Q2FY26 Revenue at Rs. 2,055 million with a year-on-year margin expansion Global lounge paxes double in Q2FY26 vs Q1FY26

Bengaluru, 14 November 2025 – Dreamfolks Services Limited (herein referred to as “DreamFolks”), India’s largest travel and lifestyle experiences company, today announced the financial results for Q2FY26 ended 30^th September 2025.

Ms. Liberatha Kallat, Chairperson and Managing Director, commented on the performance: “This quarter marked a phase of strategic transformation and realignment for DreamFolks, as we adapted to evolving industry dynamics with forward-looking decisions. While these actions may reflect temporarily in our numbers, they have strengthened our foundation. We are now firmly positioned for the next phase of diversified, resilient, and consumer-centric growth. In Q2FY26, the company recorded revenue of ₹2055 millions, Gross Profit stood at ₹ 292 millions, with a margin of 14.2%, EBITDA came in at ₹ 161 millions, with margin of 7.8% and delivered a PAT ₹ 112 millions at a margin of 5.5%; expanding on all margin levels versus last year.

I’m delighted to announce our recent acquisition of Ten11 Hospitality LLP, which marks a significant milestone in DreamFolks’ growth journey. Ten11 Hospitality has presence at key railway lounge locations such as Chennai, Mumbai, and Vadodara — with Chennai already operational and the other two set to commence soon. Through the acquisition, by vertically integrating lounge operations, we strengthen our partnerships across the value chain, enhance service reliability, and mitigate the business risks associated with third-party dependencies, while laying the groundwork for rapid expansion into additional high-traffic railway hubs across the country.

Our non-lounge services like Access to members-only Social Clubs, Golf, Coffee at Malls, Airport Transfers, Meet & Assist, and Beauty & Grooming, etc. are also seeing great traction. On the global lounge side, Dreamfolks now has 900+ touchpoints, covering majority of Southeast Asia and Middle East market. I am pleased to share that the monthly global lounge paxes have already doubled in comparison with Q1FY26 and are expected to grow manifold in the coming quarters.

DreamFolks’ strategy aligns with India’s rapidly evolving travel ecosystem, driven by railway modernization, highway expansion, and rising global travel aspirations. These shifts are fueling demand for premium lounge and lifestyle services across multiple transit touchpoints.

Looking forward, DreamFolks remains focused on the four-pillar strategy: Global Expansion, Client Diversification, Premium Lifestyle Services Addition and Technological Transformation, the company is well-placed to drive sustainable growth and enhance long-term stakeholder value.”

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Wallet α is India’s first premium Wallet that directly integrates elite travel, lifestyle, and entertainment privileges on PPI rails. Through Wallet α, benefits which traditionally have been exclusive to select Credit Card users are now made accessible to every consumer across the country.

This pioneering collaboration leverages The Card Company’s RBI-licensed wallet infrastructure with DreamFolks’ extensive global network of curated experiences and seamless digital delivery model. The launch marks a major shift toward democratizing access to premium experiences, moving these privileges beyond the traditional elite segment.

Wallet α is available to all users on The Card Company App and offers exclusive, premium benefit packages—α I, α II, and α III—available for instant purchase and digital access.

The premium benefit packages, powered by DreamFolks, include a comprehensive suite of services. Travel benefits span global airport lounge access, airport transfers, railway lounges, and hotel upgrades. Lifestyle offerings include access to exclusive members-only clubs, golf sessions, wellness and fitness services, and curated experiences. Finally, Entertainment & Dining benefits cover OTT subscriptions, movie benefits, and gourmet dining offers.

Seamless Digital Access and Real-Time Tracking: The architecture of Wallet α ensures a fully digital and transparent user experience:

• Browse and Upgrade to a Membership: Users can easily explore and upgrade to their preferred α I, α II, or α III membership package directly inside The Card Company app.
• Access Premium Services Digitally: All services and entitlements are accessed instantly through digital passes or integrated booking options within the app.
• Track Your Benefits in Real Time: Members can view their usage, remaining entitlements, and full benefit details transparently within the “Feature Program” section of the app.

Sandeepan Kashyap, Co-founder & CEO, The Card Company, commented on the partnership: “Wallet α is a sincere attempt to introduce a first-of-its-kind inclusive product that brings premium benefits to every Indian. By democratizing premium card features, we aim to make them accessible beyond the traditional elite segment. We are delighted to partner with Dreamfolks Services Ltd., a pioneer in card feature programs in India & globally. At ‘The Card Company’, our commitment remains steadfast – to create high-value products and make them accessible to every Indian consumer.”

Liberatha Kallat, Chairperson & MD, Dreamfolks Services Ltd., added:
“We’re proud to power the premium lifestyle and travel services for a revolutionary product like Wallet α. This partnership reflects DreamFolks’ mission to make world-class experiences accessible to all, not just the few. Through our aggregation model and seamless digital delivery, The Card Company’s Wallet users can now tap into a curated global network of benefits at the touch of a button.”

This collaboration solidifies DreamFolks’ position as the essential digital backbone for privilege, extending its network of premium experiences to India’s rapidly growing digital innovation in the BFSI sector. The launch of Wallet α is a significant step toward leveling the playing field, ensuring that premium services are a matter of choice for every user, not just a privilege for a select few.

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At the heart of this new offering is unparalleled access to a collection of 3000+ elite social clubs — private, invitation-only spaces that have long stood as symbols of legacy, luxury, and social prestige. Located in over 150 destinations worldwide, the collection features both iconic Indian clubs and internationally acclaimed members-only venues.

Complementing this premium service is the launch of the ‘Coffee at Malls’ program, which allows clients’ end-customers to enjoy complimentary beverages at leading café chains, including Tim Hortons, Costa Coffee, Barista, and more. The program will be available at 250+ coffee outlets across 175+ shopping malls in 50+ cities, covering key metros, tier 1 and tier 2 locations in the country. Seamlessly integrated into the existing value proposition of DreamFolks’ clients, the service transforms routine retail visits into moments of lifestyle indulgence.

Commenting on the expansion, Liberatha Kallat, Chairperson and Managing Director, Dreamfolks Services Limited, said: “We are witnessing a paradigm shift in how banks view customer benefits. They are no longer content with one-size-fits-all solutions and are seeking to offer their cardholders a broader, more meaningful spectrum of experiences. Today’s consumers expect more than transactional rewards — they seek moments that enhance their everyday lives and reflect their aspirations. At DreamFolks, we’re proud to be leading this evolution by delivering experiences that are as personal as a coffee break during a mall visit and as aspirational as access to the world’s most exclusive social clubs. These innovations empower our banking partners to deepen engagement, elevate brand loyalty, and deliver differentiated value in an increasingly competitive landscape.”

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Through this new offering, DreamFolks is providing a way for international travelers to enjoy immediate connectivity while travelling abroad, by getting a pre-activated SIM card while in their country of origin. Travelers can choose a region wise or a global package and stay connected. To avail the Travel SIM service, eligible card holders need to simply visit the DreamFolks web-access solution and can get an activated ready-to-use SIM before their scheduled travel.

Commenting on the launch, Liberatha Kallat, Chairperson & Managing Director of Dreamfolks Services Ltd., expressed her enthusiasm, “We are thrilled to see that the solution is being well received by our clients. Travel SIM is a service that aligns with our mission to elevate seamless travel experiences. This service addresses a major pain point for international travelers by providing global connectivity wherever they go, without the hassle of purchasing a new SIM card in every country they visit. We are confident that Travel SIM will be a valuable addition to our portfolio of services, and we look forward to empowering travelers to make the most of their travel.”

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