Smartworks Coworking Spaces Limited announced its unaudited financial results for the quarter and nine months ended December 31, 2025, following a Board Meeting held on January 15, 2026. The Board reviewed and approved the standalone and consolidated financial results, which were previously recommended by the Audit Committee.

The meeting commenced at 4:30 PM IST and concluded at 5:03 PM IST. The detailed financial results, along with the limited review report, will be available on the company's website at https://www.smartworksoffice.com/investors/.

For the quarter ended December 31, 2025, the company reported total income of ₹4,773.87 million (₹47.74 crore) on a standalone basis, with a profit after tax of ₹2.93 million (₹0.03 crore). On a consolidated basis, total income was ₹3,881.46 million (₹38.81 crore) with a profit after tax of ₹12.30 million (₹0.12 crore).

For the nine months ended December 31, 2025, standalone revenue from operations was ₹12,393.79 million (₹123.94 crore) and profit after tax was ₹(80.05) million (₹(0.80) crore). Consolidated revenue from operations was ₹12,761.22 million (₹127.61 crore) with a profit after tax of ₹(60.96) million (₹(0.61) crore).

Note 5 in the standalone and consolidated results details the utilization of IPO proceeds. As of December 31, 2025, ₹2,723.06 million (₹27.23 crore) had been utilized from the fresh issue of ₹3,450 million (₹34.50 crore). A significant portion, ₹1,140 million (₹11.40 crore), was used for repayment of borrowings, while ₹645.06 million (₹6.45 crore) was allocated to capital expenditure for fit-outs and security deposits for new centers. The unutilized amount of ₹1,726.94 million (₹17.27 crore) is temporarily invested. The company also recognized a one-time increase in employee benefits provision of ₹5.34 million (₹0.05 crore) due to the New Labour Codes.