Symphony Limited today reported its financial results for the quarter ending December 2025. The Company reported stable year-on-year revenue for the quarter. Symphony trade inventory levels have largely normalized. EBITDA margin softness in the quarter was primarily driven by elevated advertisement and sales promotions expenses in the water heater category. In the December-2025 quarter, the Company achieved an additional recovery of INR 4 crore from Pathways, bringing the total year-to-date recovery of INR 8.5 crore. This recovery is against INR 50.2 crore written off during FY 2024-25. Update on IB Transaction: Climate Holdings, Australia and IMPCO, Mexico The IB-led divestment process for Climate Holdings Australia and IMPCO Mexico was initiated following Board approval in April 2025, with comprehensive global outreach and management engagements now completed. While there was strong interest from potential buyers, none of the proposals received met Symphony’s valuation expectations or broader strategic objectives. As a result, the divestment process has been rolled back. The Company will appropriately address the financial investment (equity and intangible assets) in Climate Holdings Australia and its subsidiaries in its books by the end of the current financial year. Strategic Outlook and Way Forward Symphony remains steadfast in innovating across all product tiers to meet the needs of consumers, ranging from rural areas to premium market segments. The Company is enhancing its penetration in rural and semi-urban markets to capture demand that has previously gone unserved. The Company’s omnichannel acceleration — powered by digital platforms and alternative channels, is enhancing accessibility and driving sustained growth. To ensure year-round business resilience beyond seasonal fluctuations, we are building a robust Round-The-Year (RTY) ecosystem. This includes accelerating growth in large space venti cooling, tower and kitchen cooling fans, water heaters, export — creating consistent demand throughout the year. Symphony will continue to prioritize high-margin growth markets, both domestically and internationally, focusing on regions with strong growth potential and superior margin profiles. Our export-led expansion strategy is broadening our presence in key global markets, mitigating seasonality, and diversifying revenue streams.