Freightos reports strong Q3 2025 results
Freightos Limited achieved robust performance in its third quarter, showcasing a significant 24% year-over-year increase in revenue, fueled by consistent expansion of its digital freight booking platform.
“Our third quarter was marked by record revenue and transaction volumes, a clear indicator of the growing adoption of digital booking solutions across the industry,” stated CEO Zvi Schreiber. He further elaborated, “The current environment of fluctuating freight rates is driving a greater demand for transparent and adaptable digital tools. Furthermore, the introduction of our new multimodal solution significantly broadens our market reach and positions us for sustained long-term growth.”
CFO Pablo Pinillos commented on the financial achievements: “We successfully met our revenue projections for the quarter and enhanced our gross margins. While the prevailing market uncertainty provided a tailwind for our platform revenue, it presented challenges for our solutions revenue. Nevertheless, we remain on track to achieve breakeven, supported by our commitment to disciplined cost management.”
**Q3 2025 Financial Highlights:**
* **Revenue:** Reached $7.7 million, representing a 24% uplift compared to Q3 2024.
* **IFRS Gross Margin:** Improved to 69.1%, up from 65.0% in the prior year.
* **Non-IFRS Gross Margin:** Increased to 74.8%, compared to 72.7% previously.
* **IFRS Net Loss:** Stood at $5.0 million, widening from $2.7 million in Q3 2024, primarily due to an increase in warrant valuation.
* **Adjusted EBITDA:** Showed improvement, coming in at –$2.6 million, a decrease from –$2.8 million in the prior year’s quarter.
* **Cash & Equivalents:** The company maintained a healthy liquidity position with $30.6 million in cash and equivalents at the close of the quarter.
**Business Highlights:**
* **Transactions:** Processed 429,000 transactions, a 27% increase year-over-year, marking the 23rd consecutive quarter of record transaction volumes.
* **Carrier Engagement:** Engaged with 77 carriers who recorded 5 or more quarterly bookings, an increase from 75 in the previous quarter.
* **Unique Buyer Users:** Served 20,600 unique buyer users.
* **Gross Booking Value (GBV):** Surged by 54% to $336 million, driven by the strong performance of WebCargo and portal growth.
* **Revenue Breakdown:**
* Platform Revenue: $2.6 million, up 15%.
* Solutions Revenue: $5.1 million, up 30%.
**Outlook for Fiscal Year 2025:**
Management anticipates the following for the full fiscal year 2025:
* **Revenue:** Projected to be between $29.5 million and $29.6 million, indicating a 24% increase.
* **Transactions:** Expected to range from 1.636 million to 1.641 million, a 26% rise.
* **Gross Booking Value (GBV):** Forecasted to be between $1.268 billion and $1.272 billion, marking a substantial 42% increase.
* **Adjusted EBITDA:** Estimated to be between –$11.2 million and –$11.1 million.
This financial guidance is predicated on the assumption that current freight prices and volumes will remain stable through the remainder of the year.