ZEEL

Digital platform expansion

1. Focus on profitability and cost optimization ZEEL continues to implement cost-control measures and improve operational efficiency, with management focusing on sustainable profitability alongside revenue growth. 2. Strong content pipeline The company has strengthened its lineup of TV shows, movies and regional language content to maintain viewership and improve advertising revenues. 3. Digital platform expansion Investments in ZEE5 continue, with emphasis on improving user experience, expanding premium content and increasing subscription as well as advertising revenues. 4. Sports broadcasting opportunity ZEEL has strengthened its sports content portfolio through major international broadcasting rights, which is expected to enhance audience engagement across television and digital platforms. 5. Advertising recovery remains a key monitor Management expects advertising demand to gradually improve, supported by recovery in corporate spending and festive season campaigns. 6. Balance sheet remains healthy The company maintains a debt-light balance sheet and continues to focus on prudent capital allocation and strengthening cash flows. 7. Corporate governance focus Following the termination of its proposed merger with Sony, ZEEL has increased its focus on strengthening governance, business execution and rebuilding investor confidence.