Exicom Reports Ǫ4 FY25 Results: Foundational Progress Amid a Transitional Year

Gurugram, May 23, 2025 – Exicom, one of India’s leading providers of EV charging andcritical power solutions, today announced its financial results for the fourth quarter and fullyear of FY25.

The company closed the quarter with modest standalone growth, returning to profitabilityafter a negative quarter. Consolidated performance remained under pressure, impacted byslower-than-anticipated returns from international operations. Despite this, Exicom remains confident in its strategic direction and long-term roadmap..

"While FY25 was not without its challenges, the company has emerged more focused,better aligned, and operationally sharper," said Anant Nahata, Managing Director and CEO, Exicom. "We’ve made deliberate choices that may not reflect immediately in numbers, but position us powerfully for the future.”

Financial Snapshot and Strategic Highlights

On a standalone basis, the business saw recovery signs with sequential improvement,returning to the black in Ǫ4. Full-year FY25 performance was steady, reflecting the strengthof Exicom’s core operations in India. However, consolidated performance, which includesTritium, Exicom’s international arm, remained negative as some of the strategic initiativesare still in early stages of execution. The acquisition is a long-term bet, and the companycontinues to invest in integration, productization, and commercial expansion. Tri-Flex,Tritium’s flagship product, was recently launched at the ACT Expo 2025 in California and iscentral to the company’s global roadmap. With a strong pre-order pipeline and deliveriesscheduled from October 2025 onwards, this product promises to be a growth multiplier forTritium. Moreover, nearly 500 Tritium chargers were deployed in CY 2025. Severalframework agreements were signed with large global customers, expanding the businesspipeline for FY26 and beyond.

"We are in build-mode at Tritium. While some outcomes have taken longer to manifest,we’re seeing the indicators we care about moving in the right direction." Anant added. The company’s EVSE Business outlook improved with green shoots being visible in theIndian EV market, both in terms of EV 4-wheeler sales and renewed focus on expandingelectric buses and trucks infrastructure in the country. Despite a subdued macro backdropduring the better part of FY25, Exicom focused on building strong fundamentals in terms oftech-forward products and deep customer engagements. During the year, Exicom beganworking with 6 new top-tier OEMs and 11 new charge point operators, significantlyexpanding its customer base. It cumulatively sold over 1500 DC and 50,000 AC chargersglobally during the year. With an eye on the future, the company also entered the direct-toconsumer space in the AC home charger segment via its online store and ecommerceplatforms.

In a significant milestone, Exicom launched Harmony Direct 2.0, a DC fast charger withindustry-leading features, at a high-impact industry event attended by top EV leaders.Backed by strong technology and customer confidence, the product is expected to boostmomentum in the DC segment in the coming quarters.

The Critical Power Business saw a strong rebound in Ǫ4, with revenue growing by over 88%ǪoǪ. This segment, closely tied to telecom infrastructure investment cycles, tends to showlumpy performance. Growth was broad-based across Li-ion batteries, hybrid powersystems and other telecom power solutions. With execution on the Bharat Net projectscheduled to begin in Ǫ2 FY26 and continued sales traction in Africa and Southeast Asia,the outlook for the coming year remains positive.

Business Outlook

For FY26, Exicom is guiding positively on standalone performance, with a projected 50%growth in revenue and ~250% growth in EBITDA. The company is maintaining a morecautious view of consolidated results, with expectations of 100% growth in revenue andcorresponding EBITDA. Internal efforts continue across EVSE and Critical Power businesses,with disciplined investments in technology, product, and customer experience.

About Exicom: Exicom is one of India's leading EV charging and Critical Power solutionsmanufacturer, present across the entire EV charger value chain with a host of products across bothAC and DC charger segments and is spearheading India's transition to sustainable transportationwhile ensuring the smooth functioning of critical infrastructure. With a wealth of expertise across itsdivisions, Exicom’s critical power solutions serve as the backbone of communication networks,delivering uninterrupted power supplies crucial for telecom infrastructure. With a footprint spanningIndia, Southeast Asia, Middle East, US, Europe and over 1,50,000 chargers installed worldwide,Exicom is at the forefront of shaping the global EV charging landscape.

Media Contact: khushboo.chawla@exicom.in | Investor Relations – investors@exicom.in