Core Viewpoint - Freightos Limited has announced a cost optimization plan that includes a global workforce reduction of up to 15% to enhance operating efficiency and support its goal of achieving Adjusted EBITDA breakeven by the end of 2026 [1][5]. Group 1: Cost Optimization and Restructuring - The restructuring aims to support the long-term sustainable growth of the company's multimodal pricing, quoting, and booking platform, which remains aligned with its strategy to build the world's leading global freight pricing platform [2][5]. - The company estimates incurring approximately $1.3 million in one-time restructuring charges, primarily related to severance and employee benefits, over the first nine months of the year [3]. - Freightos anticipates that the restructuring will generate annualized cost savings of approximately $4.5 million starting in Q4 2026 [3]. Group 2: Leadership and Strategic Direction - Pablo Pinillos, the newly appointed CEO, emphasized the necessity of these decisions for ensuring long-term sustainable growth in a dynamic market [3]. - The company is committed to investing in advanced technology, including AI, to improve efficiency and streamline operations [2][3]. Group 3: Market Position and Offerings - Freightos operates the world's largest digital freight booking platform, with native multimodal capabilities and an end-to-end digital workflow that includes tendering, rate management, quoting, booking, and payment [3]. - The Freightos platform digitizes the international freight industry, offering a suite of software solutions that cater to various businesses, including Freightos Enterprise for multinational companies and Freightos Marketplace for smaller importers and exporters [8].

Core Insights - Freightos Limited has filed its annual report on Form 20-F for the fiscal year ended December 31, 2025, with the U.S. Securities and Exchange Commission, which includes audited financial statements [1] Group 1: Company Overview - Freightos is a leading vendor-neutral global freight booking platform that connects airlines, ocean carriers, freight forwarders, and over ten thousand importers and exporters, enhancing the efficiency and resilience of world trade [2] - The Freightos platform digitizes the trillion-dollar international freight industry, offering a suite of software solutions for pricing, quoting, booking, shipment management, and payments [3] Group 2: Product Offerings - Freightos provides various products tailored for different market segments, including Freightos Enterprise for multinational importers and exporters, Freightos Marketplace for small importers and exporters, and WebCargo for freight forwarders and airlines [3] - The company also offers Clearit, a digital customs broker, as part of its comprehensive service suite [3] Group 3: Industry Data and Indexes - Freightos is a prominent provider of real-time industry data through Freightos Terminal, which features leading spot pricing indexes such as the Freightos Air Index (FAX) for air cargo and the Freightos Baltic Index (FBX) for container shipping [4] - Futures of the FBX are traded on major exchanges including CME and SGX, indicating the platform's significant role in the freight industry [4]

Core Viewpoint - Air Serbia's integration into the Freightos cargo booking platform enhances digital payment capabilities and expands the airline's reach across Europe and the United States, facilitating faster and guaranteed payments for freight forwarders [1][2][3]. Group 1: Integration and Expansion - Air Serbia will be available for e-bookings across the United States and its European network, including countries like Albania, Austria, Sweden, and Switzerland, thus opening all origins on the Freightos platform [2]. - The addition of Air Serbia allows access to niche destinations beyond Belgrade, such as Zagreb, Podgorica, Tbilisi, Tirana, Sarajevo, and Skopje, broadening the options for freight forwarders [2]. Group 2: Strategic Importance - The partnership with Freightos is a significant step in Air Serbia's digital transformation strategy, addressing critical business needs by eliminating financial uncertainty and expanding access to freight forwarders [3]. - The Freightos Pay solution streamlines financial transactions in air cargo bookings, ensuring faster processing and reconciliation compared to traditional methods, thereby reducing financial risk for airlines [3]. Group 3: Industry Context - Freightos operates as a vendor-neutral global freight booking platform, connecting airlines, ocean carriers, freight forwarders, and importers/exporters, which enhances efficiency in world trade [4][5]. - The platform supports a suite of software solutions for various stakeholders in the international freight industry, including pricing, quoting, booking, shipment management, and payments [5].

Core Insights - Freightos Limited has appointed Pablo Pinillos as the new Chief Executive Officer and member of the Board of Directors, effective March 16, 2026, succeeding founder Zvi Schreiber [1][1][1] - The Board of Directors expressed confidence in Pinillos' leadership capabilities, citing his deep understanding of the business and experience in high-growth technology environments [1][1][1] - Pinillos aims to achieve financial break-even by Q4 2026 while focusing on expanding the company's solutions business and enhancing customer engagement [1][1][1] Company Overview - Freightos is a leading vendor-neutral digital pricing, booking, and procurement platform for the international freight industry, connecting airlines, ocean carriers, freight forwarders, and importers/exporters [1][1][1] - The platform digitizes the trillion-dollar international freight industry, offering a suite of software solutions for pricing, quoting, booking, shipment management, and payments [1][1][1] - Freightos provides real-time industry data through Freightos Terminal, which includes leading spot pricing indexes like the Freightos Air Index (FAX) and the Freightos Baltic Index (FBX) [1][1][1] Leadership Background - Pablo Pinillos has over 20 years of global leadership experience in finance, strategy, and operations, previously serving as CFO at Coincover and Bitrise [1][1][1] - His tenure at Qlik included senior leadership roles that contributed to the company's IPO and subsequent acquisition by a private equity firm [1][1][1]

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]

Company Overview - Freightos Limited (NASDAQ: CRGO) is a leading vendor-neutral digital booking and payment platform for the international freight industry [1][3] - The platform digitizes the trillion-dollar international freight industry, offering a suite of software solutions for pricing, quoting, booking, shipment management, and payments [4] Leadership Changes - Dr. Zvi Schreiber has decided to step down from the Board of Directors, effective February 28, 2026 [1] - The Board remains fully constituted and the search for a permanent Chief Executive Officer is ongoing [2] Industry Position - Freightos connects airlines, ocean carriers, thousands of freight forwarders, and over ten thousand importers and exporters, enhancing the efficiency and resilience of world trade [3] - The company provides real-time industry data through Freightos Terminal, which includes leading spot pricing indexes such as the Freightos Air Index (FAX) and the Freightos Baltic Index (FBX) [5]

Core Insights - Freightos Limited (NASDAQ: CRGO) reported preliminary key performance indicators for Q4 2025, showing strong execution and engagement in its digital freight booking platform [1][4] - The company is set to release its full earnings report on February 23, 2026, with a conference call scheduled for the same day [5][6] Performance Metrics - Q4 2025 transactions reached 445,000, reflecting a 27% year-over-year growth, slightly exceeding management's expectations [2][4] - For the full year 2025, total transactions were 1,643,000, with a growth rate of 26% [2] - Gross Booking Value (GBV) for Q4 2025 was $357 million, marking a 27% increase year-over-year, while the full-year GBV reached $1.29 billion, up 44% [2][4] Platform and Network Expansion - Freightos achieved its 24th consecutive quarter of record transactions, driven by the WebCargo platform and the carrier portal [3][4] - The active carrier network maintained a record level of 77 carriers in Q4 2025, with new additions like Euroairlines and Jambojet being integrated [4] - Unique buyer users increased to approximately 20,700, indicating stable engagement from freight buyers [4] Strategic Focus - The company continues to expand its coverage with regional and specialist carriers while preparing for broader participation from ocean carriers [5] - Management emphasizes disciplined execution against its growth roadmap as the platform scales [5]

Company Transition - Founder and CEO Zvi Schreiber will step down from his role as CEO on January 31, 2026, to pursue other entrepreneurial interests while remaining a non-executive board member [1] - CFO Pablo Pinillos has been appointed as Interim CEO during the transition period, and the board is conducting a comprehensive search for a new CEO [2] Company Performance and Strategy - Freightos is experiencing strong momentum, with recent enterprise agreements with multiple top ten global freight forwarders and an expansion into ocean freight [3] - The company has surpassed an annualized run rate of 1.7 million bookings and is handling over a billion dollars in annual Gross Booking Value, indicating significant growth in connecting freight buyers and sellers globally [3] Industry Position - Freightos is recognized as the leading vendor-neutral global freight booking platform, facilitating connections among airlines, ocean carriers, freight forwarders, and over ten thousand importers and exporters [4] - The platform digitizes the trillion-dollar international freight industry, offering a suite of software solutions for pricing, quoting, booking, shipment management, and payments [5]

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]