Aeries Technology reports Q1 revenue of $15.3mln, net income of $1.7mln.

• Aeries Technology reports Q1 FY2025 revenue of $15.3 million. • Strong demand for AI-powered GCC services drives growth. • SG&A expenses reduced by 85% YoY. • Operating profit reaches $0.8 million, up $17.2 million YoY. • EBITDA at $2.3 million, adjusted EBITDA at $1.0 million. • Net income improves by $17.0 million to $1.7 million. • Cash flow from operations reaches $1.4 million.

Aeries Technology, Inc. (AERT), a global leader in AI-powered business transformation and Global Capability Center (GCC) services, has announced its financial results for the first quarter ended June 30, 2025. The company reported its strongest first quarter in history, achieving positive operating cash flow and a significant $17.0 million year-over-year improvement in net income [1].

Financial Highlights
For the quarter ended June 30, 2025, Aeries Technology reported:
- Revenue: $15.3 million, driven by strong demand for core AI-powered GCC services.
- SG&A Expenses: Reduced by more than 85% year-over-year.
- Operating Profit: $0.8 million, up $17.2 million year-over-year.
- EBITDA: $2.3 million; Adjusted EBITDA of $1.0 million.
- Net Income: $1.7 million, compared to a $15.3 million net loss in Q1 FY2025.
- Cash Flow from Operations: $1.4 million, reversing negative cash flow from the first quarter of FY2025.

Business and Operational Highlights
Aeries Technology's AI-first GCC model has enabled clients to achieve speed, scale, and efficiency beyond traditional approaches. The company has deployed AI solutions designed to cut process times by more than half, improve productivity, and deliver measurable ROI in weeks. This competitive advantage continues to attract and retain Private Equity-backed companies seeking transformation partners with proven execution capabilities [1].

Strategic Initiatives and Corporate Developments
Over the past few months, Aeries has transformed its operating model to produce sustainable profitability and growth by:
- Exiting non-core operations to concentrate on high-value GCC and AI-powered transformation services.
- Increasing focus on PE-owned business and GCCs, resulting in multiple new client wins.
- Strengthening the leadership team and aligning skill sets to core offerings.
- Integrating nearshore (Mexico) and offshore (India) delivery to improve speed, cost efficiency, scalability, and innovation.
- Optimizing project governance and delivery to protect margins and accelerate client outcomes.
- Reducing non-recurring costs and implementing stronger expense controls [1].

Management's Perspective
Ajay Khare, Chief Executive Officer, commented, "Cash flow positivity and delivering our strongest start to a fiscal year is a major milestone for Aeries. These results are the outcome of a deliberate transformation — we streamlined operations, strengthened cost controls, and focused on the core offerings. This discipline has helped to drive profitability and reinforced our ability to deliver measurable results for clients" [1].

Daniel Webb, Chief Financial Officer & Chief Investment Officer, added, "This quarter’s results reflect disciplined execution and structural changes. We now have a business model where incremental revenue growth can translate directly into net income and cash flow, giving us flexibility to reinvest in innovation, scale, and client success" [1].

Future Outlook
Aeries reaffirmed its full-year FY2026 guidance:
- Revenue: $74 million – $80 million.
- Adjusted EBITDA: $6 million – $8 million.

Ajay Khare concluded, "With a cash-flow-positive quarter, advanced AI capabilities, and deep PE partnerships, we are better positioned to deliver the strongest financial year in Aeries’ history" [1].

References:
[1] https://www.tradingview.com/news/tradingview:95cf5b3b42c47:0-aeries-technology-reports-record-q1-fy2026-results/