Aeries Technology (AERT)

• Aeries Technology, Inc. shareholders approved share consolidation resolutions at the 2026 Annual General Meeting on March 3, 2026, though the company does not intend to implement a share consolidation in the near term.
• The Board retains the authority to effect a consolidation of Class A ordinary shares at a ratio of up to one-for-ten (1:10), to be implemented at its discretion before the next annual general meeting.
• The company authorized a $5.0 million share repurchase program for its Class A ordinary shares on March 2, 2026, as part of its focus on strengthening operational performance.

• Aeries Technology, Inc. announced a $5.0 million share repurchase authorization for its outstanding Class A ordinary shares.
• The share repurchase program is authorized to occur over a twelve-month period, with repurchases potentially made through various methods such as open market purchases or private transactions.
• The Board of Directors authorized the program, reflecting confidence in the company's strategy and a commitment to enhancing long-term shareholder value.

• Aeries Technology reported Q3 FY2026 revenue of $17.5 million and Adjusted EBITDA of $2.5 million, representing a significant improvement from a negative Adjusted EBITDA in the prior year quarter. The company also achieved positive operating cash flow of $2.4 million for the third consecutive quarter.
• The company increased its full-year fiscal 2026 Adjusted EBITDA guidance to a range of $7 million-$8 million, up from the prior guidance of $6 million-$8 million, driven by strong operating performance and improved delivery utilization.
• For fiscal year 2027 (April 2026 to March 2027), Aeries Technology anticipates revenue in the $80 million-$84 million range and Adjusted EBITDA of $10 million-$12 million, supported by signed multi-year contracts and active program ramp-ups.
• These results are attributed to continued stability across the client base, strong delivery performance in India and Mexico, ongoing efficiency improvements, scaled GCC operations, and increasing adoption of AI and automation capabilities.

• Aeries Technology reported Q3 FY2026 revenue of $17.5 million and Adjusted EBITDA of $2.5 million, representing a significant improvement from a negative Adjusted EBITDA in the prior year quarter.
• The company achieved positive operating cash flow of $2.4 million for the third consecutive quarter.
• Aeries increased its full-year fiscal 2026 Adjusted EBITDA guidance to a range of $7 million-$8 million.
• For fiscal year 2027, the company anticipates revenue between $80 million and $84 million and Adjusted EBITDA of $10 million to $12 million, supported by multi-year contracts, GCC expansion, and AI implementation.

• Aeries Technology reported Q3 FY2026 revenue of $17.5 million and Adjusted EBITDA of $2.5 million, marking a significant turnaround from a negative Adjusted EBITDA in the prior year quarter.
• The company delivered positive operating cash flow for the third consecutive quarter at $2.4 million.
• Aeries Technology increased its full-year fiscal 2026 Adjusted EBITDA guidance to a range of $7 million-$8 million from the prior guidance of $6 million-$8 million.
• For fiscal 2027, the company expects revenue in the $80 million-$84 million range and Adjusted EBITDA of $10 million-$12 million, anchored by multi-year contracts, GCC expansion, and AI implementation.

Aeries Technology, Inc. announced its financial results for the third quarter of fiscal 2026, ended December 31, 2025, and provided updated guidance and outlook.

• For the quarter ended December 31, 2025, Aeries Technology reported revenue of $17.5 million and net income of $1.2 million.
• The company achieved Adjusted EBITDA of $2.5 million with a 14.1% margin and generated $2.4 million in positive operating cash flow for the third consecutive quarter.
• Aeries Technology increased its full-year fiscal 2026 Adjusted EBITDA guidance to a range of $7 million to $8 million.
• For fiscal 2027, Aeries expects revenue in the range of $80 million to $84 million and Adjusted EBITDA in the range of $10 million to $12 million.

• For Q2 FY2026, ended 09/30/2025, Ares Technologies reported $17.36 million in revenue, $0.64 million in GAAP net income, and $2.55 million in adjusted EBITDA, representing a significant improvement compared to the prior year.
• The company achieved its strongest six-month performance in history for the first half of fiscal year 2026, generating $32.69 million in revenue, $2.32 million in net income, and $2.39 million in cash flow from operations.
• Ares Technologies is progressing beyond a turnaround phase, expanding its India and Mexico operations with plans to hire over 500 new roles, and securing new enterprise clients and AI partnerships to strengthen its delivery capabilities and market position.
• The company maintains its full-year fiscal 2026 adjusted EBITDA guidance of between $6 million and $8 million, with new contracts expected to contribute increasing revenue over the next several quarters.

• On October 1, 2025, Aeries Technology, Inc. entered into a Sales Agreement with Roth Capital Partners, LLC.
• This agreement allows the company to offer and sell up to $4.485 million of its Class A ordinary shares through an "at-the-market offering".
• Roth Capital Partners, LLC will receive a 3.0% commission on the gross sales price of the shares sold, in addition to reimbursement for certain expenses.
• The shares will be sold pursuant to the company's shelf registration statement on Form S-3, which was filed with the SEC on October 1, 2025.

• On September 16, 2025, Aeries Technology, Inc. entered into a Letter Agreement with Sandia Investment Management LP to amend a prior Forward Purchase Agreement.
• The agreement allows Sandia to sell its Class A ordinary shares, at a price not lower than $1.05 per share, through December 31, 2025, to offset Aeries' payment obligations.
• As of September 16, 2025, Aeries' remaining liability to Sandia is $2,656,222.87, after accounting for $343,777.13 in previously generated sales proceeds.
• If the proceeds from share sales are insufficient by December 31, 2025, Aeries will issue additional Class A ordinary shares to Sandia, with a minimum issuance of 500,000 shares, based on a per-share price of at least $1.00.
• The Letter Agreement also clarifies Aeries' payment obligations in the event of a Change in Control or delisting from the Nasdaq Capital Market.