Redington Ltd

BUILD TO LAST.

REDINGTON FIRST, ALWAYS.

Dear Shareholders,

It is with immense pride and optimism that I present to you Redington Limited's Annual Report for FY 2024-25. As you are aware, we are navigating a period of significant transformation where technology is reshaping economies, industries, and businesses at an unprecedented pace. Amidst this backdrop, our purpose remains clear: stay relevant, create value, and lead responsibly across markets, ensuring that we Build to Last.

* Excluding exceptional gains

Much is said about the unique strengths of founder-led companies - and rightly so. Founders bring a strong sense of ownership and long-term vision. But what if an organization could embed that very mindset into a promoter-less, BOARD - governed company? At Redington, we've done precisely that.

Rs. Crores

Redington today is among the top ten technology distributors in the world, a feat achieved despite not having a presence in the world's three largest IT markets - the United States (US), Europe, and China. This achievement underscores the strength and scale of our business model.

We serve a vibrant ecosystem of 70,000+ channel partners as of March 2025, spanning 40+ countries. We maintain trusted relationships with 450+ global brands and are deeply embedded in their growth strategies and remain committed to enabling their success. As technologies become more intelligent and integrated, we are helping businesses adopt and scale them across regions where access and readiness still vary. By broadening our offerings, we continue to stay ahead of customer needs and remain future-ready.>

Central to our journey is a deep commitment to governance that goes beyond compliance. We make decisions in the best interests of our stakeholders; we always put Redington First in everything we do.

Since our public listing in 2007, we have grown revenues more than tenfold, profits over thirteen times, and maintained one of the strongest balance sheets in the industry. Our credit ratings and shareholder returns have remained consistently high, reaffirming our disciplined approach to profitable growth and value creation.

Since becoming a promoter-less and fully Board - governed company in 2017, we've drawn strength from a seasoned and highly engaged Board whose strategic insights and guidance have brought continuity and stability. We have fortified our governance frameworks, enhanced our agility, and developed a sharper ability to navigate regulatory, societal, and technological shifts. More importantly, we have fostered a strong culture of psychological ownership, where responsibility is shared, leadership is empowered, and success is truly collective.

Over the years, we have nurtured an organization where purpose and performance go hand in hand. At the core of our philosophy lies a guiding principle: What is good for Redington is good for our stakeholders. This clarity enables us to act decisively and responsibly, balancing short-term needs with long-term vision.

Our commitment to environmental and social responsibility is strong. Whether it is supporting local employment mandates in regions like Saudi Arabia, investing in LEED-certified infrastructure and energy-efficient operations, or aligning with ESG imperatives, we approach sustainability not as a mandate but as an opportunity to drive meaningful impact.

Our people are the cornerstone of our success. The 5,000+ Redingtonians across the globe bring unmatched expertise, agility, and passion to everything we do. We continue to invest in building a diverse, globally capable, and locally rooted talent pool - equipped to navigate complexity, lead transformation, and deliver enduring value for all.

Since our inception, we have built a strong distribution ecosystem that helps the members negotiate markets, technologies, and knowledge-related frictions and thereby shorten the gap between technology innovation and adoption. Our investments in digital platforms, bundled services, and differentiated go-to-market models position us well for a future that is increasingly software-led, subscription-based, and AI-enabled. We foresee tremendous opportunities to lead in this next wave - not just by growing our business but by amplifying our impact over the entire ecosystem.

To our shareholders, thank you for your trust. With conviction in our strategy, confidence in our purpose, and a commitment to enduring principles, we move forward –resilient, responsible, and above all, Build to Last.

Warm Regards,

Chairman