The company’s performance highlights a resilience in its diversified business model, even as geopolitical headwinds continue to affect global freight logistics. Total transaction volume on the platform reached 458,000, a 15% increase year-over-year, while the Gross Booking Value climbed 33% to $422 million. This growth in booking value was bolstered by sustained elevation in air freight rates, which currently track 25% above pre-conflict levels.
CEO and CFO Pablo Pinillos noted that the company is moving toward a unified brand identity to simplify its product portfolio for customers. While the firm reported an Adjusted EBITDA loss of $2.0 million, this represents an improvement over the $2.9 million loss recorded in the same period last year. Freightos maintains a solid liquidity position with $21.4 million in cash and short-term deposits, supporting its path toward an Adjusted EBITDA breakeven target by the end of 2026 and anticipated cash generation by mid-2027.
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