approximately 116 crore) with 18,800 active earning hosts [1] - 4,575 hosts earned over $1,100, 317 hosts earned over $5,500, and 118 hosts earned over $11,000 during CY 2025 [1] - 37% of total host earnings were generated by hosts who joined Zoomcar in 2025, highlighting the contribution from new hosts [1] - Home Delivery bookings contributed approximately $1.84 million (around 16.7 crore) to host earnings in CY 2025 [1] - Home Delivery-enabled hosts earned approximately 1.9 times more than non-delivery hosts, with average earnings of $1,309 versus $682 [1] - On average, a host listing a mid-sized car for the full month could earn between $300 and $400 [1] Marketplace Trends - Seasonal travel cycles positively impacted host earnings, particularly during year-end holidays and summer travel periods [1] - Mass-market vehicle segments, including hatchbacks and compact SUVs, were significant contributors to host earnings [1] - Multi-car hosts earned approximately 1.5 times more per car compared to single-car hosts, indicating potential for higher monetization through scaling [1] - Home Delivery adoption was a key driver of host monetization, with bookings of 7+ days contributing 15.7% of host earnings [1] - Major metro areas like Bengaluru, Delhi NCR, Mumbai, Pune, and Chennai accounted for about two-thirds of total host earnings, reflecting strong market liquidity [1] Geographic and Seasonal Indicators - Bengaluru, Delhi NCR, Mumbai, Pune, and Chennai were the top earning markets for hosts in CY 2025 [1] - December 2025 and January 2025 were among the highest earning months for hosts, emphasizing the importance of seasonality [1]

Core Viewpoint - Zoomcar Holdings, Inc. has initiated a voluntary offer to exchange outstanding common stock purchase warrants for shares of its common stock, aiming to simplify its capital structure and reduce administrative complexity [1][3]. Offer to Exchange - The exchange offer allows eligible holders of warrants to exchange one warrant for 20,000 shares of common stock, subject to verification as accredited investors [2]. - The offer will expire on March 31, 2026, at 5:00 p.m. Eastern Time, unless extended by the company [4]. Capital Structure Simplification - The company is pursuing this exchange to reduce the number of outstanding warrant instruments and consolidate its equity capitalization, which may lead to lower administrative complexity [3]. Conditions of the Offer - The exchange is contingent upon obtaining stockholder approval for an amendment to increase the number of authorized shares of common stock, which will be sought at the upcoming annual meeting [5]. - Shares issued in exchange for warrants will be restricted securities, subject to lock-up restrictions on transfer [6]. Additional Information - Holders of warrants are encouraged to read the Schedule TO and related materials for important information regarding the exchange offer [7].

Core Insights - Zoomcar Holdings, Inc. has successfully closed a private placement of common stock purchase warrants to accredited investors, raising a total of $939 by issuing 939 warrants at $1.00 each, with each warrant exercisable for one share at a nominal price of $6,000 per share [1] Group 1: Private Placement Details - The private placement was initiated on February 19, 2026, and conducted under Section 4(a)(2) of the Securities Act of 1933 and Rule 506(c) of Regulation D [1] - The warrants include customary anti-dilution adjustments for stock splits and dividends, and impose beneficial ownership limitations, restricting holders from exercising warrants if it would result in owning more than 4.99% of the company's outstanding common stock, with an option to increase this limit to 9.99% [2] Group 2: Company Overview - Zoomcar, founded in 2013 and headquartered in Bengaluru, India, is a leading self-drive car-sharing marketplace that connects vehicle hosts with guests, offering a wide selection of vehicles at competitive prices [10]

FQ3 2025-2026 Earnings Call February 17, 2026 Disclaimer Forward-Looking Information / Statements Certain statements contained in this presentation are not historical facts and may be forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Words such as "plans," "expects," "believes," "anticipates," and similar words are intended to identify forward-looking statements. These forward-looking statements include, but are not limited to, statements concerning our e ...

Core Insights - Zoomcar achieved a record contribution profit of $1.38 million in Q3 FY25-26, marking its ninth consecutive quarter of positive contribution profit with a margin of 58% [1] - The company reported a significant improvement in adjusted EBITDA loss, narrowing by 74% year-over-year to $(0.83) million, and a 91% reduction in net loss attributable to shareholders to $(0.72) million [1] Financial Performance - Contribution profit per booking increased by 14% to $14.10, up from $12.39 in the same quarter last year [1] - Gross booking value (GBV) reached $6.60 million, reflecting a 1% year-over-year growth, with repeat users accounting for 58% of bookings [1] - The net loss attributable to shareholders improved to $(0.72) million from $(7.92) million in the prior year [1] Market Position and Strategy - The company is well-positioned to capitalize on the shift in consumer preferences from ownership to access in India's peer-to-peer mobility market [1] - Zoomcar anticipates a significant expansion of its total addressable market (TAM) from 18.5 million users in 2025 to 65 million users by 2031, driven by low car penetration and increasing digital adoption [1] Fundraising and Capital Structure - Zoomcar is in the process of raising additional capital through a private placement bridge financing, targeting a minimum raise of $2 million and up to $10 million [1] - The company is also evaluating a potential uplisting to a U.S. national securities exchange and restructuring existing debt obligations to enhance its balance sheet [1]

Core Viewpoint - Zoomcar Holdings, Inc. is initiating a voluntary exchange offer for its outstanding warrants in an effort to simplify its capital structure and reduce administrative complexity [4][5] Group 1: Offer to Exchange - The company is offering to exchange various classes of existing warrants for shares of its common stock at specified ratios [3][4] - The exchange is part of a broader strategy to consolidate equity capitalization and reduce the number of outstanding warrant instruments [4] - Holders of existing warrants must tender their warrants according to the procedures outlined in the Schedule TO before the expiration date [6] Group 2: Bridge Financing - The company has launched a bridge financing initiative of up to $5 million, with a minimum offering amount of $2 million, conducted as a private placement [2][9] - The securities in the bridge financing consist of units priced at $1,000 each, including one share of Series A Convertible Preferred Stock and one warrant to purchase common stock [10] - The proceeds from the bridge financing will be used for general corporate purposes, including working capital and funding ongoing operations [12]

Core Insights - Zoomcar Holdings, Inc. reported strong operating leverage in December 2025, with a 2% increase in bookings, a 27% month-over-month increase in Gross Booking Value (GBV), and a 34% increase in Net GAAP Revenue compared to November 2025, indicating improved revenue efficiency [2][3] - The company projected record Net GAAP Revenue of nearly USD 1 million for December 2025, achieved without any performance marketing spend, highlighting its focus on disciplined execution and improved unit economics [3][6] - Contribution profitability reached a record level, representing approximately 58% of Net GAAP Revenue, or USD 17.52 per booking, compared to an average of USD 11.63 per booking from April to November 2025 [4][6] Operational Metrics - Average trip duration increased by approximately 20% to 60 hours in December 2025, compared to an average of 50 hours during the first eight months of the fiscal year [5] - Average transaction value rose by approximately 30% to around USD 78, compared to approximately USD 60 during the same earlier period, driven by longer trip durations [5] Company Overview - Founded in 2013 and headquartered in Bengaluru, Zoomcar is India's largest peer-to-peer car-sharing marketplace, connecting individual vehicle owners with users for self-drive carsharing [9]

Core Insights - Zoomcar has launched a new Trip Protection cover, enhancing its service offerings in the peer-to-peer car-sharing market [1] - The Trip Protection cover is supported by Universal Sompo General Insurance through a Contractual Liability Policy, indicating a strategic partnership to mitigate risks for users [1] Company Overview - Zoomcar is recognized as India's leading peer-to-peer car-sharing platform, highlighting its significant position in the market [1] - The introduction of Trip Protection cover aims to provide hosts with zero repair costs for accidental damage, thereby increasing the attractiveness of the platform for potential hosts [1] - Guests are expected to benefit from a worry-free experience, which could enhance customer satisfaction and retention [1]

Financial Data and Key Metrics Changes - Contribution profit for the quarter ended September 30, 2025, was $1.20 million, marking the eighth consecutive positive quarter, with per-booking contribution profit improving by 5% year-on-year to $12.07 [2][3] - Adjusted EBITDA improved by 14% year-over-year, and net loss narrowed to $0.8 million, down from $3.4 million a year ago, representing a significant 76% improvement [3][6] - Revenue for the quarter stood at $2.3 million, reflecting a 2% improvement year-over-year, with contribution margins remaining strong at 52% of reported GAAP revenue [5][9] Business Line Data and Key Metrics Changes - High-quality hosts increased by 46% year-over-year, and repeat users remained consistent at 57%, indicating strong platform stickiness [3][6] - Booking numbers declined marginally by 6%, but gross booking value improved to $6.23 million due to a 22% increase in average booking duration [5][6] Market Data and Key Metrics Changes - The total addressable market for self-drive car-sharing is expected to expand from 18.5 million guests in 2025 to 65 million by 2031, with car ownership in India remaining low at 0.1 cars per household compared to 2.1 in the U.S. [3][4] - With over 1 billion internet users, digital maturity is high, and the contribution margin turnaround from minus $2.5 to plus $12 per booking demonstrates that the model scales profitably [4][10] Company Strategy and Development Direction - The company aims to consolidate its market leadership as the preferred peer-to-peer car-sharing platform, focusing on flexibility over ownership [4][11] - Plans to raise additional capital to fund growth and aim for uplisting by the end of the fiscal year ending March 31, 2026 [7][8] Management's Comments on Operating Environment and Future Outlook - Management highlighted the importance of maintaining contribution profitability while scaling bookings through organic demand, with a focus on sustainable and responsible growth [6][11] - The company is on track towards operating break-even, with a positive trajectory in adjusted EBITDA and improved operational efficiency [10] Other Important Information - The company has managed to keep total liabilities stable, strengthening its balance sheet and improving liquidity [8] - Non-GAAP measures provide a realistic view of performance, with consistent margins above 50% and narrowing losses every quarter [9] Q&A Session Summary - No specific questions or answers were documented in the provided content, thus this section is not applicable.

Financial Data and Key Metrics Changes - Contribution profit for the quarter ended September 30, 2025, was $1.20 million, marking the eighth consecutive positive quarter, with per-booking contribution profit improving by 5% year-on-year to $12.07 [2][3] - Adjusted EBITDA improved by 14% year-over-year, and net loss narrowed to $0.8 million, down from $3.4 million a year ago, representing a significant 76% improvement [3][6] - Revenue for the quarter stood at $2.3 million, reflecting a 2% improvement year-over-year, with contribution margins remaining strong at 52% of reported GAAP revenue [5][6] Business Line Data and Key Metrics Changes - High-quality hosts increased by 46% year-over-year, and repeat users remained consistent at 57%, indicating strong platform stickiness [3] - Booking numbers declined marginally by 6%, but gross booking value improved to $6.23 million due to a 22% increase in average booking duration [5] Market Data and Key Metrics Changes - The total addressable market for self-drive car-sharing is expected to expand from 18.5 million guests in 2025 to 65 million by 2031, with car ownership in India remaining low at 0.1 cars per household compared to 2.1 in the U.S. [3][4] - With over 1 billion internet users, digital maturity is high, and the contribution margin turnaround from minus $2.5 to plus $12 per booking demonstrates that the model scales profitably [4] Company Strategy and Development Direction - The company aims to consolidate its market leadership as the preferred peer-to-peer car-sharing platform, focusing on sustainable and responsible growth while maintaining financial stability and long-term shareholder value [4][11] - Plans to raise additional capital to fund growth and aim for uplisting by the end of the fiscal year ending March 31, 2026 [7][8] Management's Comments on Operating Environment and Future Outlook - Management highlighted that the current moment is ideal for accelerating growth due to macro tailwinds, proven profitability, and digital readiness [4] - The company is on track towards operating break-even, with a focus on maintaining contribution profitability before accelerating top-line growth [7][10] Other Important Information - The company has managed to keep total liabilities stable, strengthening its balance sheet and improving liquidity [8] - Non-GAAP measures provide a realistic view of performance, with contribution margins consistently above 50% and losses narrowing every quarter [9] Q&A Session Summary - No specific questions or answers were provided in the content regarding the Q&A session.