Freightos Executes Cost Optimization Plan to Support Path to Profitability Accessibility StatementSkip Navigation BARCELONA, Spain, March 26, 2026 /PRNewswire/ -- Freightos Limited (NASDAQ: CRGO), the leading vendor-neutral global freight pricing, booking and procurement platform, today announced a cost optimization plan that includes a global workforce reduction of up to 15%, to improve operating efficiency and support its previously communicated path to Adjusted EBITDA breakeven by the end of 2026. Th ...

Freightos Files Annual Report on Form 20-F for the Year Ended December 31, 2025 Accessibility StatementSkip Navigation BARCELONA, Spain, March 26, 2026 /PRNewswire/ -- Freightos Limited (NASDAQ: CRGO) the leading vendor-neutral global freight pricing, booking and procurement platform, announced today that it 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 (the "SEC"). The annual report, which contains Freightos' audit ...

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]

Q3 2025 Highlights - Transactions reached 429,000, a 27% year-over-year growth[19] - Revenue hit a record $7.7 million, representing a 24% year-over-year increase[19] - The platform attracted 20,600 unique buyer users[19] Financial Performance & Guidance - Q4 2025 transaction guidance is 438,000-444,000, a 29%-31% year-over-year growth[62] - Q4 2025 revenue guidance is $7.4 million - $7.5 million, a 20%-22% year-over-year growth[62] - FY 2025 transaction guidance is 1,636,000-1,641,000, a 26% year-over-year growth[62] - FY 2025 revenue guidance is $29.5 million - $29.6 million, a 24% year-over-year growth[62] - Adjusted EBITDA for Q4 2025 is projected to be a loss of $2.7 million - $2.6 million[62] - Adjusted EBITDA for FY 2025 is projected to be a loss of $11.2 million - $11.1 million[62] Platform & Network Growth - Increased transaction volume from forwarder cohort by 17% year-over-year[44] - Increased transaction volume from carrier cohort by 28% year-over-year[44] - Non-IFRS gross margin reached 74.8% for the three months ended September 30, 2025[68]

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 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]