OnMobile Global Limited has submitted its audited financial results for the quarter and year ended March 31, 2026, to the stock exchanges. The results were published in newspapers on May 20, 2026. For the quarter ended March 31, 2026, the company posted a consolidated net loss of INR 365.34 million, compared to a net loss of INR 79.32 million in the same quarter of the previous year. Q4 consolidated revenue stood at INR 1,276.73 million, down from INR 1,562.22 million on a year-on-year basis. For the full fiscal year, the company reported a consolidated net loss of INR 114.86 million, narrowing significantly from a net loss of INR 405.41 million in the previous year. Total consolidated income for the year stood at INR 5,717.82 million, compared to INR 5,782.93 million in FY25.

Financial Performance

The standalone financial results for the year ended March 31, 2026, showed a net loss of INR 35.49 million, compared to a net profit of INR 84.45 million in the previous year. Revenue from operations for the year was INR 1,801.60 million, a decrease from INR 2,393.13 million in the previous year. The company recorded an impairment loss of INR 468.40 million on financial assets and contract assets during the year due to the termination of a revenue contract with a specific party. The following table summarises the key financial metrics for the period:

The following table highlights the Q4 year-on-year performance:

Operational Highlights

For the full fiscal year FY26, the company reported an EBITDA of INR 297 million, representing a growth of 110.6% year-on-year. The Gross Margin for FY26 improved to 52.7%, up from 46.7% in FY25. Excluding the impairment provision, the Profit After Tax (PAT) for FY26 was INR 353 million. In Q4 FY26, PAT excluding impairment was INR 103 million. The company noted that its gaming subscriber base reached 14.3 million, a growth of 34.5% year-on-year.

Board Decisions

The Board of Directors, in its meeting held on May 18, 2026, approved the audited financial results. Additionally, the Board appointed Leo Matthew Olebe as an Additional Director in the category of Independent Director for a term of five years effective May 18, 2026, subject to shareholder approval. The Board also re-appointed M/s. Ernst & Young LLP as Internal Auditors for FY 26-27.

OnMobile Global Limited has appointed Leo Matthew Olebe as an Additional Director in the category of Independent Director, effective May 18, 2026. The decision was made by the company's Board of Directors during its meeting held on Monday, May 18, 2026, based on the recommendation of the Nomination and Compensation Committee. The appointment is subject to the approval of the shareholders.

Appointment Details

Leo Matthew Olebe (DIN: 11698973) has been appointed to the Board for a term of five years, effective from May 18, 2026, to May 17, 2031. The appointment follows the regulations stipulated by the Securities and Exchange Board of India (SEBI). The company has disclosed that there are no relationships between the new director and other directors that require disclosure.

Professional Background

The appointee brings extensive experience in the technology and gaming sectors. Leo Matthew Olebe has 26 years of experience driving revenue at major corporations such as Microsoft, Google, Meta, and Disney. His previous roles include Vice President of Global Partnerships at Xbox, where he contributed to transforming it into a 500-million-user cloud ecosystem. He also served as Managing Director, leading partnerships and business development for Google Play's gaming business.

Key Roles and Experience

Leo Matthew Olebe currently serves as a Venture Partner at Griffin, which has over $1.5 billion in Assets Under Management (AUM). He is also the Co-Founder and President of a gaming studio and the Principal of Olebe Media Group. His advisory portfolio includes private equity, family-office, and creative-agency clients. He has worked on major franchises such as Star Wars, Marvel, and The Matrix.

Board Memberships

Apart from his new role at OnMobile Global Limited, Leo Matthew Olebe serves on the boards of several organizations. He is the Chair of Games for Change and a board member of Maestro Media, The Strong, Endless, and Occidental College. He holds an MBA from USC Marshall and a BA from Occidental College.