Q3 2025 Freightos Ltd Earnings Call Transcript
Key Points
- Freightos Ltd (CRGO) processed 429,000 transactions in Q3 2025, marking a 27% year-on-year increase and the 23rd consecutive quarter of record transactions.
- The company has expanded its strategic partnerships, notably with Visa and Transcard, enhancing its payment solutions and demonstrating significant potential in the $600 billion international freight market.
- Freightos Ltd (CRGO) launched a new multimodal rate management and quoting SaaS product, WebCargo Rate & Quote Ocean, which has been commercially validated with major clients like Nippon Express.
- Gross margins improved significantly, with IFRS gross margin rising from 65% to 69.1% and non-IFRS gross margin increasing from 72.7% to 74.8%, reflecting strong operational leverage.
- The company is on track to reach adjusted EBITDA breakeven by Q4 2026, supported by disciplined cost management and operational efficiency improvements.
- Despite revenue growth, Freightos Ltd (CRGO) faces challenges with longer sales cycles for enterprise SaaS deals due to tariffs and macroeconomic uncertainties.
- The company experienced foreign exchange headwinds, impacting adjusted EBITDA and reducing the gains from operational improvements.
- Freightos Ltd (CRGO) anticipates a more modest year-on-year improvement in adjusted EBITDA for the full year due to revenue composition shifts and FX impacts.
- The transition to digital booking for ocean carriers is expected to contribute meaningfully to revenue only by 2028, indicating a slow adoption pace in the conservative industry.
- Revenue growth is slowing in Q4 2025, attributed to delays in closing solutions revenue deals and the completion of a non-recurring project.
Hello, and welcome to Freightos Q3 2025 earnings conference call. A press release with detailed financial results was released earlier today and is available on the Investor Relations section of our website, freightos.com/investors. My name is Anat Earon-Heilborn, and I'm joined today by Dr. Zvi Schreiber, the CEO of Freightos; and Pablo Pinillos, CFO.
Following the prepared remarks, we'll open the call for questions. We are sharing slides during the call and using video, so we recommend using Zoom on a computer rather than dialing in by phone. The slides, as well as a recording of this earnings call, will be available on our website shortly after the call.
Please be aware that today's discussion contains forward-looking statements, which are subject to a number of risks and uncertainties. Actual results may differ materially due to various risk factors. Please refer to today's press release and our SEC filings for more information on risk factors and other factors, which could impact forward-looking statements. Copies of these
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