Freightos Limited has reported its financial results for the quarter ended June 30, 2025.
Zvi Schreiber, CEO of Freighto said: “Freightos continues to solidify its position as a leader in the end-to-end digital transformation of the international freight industry, achieving robust second-quarter results with a 31% year-over-year revenue increase.
“We have revised our full-year Transaction outlook upward, reflecting our confidence in sustained growth,”s.
“Amid global trade uncertainty and fluctuating market demands, Freightos has demonstrated exceptional resilience through our platform’s unique capabilities and strategic adaptability.
While we observe more measured enterprise spending, these conditions present opportunities to innovate and strengthen our service offerings, adding greater value as customers navigate this dynamic environment.
Together with our new chairman and the additional expertise on our board, we are marking a new chapter for the company as we pursue our strategic vision.”
Pablo Pinillos, CFO of Freightos said: “Our second-quarter performance reflects a strong revenue increase, surpassing our expectations and underscoring our ability to adapt and grow in challenging market conditions.
“Adjusted EBITDA was in line with our expectations and would have exceeded expectations if it wasn’t for the appreciation of the EUR and other currencies against the USD,”.
“Looking ahead to the second half of the year, currency rate fluctuations may continue moderately impacting Adjusted EBITDA, but will have little effect on our closing cash position, thanks to effective hedging.
“Overall, our revised outlook reflects optimism about Transactions and revenue growth, and our commitment to rigorous financial discipline.
“We remain steadfast in our goal to reach breakeven Adjusted EBITDA by the end of 2026.”
Second Quarter 2025 Financial Highlights
- Revenue of $7.4 million for the second quarter of 2025, an increase of 31% compared to $5.7 million in the second quarter of 2024.
- IFRS Gross Margin of 67.1%, up from 64.9% in the second quarter of 2024. Non-IFRS Gross Margin of 73.5%, up from 72.0% for the second quarter of 2024.
- IFRS loss of $4.3 million, compared to $5.3 million in the second quarter of 2024.
- Adjusted EBITDA of negative $2.9 million, compared to negative $3.1 million in the second quarter of 2024.
- Cash and cash equivalents and short-term bank deposit amounting to $34.1 million as of the end of June 2025.
Recent Business Highlights
- Transactions Growth: Freightos achieved a record 397 thousand Transactions in the second quarter of 2025, up 26% year over year. This was the 22nd consecutive quarter of record Transactions.
- Carrier Growth: The number of carriers selling on the platform increased from 71 in the first quarter of 2025 to 75 in the second quarter, reflecting the addition of prominent airlines such as China Airlines and Air Europa, along with specialized sellers that enhance the platform’s service diversity.
- Unique Buyer Users: The number of Unique buyer users digitally booking freight services across the platform grew by 6% compared to the second quarter of 2024, reaching approximately 20,200.
- Gross Booking Value Growth: Gross Booking Value (GBV) was $317 million in the second quarter, up 56% compared to the second quarter of 2024. This growth was supported by higher transaction volumes and strong contribution from the portal component.
- Revenue Growth: Second quarter revenue of $7.4 million was up 31% from the second quarter of 2024. The main contributors to the growth were the addition of Shipsta and strong organic performance from SaaS solutions and from customs clearance services, on top of continued solid growth of the WebCargo by Freightos platform. Total Platform revenue in the second quarter was $2.5 million, up 23% from the second quarter of 2024, and Solutions revenue was $4.9 million, up 36% year over year.