RDZN

Record Revenue and Growth Underscore Adoption of Roadzen's AI Platform First quarter fiscal 2027 revenue increased 49% to $16.2 million from $10.9 million in the prior year’s first quarter — the strongest first quarter on record for Roadzen and the best quarterly revenue in Company history. FY2027 Momentum Accelerates Toward a $100+ Million Run Rate Roadzen exited the quarter at a roughly $65 million annualized revenue run rate and secured over $30 million of contracted revenue during the quarter. In July 2026, Roadzen signed a definitive agreement to acquire a leading European MGA specializing in short-term car rental insurance, expected to add approximately $18–20 million of annual revenue and $1.6–2.0 million of EBITDA, further supporting momentum towards a $100+ million annualized run rate. Quarterly Net Loss Increase Driven by Non-Cash Expenses; Eighth Consecutive Quarter of Adjusted EBITDA1 Improvement and Second Straight 'Rule of 40' Quarter Adjusted EBITDA loss narrowed to $(0.37) million from $(1.41) million in the prior year quarter — a 73% year-over-year improvement — and improved from $(0.44) million in the fourth quarter of fiscal 2026, marking the eighth consecutive quarter of gains. Together, these results delivered Roadzen's second consecutive 'Rule of 40' quarter, at a score of approximately 47. AI Platform Delivers Measurable Results Across Insurance and Mobility Roadzen's AI platform delivers real, measurable outcomes at scale for its customers: up to 72% fewer accidents for drivers and fleets across billions of miles driven, an 85% average combined ratio for Roadzen's MGA operations versus a global industry average of 103%, and claims-to-repair cycle times cut from roughly six weeks to 48 hours for most claims. NEW YORK, Aug. 13, 2026 (GLOBE NEWSWIRE) -- Roadzen Inc. (Nasdaq: RDZN) ("Roadzen" or the "Company"), a global leader in AI at the convergence of insurance and mobility, today announced its financial results for the three months ended June 30, 2026, its first quarter of fiscal year 2027. "A new generation of AI-first companies is showing incredible applications of AI across verticals — in legal, in customer service, in software — and Roadzen is leading the way for insurance and mobility. The results we are seeing in applied AI — on combined ratios, on driver safety, on underwriting precision, and in overall enterprise adoption among our global clients — are exceptional. This was the best quarter in our history, and the fact that we beat our March quarter — typically our strongest of the year, with June usually running lower — gives us a nice base for the rest of the year," said Rohan Malhotra, Founder and CEO of Roadzen. "We exited the quarter at a $65 million annualized run rate, added more than $30 million in new deals, and signed a definitive agreement to acquire a leading European insurance platform that gives us more than a decade of proprietary underwriting and claims data on short-term trips. We believe we have a clear line of sight to exiting fiscal 2027 at a $100 million-plus annualized run rate and continued positive gains on Adjusted EBITDA.” "At the end of last quarter, we outlined clear financial priorities: reaching Adjusted EBITDA breakeven, driving greater operating leverage and cost efficiency, and continuing to strengthen and simplify our balance sheet," said Jean-Noël Gallardo, Chief Financial Officer of Roadzen. "We made meaningful progress on each of those in the first quarter. Revenue increased 49% year-over-year to a record $16.2 million, while our Adjusted EBITDA loss narrowed to just $(0.37) million from $(0.44) million in the fourth quarter and $(1.41) million a year ago — our eighth consecutive quarter of improvement. Operating expenses, excluding cost of services and depreciation and amortization, declined approximately 34% sequentially, while revenue reached a new quarterly record, demonstrating the cost efficiencies and operating leverage we are realizing as the business scales." First Fiscal Quarter 2027 Financial Highlights: Revenue and Key Performance Indicators: Record first quarter revenue totaling $16.2 million, up from $10.9 million the prior year first quarter, an increase of 49% and the highest quarterly revenue in Company history. Brokerage solutions accounted for 45% of total revenue, increasing $1.6 million, or 28.2% over the prior year quarter, while IaaS revenue accounted for the remaining 55% of revenue, increasing $3.7 million, or 72.3% over the prior year quarter. As of June 30, 2026, Roadzen had 61 insurance customer agreements (including carriers, self-insureds and other entities processing insurance claims), 96 automotive customer agreements, and approximately 4,240 agents and fleet customer agreements, compared to 61 insurance, 91 automotive and 4,200 agent and fleet customer agreements as of March 31, 2026. In the brokerage business, 165,181 policies were sold during the first quarter for approximately $25.6 million of Gross Written Premium ("GWP"), compared to 144,270 policies and $25.2 million of GWP in the fourth quarter of fiscal 2026. In our IaaS business, 1,406,382 claims, roadside assistance and vehicle inspections were conducted during the three months ended June 30, 2026, compared to 1,409,790 in the prior fourth quarter ended March 31, 2026. Operating Expenses: Operating expenses for the three months ended June 30, 2026, excluding Cost of Services and Depreciation and Amortization, totaled $10.1 million, compared with $8.8 million in the prior-year period. While revenue increased 49% year-over-year to a record $16.2 million, operating expenses increased approximately 14.7%, demonstrating operating leverage as the Company scaled. Loss from operations totaled $1.5 million, compared with $2.5 million in the prior-year period, reflecting increasing operating leverage — a 39% year-over-year improvement. Operating margin improved to (9.5%) from (23.2%) in the prior-year period, representing approximately 1,367 basis points of year-over-year improvement. Net Results: Net loss attributable to ordinary shareholders was $(9.8) million, or $(0.12) per share, compared with $(4.0) million, or $(0.05) per share, in the prior-year period. The first-quarter net loss included a $7.2 million non-cash fair-value loss (including a one-time, non-cash $5.9 million write-down of the Forward Purchase Agreement) on the Company's financial instruments compared with $0.5 million in the prior-year period. Excluding this non-cash fair-value adjustment, net loss attributable to ordinary shareholders would have been approximately $(2.6) million. This non-cash fair-value adjustment was the principal driver of the reported net loss, masking continued improvement in the Company's underlying operating performance. Adjusted EBITDA loss for the first quarter totaled $(0.37) million, compared with $(1.41) million in the prior-year period — a 73% year-over-year improvement. This marks Roadzen's eighth consecutive quarter of Adjusted EBITDA improvement, bringing the Company closer to Adjusted EBITDA breakeven while delivering 49% year-over-year revenue growth. Balance Sheet: Total assets as of June 30, 2026 were approximately $47.7 million, compared with $52.7 million at March 31, 2026. The sequential change was driven principally by a one-time non-cash write-off of the Company's Forward Purchase Agreement of $5.9 million. The Company ended the quarter with $6.0 million of cash and cash equivalents, compared with $6.6 million on March 31, 2026. Total liabilities declined to $78.3 million from $79.2 million at March 31, 2026, driven by a $3.4 million decrease in Accounts Payable, partially offset by an increase in current portion of long-term borrowings, while aggregate borrowings decreased slightly to $33.0 million from $33.3 million. As of June 30, 2026, the Company had approximately 84.6 million Ordinary Shares outstanding, an increase of 4.9 million shares from March 31, 2026, primarily reflecting the $8.0 million institutional equity financing completed during the quarter. Subsequent Financial Events: The Company further reduced outstanding debt by converting approximately $0.8 million of junior unsecured convertible debentures and their accrued interest into equity at $2.50 per Ordinary Share. First Quarter 2027 Operational Highlights Revenue and Commercial Deployments: Roadzen secured more than $30 million of new contracted revenue during the first quarter across insurance, claims, fleet safety and roadside assistance, including: VehicleCare secured two major insurer claims mandates expected to generate more than $20 million in combined annual revenue. As of June 30, 2026, VehicleCare verified garages and car repair workshops total 1,350+ compared to 1,200 on March 31, 2026. drivebuddyAI secured contracts totaling $7.8 million for AI-powered fleet safety deployments covering a 3,000-truck fleet and up to 3,600 electric commercial vehicles. In the U.S., EliteCover Insurance Solutions, Inc. secured an LOI for $30 million of insurance capacity anticipated to support approximately $6 million in annual revenue, while National Automobile Club secured a contract expected to generate approximately $1.2 million annually for a digital platform serving more than 500,000 users. Global Insurance Management secured several new U.K. contracts representing approximately $2.5 million in projected annual revenue. Technology & Intellectual Property: drivebuddyAI secured two additional patents during the quarter covering AI-based real-time road-hazard detection and geo-mapping and its Real-Time Lane Detection System, further expanding Roadzen's proprietary AI and driver-safety technology portfolio. Strategic Partnerships & Platform Expansion: Roadzen partnered with a top-10 global automaker to deliver GAP insurance across the U.K., representing its second major European OEM win since September 2025. VehicleCare partnered with TISAG-TEMOT to strengthen parts availability and integrated claims-to-repair infrastructure across India. Roadzen was selected as a beta-testing partner for Anthropic's Managed Agents platform for enterprise AI deployment. Corporate Milestone: Roadzen was added to the Russell 2000 and Russell 3000 indices as part of the June 2026 reconstitution. Subsequent Events Acquisition: Acquisition of Leading European MGA Provides Scaled Entry into the $27 Billion Car Rental Insurance Market On July 9, 2026, Roadzen signed a definitive agreement to acquire a leading technology-driven European MGA specializing in short-term car rental insurance. The acquisition provides Roadzen with a scaled, fully regulated European insurance platform powering more than 800,000 policies annually, with approximately $18–20 million in revenue and $1.6–2.0 million in EBITDA. The business operates a capital-light model with no underwriting risk, positive free cash flow, no debt, and durable multi-year A-rated insurance capacity, supported by proprietary technology and a lean team of approximately 20 employees. The transaction is being completed through Roadzen’s India subsidiary for stock or cash and is not expected to be directly dilutive to Roadzen’s Nasdaq shareholders, with closing anticipated in early Q3 FY2027. Strategically, the combination brings together more than a decade of proprietary short-trip pricing and underwriting data with Roadzen’s AI capabilities, creating the opportunity to deliver real-time underwriting and automated, computer-vision-led claims across the approximately $27 billion global car rental insurance market. For more information about Roadzen Inc., please visit https://roadzen.ai/ About Roadzen Inc. Roadzen Inc. (Nasdaq: RDZN) is a global leader in AI at the convergence of insurance and mobility. Roadzen builds technology that helps insurers, automakers, and fleets better predict and prevent risk, automate claims, and deliver seamless, embedded insurance experiences. Thousands of clients across North America, Europe, and Asia — from the world's leading insurers, carmakers, and fleets to dealerships and agents — use Roadzen's technology to build new products, sell insurance, process claims, and improve road safety. Roadzen's pioneering work in telematics, generative AI, and computer vision has earned recognition from Forbes, Fortune, and Financial Express as one of the world's top AI innovators. Headquartered in Burlingame, California, Roadzen employs more than 450 people across offices in the U.S., U.K., India, and China. Learn more at www.roadzen.ai. Cautionary Statement Regarding Forward-Looking Statements This press release includes forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended (the "Securities Act"), and Section 21E of the Securities Exchange Act of 1934, as amended (the "Exchange Act"). We have based these forward-looking statements on our current expectations and projections about future events. These forward-looking statements are subject to known and unknown risks, uncertainties and assumptions about us that may cause our actual results, levels of activity, performance or achievements to be materially different from any future results, levels of activity, performance or achievements expressed or implied by such forward-looking statements. In some cases, you can identify forward-looking statements by terminology such as "may," "should," "could," "would," "expect," "plan," "anticipate," "believe," "estimate," and "continue," or the negative of such terms or other similar expressions. Such statements include, but are not limited to, statements regarding the anticipated benefits of our products and solutions, our expected revenue growth and anticipated Adjusted EBITDA breakeven timing, expected revenue and results from announced contracts and strategic partnerships, our ability to consummate the acquisition described in this press release when anticipated, or at all, the anticipated synergies and growth from our acquisitions, strategy, demand for our products, expansion plans, future operations, future operating results, estimated revenues, losses, projected costs, prospects, plans and objectives of management, as well as all other statements other than statements of historical fact included in this press release. Factors that might cause or contribute to such a discrepancy include, but are not limited to, those described in "Risk Factors" in our Securities and Exchange Commission ("SEC") filings, including the annual report on Form 10-K we filed with the SEC on June 29, 2026. We urge you to consider these factors, risks and uncertainties carefully in evaluating the forward-looking statements contained in this press release. All subsequent written or oral forward-looking statements attributable to our company or persons acting on our behalf are expressly qualified in their entirety by these cautionary statements. The forward-looking statements included in this press release are made only as of the date of this release. Except as expressly required by applicable securities law, we disclaim any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise. For more information, please contact: Investor Contacts: [email protected] Media Contacts: Sanya Soni [email protected] or [email protected] Financial Statements Follow Non-GAAP Financial Measures This press release includes Adjusted Earnings Before Interest, Tax, Depreciation and Amortization (Adjusted EBITDA), a non-GAAP financial measure which excludes the impact of finance costs, taxes, depreciation and amortization and certain other items from reported net profit or loss. We believe that Adjusted EBITDA aids investors by providing an operating profit/loss without the impact of non-cash depreciation and amortization and certain other items to help clarify sustainability and trends affecting the business. For comparability of reporting, management considers non-GAAP measures in conjunction with U.S. GAAP financial results in evaluating business performance. Adjusted EBITDA should not be considered a substitute for, or superior to, the measures of financial performance prepared in accordance with U.S. GAAP. In addition, Adjusted EBITDA does not purport to represent cash flow provided by, or used for, operating activities in accordance with GAAP and should not be used as a measure of liquidity. Non-GAAP financial measures have limitations as analytical tools and should not be considered in isolation or as substitutes for financial information presented under GAAP. There are a number of limitations related to the use of non-GAAP financial measures versus comparable financial measures determined under GAAP. For example, other companies in our industry may calculate these non-GAAP financial measures differently or may use other measures to evaluate their performance. These limitations could reduce the usefulness of these non-GAAP financial measures as analytical tools. Investors are encouraged to review the related GAAP financial measures and the reconciliations of these non-GAAP financial measures to their most directly comparable GAAP financial measures and to not rely on any single financial measure to evaluate our business. The following tables reconcile our net loss reported in accordance with U.S. GAAP to Adjusted EBITDA: ¹ Fair value changes in financial instruments are considered to be financing costs as they relate to convertible notes and the Forward Purchase Agreement. These changes are non-cash as these changes in fair value are affected by the volatility of the Company's share price. For more information about Roadzen Inc., please visit https://roadzen.ai/

Roadzen Posts First ‘Rule of 40’ Quarter in Two Years; FY2026 Net Loss Narrows 69% and Adjusted EBITDA Loss Improves 58%, with Seventh Straight Quarter of Adjusted EBITDA Gains Nearing Breakeven Record Revenue Growth Drives Strongest Quarter in Company HistoryRoadzen delivered record fourth-quarter revenue of $16.1 million, up 42% year-over-year and 12% sequentially — the highest quarterly revenue in Company history. Full-year FY2026 revenue rose to a record $55.0 million, up 24% from $44.3 million in FY2025, reflecting sustained multi-quarter acceleration driven by rising customer adoption and expanding enterprise penetration. Net Loss Narrows Sharply; Adjusted EBITDA1 Approaches Break-EvenNet loss attributable to ordinary shareholders for FY2026 fell approximately 69% to $(22.5) million, or $(0.29) per share, from $(72.9) million, or $(1.04) per share, in FY2025, and full-year operating loss improved 77% to $(14.0) million from $(60.8) million in FY2025. Adjusted EBITDA loss for the fourth quarter was $(0.4) million, compared to $(1.6) million in the prior-year quarter, and full-year Adjusted EBITDA loss improved to $(3.5) million from $(8.4) million in FY2025 — Roadzen's seventh consecutive quarter of improvement. Scaled AI Platform Delivers Measurable Ecosystem ImpactRoadzen's AI platform processes over 3 million insurance claims annually and leverages over 4 billion miles of proprietary real-world driving data to power precision underwriting, claims automation, telematics, and driver intelligence. The platform delivers up to 72% accident reduction for fleets. Roadzen's MGA operations run at an average 85% combined ratio — compared to an industry average of approximately 103% — and claims-to-repair cycle times are cut from an average of ~6 weeks to 48 hours for standard repairs, strengthened by VehicleCare. FY2027 Momentum Builds; Profitability Path DefinedRoadzen exited FY2026 at an approximately $64 million annualized revenue run-rate. With over $30 million in new annual revenue commitments already secured in Q1 FY2027 — across insurance contracts, OEM partnerships, fleet deployments, and carrier capacity programs — the Company has clear visibility towards reaching a $100 million annualized revenue run-rate and positive Adjusted EBITDA for the coming fiscal year. _______________________1 Adjusted EBITDA is a non-GAAP financial metric. See “Non-GAAP Financial Measures” at the end of this press release for more information, including a reconciliation to the nearest GAAP financial measure. NEW YORK, June 29, 2026 (GLOBE NEWSWIRE) -- Roadzen Inc. (Nasdaq: RDZN) ("Roadzen" or the "Company"), a global leader in AI at the convergence of insurance and mobility, today announced its financial results for the Fiscal 2026 fourth quarter and full year ended March 31, 2026. Commenting on the Company's results, Rohan Malhotra, Founder and CEO of Roadzen, stated, "This was the best quarter in our history. We have been building towards this growth for two years by laying the groundwork — we are seeing increased adoption of our platform, largely driven by the U.S. and India, and democratic growth across all of our product lines. More customers are adopting more of our platform, across more geographies, and at increasing speed. We are showcasing real-world AI at scale. Unlike general intelligence models, which are large, expensive and general-purpose, our focus is on building specialized models that deliver enterprise intelligence within context — that are built for precision and the lowest cost of delivery, so that our accuracy translates directly into real economic impact for our customers. As adoption grows, the network effects across our data, distribution, and decisioning compound. Our goal for this year is clear: to be one of a handful of AI companies, globally, with over $100 million in annual recurring revenue with adjusted EBITDA profitability, and growing more than 40-50% a year. We are still early, but the direction is clear, and we have entered Fiscal 2027 with more momentum, more visibility, and greater conviction than ever before." Roadzen's CFO, Jean-Noël Gallardo, commented, "The Fiscal fourth quarter represented a clear acceleration in Roadzen's financial trajectory, with record quarterly revenue growing 42% year-over-year and 12% sequentially, driving meaningful operating leverage and continued improvement in our financial metrics. While our net loss for the quarter was $(7.3) million, or $(0.09) per share, we reduced our full-year Fiscal 2026 net loss by approximately 69% over the prior year. Our Adjusted EBITDA loss narrowed to $(0.4) million — our seventh consecutive quarter of improvement — bringing the Company closer to Adjusted EBITDA breakeven. We are also exceptionally pleased to report our first ‘Rule of 40’ quarter since the U.K. pause. The growth we are seeing in our acquired businesses is being driven by the synergies we have created across the Roadzen platform — by connecting them to our AI, our distribution, and our customer base, we are accelerating their growth well beyond what they could achieve independently. There is clear momentum in the operating performance of the business, where year-over-year revenue growth has accelerated from an average of 18% in the first half of this year to more than 30% growth in the second half, while our Adjusted EBITDA margin narrowed from -10.2% to -3.3% over the same period — showing both sustained commercial acceleration and a clear trend toward breakeven. We also made decisive improvements to our balance sheet. We reduced short-term borrowings by approximately 60%, from $19.9 million to $7.8 million, while extending into longer-duration debt — including the extension of our $11.5 million senior secured facility with Mizuho to July 2027 — strengthening our near-term liquidity position and capital flexibility. We raised capital almost entirely through clean equity, largely at a premium to our market price, including at the India subsidiary level. The balance sheet clean-up remains a focus for us as we continue to strengthen the foundations of the business." Fourth Quarter and Full Year Financial Highlights P&L Revenue and Key Performance Indicators: Revenue for the Fourth Quarter ended March 31, 2026, increased to $16.1 million, compared to $11.3 million in the prior year period, representing 42% year-over-year growth, and increased 12% sequentially from $14.4 million in Q3 FY2026, marking the highest quarterly revenue in Company history. Growth was driven by continued expansion across insurance, mobility, and AI-powered fleet intelligence solutions, supported by increasing enterprise adoption and scaling deployments globally. Revenue for the Fiscal Year ended March 31, 2026, increased to $55.0 million, compared to $44.3 million in FY2025, representing 24% year-over-year growth. Gross margin for the fourth quarter was consistent with the prior year at 65.7%. For the full fiscal year, gross margin increased to 61.3% versus 57.5% in FY2025, demonstrating underlying operating leverage as the Company scales its AI-powered insurance and mobility platform. As of March 31, 2026, Roadzen had 61 insurance customer agreements (including carriers, self-insureds and other entities processing insurance claims), 91 automotive customer agreements, and approximately 4,200 agents and fleet customer agreements. This compares to 61 insurance, 87 automotive and 4,100 agent and fleet customers as of December 31, 2025. Roadzen brokerage business sold 144,270 policies during the fourth quarter for approximately $25.2 million of Gross Written Premium ("GWP"), compared to 149,810 policies in the prior FY2026 third quarter, producing $17.1 million of GWP. Crossing $25 million in quarterly Gross Written Premium is an important milestone for the Company as it builds toward $100 million in annualized GWP — driven by continued growth in India alongside a rising contribution from the U.S., where higher average premiums per policy and stronger margins are increasingly accretive to the mix. In our IaaS business, 1,409,790 claims, roadside assistance and vehicle inspections were conducted during the three months ending March 31, 2026, compared to 1,397,535 for the prior third quarter ending December 31, 2025. Net Results: Net loss attributable to ordinary shareholders for the Fiscal Year ended March 31, 2026, was $(22.5) million, or $(0.29) per share, compared to $(72.9) million, or $(1.04) per share, in FY2025, representing a significant year-over-year improvement driven by materially lower operating losses and stronger revenue scaling across the Company's AI-powered insurance and mobility platform. Of the FY2026 net loss, approximately $9.8 million was comprised of non-cash expenses, including a $4.0 million loss on fair value of the Company's financial instruments (convertible notes, variable instruments and warrants), $2.2 million related to depreciation and amortization, and $3.6 million related to other non-cash items. Total operating expenses for the Fiscal Year ended March 31, 2026, were $69.0 million, compared to $105.1 million in FY2025, representing a 34% year-over-year reduction, driven by significant decreases in corporate overhead and general and administrative expenses, partially offset by higher cost of services reflecting increased platform utilization and revenue scaling. Adjusted EBITDA loss for the fiscal year was $(3.5) million, compared to $(8.4) million in FY2025. Fourth Quarter Adjusted EBITDA loss was $(0.4) million, compared to $(1.6) million in the prior-year quarter and $(0.6) million in the sequential third quarter, marking Roadzen's seventh consecutive quarter of sequential improvement. Balance Sheet Assets: Total assets as of March 31, 2026, were $52.7 million, an increase of $20.1 million from the previous Fiscal Year end, driven by growth in receivables, acquisition-related intangible assets, and equity raised during the year. The Company ended the year with cash and cash equivalents of $6.6 million compared to $4.8 million at the prior year end period. Liabilities: Total liabilities as of March 31, 2026, were $79.2 million, compared to $58.3 million at Fiscal Year-end 2025. These include $13.2 million of convertible notes and $4.2 million of non-cash liabilities, which is comprised of $2.0 million of derivative warrant liability, $1.0 million of deferred tax liability, and $1.2 million related to deferred revenue and retirement benefits. During the Fiscal Year, Roadzen restructured its debt profile to establish a more stable, longer-duration capital structure. The Company reduced short-term borrowings by approximately 60%, from $19.9 million to $7.8 million, while extending into long-term borrowings, which grew to $15.6 million. This deliberate shift strengthened Roadzen’s near-term liquidity and capital flexibility, positioning the balance sheet to support continued growth — including the extension of the Company's $11.5 million senior secured facility with Mizuho Securities USA LLC to July 2027. Capitalization: As of March 31, 2026, the Company had approximately 79.7 million Ordinary Shares outstanding, an increase of 5.4 million shares from the prior fiscal year-end. This represented dilution of only approximately 7% to shareholders, as Roadzen raised a meaningful portion of its growth capital through its India subsidiary at a premium to the Nasdaq share price, limiting the absolute impact to the Company's stock; Roadzen India was valued at $277 million following the VehicleCare acquisition. drivebuddyAI Developments: Patent — Driver Identification: drivebuddyAI was granted a patent for AI-powered in-vehicle facial recognition enabling continuous driver identification, anchoring AI-driven risk scoring, fatigue detection, and compliance enforcement to verified driver identity in real time. Patent — Hazardous Road Condition Detection: drivebuddyAI was granted a patent for AI-based detection and geo-mapping of hazardous road conditions in real time. Patent — Real-Time Lane Detection: drivebuddyAI was granted a patent for its AI-powered Real-Time Lane Detection System, a core technology underpinning advanced driver assistance and autonomous driving systems. These awards expand drivebuddyAI’s IP portfolio to more than 15 patents and reinforce its technological edge as the only platform certified under AIS-184, EU GSR 2144, and Euro NCAP 2026 standards. Surpassed 4 billion miles of real-world driving data, demonstrating up to 72% accident reduction. Acquisitions: Strategic Acquisitions Unlock New Markets and Full-Stack Control EliteCover Insurance — Entry into the ~$80 Billion U.S. Commercial Auto Insurance MarketOn December 3, 2025, Roadzen acquired majority control of EliteCover, a U.S.-based licensed commercial auto insurance broker and Managing General Underwriter operating in California, Texas, Illinois, and New Jersey, with Lloyd's of London Coverholder status. The acquisition provides Roadzen with a regulated underwriting and distribution platform to participate directly in the approximately $80 billion U.S. commercial auto insurance market. Combined with Roadzen's AI-powered underwriting, telematics-driven risk management, automated claims, and integrated roadside assistance through National Automobile Club, EliteCover enables an end-to-end commercial auto insurance offering on a commission- and fee-based model. The synergies created by integrating EliteCover into the Roadzen platform are expected to drive its growth across the U.S. commercial auto market. VehicleCare — Full-Stack Motor Claims ControlOn January 6, 2026, Roadzen agreed to acquire VehicleCare, an AI-powered vehicle repair and workshop aggregation platform. VehicleCare's software-enabled network of more than 1,200 workshops across India allows Roadzen to directly manage repair timelines, quality and cost outcomes, delivering over 30% loss-cost reductions versus OEM garages while improving cycle times, transparency, and fraud control. The transaction valued Roadzen's India subsidiary at approximately $277 million, implying a value of roughly $3.50 per Roadzen share, based on Roadzen's ownership of approximately 92% of the India subsidiary. Since closing, Roadzen has brought new business to VehicleCare by connecting it to the Company's AI, insurer relationships, and claims funnel — winning two major insurer mandates that are expected to generate more than $20 million in combined annual revenue, and entering into a strategic partnership with TEMOT International, one of the world's largest automotive parts distribution networks, strengthening the infrastructure supporting Roadzen's newly launched 48-hour claims repair turnaround program. FY2027 – Off to a Strong Start with Over $30 Million in New Annual Revenue Mandates Financial Developments As previously announced, on May 5, 2026, the Company closed on a securities purchase agreement with institutional investors securing $8 million at an offering price of $1.70 per share. Roadzen secured an agreement with Mizuho Securities USA LLC to extend the maturity of its $11.5 million senior secured debt facility to July 7, 2027. Revenue & Commercial Deployments: April 14, 2026 – Roadzen partnered with a top-10 global carmaker to deliver GAP insurance across the U.K., its second major European OEM win since September 2025. April 22, 2026 – Roadzen's U.K. subsidiary, Global Insurance Management, secured several new contracts totaling $2.5 million in projected annual revenue. April 27, 2026 – Leveraging Roadzen's insurer relationships, VehicleCare secured a major claims mandate from one of India's largest insurers, expected to generate over $10 million in annual revenue. April 29, 2026 – Roadzen's drivebuddyAI won a $2.5 million contract to bring AI-powered safety to a 3,000-truck fleet. April 30, 2026 – Roadzen secured an LOI for a $30 million insurance capacity commitment from a leading U.S. carrier, with the program anticipated to contribute approximately $6 million in annual revenue. June 16, 2026 – Building on Roadzen's distribution, VehicleCare secured a second major insurer mandate with one of India's top 10 general insurers, expected to generate more than $10 million in annual revenue. June 18, 2026 – Roadzen expanded its U.S. footprint with a commercial contract valued at approximately $1.2 million in annual revenue, naming its National Automobile Club subsidiary as the exclusive roadside assistance provider for a digital platform serving more than 500,000 users. June 23, 2026 – Roadzen's drivebuddyAI secured a $5.3 million purchase order from one of India's leading EV fleet operators to deploy its AI-powered fleet safety platform across up to 3,600 electric commercial vehicles over five years. Strategic Partnerships & Ecosystem Expansion: May 6, 2026 – VehicleCare partnered with global auto-parts network TEMOT International to build integrated claims-to-repair infrastructure and parts availability across India. May 7, 2026 – Roadzen selected as a beta-testing partner for Anthropic's Managed Agents platform for enterprise AI deployment. Other Interest: June 26, 2026 – Roadzen was included in the Russell 2000 and 3000 indices in the semi-annual rebalance, following qualification on Russell rank day. For more information about Roadzen Inc., please visit https://roadzen.ai. About Roadzen Inc. Roadzen Inc. (Nasdaq: RDZN) is a global leader in AI at the convergence of insurance and mobility. Roadzen builds technology that helps insurers, automakers, and fleets better predict and prevent risk, automate claims, and deliver seamless, embedded insurance experiences. Thousands of clients across North America, Europe, and Asia — from the world's leading insurers, carmakers, and fleets to dealerships and agents — use Roadzen's technology to build new products, sell insurance, process claims, and improve road safety. Roadzen's pioneering work in telematics, generative AI, and computer vision has earned recognition from Forbes, Fortune, and Financial Express as one of the world's top AI innovators. Headquartered in Burlingame, California, Roadzen employs more than 450 people across offices in the U.S., U.K., India, and China. Learn more at www.roadzen.ai. Cautionary Statement Regarding Forward Looking Statements This press release includes forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended (the "Securities Act"), and Section 21E of the Securities Exchange Act of 1934, as amended (the "Exchange Act"). We have based these forward-looking statements on our current expectations and projections about future events. These forward-looking statements are subject to known and unknown risks, uncertainties and assumptions about us that may cause our actual results, levels of activity, performance or achievements to be materially different from any future results, levels of activity, performance or achievements expressed or implied by such forward-looking statements. In some cases, you can identify forward-looking statements by terminology such as "may," "should," "could," "would," "expect," "plan," "anticipate," "believe," "estimate," and "continue," or the negative of such terms or other similar expressions. Such statements include, but are not limited to, statements regarding the anticipated benefits of our products and solutions, our expected revenue growth and anticipated Adjusted EBITDA breakeven timing, expected revenue and results from announced contracts and strategic partnerships, the anticipated synergies and growth from our acquisitions, strategy, demand for our products, expansion plans, future operations, future operating results, estimated revenues, losses, projected costs, prospects, plans and objectives of management, as well as all other statements other than statements of historical fact included in this press release. Factors that might cause or contribute to such a discrepancy include, but are not limited to, those described in "Risk Factors" in our Securities and Exchange Commission ("SEC") filings, including the annual report on Form 10-K we filed with the SEC on June 26, 2025. We urge you to consider these factors, risks and uncertainties carefully in evaluating the forward-looking statements contained in this press release. All subsequent written or oral forward-looking statements attributable to our company or persons acting on our behalf are expressly qualified in their entirety by these cautionary statements. The forward-looking statements included in this press release are made only as of the date of this release. Except as expressly required by applicable securities law, we disclaim any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise. For more information, please contact: Investor Contacts: [email protected] Media Contacts: Sanya Soni [email protected] or [email protected] Financial Statements Follow Non-GAAP Financial Measures This press release includes Adjusted Earnings Before Interest, Tax, Depreciation and Amortization (Adjusted EBITDA), a non-GAAP financial measure which excludes the impact of finance costs, taxes, depreciation and amortization and certain other items from reported net profit or loss. We believe that Adjusted EBITDA aids investors by providing an operating profit/loss without the impact of non-cash depreciation and amortization and certain other items to help clarify sustainability and trends affecting the business. For comparability of reporting, management considers non-GAAP measures in conjunction with U.S. GAAP financial results in evaluating business performance. Adjusted EBITDA should not be considered a substitute for, or superior to, the measures of financial performance prepared in accordance with U.S. GAAP. In addition, Adjusted EBITDA does not purport to represent cash flow provided by, or used for, operating activities in accordance with GAAP and should not be used as a measure of liquidity. Non-GAAP financial measures have limitations as analytical tools and should not be considered in isolation or as substitutes for financial information presented under GAAP. There are a number of limitations related to the use of non-GAAP financial measures versus comparable financial measures determined under GAAP. For example, other companies in our industry may calculate these non-GAAP financial measures differently or may use other measures to evaluate their performance. These limitations could reduce the usefulness of these non-GAAP financial measures as analytical tools. Investors are encouraged to review the related GAAP financial measures and the reconciliations of these non-GAAP financial measures to their most directly comparable GAAP financial measures and to not rely on any single financial measure to evaluate our business. The following tables reconcile our net loss reported in accordance with U.S. GAAP to Adjusted EBITDA: (1) Fair value changes in financial instruments are considered to be financing costs as they relate to convertible notes and the Forward Purchase Agreement. These changes are non-cash as these changes in fair value are affected by the volatility of the Company's share price.

Back-to-back insurer mandates bring VehicleCare to more than $20 million in combined expected annual revenue, with claims adoption continuing to scale nationally NEW YORK, June 16, 2026 (GLOBE NEWSWIRE) -- Roadzen Inc. (Nasdaq: RDZN) ("Roadzen" or the "Company"), a global leader in AI at the convergence of insurance and mobility, today announced that VehicleCare, its wholly owned India-based workshop management and claims AI platform, has secured a second major insurer mandate to run motor claims repair execution across its nationwide network. The mandate, with one of India's top 10 general insurers, is expected to generate over $10 million in annual revenue as claims volumes ramp. Together with VehicleCare's recently announced mandate of comparable size, the two contracts are expected to contribute more than $20 million in combined annual revenue — with adoption running well past the Company's initial estimates at the time of the VehicleCare acquisition, as large insurers move to outsource the most complex part of the insurance experience. Since April 2026, Roadzen has announced approximately $30 million of new contractual relationships expected to scale into revenue over the course of the year, spanning VehicleCare in India, its U.K.-based Global Insurance Management subsidiary, and its broader insurance and mobility operations. The two mandates validate the thesis behind Roadzen's VehicleCare acquisition: that AI-led claims estimation and approval delivered in real-time, combined with VehicleCare's control over repair execution and its integrated parts supply chain, can transform how insurers manage motor claims when the three are delivered together at scale. Each insurer relationship creates durable, claims-volume-linked revenue while strengthening VehicleCare's data, network, and operating advantages. The new insurance client operates more than 850 branches nationwide, sells more than 8 million auto policies annually, and processes over $450 million in annual motor claims. Combined with VehicleCare's first major mandate — which provided exposure to an approximately $800 million annual motor claims pool — VehicleCare now holds insurer relationships representing more than $1.2 billion in annual motor claims activity. VehicleCare operates AutoSpace, one of India's leading workshop management platforms, digitizing the end-to-end repair journey across more than 1,200 verified partner garages in metro, Tier-1, and Tier-2 cities. The platform has processed more than 150,000 claims and delivered a 30%-plus reduction in loss costs versus OEM garages. Under the mandate, VehicleCare manages the motor claims repair lifecycle for the insurer — from workshop assignment and repair authorization through parts procurement, execution, quality sign-off, and final delivery — with AI-led damage estimation and claims approval delivered jointly with Roadzen's technology. The insurer gains real-time visibility across every stage through AutoSpace, replacing fragmented manual workflows with a single digital operating layer. A core component is VehicleCare's Garage ERP and its real-time parts procurement bridge, which connects workshops directly to suppliers at the point of repair diagnosis — improving parts availability and price transparency, reducing leakage, and creating a digital audit trail. For insurers, this means tighter control over cost, turnaround time, repair quality, and policyholder experience at scale. "VehicleCare is expanding beautifully, well past our initial estimates, and these two back-to-back insurer mandates show why, because what we have built together is a way to take on the hardest part of insurance — the claim itself — and actually manage it end to end rather than just watch it happen," said Rohan Malhotra, Founder and CEO of Roadzen. "We deliver the AI that estimates and approves the claim in real time, then VehicleCare brings the software layer to control repair execution and the parts supply chain across a nationwide network, and together that troika is what moves cost, speed, and quality at the same time, with guaranteed turnaround times that we do not believe anyone has delivered at scale anywhere in the world, and two leading insurers signing back to back tells us the market is ready for exactly this." "VehicleCare was built to solve one of the hardest problems in motor insurance: managing repairs with speed, transparency, and accountability across a fragmented workshop ecosystem," said Arvind Verma, CEO of VehicleCare. "With AutoSpace, our Garage ERP, and our parts procurement bridge, insurers get a single platform to authorize, execute, monitor, and complete repairs in real time. This second mandate shows that large insurers are ready to modernize how motor claims are managed." About Roadzen Inc.Roadzen Inc. (Nasdaq: RDZN) is a global leader in AI at the convergence of insurance and mobility. Roadzen builds technology that helps insurers, automakers, and fleets better predict and prevent risk, automate claims, and deliver seamless, embedded insurance experiences. Thousands of clients across North America, Europe, and Asia — from the world's leading insurers, carmakers, and fleets to dealerships and agents — use Roadzen's technology to build new products, sell insurance, process claims, and improve road safety. Roadzen's pioneering work in telematics, generative AI, and computer vision has earned recognition from Forbes, Fortune, and Financial Express as one of the world's top AI innovators. Headquartered in Burlingame, California, Roadzen employs more than 300 people across offices in the U.S., U.K., and India. Learn more at www.roadzen.ai. Cautionary Statement Regarding Forward-Looking StatementsThis press release includes forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended (the "Securities Act"), and Section 21E of the Securities Exchange Act of 1934, as amended (the "Exchange Act"). We have based these forward-looking statements on our current expectations and projections about future events. These forward-looking statements are subject to known and unknown risks, uncertainties and assumptions about us that may cause our actual results, levels of activity, performance or achievements to be materially different from any future results, levels of activity, performance or achievements expressed or implied by such forward-looking statements. In some cases, you can identify forward-looking statements by terminology such as "may," "should," "could," "would," "expect," "plan," "anticipate," "believe," "estimate," and "continue," or the negative of such terms or other similar expressions. Such statements include, but are not limited to, statements regarding our anticipated strategy, valuation, demand for our products, expansion plans, future operations, future operating results, estimated revenues and projections, estimated revenues associated with VehicleCare contracts, losses, projected costs, prospects, plans and objectives of management, as well as all other statements other than statements of historical fact included in this press release. Factors that might cause or contribute to such a discrepancy include, but are not limited to, those described in "Risk Factors" in our Securities and Exchange Commission ("SEC") filings, including the annual report on Form 10-K we filed with the SEC on June 26, 2025. We urge you to consider these factors, risks and uncertainties carefully in evaluating the forward-looking statements contained in this press release. All subsequent written or oral forward-looking statements attributable to our company or persons acting on our behalf are expressly qualified in their entirety by these cautionary statements. The forward-looking statements included in this press release are made only as of the date of this release. Except as expressly required by applicable securities law, we disclaim any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.For more information, please contact: Investor Contacts: [email protected] Contacts: Sanya Soni – [email protected] | [email protected]

Roadzen delivers 18.8% revenue increase and reduces operating loss by 25.4% over prior-year quarter Strategic wins, new contracts and acquisitions, expand Roadzen’s U.S. market presence and full-stack operating capabilities, reinforcing its position as a global AI leader at the intersection of insurance and mobility Year-over-year Sequential Revenue Growth; Record Nine-Month Revenue Q3 revenue increased 18.8% over the prior-year quarter and 4.9% from Q2 to $14.4 million; nine-month revenue rose 18.3% to $38.9 million, marking a record nine months and Roadzen’s best quarter in the last two years. Operating Loss Continue to Materially Decline; Sixth Consecutive Quarter of Adjusted EBITDA1 improvement Q3 operating loss narrowed to $(2.4) million from $(3.2) million in the prior-year quarter, a 25.4% year-over-year improvement. Adjusted EBITDA loss improved 67.1% year-over-year to $(0.59) million from $(1.8) million in the prior-year quarter. Roadzen India Valued at Approximately $280 Million Following VehicleCare Acquisition and Balance Sheet Strengthening The transaction establishes a standalone valuation of Roadzen’s India business at approximately $280 million, implying a look-through value of roughly $3.50 per share. In November, Roadzen reached an agreement in principle to extend its $11.5 million senior secured debt facility with Mizuho Securities USA, LLC from December 31, 2025 to June 30, 2027. Strategic Acquisitions Expand Roadzen into a Global AI leader in Auto Insurance During and subsequent to the quarter, Roadzen identified two highly strategic acquisitions—closing on EliteCover in the United States and signed an agreement to acquire VehicleCare in India—positioning the Company to operate across the full insurance value chain. EliteCover provides Roadzen with direct access to the approximately $80 billion U.S. commercial auto insurance market through its MGU platform, while VehicleCare will transform Roadzen into a full-stack, AI-driven motor claims operating system with direct control over repair execution, cycle times, and cost outcomes at scale. AI Platform Scale and Precision Continue to Differentiate Roadzen Globally Roadzen’s applied AI platform now processes over 3 million insurance claims annually, leveraging billions of real-world driving data points to deliver high-precision underwriting, claims automation, telematics, and driver monitoring at scale across global insurance and mobility markets. ______________________________ 1 Adjusted EBITDA is a non-GAAP financial metric. See “Non-GAAP Financial Measures” at the end of this press release for more information, including a reconciliation to the nearest GAAP financial measure. NEW YORK, Feb. 12, 2026 (GLOBE NEWSWIRE) -- Roadzen Inc. (Nasdaq: RDZN) ("Roadzen" or the "Company”), a global leader in AI at the convergence of insurance and mobility, today announced its financial results for the three and nine-month periods ended December 31, 2025. Commenting on the quarter financial accomplishment, Rohan Malhotra, founder and CEO of Roadzen, stated, “This quarter reflects the convergence of sustained business growth, expanding global customer adoption, and disciplined execution across Roadzen. We continue to secure new enterprise clients and multi-year contracts across North America, Europe, and India, while scaling existing deployments with insurers, automakers, and fleet operators. These wins underscore strong product-market fit across geographies and are driving both revenue growth and operating leverage. Strategically, we have built capabilities that are increasingly difficult to replicate. EliteCover provides us with regulated access and distribution into the approximately $80 billion U.S. commercial auto insurance market, while VehicleCare gives us direct, on-the-ground control across repair execution. Importantly, our differentiation is rooted in real-world AI outcomes. Our domain-specific, mathematically rigorous models—trained on billions of real-world data inputs—deliver consistently high-precision decisioning across insurance and mobility workflows. This combination of proven AI accuracy, full-stack operating control, and global execution positions Roadzen as a leader in applied AI at the intersection of insurance and mobility.” Roadzen’s CFO, Jean-Noël Gallardo, commented, “Q3 demonstrates the tangible results of disciplined execution. Revenue reached $14.4 million, up nearly 19% year-over-year, and operating losses continue to narrow as Adjusted EBITDA is now virtually at break-even. With operations nearing positive Adjusted EBITDA and capital managed prudently, Roadzen has significantly strengthened its financial position to support sustainable growth and drive long-term shareholder value.” Third Quarter and First Nine-Months Financial Highlights: Revenue and Key Performance Indicators: Revenue for the third quarter totaled $14.4 million, a $2.3 million, or 18.8% increase over the same quarter last year and a sequential increase of approximately $0.7 million, or 4.9% over the second quarter. Revenue for the nine months ending December 31, 2025, was $38.9 million, an increase of $6.0 million, or 18.3% over the same period last year. Gross margin for the third quarter was 63.7% compared to 55.7% in the second quarter. For the nine-month period, gross margin improved nearly five points to 59.5% compared to 54.6% in the prior year. As of December 31, 2025, Roadzen had 61 insurance customer agreements (including carriers, self-insureds and other entities processing insurance claims), 87 automotive customer agreements, and approximately 4,100 agents and fleet customer agreements. This compares to 34 insurance, 77 automotive and 3,700 agent and fleet customers as of December 31, 2024. Roadzen brokerage business sold 149,810 policies during the third quarter for approximately $17.1 million of Gross Written Premium (“GWP”), compared to 77,326 policies in the prior fiscal year third quarter, producing $13.2 million of GWP. In our IaaS business, 1,397,535 claims, roadside assistance and vehicle inspections were conducted during the three months ending December 31, 2025, an increase of approximately 100% compared to 698,657 for the same quarter last year. Net Results: Total operating expenses for the third quarter totaled approximately $16.7 million, primarily reflecting consolidation of the China joint venture. Other expense totaled approximately $(7.1) million, including $5.2 million of non-cash fair value adjustments related to share price movements. Net loss for the quarter totaled $(9.1) million, or $(0.12) per share, driven by non-cash fair value adjustments of $(0.07) per share. Adjusted EBITDA loss for the quarter was $(0.59) million, compared to $(1.8) million in the prior-year quarter, marking Roadzen’s sixth consecutive quarter of sequential improvement. Third Quarter Financial Developments On October 6, 2025, the Company completed the final closing of its India subsidiary financing, raising an additional $2.5 million. On November 4, 2025, Roadzen reached an agreement in principle with Mizuho Securities USA LLC, to extend the maturity of its $11.5 million senior secured debt facility to June 30, 2027. Third Quarter Operational Highlights DrivebuddyAI Developments: Achieved EU GSR 2144 Driver Monitoring System validation by Applus IDIADA, expanding regulatory compliance beyond India AIS-184. Surpassed 3.9 billion kilometers of real-world driving data, demonstrating over 70% accident reduction. Secured five-year contracts with six Indian trucking fleets covering more than 1,500 vehicles, with deployment beginning March 2026. Acquisitions: EliteCover Acquisition – Entry into the $80 Billion U.S. Commercial Auto Insurance Market On December 3, 2025, Roadzen acquired majority control of EliteCover, a U.S.-based licensed commercial auto insurance broker and Managing General Underwriter operating in California, Texas, Illinois, and New Jersey, with Lloyd’s of London Coverholder status. The acquisition provides Roadzen with a regulated underwriting and distribution platform to participate directly in the approximately $80 billion U.S. commercial auto insurance market. Combined with Roadzen’s AI-powered underwriting, telematics-driven risk management, automated claims, and integrated roadside assistance through National Auto Club, EliteCover enables an end-to-end commercial auto insurance offering operating on a commission- and fee-based model with no underwriting risk, generating 15-20% of premiums per policy plus fee income and profit share. Subsequent Events VehicleCare Acquisition – Full-Stack Motor Claims Control Subsequent to quarter-end, Roadzen signed an agreement to acquire VehicleCare, an AI-powered vehicle repair and workshop aggregation platform. VehicleCare’s software-enabled network of over 350 workshops across India enables Roadzen to directly manage repair timelines, quality, and cost outcomes, delivering over 30% loss cost reduction versus OEM garages while materially improving cycle times, transparency, and fraud control. The transaction values Roadzen’s India subsidiary at approximately $280 million, implying a look-through value of roughly $3.50 per Roadzen share. Roadzen expects to retain approximately 91% ownership of the India subsidiary and anticipates the acquisition will add approximately $10 million of high-margin revenue over the next twelve months. For more information about Roadzen Inc., please visit https://www.roadzen.ai. About Roadzen Inc. Roadzen Inc. (Nasdaq: RDZN) is a global leader in AI at the convergence of insurance and mobility. Roadzen builds technology that helps insurers, automakers, and fleets better predict and prevent risk, automate claims, and deliver seamless, embedded insurance experiences. Thousands of clients — from the world’s leading insurers, carmakers, and fleets to dealerships and agents — use Roadzen’s technology to build new products, sell insurance, process claims, and improve road safety. Roadzen’s pioneering work in telematics, generative AI, and computer vision has earned recognition from Forbes, Fortune, and Financial Express as one of the world’s top AI innovators. Headquartered in Burlingame, California, Roadzen employs more than 390 people across offices in the U.S., U.K., India and China. Learn more at www.roadzen.ai. The Company builds technology that helps insurers, automakers, and fleets predict and prevent risk, automate claims, and deliver seamless, embedded insurance experiences. Thousands of clients — from global insurers and automakers to small fleets and brokers — rely on Roadzen’s technology across North America, Europe, and Asia. Cautionary Statement Regarding Forward Looking Statements This press release includes forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended (the “Securities Act”), and Section 21E of the Securities Exchange Act of 1934, as amended (the “Exchange Act”). We have based these forward-looking statements on our current expectations and projections about future events. These forward-looking statements are subject to known and unknown risks, uncertainties and assumptions about us that may cause our actual results, levels of activity, performance or achievements to be materially different from any future results, levels of activity, performance or achievements expressed or implied by such forward-looking statements. In some cases, you can identify forward-looking statements by terminology such as “may,” “should,” “could,” “would,” “expect,” “plan,” “anticipate,” “believe,” “estimate,” and “continue,” or the negative of such terms or other similar expressions. Such statements include, but are not limited to, statements regarding the anticipated benefits of our products and solutions, our expected revenue growth, strategy, demand for our products, expansion plans, future operations, future operating results, estimated revenues, losses, projected costs, prospects, plans and objectives of management, as well as all other statements other than statements of historical fact included in this press release. Factors that might cause or contribute to such a discrepancy include, but are not limited to, those described in “Risk Factors” in our Securities and Exchange Commission (“SEC”) filings, including the annual report on Form 10-K we filed with the SEC on June 26, 2025. We urge you to consider these factors, risks and uncertainties carefully in evaluating the forward-looking statements contained in this press release. All subsequent written or oral forward-looking statements attributable to our company or persons acting on our behalf are expressly qualified in their entirety by these cautionary statements. The forward-looking statements included in this press release are made only as of the date of this release. Except as expressly required by applicable securities law, we disclaim any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise. For more information, please contact: Investor Contacts: [email protected] Media Contacts: Sanya Soni [email protected] or [email protected] Financial Statements Follow Non-GAAP Financial Measures This press release includes Adjusted Earnings Before Interest, Tax, Depreciation and Amortization (Adjusted EBITDA), is a non-GAAP financial measure which excludes the impact of finance costs, taxes, depreciation and amortization and certain other items from reported net profit or loss. We believe that Adjusted EBITDA aids investors by providing an operating profit/loss without the impact of non- cash depreciation and amortization and certain other items to help clarify sustainability and trends affecting the business. For comparability of reporting, management considers non-GAAP measures in conjunction with U.S. GAAP financial results in evaluating business performance. Adjusted EBITDA should not be considered a substitute for, or superior to, the measures of financial performance prepared in accordance with U.S. GAAP. In addition, Adjusted EBITDA does not purport to represent cash flow provided by, or used for, operating activities in accordance with GAAP and should not be used as a measure of liquidity. Non-GAAP financial measures have limitations as analytical tools and should not be considered in isolation or as substitutes for financial information presented under GAAP. There are a number of limitations related to the use of non-GAAP financial measures versus comparable financial measures determined under GAAP. For example, other companies in our industry may calculate these non-GAAP financial measures differently or may use other measures to evaluate their performance. These limitations could reduce the usefulness of these non- GAAP financial measures as analytical tools. Investors are encouraged to review the related GAAP financial measures and the reconciliations of these non-GAAP financial measures to their most directly comparable GAAP financial measures and to not rely on any single financial measure to evaluate our business. The following tables reconcile our net loss reported in accordance with U.S. GAAP to Adjusted EBITDA:

Company continues growth momentum, reduces net loss 90.3% over prior year quarter, and accelerates path to Adjusted EBITDA breakeven Improving Fiscal Q2 and Record Six-Month Revenue Revenue increased 25.9% quarter-over-quarter and 15.2% year-over-year to $13.7 million; six-month revenue rose 18.0% to $24.5 million, reporting a record first half and best quarter in the last 12 months. Sharply Reduced Net Loss and Fifth Straight Quarter of Adjusted EBITDA1 Improvement Q2 net loss narrowed to $(2.1) million from $(21.8) million the same quarter last year, a 90.3% year-over-year improvement. Adjusted EBITDA loss improved to $(1.1) million from $(2.1) million from the prior year quarter — a 48.6% year-over-year improvement. Balance Sheet Strengthened Through Premium Capital Raises Over $9 million in additional capital was raised at premiums to market during the quarter, including funding at the India subsidiary level implying a $2 per share valuation for Roadzen’s Nasdaq share price. Debt Extension Agreement in Principle – Post Second Quarter In November, the Mizuho $11.5 million senior debt facility was agreed in principle to be extended from December 31, 2025 to June 30, 2027. Series of Strategic Wins Strengthen Global Expansion DrivebuddyAI achieved EU regulatory validation and surpassed 3.5 billion kilometers of real-world driving data. Roadzen also secured a major European OEM insurance mandate and signed a definitive agreement to acquire a majority interest in a U.S. commercial auto Managing General Underwriter, reinforcing its position as a global leader at the intersection of AI, insurance, and mobility. NEW YORK, Nov. 14, 2025 (GLOBE NEWSWIRE) -- Roadzen Inc. (Nasdaq: RDZN) ("Roadzen" or the "Company”), a global leader in AI at the convergence of insurance and mobility, today announced its financial results for the three and six months ended September 30, 2025. “This was a very strong quarter for Roadzen, building on the momentum from last quarter — both in business performance and in strengthening our balance sheet,” said Rohan Malhotra, CEO and founder of Roadzen. “We raised over $11.5 million in the last four months with minimal dilution to shareholders, from some of the world’s leading technology investors, delivered our fifth consecutive quarter of Adjusted EBITDA improvement, and achieved a 90.3% year-over-year reduction in net loss. Several key partnerships and contracts are set to come in, positioning us for accelerated momentum in the second half.” Malhotra continued, “With over 3.5 billion kilometers of driving data powering DrivebuddyAI and more than 2.5 million claims and inspections processed annually through our platform, Roadzen now operates at a data scale unmatched in our industry. This depth of data and industrial knowledge in insurance is fueling our precision AI — built for mobility and insurance. We’ve asked our investors to track three things: our growth and path to breakeven, our leadership in innovation, and the addition of marquee client partnerships across geographies. We are confident we will deliver on these goals and continue to believe the Company is poised for sustained growth ahead.” "This was a strong quarter for Roadzen, reflecting disciplined cost management and meaningful operational improvements. During the quarter, and with the subsequent final close of the India subsidiary funding, we continued to strengthen our balance sheet, providing the runway to reach operational cash flow breakeven,” stated Jean-Noël Gallardo, CFO of Roadzen Inc. “Following quarter-end, we agreed in principle with Mizuho to extend our debt facility, further enhancing our financial flexibility and removing a significant short-term liability. Combined with ongoing AI-driven efficiencies and targeted expense optimization, we are confident this momentum will drive continued margin expansion and stronger cash flow in the second half of fiscal 2026." ____________ 1 Adjusted EBITDA is a non-GAAP financial metric. See “Non-GAAP Financial Measures” at the end of this press release for more information, including a reconciliation to the nearest GAAP financial measure. Second Quarter and Year to Date Financial Highlights Revenue and Key Performance Indicators: Revenue for the second quarter totaled $13.7 million, increasing approximately $1.8 million, or 15.2%, over the prior year quarter. Revenue for the six months ended September 30, 2025 was $24.5 million, increasing approximately 18.0% over the same period last year. As of September 30, 2025, Roadzen had 46 insurance customer agreements (including carriers, self-insureds and other entities processing insurance claims), 80 automotive customer agreements, and approximately 3,900 agents and fleet customer agreements. This compares to 34 insurance, 74 automotive and 3,550 agent and fleet customers as of September 30, 2024. Roadzen’s brokerage business sold 116,528 policies during the second quarter generating $12.4 million of Gross Written Premium (“GWP”), compared to 70,618 policies in the same quarter last year, which produced $10.1 million of GWP. In our IaaS business, 754,207 claims, roadside assistance and vehicle inspections were conducted during the three months ending September 30, 2025, compared to 607,577 for the same period in the prior year. Gross margin for the quarter ended September 30, 2025 was 55.7% compared to 56.1% reported in the same quarter last year. Net Results: Net loss for the second quarter totaled $(2.1) million or $(0.03) per share, compared to a net loss of $(21.8) million or $(0.32) per share in the same quarter last year, which included approximately $19.7 million of non-cash, non-recurring and other extraordinary items. Fiscal year to date, net loss totaled $(6.1) million or $(0.08) per share, compared to a net loss of $(70.2) million or $(1.03) per share in the same period last year. Adjusted EBITDA loss for the quarter was $(1.1) million compared to a loss of $(2.1) million in the same quarter last year, and a loss of $(1.4) million for the first quarter of fiscal 2026. This second quarter marks Roadzen’s fifth sequential improvement in quarterly Adjusted EBITDA. Other Financial Developments On November 4, 2025, Roadzen reached an agreement in principle with Mizuho Securities USA LLC to extend the maturity of our existing $11.5 million senior secured debt facility by 18 months – from December 31, 2025 to June 30, 2027 – with no other change to the debt structure. During the second quarter, Roadzen secured $9 million in additional capital through several transactions, each accomplished at a premium to market, including: $2.25 million private placement from some of the Company’s largest shareholders at a 20% premium to the closing price; $2.25 million registered direct offering from an institutional investor completed on the back of the first fund raise; and $4.5 million raised through the first tranche of its India subsidiary financing, subsequently upsized to $7 million due to strong investor demand. The upsized transaction valued the subsidiary at $91 million post-money, implying approximately a $2 per share for Roadzen’s Nasdaq-listed shares. The round was led by marquee institutional investors including Team India, Quant AMC, Valentis Advisors, and Prime Securities Group, along with leading capital markets investors such as Utpal Sheth and Anand Jain. Second Fiscal Quarter 2026 Operational Highlights Contract and Partnership Announcements: Roadzen announced its partnership with a top global two-wheeler (motorcycles and scooter) OEM to launch real-time connected roadside assistance for a new line of electric and connected vehicles across India. The OEM partner serves over 100 million vehicles globally, including more than 60 million two-wheelers in India and over 5 million new vehicles sold annually in the country where two-wheelers dominate the mobility landscape. Subsequent Operational Developments DrivebuddyAI Developments: Roadzen’s DrivebuddyAI achieved official validation for its Driver Monitoring System (“DMS”) for compliance with the European Union General Safety Regulation (EU GSR 2144) by the authorized testing laboratory Applus IDIADA in Barcelona, Spain. This certification expands DrivebuddyAI’s regulatory compliance footprint beyond India’s AIS-184 standard, making it the only AI-powered driver monitoring platform validated under both Indian and European regulations. The validation comes ahead of the EU NCAP 2026 mandates requiring in-cabin driver monitoring for all new vehicles beginning July 2026. DrivebuddyAI’s dataset surpassed 3.5 billion kilometers of real-world driving data—nearly doubling in just four months. This extensive data has consistently demonstrated a 70%+ reduction in accidents, validating the platform’s ability to improve driver behavior, fleet safety, and risk management for insurers and mobility operators worldwide. DrivebuddyAI secured five-year contracts with six leading small and medium sized trucking fleets in India to equip over 1,500 Volve and BharatBenz vehicles with its advanced Driver Monitoring System and Collision Warning AI. Valued in the mid-seven figures (USD), the deals include hardware, subscription-based software, and 24-7 Command Centre for real-time driver oversight and accident prevention. Full deployment is slated for March 2026. Contract and Partnership Announcements: Roadzen was awarded a mandate to serve as a Managing General Agent for one of the world’s top five auto manufacturers to manage its insurance program in a major European market, representing over $20 million in annual GWP. Roadzen will manage administration, claims, and payments for the automaker’s insurance operations, earning fees that are expected to contribute more than 15% of GWP as recurring revenue to Roadzen. Expected to launch next quarter and powered by Roadzen’s Global Distribution Network, the agreement will deliver fully embedded digital policy management, automated claims, and real-time analytics, integrated seamlessly into the automaker’s ecosystem. Acquisition Announcement: Roadzen signed a definitive agreement to acquire majority control of a U.S.-based commercial auto insurance broker and Managing General Underwriter operating in California, Texas, Illinois, and New Jersey, with Lloyd’s of London Coverholder status. The business, which reached a $15 million annualized premium run rate within seven months, serves 90+ fleets via an expanding network of 300+ agents and adds six new carrier relationships. Post-closing, it will integrate its offerings with DrivebuddyAI and National Auto Club, combining telematics, roadside assistance, claims, and insurance distribution into a uniquely positioned U.S. commercial auto platform. Operating on a commission- and fee-based model with no underwriting risk, it earns 15–25% of premiums per policy, plus fee income and profit share. The acquisition is expected to close this quarter, is non-dilutive, projected to generate $30 million+ in annual premiums and $8 million in revenues with a 25% net margin in the first year, and scale to $150 million GWP with 25%+ net margins within three years, establishing the U.S. as Roadzen’s second-largest market. For more information about Roadzen Inc., please visit https://roadzen.ai. About Roadzen Inc. Roadzen Inc. (Nasdaq: RDZN) is a global leader in AI at the convergence of insurance and mobility. Roadzen builds technology that helps insurers, automakers, and fleets better predict and prevent risk, automate claims, and deliver seamless, embedded insurance experiences. Thousands of clients — from the world’s leading insurers, carmakers, and fleets to dealerships and agents — use Roadzen’s technology to build new products, sell insurance, process claims, and improve road safety. Roadzen’s pioneering work in telematics, generative AI, and computer vision has earned recognition from Forbes, Fortune, and Financial Express as one of the world’s top AI innovators. Headquartered in Burlingame, California, Roadzen employs more than 300 people across offices in the U.S., U.K., and India. Learn more at www.roadzen.ai. Cautionary Statement Regarding Forward Looking Statements This press release includes forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended (the “Securities Act”), and Section 21E of the Securities Exchange Act of 1934, as amended (the “Exchange Act”). We have based these forward-looking statements on our current expectations and projections about future events. These forward-looking statements are subject to known and unknown risks, uncertainties and assumptions about us that may cause our actual results, levels of activity, performance or achievements to be materially different from any future results, levels of activity, performance or achievements expressed or implied by such forward-looking statements. In some cases, you can identify forward-looking statements by terminology such as “may,” “should,” “could,” “would,” “expect,” “plan,” “anticipate,” “believe,” “estimate,” and “continue,” or the negative of such terms or other similar expressions. Such statements include, but are not limited to, statements regarding the anticipated benefits of our products and solutions, anticipated benefits and revenues from the partnership described in this press release, business growth in the U.S., U.K. and India, anticipated Adjusted EBITDA breakeven timing, strategy, demand for our products, expansion plans, future operations, future operating results, estimated revenues, losses, projected costs, prospects, plans and objectives of management, our agreement in principle to extend the maturity date of our debt with Mizuho, our ability to consummate the planned transaction with a U.S.-based commercial insurance broker, as well as all other statements other than statements of historical fact included in this press release. Factors that might cause or contribute to such a discrepancy include, but are not limited to, those described in “Risk Factors” in our Securities and Exchange Commission (“SEC”) filings, including the annual report on Form 10-K we filed with the SEC on June 26, 2025. We urge you to consider these factors, risks and uncertainties carefully in evaluating the forward-looking statements contained in this press release. All subsequent written or oral forward-looking statements attributable to our company or persons acting on our behalf are expressly qualified in their entirety by these cautionary statements. The forward-looking statements included in this press release are made only as of the date of this release. Except as expressly required by applicable securities law, we disclaim any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise. For more information, please contact: Investor Contacts: [email protected] Media Contacts: Sanya Soni [email protected] or [email protected] Non-GAAP Financial Measures This press release includes Adjusted Earnings Before Interest, Tax, Depreciation and Amortization (“Adjusted EBITDA”), a non-GAAP financial measure which excludes the impact of finance costs, taxes, depreciation and amortization and certain other items from reported net profit or loss. We believe that Adjusted EBITDA aids investors by providing an operating profit/loss without the impact of non-cash depreciation and amortization and certain non-recurring and other items to help clarify sustainability and trends affecting the business. For comparability of reporting, management considers non-GAAP measures in conjunction with U.S. GAAP financial results in evaluating business performance. Adjusted EBITDA should not be considered a substitute for, or superior to, the measures of financial performance prepared in accordance with U.S. GAAP. In addition, Adjusted EBITDA does not purport to represent cash flows provided by, or used for, operating activities in accordance with GAAP and should not be used as a measure of liquidity. Non-GAAP financial measures have limitations as analytical tools and should not be considered in isolation or as substitutes for financial information presented under GAAP. There are a number of limitations related to the use of non-GAAP financial measures versus comparable financial measures determined under GAAP. For example, other companies in our industry may calculate these non-GAAP financial measures differently or may use other measures to evaluate their performance. These limitations could reduce the usefulness of these non-GAAP financial measures as analytical tools. Investors are encouraged to review the related GAAP financial measures and the reconciliations of these non-GAAP financial measures to their most directly comparable GAAP financial measures and to not rely on any single financial measure to evaluate our business. The following table reconciles our net loss reported in accordance with U.S. GAAP to Adjusted EBITDA:

Recent media reports, originating from an AI-generated article on The Motley Fool and widely syndicated, misstated Roadzen’s analyst expectations as over $21 million in Q1 revenue, implying a revenue miss of more than 50%. Roadzen clarifies that these figures were never issued by its covering analysts, and that its record first quarter — the strongest Q1 in Company history — was in line with its operating plan and market estimates. NEW YORK, Aug. 18, 2025 (GLOBE NEWSWIRE) -- Roadzen Inc. (Nasdaq: RDZN) ("Roadzen" or the "Company”), a global leader in AI at the convergence of insurance and mobility, today clarified its fiscal first quarter 2026 results following inaccurate reporting by certain media outlets. Strong Q1 Results On August 13, 2025, after market close, Roadzen reported record first-quarter revenue of $10.9 million, up 22% year-over-year, along with continued sequential improvement in Adjusted EBITDA, which was a full quarter ahead of analyst expectations, and Q1 FY2026 GAAP EPS of $(0.05). These results were largely consistent with expectations from the analysts who actively cover the Company. Inaccurate Media Reports On August 14, The Motley Fool published an AI-generated article — later syndicated across Nasdaq.com, AOL, and several other widely read platforms — that incorrectly stated analyst revenue expectations for Roadzen’s Q1 were more than $21 million, implying the Company had missed estimates by over 50%. These figures were not issued by Roadzen’s covering analysts and had no factual basis. Roadzen reiterates that its reported revenue of $10.9 million — modestly below estimates of $11.4 million (a 4.8% variance) — and GAAP EPS of $(0.05) were in line with analyst expectations. Corrections and Retractions On August 15, The Motley Fool corrected its article and added an editor’s note acknowledging that incorrect analyst estimates had been used. The Nasdaq version of the article has since been removed. The analysts who cover Roadzen — Allen Klee of Maxim and Ashok Kumar of ThinkEquity — both carry “Buy” ratings, with price targets of $4 and $5 respectively. Rohan Malhotra, CEO and Founder of Roadzen, commented, “We delivered a solid quarter across all fronts, and remain focused on growing the business and creating long-term value for our investors.” About Roadzen Inc. Roadzen Inc. (Nasdaq: RDZN) is a global technology company transforming auto insurance using advanced artificial intelligence (AI). Thousands of clients, from the world’s leading insurers, carmakers, and fleets to dealerships and auto insurance agents, use Roadzen’s technology to build new products, sell insurance, process claims, and improve road safety. Roadzen’s pioneering work in telematics, generative AI, and computer vision has earned recognition as a top AI innovator by publications such as Forbes, Fortune, and Financial Express. Roadzen’s mission is to continue advancing AI research at the intersection of mobility and insurance, ushering in a world where accidents are prevented, premiums are fair, and claims are processed within minutes, not weeks. Headquartered in Burlingame, California, the Company has 323 employees across its global offices in the U.S., U.K. and India. To learn more, please visit www.roadzen.ai. Cautionary Statement Regarding Forward Looking Statements This press release includes forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended (the “Securities Act”), and Section 21E of the Securities Exchange Act of 1934, as amended (the “Exchange Act”). We have based these forward-looking statements on our current expectations and projections about future events. These forward-looking statements are subject to known and unknown risks, uncertainties and assumptions about us that may cause our actual results, levels of activity, performance or achievements to be materially different from any future results, levels of activity, performance or achievements expressed or implied by such forward-looking statements. In some cases, you can identify forward-looking statements by terminology such as “may,” “should,” “could,” “would,” “expect,” “plan,” “anticipate,” “believe,” “estimate,” and “continue,” or the negative of such terms or other similar expressions. Such statements include, but are not limited to, statements regarding the anticipated benefits of our products and solutions, anticipated benefits and revenues from the partnership described in this press release, business growth in the U.S., U.K. and India, anticipated Adjusted EBITDA breakeven timing, strategy, demand for our products, expansion plans, future operations, future operating results, estimated revenues, losses, projected costs, prospects, plans and objectives of management, as well as all other statements other than statements of historical fact included in this press release. Factors that might cause or contribute to such a discrepancy include, but are not limited to, those described in “Risk Factors” in our Securities and Exchange Commission (“SEC”) filings, including the annual report on Form 10-K we filed with the SEC on June 26, 2025. We urge you to consider these factors, risks and uncertainties carefully in evaluating the forward-looking statements contained in this press release. All subsequent written or oral forward-looking statements attributable to our company or persons acting on our behalf are expressly qualified in their entirety by these cautionary statements. The forward-looking statements included in this press release are made only as of the date of this release. Except as expressly required by applicable securities law, we disclaim any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise. For more information, please contact: Investor Contacts: [email protected] Media Contacts: Sanya Soni [email protected] or [email protected]

1. Record Fiscal Q1 Revenue Sets Stage for the Year Ahead First quarter fiscal 2026 revenue increased 22% to $10.9 million from $8.9 million last year – the strongest first quarter revenue on record for Roadzen, driven by growth in India and the U.S., along with the resumption of U.K. business opportunities. 2. Significantly Narrowed Net Loss and Fourth Straight Quarter of Adjusted EBITDA1 Improvement Net loss narrowed to $(4.0) million from $(48.4) million in the first quarter last fiscal year, a 92% year-over-year improvement. Adjusted EBITDA loss improved to $(1.4) million from $(2.8) million the prior year — a 50% year-over-year improvement — marking the fourth consecutive quarter of sequential gains as the Company moves toward Adjusted EBITDA breakeven within this fiscal year. 3. Balance Sheet Strengthened Through Capital Raised at a Premium, Anchored by Roadzen’s Major Shareholders in July Subsequent to the fiscal Q1 end, in the last week of July 2025, Roadzen closed two securities purchase transactions totaling approximately $4.5 million. The first transaction was priced at $1.25 per share, a 20% premium to market and led by Roadzen’s major shareholders; the second transaction was priced at $1.30 per share, both indicating strong investor confidence in the Company’s trajectory. NEW YORK, Aug. 13, 2025 (GLOBE NEWSWIRE) -- Roadzen Inc. (Nasdaq: RDZN) ("Roadzen" or the "Company”), a global leader in AI at the convergence of insurance and mobility, today announced its financial results for the three-months ended June 30, 2025, its first quarter of fiscal year 2026. “Roadzen delivered a record first quarter, with revenue up more than 22% year-over-year and our fourth consecutive quarter of improving Adjusted EBITDA, moving us significantly further along our path to breakeven,” said Rohan Malhotra, CEO and founder of Roadzen. “Q1 is typically our slowest quarter of the year due to seasonality, so this level of growth marks an important inflection point for us. The foundation we’ve built — stronger operations, a cleaner balance sheet, and a robust global client base — positions us to deliver the best year in our history.” Malhotra continued, “We have multiple catalysts ahead, from the greenshoots in our U.K. business to regulatory tailwinds driving adoption of DrivebuddyAI in India, and expanding partnerships with some of the world’s largest insurers, automakers, and fleets as they choose Roadzen to bring AI to their operations. We believe the value we’re creating — through innovation, disciplined execution, and strategic growth — will be reflected in both our results and our market valuation. We ask investors to track three things this year: our growth on the path to breakeven, the continued strengthening of our balance sheet, and the innovations that reinforce our leadership as the leading AI company in insurance. This is a golden age of AI, and our mission is to power it — building solutions that transform the way mobility is insured worldwide.” “This quarter’s results reflect the financial rigor and structural improvements we’ve worked hard to implement over the past year,” said Jean-Noël Gallardo, Chief Financial Officer of Roadzen. “We’ve significantly reduced operating expenses and brought more predictability to our financial model—all while supporting growth in strategic areas. Through a combination of disciplined cost management and targeted capital raises, we now have a clear path to reach Adjusted EBITDA breakeven.” Mr. Gallardo added, “As our revenue base expands and costs remain controlled, we expect continued margin expansion and improved cash flow dynamics. We’re focused on maintaining this momentum and delivering sustainable, long-term value for our shareholders.” First Fiscal Quarter 2026 Financial Highlights: Revenue and Key Performance Indicators: Record first quarter revenue totaling $10.9 million from $8.9 million, an increase of 22% over the prior year period, reflecting incremental revenue from the U.S. market and continuing growth in India. Brokerage solutions accounted for 53% of total revenue, increasing $2.6 million, or 86% over the prior year, while IaaS revenue accounted for the remaining 47% of revenue, decreasing $0.7 million, or 12% over the prior year. As of June 30, 2025, Roadzen had 34 insurance customer agreements (including carriers, self-insureds and other entities processing insurance claims), compared to 34 as of June 30, 2024. There were 78 automotive customer agreements at the end of the quarter, compared to 71 last June. We had approximately 3,800 agents and fleet customer agreements compared to 3,400 as of June 30, 2024. In the brokerage business, 104,675 policies were sold during the first quarter, generating $13.9 million in Gross Written Premium (“GWP”), compared to 99,695 policies sold in the same quarter last year, and $11.5 million of GWP. In our IaaS business, 462,277 claims and vehicle inspections were processed using our AI solutions during the first quarter compared to 547,233 the prior year first quarter. Gross margin for the quarter ended June 30, 2025 was 58.9%, up significantly from 39.2% reported in the prior fiscal year first quarter. Operating Expenses: Operating expenses for the three months ended June 30, 2025, excluding Cost of Service and Depreciation and Amortization, totaled $8.8 million, a decrease of approximately $25.0 million or 74% from the prior fiscal first quarter. Included in last year’s operating expenses was $26.2 million of non-cash equity compensation expense related to RSUs granted to employees on September 18, 2023. These RSUs were fully recognized in the Company’s last fiscal year. Loss from operations totaled $2.5 million, a 92% improvement from the prior year period of $30.4 million. Other expenses totaled approximately $1.5 million in the first quarter, compared to $18.0 million in the prior first quarter which included $17.2 million of non-cash expense related to fair market valuation adjustments of financial instruments. Net Results: Net loss for the first fiscal quarter ended June 30, 2025 totaled $(4.0) million or $(0.05) per share compares to a net loss of $(48.4) million or $(0.71) per share in the prior first quarter, which included approximately $17.2 million of fair value loss calculation on financial instruments. Adjusted EBITDA loss for the first quarter totaled $1.4 million compared to a loss of $2.8 million in the prior fiscal year period. This first quarter marks Roadzen’s fourth sequential improvement in quarterly Adjusted EBITDA. Subsequent Financial Events: On July 24, 2025, the Company announced it raised $2.25 million through a private placement of its ordinary shares to four of Roadzen’s largest shareholders. A total of 1.8 million shares were issued at $1.25 per share, which was priced at approximately 20% premium to the market at the time of the close. The shares are subject to a six-month holding period under Rule 144 of the Securities Act. Simultaneously, as a show of alignment with shareholders, Roadzen’s CEO and entire leadership team deferred the vesting of their RSUs until September 2026. On July 29, 2025, Roadzen raised an additional $2.25 million through a registered direct offering with an institutional investor for 1.7 million ordinary shares priced at $1.30 per share. First Quarter 2026 Operational Highlights Product Advances and Patent Awards: DrivebuddyAI, Roadzen’s ADAMATICS platform announced in April that it was positioned to benefit from India’s new road safety regulations issued by India’s Ministry of Road Transport and Highways (MoRTH). The regulations, expected to be adopted imminently, mandate the installation of Driver Drowsiness and Attention Warning Systems (DDAWS) under AIS 184, along with other critical road safety features beginning April 2026. Roadzen’s DrivebuddyAI is the first and continues to be the only system validated by the Automotive Research Association of India (“ARAI”) testing authority to meet the new standard. June 3, 2025, DrivebuddyAI was awarded patent in India for its real-time driver drowsiness detection algorithm. Leveraging AI and computer vision to monitor over 92 real-time eye and facial cues, enables early detection of driver fatigue and triggers instant alerts – preventing accidents before they occur. June 3, 2025, DrivebuddyAI surpassed 1.8 billion kilometers of real-world driving data—an 80% increase in just six months—while helping commercial fleets reduce on-road accidents by over 72%. Contract Announcement: June 17, 2025, Roadzen announced that SHV Energy Pvt Ltd (“SUPERGAS”), a leading LPG company in India wholly owned by global energy giant SHV Energy, will equip its truck fleet with DrivebuddyAI. Installation is on track for completion by September 30, 2025. May 6, 2025, Roadzen’s U.K. subsidiary, Global Insurance Management Limited (“GIM”) partnered with Vodafone Automotive, one of the world’s largest telematics providers to deliver an integrated, technology-led vehicle protection solution that combines real-time telematics-enabled asset tracking with Guaranteed Asset Protection (“GAP”) insurance. This launch is expected to resume GIM’s business growth in the U.K. Subsequent Fiscal 2026 Operational Developments Contract and Partnership Announcements: August 7, 2025, Roadzen onboards U.K.’s leading automotive finance broker, Motion Finance, to deliver Return to Invoice (RTI) GAP Insurance to customers financing vehicles through Motion Finance. Leveraging Roadzen’s Global Distribution Network (GDN) platform, the solution embeds GAP Insurance seamlessly into the vehicle financing journey for Motion — enabling real-time policy pricing, issuance, payments, and claims through integrated APIs within Motion’s digital finance tools and point-of-sale systems. This announcement marks the third high-profile partnership in three months within the UK which is poised to deliver accelerated growth and capture new market opportunities. July 17, 2025, Roadzen announced its partnership with a top global two-wheeler (motorcycles and scooter) OEM to launch real-time connected roadside assistance for a new line of electric and connected vehicles across India. The OEM partner serves over 100 million vehicles globally, including more than 60 million two-wheelers in India and over 5 million new vehicles sold annually in the country where two-wheelers dominate the mobility landscape. July 15, 2025, Roadzen’s U.K. subsidiary, Global Insurance Management Limited (“GIM”) partnered with one of the U.K.’s largest independent retailers of nearly new cars and vans to offer GAP Insurance to its 60,000+ annual vehicle buyers. Roadzen is responsible for customer engagement, activation, and policy servicing powered by Roadzen’s Global Distribution Network (GDN) platform that enables real-time pricing, policy issuance, payment collection, and claims processing — all through a single seamless digital interface that embeds insurance directly into point-of-sale systems across independent dealer networks globally. General Interest: July 16, 2025, Roadzen was named as a leading company in the Insurtech category of CNBC and Statista’s 2025 list of the World’s Top Fintech Companies — a recognition that underscores Roadzen’s pioneering role in transforming insurance through artificial intelligence and advanced data science. For more information about Roadzen Inc., please visit https://roadzen.ai/ About Roadzen Inc. Roadzen Inc. (Nasdaq: RDZN) is a global technology company transforming auto insurance using advanced artificial intelligence (AI). Thousands of clients, from the world’s leading insurers, carmakers, and fleets to dealerships and auto insurance agents, use Roadzen’s technology to build new products, sell insurance, process claims, and improve road safety. Roadzen’s pioneering work in telematics, generative AI, and computer vision has earned recognition as a top AI innovator by publications such as Forbes, Fortune, and Financial Express. Roadzen’s mission is to continue advancing AI research at the intersection of mobility and insurance, ushering in a world where accidents are prevented, premiums are fair, and claims are processed within minutes, not weeks. Headquartered in Burlingame, California, the Company has 323 employees across its global offices in the U.S., U.K. and India. To learn more, please visit www.roadzen.ai. Cautionary Statement Regarding Forward Looking Statements This press release includes forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended (the “Securities Act”), and Section 21E of the Securities Exchange Act of 1934, as amended (the “Exchange Act”). We have based these forward-looking statements on our current expectations and projections about future events. These forward-looking statements are subject to known and unknown risks, uncertainties and assumptions about us that may cause our actual results, levels of activity, performance or achievements to be materially different from any future results, levels of activity, performance or achievements expressed or implied by such forward-looking statements. In some cases, you can identify forward-looking statements by terminology such as “may,” “should,” “could,” “would,” “expect,” “plan,” “anticipate,” “believe,” “estimate,” and “continue,” or the negative of such terms or other similar expressions. Such statements include, but are not limited to, statements regarding the anticipated benefits of our products and solutions, anticipated benefits and revenues from the partnership described in this press release, business growth in the U.S., U.K. and India, anticipated Adjusted EBITDA breakeven timing, strategy, demand for our products, expansion plans, future operations, future operating results, estimated revenues, losses, projected costs, prospects, plans and objectives of management, as well as all other statements other than statements of historical fact included in this press release. Factors that might cause or contribute to such a discrepancy include, but are not limited to, those described in “Risk Factors” in our Securities and Exchange Commission (“SEC”) filings, including the annual report on Form 10-K we filed with the SEC on June 26, 2025. We urge you to consider these factors, risks and uncertainties carefully in evaluating the forward-looking statements contained in this press release. All subsequent written or oral forward-looking statements attributable to our company or persons acting on our behalf are expressly qualified in their entirety by these cautionary statements. The forward-looking statements included in this press release are made only as of the date of this release. Except as expressly required by applicable securities law, we disclaim any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise. For more information, please contact: Investor Contacts: [email protected] Media Contacts: Sanya Soni [email protected] or [email protected] ***Financial Statements Follow *** Non-GAAP Financial Measures This press release includes Adjusted Earnings Before Interest, Tax, Depreciation and Amortization (“Adjusted EBITDA”), a non-GAAP financial measure which excludes the impact of finance costs, taxes, depreciation and amortization and certain other items from reported net profit or loss. We believe that Adjusted EBITDA aids investors by providing an operating profit/loss without the impact of non-cash depreciation and amortization and certain non-recurring and other items to help clarify sustainability and trends affecting the business. For comparability of reporting, management considers non-GAAP measures in conjunction with U.S. GAAP financial results in evaluating business performance. Adjusted EBITDA should not be considered a substitute for, or superior to, the measures of financial performance prepared in accordance with U.S. GAAP. In addition, Adjusted EBITDA does not purport to represent cash flows provided by, or used for, operating activities in accordance with GAAP and should not be used as a measure of liquidity. Non-GAAP financial measures have limitations as analytical tools and should not be considered in isolation or as substitutes for financial information presented under GAAP. There are a number of limitations related to the use of non-GAAP financial measures versus comparable financial measures determined under GAAP. For example, other companies in our industry may calculate these non-GAAP financial measures differently or may use other measures to evaluate their performance. These limitations could reduce the usefulness of these non-GAAP financial measures as analytical tools. Investors are encouraged to review the related GAAP financial measures and the reconciliations of these non-GAAP financial measures to their most directly comparable GAAP financial measures and to not rely on any single financial measure to evaluate our business. The following table reconciles our net loss reported in accordance with U.S. GAAP to Adjusted EBITDA: 1 Adjusted EBITDA is a non-GAAP financial metric. See “Non-GAAP Financial Measures” at the end of this press release for more information, including a reconciliation to the nearest GAAP financial measure.

Roadzen enters Fiscal Year 2026 with Momentum and Improved Operating Leverage Driven by Strong Performance in the U.S. and India and a $300+Million Pipeline Key Highlights – Fiscal Year 2025 ___________________________ 1 Adjusted EBITDA is a non-GAAP financial metric. See “Non-GAAP Financial Measures” at the end of this press release for more information, including a reconciliation to the nearest GAAP financial measure. NEW YORK, June 26, 2025 (GLOBE NEWSWIRE) -- Roadzen Inc. (Nasdaq: RDZN) ("Roadzen" or the "Company”), a global leader in AI at the convergence of insurance and mobility, today announced its financial results for the Fiscal Year ended March 31, 2025. Rohan Malhotra, Founder & CEO of Roadzen Inc., commented, “I’m proud of how our team delivered over the past year. Despite a pause in the U.K. that impacted nearly 40% of our then revenues — approximately $27 million annually — we achieved roughly flat revenues for the year and returned to 13.3% year-over-year growth in Q4, a strong signal of the resilience of our business. We expect this momentum to continue sequentially as we execute on a robust and growing pipeline. We also delivered sequentially lower Adjusted EBITDA loss and almost achieved GAAP breakeven, reflecting a disciplined execution path.” Malhotra continued, “With the U.K. business back online and continued strength in the U.S. and India, we enter FY2026 with renewed momentum. DrivebuddyAI is gaining strong commercial traction and regulatory validation, and we see it unlocking over $200 million worth of revenue opportunities in the market over time, as the Indian government adopt new road safety mandates at scale.” Mr. Malhotra concluded: “We are targeting Adjusted EBITDA breakeven within the next two quarters, depending on revenue mix and geography — a milestone we believe is well within reach given the strength and visibility of our pipeline and the major growth catalysts now in motion; we are confident in our trajectory toward profitability and sustained growth.” Jean-Noël Gallardo, CFO of Roadzen added, “Our primary objectives for FY2025 were to simplify and right-size the balance sheet, reduce operating costs, and grow revenues. We’ve made clear progress across all three — notably, total liabilities were reduced by approximately 15% since March 31, 2024, and operating costs decreased by 19%. We also reduced total headcount by 19% to 308, as we continue to leverage AI to create operating leverage across the business.” Gallardo continued, “Our work on the balance sheet remains ongoing. We expect to continue negotiating down the public listing-related payables — as we’ve done successfully this past year at roughly 25 cents on the dollar — which represents a major deleveraging milestone. As we grow the business and clean up the balance sheet, we expect the fundamental value of the Company to come through. We will remain highly disciplined on dilution and focused on protecting our shareholders as we execute this plan.” Financial Highlights P&L Revenue and Key Performance Indicators: Revenue for the Fiscal Year ended March 31, 2025, was $44.3 million compared to $46.7 million for the previous fiscal year. The 5.2% revenue decrease was primarily due to the temporary countrywide suspension of GAP insurance sales by the U.K. Customer count increased within each segment during the year. As of March 31, 2025, Roadzen had 34 insurance customer agreements (including carriers, self-insureds and other entities processing insurance claims), 78 automotive customer agreements, and approximately 3,800 agents and fleet customer agreements. Operating Expenses: Operating expenses for the twelve months ended March 31, 2025, excluding Cost of Services and Depreciation and Amortization, totaled $84.3 million, a decrease of $19.8 million, or 19%, from the prior fiscal year. Excluding the non-cash Restricted Stock Unit (RSU) charges, operating expenses were $37.0 million in FY2025 compared to $47.8 million in FY2024, a $10.8 million, or 23%, improvement. Net Results: The Company incurred a net loss for the fiscal year ended March 31, 2025 of $72.9 million, or $1.04 per share, of which $66.9 million were non-cash expenses. These include non-cash RSU charges of $47.2 million, a non-cash loss on fair value of the Company’s financial instruments (Forward Purchase Agreement, convertible promissory notes and warrants) of $14.8 million and a total of $4.9 million related to depreciation, amortization, impairment of investments and other non-cash items. This compares to a net loss of $99.7 million, or $2.26 per share, in the prior fiscal year, of which $80.3 million were non-cash expenses. These included similar non-cash RSU charges totaling $56.3 million, a non-cash loss on financial instruments of $19.5 million and a total of $4.5 million for depreciation, amortization, impairment of investments and other non-cash items. Excluding these non-cash charges, the Company’s net losses were $5.9 million and $19.4 million in fiscal years 2025 and 2024 respectively, a 70% improvement year-over-year. Adjusted EBITDA loss for FY2025 totaled $8.4 million as compared to a FY2024 loss of $10.2 million. Fourth Quarter Adjusted EBITDA loss narrowed to $1.6 million from $2.1 million loss in the prior year period, and $1.9 million loss in the third Quarter. Balance Sheet Assets: Total assets as of March 31, 2025, were $32.6 million. This represents a decrease of $25.6 million from the previous fiscal year end, driven by a $20.2 million reduction in the fair market valuation of its Forward Purchase Agreement. Liabilities: Total liabilities as of March 31, 2025 decreased by $10.4 million, to $58.3 million, compared to fiscal year end 2024, driven by a reduction in payables of $8.2 million, or 21%. On March 31, 2025, the Company held approximately $0.1 million in long-term debt, down from $1.5 million at the previous fiscal year end. Capitalization: As of March 31, 2025, the Company had approximately 74.3 million Ordinary Shares outstanding, an increase of 5.9 million shares from the prior fiscal year-end as a result of two public equity deals. At fiscal year-end, executive management and Board owned approximately 26.9% of the Company’s outstanding shares. Fourth Quarter Financial Developments On January 6, 2025, Roadzen closed a public offering of 2,222,300 ordinary shares priced at $2.25 per share, generating gross proceeds of approximately $5.0 million. This followed Roadzen’s first public offering two weeks prior of 2,300,000 shares at $1.25 per share. On February 4, 2025, the Company provided an update on its balance sheet clean-up initiative launched July 2024, whereby it eliminated a total of $12.6 million in short-term liabilities over the prior six months, utilizing $1.65 million in cash and approximately 1.2 million shares priced at $2.80 per share. On March 31, 2025, the Company entered in into a securities purchase agreement with an institutional investor under which the Company agreed to issue and sell, in a registered public offering, junior convertible notes for up to an aggregate principal amount of $2,300,000 that may be convertible into the Company’s Ordinary Shares. Full-Year 2025 Significant Operational Highlights Product Launch: MixtapeAI October 30, 2024, Roadzen’s AI Labs unveiled MixtapeAI, a platform designed to power AI agents and transform customer interactions to empower insurers, brokers, agents, carmakers, and fleets to deliver natural, intelligent, personalized, quick and secure customer responses, while automating complex workflows across multiple touchpoints. January 28, 2025, MixtapeAI was upgraded with DeepSeekR1, a leading open-source reasoning model offering advanced capabilities, full traceability, and lower costs — supporting data sovereignty at scale. March 6, 2025, MixtapeAI won “Best AI in Deep Tech” at the Entrepreneur AI Awards 2025 for transforming customer experience in auto insurance and mobility. Patents and Certifications: March 11, 2025, Roadzen’s DrivebuddyAI was awarded a patent in India for its computer vision and AI-based Cognitive Assessment of Risk for Drivers (“CARD”) scoring system – a comprehensive and simultaneous analysis of numerous hazard potentials via a clustering algorithm. By precisely ‘weighting’ each risk factor and providing real-time insights, DrivebuddyAI empowers fleets to proactively enhance safety and efficiency. December 6, 2024, DrivebuddyAI became the first AI-powered driver safety system to receive Automotive Research Association of India (“ARAI”) certification under India’s Automotive Industry Standard 184 (AIS184) – an upcoming regulation expected to apply to all 4 million commercial vehicles in India by 2026. FY2025 New Key Contracts, Partnerships and Collaborations: December 19, 2024, Roadzen’s DrivebuddyAI joined Bosch’s Logistics Operating System (L.OS) as a partner, expanding reach for Roadzen’s ADAS and driver monitoring systems across India’s commercial vehicle market. First orders are underway and growing. December 11, 2024, Roadzen signed a MoU with Cimarron Underwriters, LLC to secure nationwide Managing General Agent licenses and infrastructure to expand the distribution of its insurance offerings across all 50 U.S. States. December 10, 2024, Roadzen was contracted by Motive, a top U.S. AI-powered fleet management company, to provide 24/7 roadside assistance for its network of over one million vehicles. According to data from the American Trucking Association, approximately 20% to 30% of commercial trucks in the U.S. require roadside assistance each year. June 25, 2024, Roadzen was chosen by Oriental Insurance Company Ltd., India’s 6th largest insurer, to deliver AI-powered claims processing for 50,000+ claims annually – with potential for significant growth upon the successful demonstration of faster processing speed, lower loss ratio and enhanced customer experience. December 31, 2024, Roadzen partnered with Simple Energy, a top premium EV manufacturer building high-range electric two-wheelers, and a leading global reinsurer to offer extended warranties for Simple Energy vehicles. The reinsurer provides the underwriting capacity and is responsible for paying claims, while Roadzen serves as program administrator, delivering a seamless AI-powered purchase-to-claims experience for Simple Energy’s customers. June 12, 2024, Roadzen partnered with a leading commercial auto-focused agency network in India and onboarded its 1,200-person salesforce onto the Roadzen’s platform in 36 hours. April 29, 2024, Roadzen was awarded a 5-year contract from Dalmia Transport & Logistics, one of India’s largest logistics fleet operators, to install Roadzen’s DrivebuddyAI technology across its entire fleet. Subsequent FY2026 Operational Developments Product Advances and Patent Awards: DrivebuddyAI, Roadzen’s ADAMATICS platform integrates advanced driver assistance, AI, machine learning, and video telematics to deliver real-time monitoring, predictive analytics, audio alerts, incident tagging, and proactive collision avoidance. April 1, 2025, Roadzen announced that it was positioned to benefit from India’s new road safety regulations issued by India’s Ministry of Road Transport and Highways (MoRTH). The regulations, expected to be adopted imminently, mandate the installation of Driver Drowsiness and Attention Warning Systems (DDAWS) under AIS184, along with other critical road safety features beginning April 2026. June 3, 2025, DrivebuddyAI was awarded a patent in India for its real-time driver drowsiness detection algorithm. Leveraging AI and computer vision to monitor over 92 real-time eye and facial cues, enables early detection of driver fatigue and triggers instant alerts – intended to prevent accidents before they occur. June 3, 2026, DrivebuddyAI surpassed 1.8 billion kilometers of real-world driving data — an 80% increase in six months — and helped commercial fleets achieve over a 72% reduction in on-road accidents. Contract Announcement: June 17, 2025, Roadzen announced that SHV Energy Pvt Ltd (“SUPERGAS”), a leading LPG company in India wholly owned by global energy giant SHV Energy, will equip its truck fleet with DrivebuddyAI. Installation is set for completion by September 30, 2025. May 6, 2025, Roadzen’s U.K. subsidiary, Global Insurance Management Limited (“GIM”) partnered with Vodafone Automotive, one of the world’s largest telematics providers, to deliver an integrated, technology-led vehicle protection solution that combines real-time telematics-enabled asset tracking with GAP insurance. With U.K. dealerships already onboarding, this launch marks the resumption of GIM’s growth in the U.K. following a period of regulatory transition. General Interest: June 10, 2025, Roadzen’s DrivebuddyAI platform was featured in the latest InCabin Report & Vision System Market Map, an influential publication globally recognized as the definitive benchmark for cutting-edge advancements in in-cabin technologies. DrivebuddyAI joins a select group of technologies recognized for setting the global standard for safety and intelligence inside vehicles. For more information about Roadzen Inc., please visit https://roadzen.ai/ About Roadzen Inc. Roadzen Inc. (Nasdaq: RDZN) is a global technology company transforming auto insurance using advanced artificial intelligence (AI). Thousands of clients, from the world’s leading insurers, carmakers, and fleets to dealerships and auto insurance agents, use Roadzen’s technology to build new products, sell insurance, process claims, and improve road safety. Roadzen’s pioneering work in telematics, generative AI, and computer vision has earned recognition as a top AI innovator by publications such as Forbes, Fortune, and Financial Express. Roadzen’s mission is to continue advancing AI research at the intersection of mobility and insurance, ushering in a world where accidents are prevented, premiums are fair, and claims are processed within minutes, not weeks. Headquartered in Burlingame, California, the Company has 308 employees across its global offices in the U.S., U.K. and India. To learn more, please visit www.roadzen.ai. Cautionary Statement Regarding Forward Looking Statements This press release includes forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended (the “Securities Act”), and Section 21E of the Securities Exchange Act of 1934, as amended (the “Exchange Act”). We have based these forward-looking statements on our current expectations and projections about future events. These forward-looking statements are subject to known and unknown risks, uncertainties and assumptions about us that may cause our actual results, levels of activity, performance or achievements to be materially different from any future results, levels of activity, performance or achievements expressed or implied by such forward-looking statements. In some cases, you can identify forward-looking statements by terminology such as “may,” “should,” “could,” “would,” “expect,” “plan,” “anticipate,” “believe,” “estimate,” and “continue,” or the negative of such terms or other similar expressions. Such statements include, but are not limited to, statements regarding the anticipated benefits of our products and solutions, anticipated benefits and revenues from the contracts and other initiatives described in this press release, strategy, demand for our products, pipeline, expansion plans, future operations, future operating results, estimated revenues, losses, projected costs, prospects, plans and objectives of management, as well as all other statements other than statements of historical fact included in this press release. Factors that might cause or contribute to such a discrepancy include, but are not limited to, those described in “Risk Factors” in our Securities and Exchange Commission (“SEC”) filings, including the annual report on Form 10-K we are filing with the SEC on or about the date hereof. We urge you to consider these factors, risks and uncertainties carefully in evaluating the forward-looking statements contained in this press release. All subsequent written or oral forward-looking statements attributable to our company or persons acting on our behalf are expressly qualified in their entirety by these cautionary statements. The forward-looking statements included in this press release are made only as of the date of this release. Except as expressly required by applicable securities law, we disclaim any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise. For more information, please contact: Investor Contacts: [email protected] Media Contacts: Sanya Soni [email protected] or [email protected] Financial Statements Follow Non-GAAP Financial Measures This press release includes Adjusted Earnings Before Interest, Tax, Depreciation and Amortization (Adjusted EBITDA”), is a non-GAAP financial measure which excludes the impact of finance costs, taxes, depreciation and amortization and certain other items from reported net profit or loss. We believe that Adjusted EBITDA aids investors by providing an operating profit/loss without the impact of non- cash depreciation and amortization and certain other items to help clarify sustainability and trends affecting the business. For comparability of reporting, management considers non-GAAP measures in conjunction with U.S. GAAP financial results in evaluating business performance. Adjusted EBITDA should not be considered a substitute for, or superior to, the measures of financial performance prepared in accordance with U.S. GAAP. In addition, Adjusted EBITDA does not purport to represent cash flow provided by, or used for, operating activities in accordance with GAAP and should not be used as a measure of liquidity. Non-GAAP financial measures have limitations as analytical tools and should not be considered in isolation or as substitutes for financial information presented under GAAP. There are a number of limitations related to the use of non-GAAP financial measures versus comparable financial measures determined under GAAP. For example, other companies in our industry may calculate these non-GAAP financial measures differently or may use other measures to evaluate their performance. These limitations could reduce the usefulness of these non-GAAP financial measures as analytical tools. Investors are encouraged to review the related GAAP financial measures and the reconciliations of these non-GAAP financial measures to their most directly comparable GAAP financial measures and to not rely on any single financial measure to evaluate our business. The following table reconciles our net loss reported in accordance with U.S. GAAP to Adjusted EBITDA