Strong Financial Performance
Freightos Limited (NASDAQ: CRGO) posted revenue of $7.4 million in the second quarter of 2025, up 31% from the same period last year. Gross margin improved to 67.1% under IFRS, with non-IFRS gross margin at 73.5%. The company reported a net loss of US$4.3 million, compared to US$5.3 million in Q2 2024. Adjusted EBITDA came in at negative US$2.9 million, a slight improvement from last year.
Record Transactions and Carrier Growth
Freightos processed 397,000 transactions during the quarter, a 26% year-over-year increase and its 22nd straight record quarter. The platform added four new carriers, bringing the total to 75. New additions included China Airlines and Air Europa.
Expanding Customer Base
Around 20,200 unique buyers booked services digitally on the platform, up 6% year-over-year. Gross Booking Value hit US$317 million, a 56% jump driven by higher transaction volumes and strong portal activity.
Business Outlook
Freightos raised its full-year transaction forecast, citing sustained growth despite global trade uncertainty. CEO Zvi Schreiber said the results highlight the company’s resilience and role in driving digital transformation in freight. CFO Pablo Pinillos added that currency fluctuations may weigh on EBITDA but will have little impact on cash reserves, which stood at US$34.1 million at the end of June. The company remains on track to reach breakeven adjusted EBITDA by late 2026.
