NEW YORK, Feb. 25, 2026 (GLOBE NEWSWIRE) -- Aeries Technology, Inc. (NASDAQ: AERT), a global leader in AI-enabled Global Capability Center (GCC) strategy and business transformation for private equity portfolio companies, today announced a new strategic advisory engagement with a leading global tax and financial advisory firm to support the expansion of its India-based GCC. Under the engagement, Aeries will deliver integrated advisory across people, processes, technology, and infrastructure as the client sc ...

Aeries Technology Inc. (NASDAQ:AERT) is one of the best up and coming penny stocks to buy. On February 9, Aeries Technology reported its FQ3 2026 earnings results, highlighting a turnaround in profitability despite flat year-over-year revenue of $17.5 million. The company achieved an Adjusted EBITDA of $2.5 million, an improvement from the $2 million loss recorded in the same period last year. The company’s CEO attributed the results to disciplined cost management, scaled Global Capability Center/GCC ope ...

Financial Data and Key Metrics Changes - For Q3 FY 2026, revenue was $17.5 million, slightly down from $17.6 million in the prior year period, while Adjusted EBITDA improved significantly to $2.5 million from a loss of $2 million in Q3 FY 2025, marking a notable turnaround [2][8][9] - Adjusted EBITDA margin was approximately 14.1%, reflecting a significant improvement from the previous year's negative margin [2][8] - Operating cash flow was positive for the third consecutive quarter at $2.4 million, indicating improved cash generation and stability in working capital [9][10] Business Line Data and Key Metrics Changes - The company reported strong delivery performance in India and Mexico, contributing to overall stability across its client base [2][3] - Automation initiatives have led to improved throughput and productivity, enhancing the operational efficiency across client programs [3][9] Market Data and Key Metrics Changes - The company continues to see strong engagement across the Private Equity ecosystem and multiple industry sectors, reinforcing its position and creating additional opportunities [4][5] - The nearshore presence in Mexico is scaling, with recent engagements further strengthening long-term positioning [4] Company Strategy and Development Direction - The company is focused on creating a predictable and efficient operating model, with a dual strength in its GCC delivery model and targeted AI execution [3][4] - Strategic relationships with clients are maturing into multi-year engagements across various business functions, highlighting the durability of client relations [5] - The outlook for fiscal 2027 anticipates revenue in the range of $80 million to $84 million, supported by multi-year contracts and ongoing program ramp-ups [7][10] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the revenue and profitability profile for fiscal 2027, citing strong visibility from signed contracts and active program ramp-ups [6][10] - The company is increasing its full-year fiscal 2026 Adjusted EBITDA guidance to a range of $7 million to $8 million, reflecting strong operating performance and improved delivery utilization [9] Other Important Information - The company achieved its third Great Place to Work certification, indicating strong talent retention and engagement across core delivery locations [5] - The balance sheet remains healthy, positioning the company well for continued growth and improved profitability [11] Q&A Session Summary - The call concluded without a Q&A session, as indicated by the operator's closing remarks [12]

Financial Data and Key Metrics Changes - Revenue for Q3 FY 2026 was $17.5 million, slightly down from $17.6 million in the prior year period [8] - Adjusted EBITDA improved significantly to $2.5 million from a loss of $2 million in Q3 FY 2025, marking a turnaround [8][9] - Adjusted EBITDA margin was approximately 14.1%, a notable improvement from the previous year's negative margin [2][8] - Operating cash flow was positive for the third consecutive quarter at $2.4 million, indicating strong cash generation [9] Business Line Data and Key Metrics Changes - The company reported stable revenue across its business lines, with improved margins driven by automation and efficiency initiatives [2][3] - Continued momentum in AI-led transformation and GCC practices contributed to operational improvements [3][4] - Multi-year engagements with clients are expected to enhance revenue visibility and profitability in the future [4][5] Market Data and Key Metrics Changes - The company is seeing strong engagement across the Private Equity ecosystem and various industry sectors, reinforcing its market position [4] - The nearshore presence in Mexico is scaling, with recent engagements further strengthening long-term positioning [4] Company Strategy and Development Direction - The company is focused on creating a predictable and efficient operating model, with an emphasis on automation and AI capabilities [2][3] - Strategic relationships with clients are maturing into multi-year engagements, highlighting the durability of client relations [5] - The outlook for fiscal 2027 anticipates revenue in the range of $80 million to $84 million, supported by signed contracts and active program ramp-ups [7][10] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the revenue and profitability profile for fiscal 2027, citing strong visibility from multi-year contracts [6][10] - The company expects further contributions to revenue and profits as programs progress towards steady state [10] - The balance sheet remains healthy, positioning the company well for continued growth and improved profitability [11] Other Important Information - The company achieved its third Great Place to Work certification, reflecting strong talent retention and engagement [5] - Adjusted EBITDA guidance for the full fiscal year 2026 has been increased to a range of $7 million to $8 million, up from the previous guidance of $6 million to $8 million [9] Q&A Session Summary - No specific questions or answers were provided in the content, thus this section is not applicable.

Financial Data and Key Metrics Changes - For Q3 FY 2026, revenue was $17.5 million, slightly down from $17.6 million in the prior year period, while Adjusted EBITDA improved significantly to $2.5 million from a loss of $2 million in Q3 FY 2025, marking a notable turnaround [2][8] - Adjusted EBITDA margin was approximately 14.1%, a significant improvement from a negative margin in the prior year quarter [2][3] - Operating cash flow was positive for the third consecutive quarter at $2.4 million, indicating strong cash generation capabilities [9] Business Line Data and Key Metrics Changes - The company reported stable revenue across its client base, with strong delivery performance noted in India and Mexico [2][3] - Automation initiatives have led to improved throughput and productivity, contributing to the overall financial performance [3][9] Market Data and Key Metrics Changes - The company continues to see strong engagement across the Private Equity ecosystem and multiple industry sectors, which supports revenue visibility and long-term margin expansion [4][5] - The nearshore presence in Mexico is scaling, with recent engagements further strengthening the company's long-term positioning [4] Company Strategy and Development Direction - The company is focused on creating a more predictable and efficient operating model, with an emphasis on automation and AI capabilities [3][5] - Strategic relationships with clients are maturing into multi-year engagements, enhancing the durability of client relations and the recurring nature of the business model [5][6] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the revenue and profitability profile for fiscal 2027, projecting revenue in the range of $80 million to $84 million and Adjusted EBITDA of $10 million to $12 million [6][10] - The outlook is supported by signed contracts and active program ramp-ups, which are expected to contribute to revenue and profits as they progress towards steady state [10][11] Other Important Information - The company has achieved its third Great Place to Work certification, reflecting strong talent retention and engagement across core delivery locations [5] - The balance sheet remains healthy, positioning the company well for continued growth while improving profitability and cash flow [11] Q&A Session Summary - No specific questions or answers were provided in the content, thus this section is not applicable.

Core Viewpoint - Aeries Technology is set to discuss its third quarter and fiscal year 2026 earnings results, highlighting strategic priorities for future growth [1]. Financial Performance - The earnings call will review results for the quarter ended December 31, 2025 [1]. Strategic Priorities - The company will outline strategic priorities that are shaping the next stage of its growth [1].

Financial Performance - Revenue for Q3 FY2026 was $17.5 million, with a net income of $1.2 million and an adjusted EBITDA of $2.5 million, reflecting a margin of 14.1%[7] - Aeries increased its FY26 adjusted EBITDA guidance to a range of $7 million to $8 million, up from the previous guidance of $6 million to $8 million[2] - For FY27, Aeries expects revenue between $80 million and $84 million, with an adjusted EBITDA range of $10 million to $12 million[3] - Revenues for the nine months ended December 31, 2025, were $50,149 million, a decrease of 1.9% compared to $51,147 million for the same period in 2024[24] - Gross profit for the nine months ended December 31, 2025, was $12,142 million, representing an increase of 4.4% from $11,627 million in 2024[24] - Net income for the nine months ended December 31, 2025, was $3,557 million, a significant improvement compared to a net loss of $15,575 million in the same period of 2024[27] - Adjusted EBITDA for the nine months ended December 31, 2025, was $6,045 million, compared to a loss of $3,931 million in 2024[30] - The adjusted EBITDA margin for the nine months ended December 31, 2025, was 12.1%, up from a margin of -7.7% in 2024[30] - The company reported a basic and diluted net income per Class A ordinary share of $0.06 for the nine months ended December 31, 2025, compared to a loss of $0.32 in 2024[24] - The weighted average shares outstanding of Class A ordinary shares for the nine months ended December 31, 2025, were 47,742,195, compared to 42,257,552 in 2024[24] Cash Flow and Assets - The company achieved positive operating cash flow of approximately $2.4 million for the third consecutive quarter, indicating improved operating leverage and cost discipline[7] - Cash flows from operating activities for the nine months ended December 31, 2025, provided $4,762 million, compared to cash used of $1,873 million in 2024[27] - Cash and cash equivalents at the end of the period were $2,570 million, a decrease from $2,764 million at the beginning of the period[28] - The total assets as of December 31, 2025, were $41.981 million, compared to $39.833 million as of March 31, 2025[21] - The total liabilities decreased from $45.937 million as of March 31, 2025, to $42.778 million as of December 31, 2025[21] - Aeries' accumulated deficit improved from $31.380 million as of March 31, 2025, to $28.547 million as of December 31, 2025[21] Market Demand and Strategy - Aeries reported continued strong demand from private equity portfolio companies and mid-market enterprises, contributing to increased client expansions and improved forward visibility[6] - Aeries' performance was driven by strong execution in India and Mexico, along with the increasing adoption of transformation programs and multi-year GCC engagements[4] - The company has strengthened its talent acquisition capabilities through a strategic partnership with a global recruitment firm to support scaling client programs[8]

Core Viewpoint - Aeries Technology, Inc. reported solid financial results for Q3 FY2026, with increased adjusted EBITDA guidance for the full year and positive operating cash flow for the third consecutive quarter, driven by strong execution in key markets and ongoing client program expansions [1][4][8]. Financial Performance - For Q3 FY2026, Aeries achieved revenue of $17.5 million, net income of $1.2 million, and adjusted EBITDA of $2.5 million, reflecting a margin of 14.1% [10][23]. - The company has raised its full-year fiscal 2026 adjusted EBITDA guidance to a range of $7 million to $8 million, up from the previous guidance of $6 million to $8 million [2][8]. - For fiscal 2027, Aeries anticipates revenue between $80 million and $84 million, with adjusted EBITDA expected to be in the range of $10 million to $12 million [3]. Operational Highlights - The company experienced strong performance in India and Mexico, with increased adoption of transformation programs and expansion of multi-year Global Capability Center (GCC) engagements [4][11]. - Aeries generated positive operating cash flow of approximately $2.4 million for the third consecutive quarter, indicating improved operating leverage and cost discipline [10][11]. - The company has enhanced its talent acquisition capabilities through a strategic partnership with a global recruitment firm to support the scaling of client programs [7]. Market Position and Strategy - Aeries is recognized for its automation and AI delivery initiatives, contributing to strong demand from private equity portfolio companies and mid-market enterprises [6][8]. - The company is focused on building a more predictable and efficient operating model, supported by automation-driven productivity gains and disciplined execution across client programs [5][8].

Core Insights - Aeries Technology, Inc. has announced a multi-year, multi-million-dollar engagement with a leading global financial services firm to establish a Global Capability Center in Bangalore [1][2] - The center will focus on developing the client's next-generation platform and modernizing its core digital infrastructure, leveraging India's engineering talent [2][3] - This partnership reflects the trend among global financial institutions to adopt cloud solutions and undergo large-scale digital transformations [3] Company Strategy - Aeries is building a specialized engineering team in Bangalore that will enhance platform engineering, cloud infrastructure, and data capabilities [4] - The establishment of the center is part of Aeries' broader strategy to scale premium technology delivery through innovation-led Global Capability Center operations [4] - The partnership includes a structured growth pathway, allowing the center to expand based on delivery performance and client priorities, ensuring long-term value creation [4] Company Background - Aeries Technology is recognized as a leader in AI-enabled value creation and business transformation, particularly for private equity portfolio companies [5] - Founded in 2012, the company has received Great Place to Work Certification for three consecutive years, highlighting its commitment to workforce development [5]

Core Insights - Aeries Technology has formed a strategic partnership with Michael Page to enhance productivity and client retention through integrated specialist hiring and GCC operating model [1][2] Company Overview - Aeries Technology, Inc. is a leader in AI-enabled value creation and business transformation, focusing on Global Capability Center (GCC) delivery for private equity portfolio companies [4] - Michael Page is a global recruitment firm specializing in mid-to-senior-level talent acquisition with over 40 years of experience [5] Partnership Details - The collaboration allows Aeries to utilize Michael Page's recruitment processes for faster access to vetted talent in engineering, finance, IT, and business operations, enhancing operational efficiency for enterprise clients [2][3] - Michael Page will incorporate Aeries' GCC advisory services into its offerings, providing a comprehensive solution for organizations aiming to establish and scale operations in India [2][3] Market Potential - The partnership addresses the increasing demand for India-based GCC capabilities, with projections indicating that India's GCC market could reach approximately $110 billion by 2030 [3] - Aeries and Michael Page aim to capture opportunities across the entire spectrum of GCC requirements, from talent acquisition to operational delivery [3]