Core Insights - Aeries Technology, Inc. reported a revenue of $70.2 million for FY 2025, with North America revenue increasing by 15% year-over-year to $65.5 million, representing 93.3% of total revenue [5][6] - The company achieved a Core Adjusted EBITDA of $7.4 million, surpassing its previous guidance of $6–7 million [5][6] - Aeries reaffirmed its outlook for FY 2026, expecting revenue between $74 million and $80 million and Adjusted EBITDA between $6 million and $8 million [5][6] Financial Performance - The company reported an Adjusted EBITDA of $(4.7) million and an operating loss of $(28.8) million, with a net loss of $(21.6) million, primarily due to one-time expenses not expected to recur in 2026 [5][6] - A significant portion of the loss, $12.0 million, was attributed to non-core business activities, while $12.7 million was related to stock-based compensation from a one-time issuance [5][6] - Year-end liquidity stood at $2.8 million in cash, with $1.1 million in long-term debt [5] Strategic Developments - The company has shifted its focus to core Global Capability Centers (GCCs) for private equity-backed companies in North America, fully winding down its legacy operations in the Middle East [5][6] - Aeries launched an AI-Centric GCC Framework, integrating intelligent automation and generative AI agents, and has already scaled a 300-plus-member GCC for a healthcare client [5][6] - New engagements have been signed with a global cybersecurity provider and a sustainability-focused SaaS leader to establish multi-country GCCs in India and Mexico [5][6] Management Commentary - CEO Ajay Khare emphasized that FY 2025 was pivotal for Aeries, highlighting the intentional strategy to focus on core business and streamline operations [6] - CFO Daniel Webb noted strong traction with new clients and a leaner cost structure, indicating that 2026 is on track to be the company's best year yet [6]