Core Insights - Freightos Limited reported a 24% increase in full-year revenue for 2025, reaching $29.5 million, and a 12% increase in fourth-quarter revenue, totaling $7.4 million [1][4] - The company aims to achieve breakeven by the end of 2026, supported by a year-end cash position of $28 million [1][4] - Despite foreign exchange challenges impacting Adjusted EBITDA, the company maintained a consistent burn rate and exceeded guidance every quarter since going public [1][4] Financial Highlights Fourth Quarter 2025 - Adjusted EBITDA was negative $2.7 million, an improvement from negative $3.1 million in Q4 2024 [1][4] - IFRS loss narrowed to $3.8 million from $9.8 million in Q4 2024, which included a one-time goodwill impairment [1][4] - IFRS Gross Margin was 64.1%, down from 67.6% in Q4 2024, while Non-IFRS Gross Margin was 72.7%, down from 74.3% [1][4] - Revenue of $7.4 million represented a 12% increase compared to $6.6 million in Q4 2024 [1][4] Full Year 2025 - Cash and cash equivalents at year-end were $27.9 million [1][4] - Adjusted EBITDA for the year was negative $11.2 million, an improvement from negative $12.6 million in 2024 [1][4] - IFRS loss for the year was $17.5 million, compared to a loss of $22.5 million in 2024 [1][4] - IFRS Gross Margin improved to 66.8% from 65.2% in 2024, while Non-IFRS Gross Margin increased to 73.7% from 72.4% [1][4] - Total revenue for 2025 was $29.5 million, up 24% from $23.8 million in 2024 [1][4] Business Performance - The fourth quarter revenue growth was driven by the WebCargo platform and customs clearance services, with total platform revenue reaching $2.5 million, up 13% year-over-year [1][4] - Gross Booking Value (GBV) for Q4 2025 was $357 million, reflecting a 27% year-over-year growth, while full-year GBV reached $1.29 billion, up 44% [1][4] - Unique buyer users increased to 20.7k in Q4 2025, and the number of active carriers selling on the platform grew to 77 from 67 in Q4 2024 [1][4] - Freightos achieved a record 445k transactions in Q4 2025, marking a 27% increase year-over-year, with approximately 1.6 million transactions for the full year, up 26% from 2024 [1][4] Financial Outlook - Management expects Q1 2026 transactions to range between 446k and 451k, with year-over-year growth of 20% to 22% [1][4] - For FY 2026, projected transactions are between 1.937 million and 1.975 million, with year-over-year growth of 18% to 20% [1][4] - Revenue for Q1 2026 is anticipated to be between $7.4 million and $7.5 million, with a year-over-year growth of 7% to 9% [1][4]
Freightos Reports Fourth Quarter and Full Year 2025 Results