The Institute of Cost Accountants of India (ICMAI) has released the CMA Foundation December 2025 exam results on its official website, icmai.in. Vidhan Chhabra from Jaipur secured the top rank with 380 marks. Krishana Shishodiya and Venkata Vijaya Surya Chaithanya Gelli/Sanjana Sahu secured the second and third ranks, respectively. Candidates can download their scorecards and view the merit list, which includes subject-wise marks and overall status. Passing the foundation exam makes candidates eligible for the CMA Intermediate level.