Freightos Limited announced that Pablo Pinillos, who has served as the company’s Chief Financial Officer since March 2025 and as Interim CEO since January 2026, will become the new Chief Executive Officer effective March 16, 2026.
Freightos’ 2025 financial results provide context for the new CEO’s mandate. The company reported full‑year revenue of $29.5 million, up 24% from 2024, and an adjusted EBITDA of negative $11.2 million. In the fourth quarter of 2025, revenue was $7.4 million, up 12% year‑over‑year, while adjusted EBITDA remained negative at $2.7 million. These figures illustrate the scale of the profitability challenge the new CEO will face.
Pinillos’ strategic priorities focus on expanding the Solutions business, accelerating ocean freight integration, and driving the company toward EBITDA breakeven in the fourth quarter of 2026. The Solutions segment grew 27% YoY to $19.6 million in 2025, while the Platform segment grew 18% YoY to $9.9 million, underscoring the company’s shift toward higher‑margin SaaS‑style offerings. The emphasis on ocean freight integration follows the launch of WebCargo Rate & Quote Ocean and aims to broaden Freightos’ market reach beyond air freight.
"Leading this talented team is a privilege, and I am fully committed to the monumental task of digitalizing international freight to improve global trade. My focus remains on disciplined execution, delivering on our shorter‑term commitments, including reaching financial break even in Q4 of this year, while positioning us for long‑term growth," said Pinillos. "Throughout his tenure as CFO and interim CEO, Pablo has demonstrated a deep understanding of our business, as well as the strategic and operational discipline necessary to scale Freightos in a complex global market. His experience in high‑growth technology environments and his proven leadership within Freightos gave the board unanimous confidence in his ability to lead the company, shape its next phase of profitable growth, and continue advancing our vision for digitalizing global freight," added Udo Lange, Chairman of the Board.
Freightos’ transition to a professional CEO follows the departure of founder Zvi Schreiber from the CEO role on January 31, 2026. The company remains well‑capitalized, with approximately $28 million in cash at the end of 2025, sufficient to fund operations until the targeted breakeven point. While foreign‑exchange headwinds pressured adjusted EBITDA in the second half of 2025, the company’s focus on higher‑margin Solutions and ocean freight integration positions it to capture growth in a market that continues to digitize freight logistics.
The appointment signals continuity and a renewed focus on profitability. By leveraging its growing Solutions portfolio and expanding ocean freight capabilities, Freightos aims to convert its revenue growth into sustainable earnings, setting the stage for a profitable future while maintaining its competitive position in the digital freight platform market.
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