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Overview of Freightos' First Quarter Performance

Freightos Limited, the top vendor-neutral platform for global freight pricing and procurement, has recently disclosed its preliminary key performance indicators (KPIs) for the first quarter of 2026. Despite facing significant global challenges, notably in the Middle East, Freightos is focusing on scaling its solutions and software offerings to boost revenue.

Key Performance Indicators

In the first quarter of 2026, Freightos achieved notable transaction metrics. They reported a total of 425,000 transactions processed, showcasing a 15% increase compared to the previous year, but slightly below internal expectations. Managing their operations during a fluctuating market landscape remains crucial, especially considering the renewed military conflicts in key regions that directly affect shipping routes.

Transactions Growth

The ongoing military conflicts in the Middle East have undeniably affected the logistics environment. Excluding transactions related to this region, Freightos has observed stronger growth in other markets, indicating resilience and adaptability in their operational model. The company noted that their unique buyer users numbered approximately 20,600, marking a slight decrease from the previous quarter but a commendable 5% increase year-over-year.

Gross Booking Value (GBV)

Freightos reported a Gross Booking Value (GBV) of approximately $344 million, driven by a significant 24% growth year-over-year. The rise in GBV reflects the continued reliance on Freightos' platform despite market volatility, particularly due to high freight rates arising from capacity constraints in affected areas. The Webcargo portal remains a substantial contributor to this performance, emphasizing its critical role in Freightos' service offerings.

Strategic Focus

Pablo Pinillos, CEO and Interim CFO, commented on the quarterly achievements, emphasizing the importance of the Freightos platform in helping logistics companies navigate the ongoing regional crisis. By successfully facilitating a high volume of transactions, the company underscores its position as a reliable partner in global logistics, enabling customers to adapt to changing circumstances.

Freightos continues to align its strategy towards enhancing solution adoption among clients while advancing its path to profitability. The management believes that as workflow adoption deepens, transaction growth will follow suit, ensuring long-term sustainability.

Upcoming Earnings Report

Earnings results for the first quarter will be made available before the markets open on May 26, 2026. During this announcement, Freightos will host a conference call, providing detailed insights into their performance and future directions. Interested parties can access the live webcast from the Freightos investor relations webpage.

Conclusion

Freightos remains committed to adapting in a challenging environment while striving for growth in operational utilization and profitability. Its focus on providing advanced logistics solutions positions it well to support users effectively, even amid significant external challenges.

With the rapidly evolving landscape of international shipping, Freightos continues to be a beacon of innovation and resilience, demonstrating the power of technology in transforming global trade. The forthcoming earnings will further clarify its trajectory and strategic outlook as it embraces the future.