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 ...

Zoomcar Delivers Highest-Ever Contribution Profit, Marking Ninth Straight Profitable Quarter; Adjusted EBITDA Loss Improves 74% YoY; Net Loss Narrows 91% YoY [Accessibility Statement] Skip NavigationDelivered $1.38M in contribution profit, with contribution per booking reaching $14.10 in Q3 FY25–26.BENGALURU, India, Feb. 17, 2026 /PRNewswire/ -- Zoomcar Holdings, Inc. (OTCQB: ZCAR) ("Zoomcar" or the "Company"), India's leading peer-to-peer car-sharing marketplace, today announced results for the quarter end ...

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.

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][12] - 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][10] 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] 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] - Plans to raise additional capital to fund growth and aim for uplisting by the end of the fiscal year ending March 31, 2026 [8][9] Management's Comments on Operating Environment and Future Outlook - Management highlighted the structural and long-term opportunity in India's mobility market, emphasizing the importance of maintaining contribution profitability while scaling [4][12] - The company is on track towards operating break-even, with a focus on sustainable and responsible growth [11][12] Other Important Information - The company has managed to keep total liabilities stable, strengthening its balance sheet and improving liquidity [9] - Non-GAAP measures provide a clearer view of operational performance, with consistent margins above 50% and narrowing losses [10] Q&A Session Summary - No specific questions or answers were documented in the provided content, indicating a conclusion to the earnings presentation without a Q&A segment [13]

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 expected revenue growth and improved profitability, and ou ...

Core Insights - Zoomcar Holdings Inc. reported a contribution profit of USD 1.2 million and a 14% year-over-year improvement in adjusted EBITDA for Q2 FY25-26, marking its eighth consecutive quarter of positive contribution profit and progress towards full profitability [1][2][3]. Financial Performance - Contribution profit for the quarter was USD 1.20 million, with per-booking profitability increasing by 5% year-over-year to USD 12.07 [2][7]. - Adjusted EBITDA loss improved by 14% year-over-year, while net loss narrowed by 76% to USD 0.79 million from USD 3.35 million in Q2 FY24-25 [2][7]. - Gross Booking Value reached USD 6.23 million, reflecting a 2% year-over-year increase, achieved without any paid marketing expenditures for the last 18 months [2][7]. Market Position and Growth - The self-drive car-sharing market in India is projected to grow from 18.48 million guests in 2025 to 65 million by 2031, indicating a significant mobility shift [4]. - Zoomcar has established a community of over 10 million guests and 42,000 cars across 99 cities in India since transitioning to a full peer-to-peer model [4][5]. Customer Engagement - The company reported a steady repeat user rate of 56% to 57% year-over-year, indicating strong customer loyalty and engagement [7]. - Active high-quality hosts (rated 4.5+ out of 5) increased by 46% year-over-year, contributing to the platform's growth [7]. Operational Efficiency - Adjusted EBITDA showed a 36% improvement year-to-date for the six months ended September 30, 2025, driven by tighter cost control and operational leverage [7].