Core Insights - Freightos Limited reported record revenue and transactions for Q3 2025, highlighting the resilience and growing adoption of its digital freight booking platform [2][5] - The company is experiencing a shift towards digital solutions due to freight rate volatility, with a multimodal strategy gaining traction among major freight forwarders [2][5] - Despite some enterprise customers slowing their solution purchases, Freightos is making steady progress towards breakeven while maintaining strong cash reserves [2][6] Financial Performance - Revenue for Q3 2025 reached $7.7 million, a 24% increase from $6.2 million in Q3 2024 [6][21] - IFRS Gross Margin improved to 69.1%, up from 65.0% in Q3 2024, while Non-IFRS Gross Margin rose to 74.8%, compared to 72.7% in the same period [6][23] - The company reported an IFRS loss of $5.0 million for Q3 2025, compared to a loss of $2.7 million in Q3 2024, primarily due to increased market prices of warrants [6][21] Transaction and User Growth - Freightos achieved a record 429,000 transactions in Q3 2025, marking a 27% year-over-year increase [6][5] - The number of unique buyer users reached 20,600, reflecting growth in WebCargo users, although there was a slight reduction in SMB North American custom clearance users due to market uncertainty [6][5] - The platform's Gross Booking Value (GBV) grew to $336 million in Q3 2025, representing a 54% year-over-year increase [6][5] Business Strategy and Outlook - Freightos' multimodal ocean and air solution is expected to capture significant market opportunities as carriers embrace digital distribution channels [2][5] - The company anticipates Q4 2025 transactions to be between 438,000 and 444,000, with a year-over-year growth of 29% to 31% [7] - Revenue for FY 2025 is projected to be between $29.5 million and $29.6 million, reflecting a 24% year-over-year growth [7]

Core Insights - Freightos has announced a partnership with Megacap Aviation Service to enhance digital access for over 5,000 global freight forwarders to capacity from 13 airlines, starting with Ethiopian Airlines [1][3] - The partnership aims to improve transparency and instant access to rates and capacity, particularly benefiting trade between China and Africa, as well as other global routes [2][3] Company Overview - Freightos (NASDAQ: CRGO) is a leading vendor-neutral global freight booking and payment platform, connecting airlines, ocean carriers, freight forwarders, and importers/exporters to streamline international trade [5][6] - The platform digitizes the international freight industry, offering a suite of software solutions for pricing, quoting, booking, shipment management, and payments [6][7] Partnership Details - The integration with Megacap Aviation Service will provide real-time access to Ethiopian Airlines' capacity and pricing, with plans to include additional carriers like Aeromexico [3][4] - This collaboration is expected to enhance digital distribution in emerging markets, allowing clients to access real-time logistics prices and book services instantly [4][3] Market Impact - The partnership is positioned to support the growth of global trade, particularly in the Asia-Pacific region, by providing efficient and transparent logistics solutions [2][4] - Megacap Aviation Service's expertise in regional markets will complement Freightos' platform, facilitating better service for logistics stakeholders [4][3]

Core Insights - Freightos Limited reported strong preliminary key performance indicators for Q3 2025, indicating continued digital adoption in the freight industry [1][2][3] Performance Metrics - The company recorded 429,000 transactions in Q3 2025, representing a 27% year-over-year growth, exceeding management's expectations of 419,000 to 425,000 transactions [2][5] - Gross Booking Value (GBV) reached $336 million in Q3 2025, reflecting a 54% year-over-year increase, surpassing management's expectations of $329 million to $333 million [2][5] Platform Expansion and Network Growth - Freightos achieved its 23rd consecutive quarter of record transactions, showcasing the platform's role in the digital transformation of the freight industry [2][3] - The WebCargo platform, which connects carriers and freight forwarders, was a significant contributor to transaction growth, with a high growth rate in the carrier portal component [5] Carrier and Buyer Growth - In Q3 2025, 77 carriers were active on Freightos' platforms, with new additions including both flag-carrier belly-cargo operators and niche cargo specialists [5] - Unique buyer users reached 20,600, with growth in WebCargo users partially offset by a reduction in SMB North American custom clearance users due to market uncertainty [5] CEO Commentary - The CEO of Freightos emphasized the platform's network effects, stating that each new participant enhances the value for all others, confirming the vision that digitization is becoming the new standard in international freight [3]

Group 1 - Freightos will present at the 19th annual LD Micro Main Event on October 20th at 01:30 PM PT [1] - The event will take place from October 19th to 21st at the Hotel del Coronado in San Diego, California [4] - Approximately 120 companies will participate in the event, presenting in half-hour increments and attending private meetings with investors [5] Group 2 - Freightos is a leading vendor-neutral global freight booking platform, connecting airlines, ocean carriers, freight forwarders, and importers/exporters [6] - The Freightos platform digitizes the international freight industry, offering software solutions for pricing, quoting, booking, shipment management, and payments [6] - Freightos provides real-time industry data through Freightos Terminal, including leading spot pricing indexes like Freightos Air Index (FAX) and Freightos Baltic Index (FBX) [6]

Core Insights - Freightos Limited reported a strong second-quarter performance with a 31% year-over-year revenue increase, reaching $7.4 million, driven by robust transaction growth and strategic adaptability in a fluctuating market [2][7][6] - The company achieved a record 397,000 transactions in Q2 2025, marking the 22nd consecutive quarter of record transactions, and a Gross Booking Value (GBV) of $317 million, up 56% year-over-year [7][6] - Management has revised the full-year transaction outlook upward, reflecting confidence in sustained growth despite global trade uncertainties [2][6] Financial Highlights - Revenue for Q2 2025 was $7.4 million, a 31% increase from $5.7 million in Q2 2024 [7] - IFRS Gross Margin improved to 67.1%, up from 64.9% in the same quarter last year, while Non-IFRS Gross Margin rose to 73.5% from 72.0% [7] - The company reported an IFRS loss of $4.3 million, an improvement from a loss of $5.3 million in Q2 2024, and an Adjusted EBITDA loss of $2.9 million, slightly better than the $3.1 million loss in the prior year [7][24] Business Growth - The number of unique buyer users increased by 6% year-over-year, reaching approximately 20,200 [7] - The number of carriers on the platform grew from 71 to 75, including new additions like China Airlines and Air Europa, enhancing service diversity [7] - Total platform revenue was $2.5 million, up 23% year-over-year, while solutions revenue increased by 36% to $4.9 million [7] Future Outlook - For Q3 2025, management expects transactions to range between 419,000 and 425,000, with a year-over-year growth of 24% to 25% [8] - The full-year revenue forecast is projected between $29.5 million and $30 million, reflecting a year-over-year growth of 24% to 26% [8] - The company aims to achieve breakeven Adjusted EBITDA by the end of 2026, despite potential currency fluctuations impacting financial metrics [2][8]

Core Insights - Freightos has appointed Udo Lange as Non-Executive Chairman and Rotem Hershko as a Director, effective July 28, 2025, to enhance its digital freight vision [1][3] Leadership Appointments - Udo Lange brings over 30 years of logistics leadership experience, including roles at FedEx and advising the White House Supply Chain Disruption Task Force [2][3] - Rotem Hershko has a strong background in technology and logistics, having held leadership positions at Amazon and Maersk, and currently serves as a Senior Advisor at McKinsey & Company [3][4] Strategic Direction - The new leadership aims to advance Freightos' mission of end-to-end global freight digitization, enhancing connections among shippers, forwarders, and carriers [3][4] - The company has made significant strides, reporting an annualized run rate of over 1.5 million platform transactions after 22 consecutive quarters of growth [4] Product Offerings - Freightos provides a suite of software solutions for the international freight industry, including Freightos Enterprise for multinational importers and exporters, and various products for freight forwarders and airlines [6] - The platform aims to digitize the trillion-dollar international freight industry, making global trade more efficient and accessible [6] Market Position - Freightos is recognized as a leading vendor-neutral global freight booking platform, connecting airlines, ocean carriers, freight forwarders, and over ten thousand importers and exporters [5][6] - The company also offers real-time industry data through Freightos Terminal, which includes leading spot pricing indexes for air cargo and container shipping [7]

Core Insights - Freightos has partnered with SriLankan Cargo to enhance online air cargo booking and payments, significantly expanding its presence in South Asia and improving access to Colombo as a transshipment hub [1][4] Company Overview - Freightos is a leading digital booking and payment platform for the international freight industry, facilitating connections among airlines, ocean carriers, freight forwarders, and importers/exporters [7][8] - SriLankan Cargo, the air freight division of SriLankan Airlines, connects to 32 online destinations in 21 countries and over 200 destinations globally, with strong capacity to India and the Gulf [3][11] Partnership Details - The integration allows over 10,000 freight forwarding offices using WebCargo to access, quote, book, and pay for SriLankan's air freight capacity through a single platform [2] - The partnership democratizes access to SriLankan Cargo's capacity for non-IATA forwarders in Asia, removing the need for airline credit lines or bank guarantees, which is particularly beneficial for SMEs in emerging markets [4] Service Enhancements - SriLankan Cargo will leverage Freightos' rate management and procurement tools to enhance visibility during the freight buying process [5] - The integration will also enable seamless booking of complex multi-carrier routes, optimizing load factors for partner airlines like Qatar Airways and Emirates SkyCargo [5] Industry Context - The partnership is positioned to enhance agility in the freight industry, which is increasingly reliant on digital solutions for efficiency and resilience [4][8]

Core Viewpoint - Freightos Limited reported strong preliminary key performance indicators for Q2 2025, highlighting its essential role in the international freight industry amid ongoing trade challenges [1][4]. Financial Performance - The company recorded 397,000 transactions in Q2 2025, exceeding management's expectations of 380,000 to 385,000, representing a year-over-year growth of 26% [2][7]. - Gross Booking Value (GBV) reached $317 million in Q2 2025, a significant increase of 56% year-over-year, surpassing management's expectations of $278 million to $285 million [2][7]. Platform Expansion and Network Growth - Freightos achieved its 22nd consecutive quarter of record transactions, reinforcing its position as a key player in facilitating international trade during volatile times [3]. - The network expanded to include 75 carriers, adding notable airlines such as China Airlines and Air Europa, which enhances service diversity [7]. Customer Engagement - Unique buyer users grew by 6% year-over-year to 20,200, indicating broad appeal and customer diversification for the platform [7]. Upcoming Events - The company plans to report its full financial results for Q2 2025 on August 18, 2025, with a conference call scheduled for the same day at 8:30 a.m. EDT [4][5].

Q1 2025 Performance - Transactions reached 371,000, a 25% year-over-year increase[19] - Revenue reached $6.9 million, a 30% year-over-year increase[19] - Adjusted EBITDA was $(30) million, aligning with guidance[47] - GBV reached $276.1 million, exceeding guidance[47] Growth and Strategy - The company launched Freightos Enterprise[19] - The company is experiencing strong transaction growth due to marketplace network effects[28] - The company is enhancing platform value through comprehensive solutions, including SaaS and data solutions[33] Financial Guidance - Q2 2025 transaction guidance is 380,000-385,000, representing 20%-22% year-over-year growth[63] - Q2 2025 revenue guidance is $70-$7.1 million, representing 23%-25% year-over-year growth[63] - FY 2025 revenue guidance is $290-$30.6 million, representing 22%-29% year-over-year growth[63] - FY 2025 transaction guidance is 1,562,000-1,637,000, representing 20%-26% year-over-year growth[63]

Financial Data and Key Metrics Changes - The company reported revenue of $6.9 million, representing a 30% year-on-year growth [24] - Platform revenue was $2.3 million, up 23% year-on-year, while solutions revenue reached $4.6 million, up 33% year-on-year [25] - Gross margin improved to 66.8% on an IFRS basis, up from 62.6% in Q1 last year, and non-IFRS gross margin increased to 73.7% from 70.3% [25][26] - Adjusted EBITDA improved to a loss of $3 million from a loss of $3.6 million in Q1 last year [26] Business Line Data and Key Metrics Changes - The company facilitated over 370,000 transactions in Q1, a 25% increase from the same period last year [6] - The onboarding of four new carriers brought the total to 71 carriers on the platform [7][21] - The solutions segment saw notable enterprise customer wins, including a renewal from a global industrial conglomerate and a new contract with a major European building materials manufacturer [17][18] Market Data and Key Metrics Changes - In air cargo, global volumes increased by 8% year-over-year, while rates were 6% lower compared to last year [7][8] - China's US ocean volumes dropped significantly during a period of high tariffs, impacting the market [8] - The bellwether FBX01 index for shipping a 40-foot container transpacific dropped to around $2,000, reflecting a return to long-term average rates [9] Company Strategy and Development Direction - The company aims to digitalize international shipping and expand its platform across multiple dimensions, including adding new transaction types and enriching existing services [15][14] - The launch of the Freightos Enterprise software as a service solution is expected to create new sales and cross-sell opportunities [7] - The company is focused on network effects to drive sustainable competitive advantage and capital-efficient growth [14] Management's Comments on Operating Environment and Future Outlook - Management expressed optimism about the potential stabilization in trade relations following recent US-China agreements [11][12] - The company remains cautious about the impact of tariffs and trade policy changes on its business, noting that market volatility can increase the need for its marketplace [10][28] - The company reiterated its guidance for the year, expecting continued growth despite macroeconomic uncertainties [28] Other Important Information - The company ended the quarter with $36.4 million in cash and cash equivalents, maintaining a strong balance sheet [27] - The Freightos Enterprise Suite was launched shortly after the quarter end, designed to serve the complex needs of multinational shippers [19][20] Q&A Session Summary Question: What could affect the company's ability to hit targets for the year? - Management noted that fluctuations in trade volumes could impact the platform segment, while macroeconomic uncertainty could affect the solutions segment [33][36] Question: How could supply chain diversification benefit the company? - Management indicated that volatility in trade could benefit the marketplace, providing valuable tools and data to the industry [40][42] Question: What is the revenue dynamic behind the new trucking partnership? - The trucking partnership is expected to enhance the platform's offerings, allowing freight forwarders to manage multimodal shipments more easily [51][56] Question: Why is there a mismatch between GBV and revenue growth? - The company explained that a large portion of transactional bookings is based on a flat fee, which contributes to the mismatch [71][72] Question: What constitutes the economic moat for the company? - The company emphasized that network effects create a significant moat, as the platform connects a large number of buyers and sellers [73][75]