Posts a robust Q2 FY26 performance - TBO Tek Ltd

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TBO Tek Ltd posts a robust Q2 FY26 performance driven by broadbased growth and improving profitability - Revenue up 26% YoY with 18.32% Adj. EBITDA Margin before acquisition related costs The quarter saw a strong recovery from Q1’s macro headwinds, with key markets like Europe, APAC and India showing positive momentum. a) Monthly Transacting Buyers reached 30,662, up 8% YoY, driven by a 23.6% YoY increase in International MTBs while the Indian base remained steady at high engagement levels. b) GTV grew 12% YoY to Rs 8,901 Cr, led by strong performance across APAC, MEA, and Europe. Hotels + Ancillaries GTV grew by 20.4% YoY. c) The India business continued on its path of consolidation this quarter, marking a complete arrest of the headline degrowth trend, underscoring early signs of stability and recovery. d) During the quarter, TBO announced the agreement to acquire 100% equity stake in Classic Vacations for $125Mn. The acquisition was completed on 1st October 2025. We also recorded one-time acquisition related costs of Rs 13.15 Cr.