NEW YORK, July 03, 2025 (GLOBE NEWSWIRE) — Aeries Technology, Inc. (“Aeries” or the “Company”), a leading partner to private-equity-backed enterprises building and scaling Global Capability Centers (“GCCs”), today announced that it held its Annual Fiscal Year 2025 Earnings and Business Update Conference Call earlier today. Chief Executive Officer Ajay Khare and Chief Financial and Investment Officer Daniel Webb reviewed full-year results, strategic progress, and the outlook for Fiscal Year 2026 during the call.
FY 2025 Earnings Call Highlights
- Revenue of $70.2 million.
- North-America revenue up 15% year-over-year to $65.5 million, now representing 93.3% of the total mix.
- Core Adjusted EBITDA of $7.4 million, exceeding the Company’s prior $6–7 million guidance range.
- Adjusted EBITDA of $(4.7) million and Operating Loss of $(28.8) million and net loss of $(21.6) million
- Loss was primarily due to one-time line items in 2025 that are not expected to continue in 2026
- $12.0 million loss from non-core business.
- $12.7 million stock based compensation expense was primarily due to a one-time issuance from the deSPAC.
- $7.0 million Business Combination and M&A transaction related costs due to deSPAC and M&A costs.
- Severance pay $0.7 million, related primarily to changes in our management. Our operational streamlining is complete and we don’t expect significant severance costs in the future
- Loss was primarily due to one-time line items in 2025 that are not expected to continue in 2026
- Year-end liquidity of $2.8 million in cash and $1.1 million of long-term debt.
Strategic & Operational Progress
- Sharpened focus on core GCC franchise serving PE-backed companies in North America, with legacy Middle-East operations fully wound down.
- Launch of an AI-Centric GCC Framework integrating intelligent automation and generative-AI agents; already scaled a 300-plus-member GCC for a flagship healthcare client.
- Signed engagements with a global cybersecurity provider and a sustainability-focused SaaS leader to establish multi-country GCCs in India and Mexico.
- Strengthened go-to-market team with the appointment of a Chief Growth and Strategy Officer to deepen private-equity relationships.
Fiscal 2026 Outlook Re-affirmed
- Revenue: $74 million – $80 million
- Adjusted EBITDA: $6 million – $8 million
Executive Commentary
“FY2025 was a pivotal year for Aeries,” said Chief Executive Officer Ajay Khare. “We made intentional decisions to sharpen our strategy and focus. That meant doubling down on our core business—helping Private Equity-backed companies with a presence in North America build and scale Global Capability Centers (GCCs)—and stepping away from lower-value, non-core geographies. We are no longer operating in the Middle East consulting markets, have completed all associated write-offs, and significantly tightened our cost structure. Those legacy issues are now behind us.”
“We believe 2026 is on track to be our best year yet. We’re seeing strong traction with new clients and our cost structure is now leaner. AI-led transformation is gaining pace, and our modular agents are already active in client environments,” added Chief Financial and Investment Officer Daniel Webb.
Conference-Call Transcript
A transcript will be available on the Investor Relations section of Aeries’ website at https://ir.aeriestechnology.com.
About Aeries Technology
Aeries Technology, Inc. (NASDAQ:AERT) partners with private-equity-backed enterprises to design, build, and operate Global Capability Centers that accelerate digital transformation and value creation. With more than 13 years of GCC expertise and a next-generation AI framework, Aeries delivers scalable technology, operations, and analytics solutions across India, Mexico, and other strategic locations.
Non-GAAP Financial Measures
The Company uses non-GAAP financial information and believes it is useful to investors as it provides additional information to facilitate comparisons of historical operating results, identify trends in its underlying operating results and provide additional insight and transparency on how it evaluates the business. The Company uses non-GAAP financial measures to budget, make operating and strategic decisions, and evaluate its performance. The Company has detailed the non-GAAP adjustments that it makes in the non-GAAP definitions below. The adjustments generally fall within the categories of non-cash items. The Company believes the non-GAAP measures presented herein should always be considered along with, and not as a substitute for or superior to, the related GAAP financial measures. In addition, similarly titled items used by other companies may not be comparable due to variations in how they are calculated and how terms are defined. For further information, see “Reconciliation of Non—GAAP Financial Measures” below, including the reconciliations of these non-GAAP measures to their most directly comparable GAAP financial measures.
The Company defines Adjusted EBITDA as net income from operations before interest, income taxes, depreciation and amortization, further adjusted to exclude stock-based compensation, M&A transaction-related costs, and changes in fair value of derivative liabilities. The Company define Core Adjusted EBITDA as Adjusted EBITDA less EBITDA from non-core business. Our core business includes GCC services provided to private equity-backed companies, primarily in North America, characterized by long-term relationships, recurring contracts, and multi-year revenue streams. In contrast, our non-core business includes consulting services, primarily for customers in the Middle East, which typically involve one-time engagements with extended collection cycles. Moving forward, we aim for the majority of our revenue to be generated from our core business, and we do not plan to enter into new customer contracts outside North America.
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Adjusted EBITDA and Core Adjusted EBITDA are key performance indicators the company uses in evaluating our operating performance and in making financial, operating, and planning decisions. The Company believes these measures are useful to investors in the evaluation of Aeries’ operating performance as such information was used by the Company’s management for internal reporting and planning procedures, including aspects of our consolidated operating budget and capital expenditures. Some of the limitations of Adjusted EBITDA and Core Adjusted EBITDA include: each of these measures does not reflect (i) our cash expenditures or future requirements for capital expenditures or contractual commitments or foreign …