Apex Frozen Foods Limited has made available the audio recording of its investors' conference call held on February 16, 2026, discussing the company's Q3FY26 financial results. The recording, available on the company's website at www.apexfrozenfoods.in , covers discussions on the un-audited financial results for the third quarter and nine months ended December 31, 2025.

Regulatory Compliance and Disclosure

The company submitted the audio recording availability notice to both BSE and NSE on February 16, 2026, in compliance with Regulation 30 and 46(2)(ao) of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The notification was digitally signed by Managing Director Karuturi Subrahmanya Chowdary.

Outstanding Q3FY26 Financial Performance

The earnings call discussed the company's exceptional financial performance for Q3FY26 and 9MFY26, which showed remarkable growth across all key metrics:

Market Dynamics and Geographic Performance

Revenue growth was primarily driven by higher shrimp sales to the European Union and increased average realizations due to firm global shrimp prices, favorable currency exchange rates, and US tariff impacts. The company's geographic sales distribution for 9MFY26 shows balanced diversification with USA accounting for 49%, EU for 46%, and others for 5% of total sales.

Operational Capacity and Infrastructure

Apex Frozen Foods operates with a total processing capacity of 34,240 MTPA across two facilities in Andhra Pradesh. The company has demonstrated strong debt management, reducing total borrowings from Rs 1,668 Mn in March 2022 to Rs 406 Mn in September 2025, with net debt to equity ratio improving from 0.34x to 0.05x during the same period.

Apex Frozen Foods , a leading seafood exporter, reported a robust performance in Q2FY26, showcasing resilience amid challenging market conditions. The company's strategic market diversification efforts have yielded positive results, offsetting the impact of U.S. tariff uncertainties.

Financial Highlights

• Net revenue increased by 19% year-on-year to INR 238.00 crores
• Gross profit surged 76% year-on-year to INR 96.00 crores
• EBITDA grew 284% year-on-year to INR 18.00 crores
• Profit after tax improved to INR 12.00 crores from a loss of INR 1.70 crores in Q2FY25

Market Diversification Success

Apex Frozen Foods has successfully diversified its business, with non-U.S. exports now accounting for 56% of sales in Q2FY26. This strategic shift has helped the company mitigate the impact of U.S. tariff-linked trade uncertainties. The European Union market, excluding the United Kingdom, continued its growth momentum with a year-on-year sales growth of 18% and quarter-on-quarter growth of 21% in Q2FY26.

Improved Realizations and Margins

The company achieved higher realizations at INR 870.00 per kilo, marking a 25% increase year-on-year. This improvement, coupled with favorable exchange rates, contributed to the revenue growth. Gross margins improved significantly to 39%, up by 1,200 basis points year-on-year and 552 basis points quarter-on-quarter.

Volume and Market Challenges

Sales volumes declined marginally from 2,710 metric tonnes in Q2 last year to 2,606 metric tonnes in Q2FY26, primarily due to U.S. tariff-related uncertainties. However, the company's diversification strategy has helped offset some of these challenges.

Future Outlook

Apex Frozen Foods is optimistic about the ongoing India-U.S. trade deal talks and looks forward to improving export trade with the U.S. and other major markets. The company is also awaiting the conclusion of the India-EU Free Trade Agreement, which could further boost its export potential.

The management expects to increase capacity utilization to at least 50% over the next year, aiming for a production of 14,000 to 15,000 metric tonnes. The company is also focusing on value-added products, including ready-to-eat offerings for the European market, which could potentially improve margins in the coming years.

Conclusion

Despite facing challenges in the U.S. market due to tariff issues, Apex Frozen Foods has demonstrated resilience through effective market diversification and improved operational efficiency. The company's focus on expanding into new markets and increasing value-added product offerings positions it well for sustainable growth in the coming quarters.