Aeries Technology(AERT) - 2025 Q4 - Annual Results

Financial Performance - Revenue for Q3 FY2026 was $17.5 million, with a net income of $1.2 million and an adjusted EBITDA of $2.5 million, reflecting a margin of 14.1%[7] - Aeries increased its FY26 adjusted EBITDA guidance to a range of $7 million to $8 million, up from the previous guidance of $6 million to $8 million[2] - For FY27, Aeries expects revenue between $80 million and $84 million, with an adjusted EBITDA range of $10 million to $12 million[3] - Revenues for the nine months ended December 31, 2025, were $50,149 million, a decrease of 1.9% compared to $51,147 million for the same period in 2024[24] - Gross profit for the nine months ended December 31, 2025, was $12,142 million, representing an increase of 4.4% from $11,627 million in 2024[24] - Net income for the nine months ended December 31, 2025, was $3,557 million, a significant improvement compared to a net loss of $15,575 million in the same period of 2024[27] - Adjusted EBITDA for the nine months ended December 31, 2025, was $6,045 million, compared to a loss of $3,931 million in 2024[30] - The adjusted EBITDA margin for the nine months ended December 31, 2025, was 12.1%, up from a margin of -7.7% in 2024[30] - The company reported a basic and diluted net income per Class A ordinary share of $0.06 for the nine months ended December 31, 2025, compared to a loss of $0.32 in 2024[24] - The weighted average shares outstanding of Class A ordinary shares for the nine months ended December 31, 2025, were 47,742,195, compared to 42,257,552 in 2024[24] Cash Flow and Assets - The company achieved positive operating cash flow of approximately $2.4 million for the third consecutive quarter, indicating improved operating leverage and cost discipline[7] - Cash flows from operating activities for the nine months ended December 31, 2025, provided $4,762 million, compared to cash used of $1,873 million in 2024[27] - Cash and cash equivalents at the end of the period were $2,570 million, a decrease from $2,764 million at the beginning of the period[28] - The total assets as of December 31, 2025, were $41.981 million, compared to $39.833 million as of March 31, 2025[21] - The total liabilities decreased from $45.937 million as of March 31, 2025, to $42.778 million as of December 31, 2025[21] - Aeries' accumulated deficit improved from $31.380 million as of March 31, 2025, to $28.547 million as of December 31, 2025[21] Market Demand and Strategy - Aeries reported continued strong demand from private equity portfolio companies and mid-market enterprises, contributing to increased client expansions and improved forward visibility[6] - Aeries' performance was driven by strong execution in India and Mexico, along with the increasing adoption of transformation programs and multi-year GCC engagements[4] - The company has strengthened its talent acquisition capabilities through a strategic partnership with a global recruitment firm to support scaling client programs[8]