Apollo Hospitals Enterprise Ltd

Since its founding in 1983, Apollo has upheld a steadfast commitment to healing with compassion, advancing through innovation, and serving with unwavering purpose.

India's First and Largest Integrated I Healthcare Ecosystem

Balanced Presence Across Metro and Non-Metro Cities

Approved Capacity Expansion for ^ 3,600+ Beds Over the Next 5 Years

800+ Telemedicine Centers Extending Care to the Last Mile ,

Dear Members,

Since its founding in 1983, Apollo has upheld a steadfast commitment to healing with compassion, advancing through innovation, and serving with unwavering purpose. In healthcare, every encounter carries a quiet depth. It is an act of trust, a moment of human connection, and a responsibility that calls for the highest standards of integrity and empathy. This belief has shaped our journey and it continues to guide our path forward.

This year, as I reflect on the progress we have made, I am reminded of the higher purpose that drives each one of us. In a country where quality healthcare was once beyond the reach of many, Apollo Hospitals redefined what was possible. The institution pioneered private healthcare in India, and that vision has now grown into a nationwide movement driven by excellence, compassion, innovation, and the belief that every Indian deserves access to the best care.

A Higher Purpose in Every Step Forward

At Apollo, we believe the future of healthcare depends on anticipating health risks early, not merely responding to illness when it arises. Our clinical systems, technology platforms, and patient engagement models are designed around this belief, offering not just treatment, but a lifelong path to wellness.

Our AI-powered preventive care platform, Apollo ProHealth, is a clear expression of this promise. Now in its fifth year, ProHealth has enabled over a million individuals to detect silent threats and take charge of their well-being. With tools such as AI-CVD, the Apollo Clinical Intelligence Engine (CIE), and personalised digital pathways, we are delivering proactive and preventive care at scale.

At the heart of this effort is a simple truth; the only way to future-proof an organisation like ours, is to stay rooted in timeless values while embracing transformative innovation. The most enduring lesson I have learned is that technology, while powerful, can never replace people. The emotional quotient of a healthcare institution must rise even higher as machines become more prevalent. Our responsibility, therefore, is not only to heal but also to listen, with humanity and humility.

Growth with Purpose and Scale

Apollo has always aligned its growth with the health priorities of the nation, which has been by identifying unmet needs, addressing gaps in access, and complementing the existing public and private healthcare ecosystem. Our expansion is not just about adding capacity; it is about delivering the right care, in the right place, at the right time.

We are progressing well in adding over 3,500 high-quality beds across 11 cities, reinforcing our presence in underserved regions and high-demand urban clusters. New hospitals in Gurgaon, Mumbai,

Pune, Varanasi, and several other locations are being developed with a deep focus on critical care, precision medicine, and surgical excellence. These investments are guided by a cluster-based strategy that enables efficient care delivery while building regional centres of excellence.

As we scale, we remain steadfast in our belief that leadership must be grounded in purpose, people, and performance. True leadership is not defined by swift decisions alone, but by the ability to continuously create value for patients, teams, and stakeholders alike. In the rush for efficiency, the most overlooked principle is how we care for our people and those we serve. Listening, therefore and not just hearing, must remain at the heart of everything we do.

Realising a Higher Purpose through One Apollo

As healthcare delivery becomes more complex and distributed, One Apollo is simplifying it, for the patient. By uniting our hospitals, clinics, diagnostics, pharmacies, digital platforms, homecare, and insurance services into a single continuum, we are offering truly integrated and seamless care.

Technology is a vital enabler in realising this unified vision. Our collaboration with Microsoft is streamlining clinical workflows, accelerating operational efficiency, and enhancing patient outcomes at scale. Through intelligent automation and cloud-powered integration, we are strengthening the foundation for truly personalised, digitally enabled care. So, whether through an Apollo 24 7 virtual consultation, a medicine delivery at home, a specialist surgery, or post-operative rehabilitation, One Apollo ensures that patients experience consistent, coordinated care—across every format and stage. We believe this is a unique and powerful proposition which can change the way care is delivered in India.

Upholding a Higher Promise with Clinical Excellence

Our commitment to clinical excellence is reaffirmed by the outcomes we continue to deliver. This year, Apollo hospitals achieved several national and global firsts:

? India's first Robotic Cytoreductive Surgery

? The world's youngest robotic knee replacement (17 years old)

? Over 22,000 robotic cardiac surgeries in Chennai

? Advanced TRIC Valve procedures, CORI robotic joint replacements, and robotic radio surgery for complex cancer cases

Each of these milestones, and every innovation behind them, stands as a testament to the dedication of our clinicians in pushing the frontiers of care. Their efforts are powered by our sustained investments in robotic technology, precision medicine and clinical research.

In addition, we have also deepened our focus across key Centres of Excellence including Cardiac Sciences, Neuro Sciences, Oncology, Orthopaedics,

Transplants and Genomics. This ensures that patients receive highly specialised care from multidisciplinary teams working with globally benchmarked protocols.

Excellence goes beyond reaching milestones. We work to make every individual feel secure, know that their concerns are truly listened to, and they experience support at every stage of their care. We understand that each patient journey is deeply personal, and our teams continuously dedicate hemselves to restoring both health and hope.

A Higher Purpose beyond Borders and Barriers

Our Higher Purpose is not fulfilled by excellence alone, as it must also be inclusive, far-reaching, and deeply humane. This year, our partnership with the Government of Tripura to provide free paediatric heart surgeries stands as a reaffirmation of this commitment. Every child deserves a second chance at life, regardless of geography or income.

We have also extended our impact beyond India's borders. Through a landmark collaboration with Mayapada Healthcare Group in Indonesia, we are advancing clinical programs in oncology, cardiology, neurology and transplants, thereby taking Apollo's expertise to global communities that seek the highest standards of care.

Our academic alliance with the University of Leicester further reinforces this commitment by nurturing the next generation of clinical talent and research leadership. As India emerges as a global knowledge hub for healthcare, we are proud to contribute both capability and compassion to the world.

In every geography, and in every setting, we hold to the belief that dignity in care must never be compromised. We empower our teams not through control, but through trust. Everyone in our

We work to make every individual feel secure, know that their concerns are truly listened to, and they experience support at every stage of their care. We understand that each patient journey is deeply personal, and our teams continuously dedicate themselves to restoring both health and hope.

hospitals, from the surgeon to the support staff, is guided by the same sense of purpose. Each role is different, but the mission is shared. This unity of intent, grounded in empathy and service, is one of our greatest strengths.

Financial Performance

Finally, I am pleased to report that all our patient-centric initiatives have resulted in strong clinical outcomes and solid financial performance. Our revenue stood at ' 217,940 million, with Healthcare Services contributing 52% to the topline and HealthCo accounting for 41%.

EBITDA (Post Ind AS 116) stood at ' 30,219 million. The Board has approved a final dividend of ' 10/- per share. This, together with the interim dividend of ' 9/- per share paid earlier in the year, results n a total dividend payout of Rs 19/- per share (380% of the face value of ' 5/- per share), which represents a 21% dividend payout ratio.

A Future Rooted in Purpose

Healthcare will continue to evolve, new diseases may emerge, expectations will rise, and technology will redefine what is possible. However, one truth will remain unchanged and that is our resolute promise to serve with compassion, lead with courage, and heal with purpose.

As India emerges as a global health hub, Apollo remains committed to shaping this future with clarity and conviction. We will continue to treat patients from across 150 countries with trust and excellence (Heal in India), empower and deploy Indian edical talent globally (Heal by India), and share our clinical innovations and digital platforms with the world (Heal from India). Central to this vision is our unwavering investment in talent, culture, and service, anchored in the belief that every life we touch must experience not just treatment, but transformation.

In this next chapter, I see my role as that of a guide who shares experiences, listens deeply, and supports the growth of those carrying the vision forward. I continue to pass on what I have always believed: that values are timeless. We must hold on to care, to kindness, and to the integrity that defines us. The only enduring principle in healthcare is care itself, expressed in every action and carried beyond the hospital walls. When our patients are well, our teams are fulfilled, and our purpose remains strong, I find a quiet sense of peace.

I extend my heartfelt thanks to our esteemed Board of Directors, whose guidance strengthens our resolve.

To our shareholders, I offer my deepest gratitude for your belief in our vision. I am thankful to my Apollo Family for breathing life into our Higher Purpose every single day.

With my warm personal regards to all of you.