Freightos reports Q2 EPS (9c), consensus (9c)

Reports Q2 revenue $, consensus $7.09M. “Freightos (CRGO) continues to solidify its position as a leader in the end-to-end digital transformation of the international freight industry, achieving robust Q2 results with a 31% year-over-year revenue increase. We have revised our full-year Transaction outlook upward, reflecting our confidence in sustained growth,” said Zvi Schreiber, CEO. “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…” “Our Q2 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,” said Pablo Pinillos, CFO. “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.”