Core Viewpoint - Aeries Technology, Inc. reported a significant increase in Core Adjusted EBITDA and a 15% year-over-year revenue growth in North America, despite an overall decline in total revenues for fiscal year 2025 [1][3][4]. Financial Performance - Revenues for fiscal year 2025 were $70.2 million, a decrease of 3.2% from $72.5 million in fiscal year 2024 [4][14]. - The company reported a net loss of $21.6 million for fiscal year 2025, compared to a net income of $17.3 million in fiscal year 2024 [4][14]. - Adjusted EBITDA for fiscal year 2025 was $(4.7) million, down from $9.2 million in fiscal year 2024 [5][18]. - Core Adjusted EBITDA for fiscal year 2025 was $7.4 million, a 365% increase from $1.6 million in fiscal year 2024 [5][18]. Strategic Focus - The company has exited non-core geographies, including the Middle East, and has realigned its focus on the North American market [3][10]. - Aeries aims to generate the majority of its revenue from its core business, which includes Global Capability Center (GCC) services for private equity-backed companies in North America [10][11]. Future Outlook - Aeries has reiterated its guidance for fiscal year 2026, projecting revenues between $74 million and $80 million and Adjusted EBITDA between $6 million and $8 million [8][6].
Aeries Technology, Inc. Reports Results for the Full Fiscal Year 2025