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SYMBOL
LAST
BID
ASK
HIGH
LOW
NET CHG.
%CHG.
SPREAD
SPX
S&P 500 Index
6840.50
6840.50
6840.50
6864.93
6837.42
-6.01
-0.09%
--
DJI
Dow Jones Industrial Average
47560.28
47560.28
47560.28
47957.79
47533.60
-179.03
-0.38%
--
IXIC
NASDAQ Composite Index
23576.48
23576.48
23576.48
23616.46
23449.73
+30.58
+ 0.13%
--
USDX
US Dollar Index
99.120
99.200
99.120
99.210
98.960
-0.060
-0.06%
--
EURUSD
Euro / US Dollar
1.16328
1.16336
1.16328
1.16575
1.16215
+0.00071
+ 0.06%
--
GBPUSD
Pound Sterling / US Dollar
1.33084
1.33093
1.33084
1.33268
1.32894
+0.00133
+ 0.10%
--
XAUUSD
Gold / US Dollar
4193.95
4194.29
4193.95
4218.67
4187.63
-13.22
-0.31%
--
WTI
Light Sweet Crude Oil
58.382
58.412
58.382
58.466
57.945
+0.227
+ 0.39%
--

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Donald Trump's Tariffs Intensify Strain On US Farmers, Deere Warns

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India Trade Ministry: India Commerce Secretary Met USA Dy Trade Rep Switzer, Both Sides Exchanged Views On Trade, Economic Ties

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Bank Of Canada To Keep Rates Steady At 2.25% After Robust Economic Data Bolsters Bets For A Long Hold

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USA Wants International Criminal Court To Commit Not To Prosecuting Trump And His Top Officials, Or Will Sanction More International Criminal Court Officials - Trump Administration Official

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Leader: Colombia's Eln Rebels Willing To Resume Talks

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Federal Tax Prosecutions Down More Than 27% From 2024 As Trump Administration Cuts Ranks Of Attorneys And Agents

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European Central Bank President Christine Lagarde: The Eurozone Economy Is Quite Close To Its Potential Level

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French Government Spokesperson: Meeting Of Coalition Of The Willing On Ukraine To Be Held Tomorrow

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European Central Bank Governor Lagarde: The ECB Is Still In A Good Position And May Revise Its Forecasts Upward Again In December

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Germany's Mueller: We Envisage Significant Increases Of Permitted Equity Return Rates For The Coming Regulatory Periods In Power And Gas Grids, There Will Be Clarity For The Gas Sector In 2026, For Power Later

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German Energy Regulator Klaus Mueller: We Will Present Draft Regulation For High-Voltage Power Networks, Separate From December 10's Ruling On Distribution Grids, On January 21, 2026, And Take A Decision In Q3 2026

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Malaysia's Dec 1-10 Palm Oil Exports Fall 15.0%

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UK's Reeves: I Recognise That Fiscal Consolidation Needs To Be Consistent In Parliament

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Morgan Stanley: Still Expects The Bank Of England To Cut Interest Rates In February, April And June

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Morgan Stanley No Longer Expects BOE To Cut Interest Rates In March 2026 Taking Terminal Rate To 3% From Prior Forecast 2.75%

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UK's Reeves: I Can Rule Out Scrapping Pension Triple Lock In This Parliament

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UK's Reeves: I Can Rule Out Capital Gains Tax On Primary Residences In This Parliament

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[NASDAQ 100 Index Futures Fall 0.3%] December 10, According To Market Data, U.S. Stock Futures Hit An Intraday Low, With NASDAQ 100 Index Futures Falling 0.3%

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German Regulator: We Are Pairing Higher Earnings Promises For Power Grids With Strong Efficiency Incentives For Operators, To Ensure Lowest Possible Energy Transition Costs For Consumers

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Lebanon's State News Agency: Lebanese Foreign Minister Suggested Holding Talks With Iran In A Third Neutral Country

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          Aeries Technology Demonstrates 60% AP Processing Acceleration with AI-Powered Invoice Automation

          Newsfile Corp.
          Aeries Technology
          +3.40%
          Aeries Technology, Inc. Warrant
          -10.71%

          Three-Month Proof of Concept Validates Market Opportunity in $7.1B Global Accounts Payable Automation Sector

          New York, New York--(Newsfile Corp. - December 8, 2025) - Aeries Technology, Inc. , a global leader in AI-powered business transformation and Global Capability Center (GCC) services, announced successful completion of a three-month proof of concept with a leading enterprise healthcare organization to modernize accounts payable operations.

          The healthcare enterprise faced a common challenge: managing unstructured invoice PDFs through manual, labor-intensive workflows with high error rates and processing delays. Aeries executed a rapid, low-risk pilot leveraging Azure AI Document Intelligence to intelligently extract, classify, and validate invoice fields, feeding into human-in-the-loop exception handling workflows.

          Results:

          • Document field extraction accuracy exceeded 70%.
          • Invoice processing time dropped by approximately 60%.
          • Operations now run error-free with AI-powered exception handling.

          "This engagement exemplifies our go-to-market approach: consulting-led delivery combining functional expertise with AI-enabled solutions that de-risk implementation and accelerate time-to-value for our clients," said Sachin Aghor, Chief Delivery Officer at Aeries Technology. "Enterprises increasingly want to validate AI business cases before full deployment. Our ability to execute rapid, results-driven proof of concepts positions us to win the initial engagement and establish long-term strategic partnerships."

          Industry analysts project the global accounts payable automation market to reach USD 7.1 billion by 2030, growing at a CAGR of 12.5%, with North America accounting for 33.2% of global revenue. Aeries' rapid-deployment, consulting-led model is uniquely positioned to capture share in this expanding market, particularly among enterprises seeking to de-risk AI investments through validated proof of concepts before scaling to full transformation engagements.

          About Aeries Technology

          Aeries Technology is a global leader in AI-enabled value creation, business transformation, and Global Capability Center (GCC) delivery for private-equity (PE) portfolio companies, supporting scalable, technology-driven execution. Founded in 2012, its commitment to workforce development has earned it the Great Place to Work Certification for two consecutive years.

          Media ContactIR@aeriestechnology.com

          Forward-Looking Statements

          This press release contains forward-looking statements, including statements regarding product launches, leadership strategy, business expansion plans, initiatives, and operational transformation. These statements are subject to risks and uncertainties as detailed in the Company's filings with the U.S. Securities and Exchange Commission, which are incorporated herein by reference. Actual results may differ materially. The Company disclaims any obligation to update forward-looking statements except as required by law.

          To view the source version of this press release, please visit https://www.newsfilecorp.com/release/277255

          Risk Warnings and Disclaimers
          You understand and acknowledge that there is a high degree of risk involved in trading. Following any strategies or investment methods may lead to potential losses. The content on the site is provided by our contributors and analysts for information purposes only. You are solely responsible for determining whether any trading assets, securities, strategy, or any other product is suitable for investing based on your own investment objectives and financial situation.
          Add to Favorites
          Share

          New to The Street Broadcasts Tonight on Bloomberg at 6:30 PM EST Featuring Roadzen, BioVie, and TY J Young Wealth

          Acceswire
          Aeries Technology
          +3.40%
          Aeries Technology, Inc. Warrant
          -10.71%
          BioVie
          -2.52%
          B
          BioVie Inc. Warrant
          0.00%
          WiSA Technologies
          +0.64%

          Tonight's show is sponsored by commercials from Laser Photonics, DataVault, Aeries Technology, Sustainable Green Team, PetVivo, and Synergy CHC

          NEW YORK CITY, NY / ACCESS Newswire / December 6, 2025 / New to The Street, one of the nation's most established and fastest-growing financial news and sponsored-programming platforms, announces tonight's nationwide television broadcast on Bloomberg Television at 6:30 PM EST. The episode features executive interviews with Roadzen , BioVie , and TY J Young Wealth, offering viewers cutting-edge insights across AI mobility, biotech innovation, and strategic wealth management.

          Featured Interviews on Tonight's Broadcast

          Roadzen

          A deep dive into Roadzen's AI-powered auto insurance platform and the company's global expansion initiatives redefining mobility risk intelligence.

          BioVie

          An update on the company's advancing clinical programs targeting neurological and liver-related diseases, with insight into upcoming milestones.

          TY J Young Wealth

          A segment focused on wealth-building frameworks, financial strategy, and guidance for investors preparing for 2026 market conditions.

          Show Sponsors

          Tonight's broadcast is made possible through commercial sponsorships from leading innovators across multiple industries:

          • Laser Photonics

          • DataVault Holdings

          • Aeries Technology

          • The Sustainable Green Team (OTCQX:SGTM)

          • PetVivo Holdings

          • TY J Young Wealth

          • Synergy CHC

          These sponsors support New to The Street's mission of providing unmatched national visibility for public companies through television, digital distribution, and outdoor media.

          About New to The Street

          New to The Street, produced by FMW Media, is one of America's longest-running and most influential financial television brands, approaching its 17th anniversary. The platform broadcasts sponsored programming on Bloomberg Television and Fox Business, with additional distribution across digital networks and outdoor media in Times Square and the New York City Financial District.

          With 4 million subscribers across the New to The Street TV YouTube channel and more than 800,000 followers across X, Facebook, LinkedIn, and Instagram, the brand delivers one of the largest combined digital and social financial audiences in the United States. This ecosystem-supported by high-impact television, online video, earned media, and iconic billboard placements-provides companies with unmatched reach and credibility across the investor community.

          Media Contact; Monica@NewtoTheStreet.com

          SOURCE: New to The Street

          View the original press release on ACCESS Newswire

          Risk Warnings and Disclaimers
          You understand and acknowledge that there is a high degree of risk involved in trading. Following any strategies or investment methods may lead to potential losses. The content on the site is provided by our contributors and analysts for information purposes only. You are solely responsible for determining whether any trading assets, securities, strategy, or any other product is suitable for investing based on your own investment objectives and financial situation.
          Add to Favorites
          Share

          Press Release: Aeries Technology's Consulting-Led Automation Practice Delivers Measurable Impact

          Reuters
          Aeries Technology
          +3.40%
          Risk Warnings and Disclaimers
          You understand and acknowledge that there is a high degree of risk involved in trading. Following any strategies or investment methods may lead to potential losses. The content on the site is provided by our contributors and analysts for information purposes only. You are solely responsible for determining whether any trading assets, securities, strategy, or any other product is suitable for investing based on your own investment objectives and financial situation.
          Add to Favorites
          Share

          Aeries Technology's Consulting-Led Automation Practice Delivers Measurable Impact

          Reuters
          Aeries Technology
          +3.40%
          Risk Warnings and Disclaimers
          You understand and acknowledge that there is a high degree of risk involved in trading. Following any strategies or investment methods may lead to potential losses. The content on the site is provided by our contributors and analysts for information purposes only. You are solely responsible for determining whether any trading assets, securities, strategy, or any other product is suitable for investing based on your own investment objectives and financial situation.
          Add to Favorites
          Share

          Dj Cfo Webb Sells 50000 Of Aeries Technology Inc >Aert

          Reuters
          Aeries Technology
          +3.40%
          Risk Warnings and Disclaimers
          You understand and acknowledge that there is a high degree of risk involved in trading. Following any strategies or investment methods may lead to potential losses. The content on the site is provided by our contributors and analysts for information purposes only. You are solely responsible for determining whether any trading assets, securities, strategy, or any other product is suitable for investing based on your own investment objectives and financial situation.
          Add to Favorites
          Share

          New to The Street Show #702 Airs Today on Bloomberg at 6:30 PM EST

          Acceswire
          Acurx Pharmaceuticals
          -4.29%
          Aeries Technology
          +3.40%
          Aeries Technology, Inc. Warrant
          -10.71%
          CISO Global
          +15.59%
          NRX Pharmaceuticals
          +3.98%

          The show airs as sponsored programming with TV commercials by Synergy CHC, Sustainable Green Team, Laser Pharmaceuticals, and PetVivo.

          NEW YORK CITY, NY / ACCESS Newswire / November 22, 2025 / New to The Street, one of the nation's leading multi-platform financial media brands, announces the broadcast of Show Number 702, airing today on Bloomberg Television at 6:30 PM EST as sponsored programming. The episode continues the show's longstanding tradition of featuring innovators, market disruptors, and public-company executives shaping the future of their industries.

          Tonight's program spotlights exclusive interviews and business updates from:

          • Roadzen - AI-driven mobility and embedded insurance

          • NRx Pharmaceuticals - Breakthrough clinical-stage therapeutics

          • Aeries Technology - Global digital transformation and enterprise solutions

          • CISO Global - Enterprise cybersecurity and compliance

          • Acurx Pharmaceuticals - Next-generation Gram-positive antibiotic innovation

          The broadcast is supported by a slate of impactful national TV commercials from Synergy CHC, Sustainable Green Team, Laser Pharmaceuticals, and PetVivo, further amplifying visibility across Bloomberg's nationwide reach.

          A Consistent Platform of National Reach and Predictable Media™

          New to The Street distinguishes itself with a unique combination of sponsored network programming, weekly earned-media placements, Times Square and Financial District billboards, and a rapidly growing digital footprint, including:

          • 3.9M+ YouTube subscribers

          • Weekly national broadcasts on Bloomberg and Fox Business

          • Multi-platform amplification across X, LinkedIn, Instagram, and Facebook

          • Strategic earned-media pickup across ABC, NBC, and CBS affiliates

          • Iconic billboard distribution through the show's Accel Media International partnership

          With nearly 17 years of continuous broadcasts, New to The Street remains the only financial media brand delivering an integrated ecosystem of long-form TV, digital engagement, and outdoor exposure at national scale.

          Quote from Vince Caruso, CEO & Co-Founder, New to The Street

          "Show #702 reflects the type of companies that define our platform-leaders solving real problems with innovation," said Vince Caruso, CEO and Co-Founder of New to The Street. "Our sponsored programming model gives public companies predictable, repeatable media exposure across national television, digital, and outdoor. We are proud to continue bringing viewers transparent insights from some of the market's most compelling growth stories."

          About New to The Street

          New to The Street is a premier multi-platform financial news and corporate communications TV show that profiles public and private companies shaping the world's most important sectors. For more than 16 years, the show has delivered high-quality sponsored programming across major U.S. business networks including Bloomberg and Fox Business. New to The Street leverages long-form interviews, CEO commentary, earned-media distribution, and strategic outdoor advertising to provide public companies with unmatched exposure to retail and institutional investors.

          The brand's rapidly expanding digital network includes over 3.86 million YouTube subscribers, strong engagement across social platforms, and millions of monthly billboard impressions across Times Square and New York's Financial District.

          New to The Street is part of one of the world's fastest-growing financial media ecosystems and continues to serve as a leading platform for companies seeking national visibility.

          Media Contact

          Monica Brennan

          Communications Director

          New to The Street

          Email: Monica@NewtoTheStreet.com

          SOURCE: New to The Street

          View the original press release on ACCESS Newswire

          Risk Warnings and Disclaimers
          You understand and acknowledge that there is a high degree of risk involved in trading. Following any strategies or investment methods may lead to potential losses. The content on the site is provided by our contributors and analysts for information purposes only. You are solely responsible for determining whether any trading assets, securities, strategy, or any other product is suitable for investing based on your own investment objectives and financial situation.
          Add to Favorites
          Share

          Aeries Technology Extends Profitability in Q2 FY2026; Strongest First Half in Company History Driven by AI-Led GCC Growth

          Newsfile Corp.
          Aeries Technology
          +3.40%
          Aeries Technology, Inc. Warrant
          -10.71%

          Turnaround complete, Aeries enters a new phase powered by AI-led delivery, dual-shore GCC scale, and deeper private equity relationships.

          New York, New York--(Newsfile Corp. - November 17, 2025) - Aeries Technology, Inc. ("Aeries" or the "Company"), a global leader in AI-powered business transformation and Global Capability Center (GCC) services, today announced financial results for its second quarter of fiscal year 2026, for the quarter ended September 30, 2025. The Company achieved strong profitability, driven by consistent operational execution, expanding relationships within the private equity ecosystem, and continued adoption of AI-led global delivery solutions.

          Financial Highlights (unaudited)

          For the quarter ended September 30, 2025, ie. Q2 FY2026:

          • Revenue: $17.36 million, up 3% year-over-year, compared to $16.87 million in Q2 FY2025
          • Net Income: $0.64 million, versus a net loss of $2.31 million in Q2 FY2025
          • Adjusted EBITDA: $2.55 million (14.7% margin), compared to $(2.30) million in Q2 FY2025

          For the six months ended September 30, 2025:

          • Net Income: $2.32 million, compared to a net loss of $17.62 million in the prior-year period
          • Adjusted EBITDA: $3.59 million, compared to $(1.89) million in the prior-year period
          • Net cash provided by operating activities: $2.39 million, compared to $0.21 million in the prior-year period

          These results represent the strongest first half in Aeries' history, highlighting two quarters of profitability and positive operating cash flow, and the growing contribution of AI-enabled delivery and nearshore operations.

          Business Momentum: From Turnaround to Growth

          With the turnaround complete, Aeries is now operating from a position of strength—executing a disciplined growth playbook centered on AI platforms, an integrated India-Mexico delivery model, and sponsor-led expansion across the private equity ecosystem. Q2 also saw multiple new enterprise client additions across diversified end-markets, reflecting rising demand for GCC builds, AI-led modernization, and automation at scale. The Company anticipates closing additional client opportunities in Q3.

          Strategic and Operational Highlights

          During the quarter ended September 30, 2025, Aeries announced a series of milestones that underscored its growth trajectory and expanding global presence:

          • Expanded India and Mexico operations with announcement of plans to hire over 500 new roles, strengthening delivery capacity and scalability.
          • Signed a multi-million-dollar AI partnership expanding India's footprint and capabilities.
          • Unveiled an AI-powered content automation solution delivering over 80% efficiency gains and 12× throughput improvement.
          • Celebrated a 10-year client partnership milestone, underscoring durability and trust.
          • Delivered $20 million+ in client savings through the nearshore GCC model in Guadalajara, Mexico.

          These achievements, coupled with growing private equity-backed client engagement, reinforce Aeries' scalable, higher-margin business model and its ability to deliver profitability and long-term client value.

          "Q2 marks the completion of our turnaround and the beginning of our new phase," said Ajay Khare, Chief Executive Officer. "Profitability, expanding PE sponsor relationships, and the compounding effect of our AI and GCC models position us to scale with discipline."

          “Our first-half profitability and positive operating cash flow reflect a durable model,” said Daniel Webb, Chief Financial and Investment Officer. “We’re balancing investment in automation with operating discipline. As new contracts ramp and expand through the second half, we continue to expect FY2026 Adjusted EBITDA of $6 million to $8 million.”

          About Aeries TechnologyAeries Technology is a global leader in AI enabled value creation, business transformation, and Global Capability Center (GCC) delivery for private-equity (PE) portfolio companies, supporting scalable, technology-driven execution. Founded in 2012, its commitment to workforce development has earned it the Great Place to Work Certification for two consecutive years.

          Non-GAAP Financial Measures

          The Company uses non-GAAP financial information and believes it is useful to investors as it provides additional information to facilitate comparisons of historical operating results, identify trends in its underlying operating results and provide additional insight and transparency on how it evaluates the business. The Company uses non-GAAP financial measures to budget, make operating and strategic decisions, and evaluate its performance. The Company has detailed the non-GAAP adjustments that it makes in the non-GAAP definitions below. The adjustments generally fall within the categories of non-cash items. The Company believes the non-GAAP measures presented herein should always be considered along with, and not as a substitute for or superior to, the related GAAP financial measures. In addition, similarly titled items used by other companies may not be comparable due to variations in how they are calculated and how terms are defined. For further information, see "Reconciliation of Non-GAAP Financial Measures" below, including the reconciliations of these non-GAAP measures to their most directly comparable GAAP financial measures.

          The Company define Adjusted EBITDA as net income from operations before interest, income taxes, depreciation and amortization, further adjusted to exclude stock-based compensation, M&A transaction-related costs, and changes in fair value of derivative liabilities.

          Adjusted EBITDA is a key performance indicator the company uses in evaluating our operating performance and in making financial, operating, and planning decisions. The Company believes this measure is useful to investors in the evaluation of Aeries' operating performance as such information was used by the Company's management for internal reporting and planning procedures, including aspects of our consolidated operating budget and capital expenditures. Some of the limitations of Adjusted EBITDA include: this measure does not reflect (i) our cash expenditures or future requirements for capital expenditures or contractual commitments or foreign exchange gain/loss; (ii) changes in, or cash requirements for, working capital; (iii) significant interest expense or the cash requirements necessary to service interest or principal payments on our outstanding debt; (iv) payments made or future requirements for income taxes; (v) cash requirements for future replacement or payment in depreciated or amortized assets; (vi) stock based compensation costs, (vii) severance pay, (viii) Business Combination and M&A transaction related costs, which represent non-recurring legal, professional, personnel and other fees and expenses incurred in connection with potential mergers and acquisitions related activities, and (ix) change in fair value of derivative liabilities.

          Forward-Looking Statements

          All statements in this release that are not based on historical fact are "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995 and the provisions of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. Words such as "anticipate," "believe," "continue," "could," "estimate", "expect", "hope", "intend", "may", "might", "should", "would", "will", "understand" and similar words are intended to identify forward-looking statements. These forward-looking statements include but are not limited to, statements regarding our future operating results, outlook, guidance and financial position, our business strategy and plans, our objectives for future operations, potential acquisitions and macroeconomic trends. While management has based any forward-looking statements included in this release on its current expectations, the information on which such expectations were based may change. These forward-looking statements rely on a number of assumptions concerning future events and are subject to a number of risks, uncertainties and other factors, many of which are outside of the control of Aeries and its subsidiaries, which could cause actual results to materially differ from such statements. Such risks, uncertainties, and other factors include, but are not limited to, our ability to continue as a going concern; our ability to retain and expand our client base; changes in the business, market, financial, political and legal conditions in India, Singapore, the United States, Mexico, the Cayman Islands and other countries, including developments with respect to inflation, interest rates and the global supply chain, including with respect to economic and geopolitical uncertainty in many markets around the world, the potential of decelerating global economic growth and increased volatility in foreign currency exchange rates; the potential for our business development efforts to maximize our potential value; the ability to maintain the listing of our Class A ordinary shares and our public warrants on Nasdaq, and the potential liquidity and trading of our securities; changes in applicable laws or regulations and other regulatory developments in the United States, India, Singapore, Mexico, the Cayman Islands and other countries; our ability to develop and maintain effective internal controls, including our ability to remediate the material weakness in our internal controls over financial reporting; our success in retaining or recruiting, or changes required in, our officers, key employees or directors; our financial performance; our ability to make acquisitions, divestments or form joint ventures or otherwise make investments and the ability to successfully complete such transactions and integrate with our business; the period over which we anticipate our existing cash and cash equivalents will be sufficient to fund our operating expenses and capital expenditure requirements; the conflicts between Russia and Ukraine, and Israel and Hamas, and any restrictive actions that have been or may be taken by the U.S. and/or other countries in response thereto, such as sanctions or export controls; risks related to cybersecurity and data privacy; the impact of inflation; the impact of the COVID-19 pandemic and other similar pandemics and disruptions in the future; and the fluctuation of economic conditions, global conflicts, inflation and other global events on Aeries' results of operations and global supply chain constraints. Further information on risks, uncertainties and other factors that could affect our financial results are included in Aeries' periodic and current reports filed with the U.S. Securities and Exchange Commission. Furthermore, Aeries operates in a highly competitive and rapidly changing environment where new and unanticipated risks may arise. Accordingly, investors should not place any reliance on forward-looking statements as a prediction of actual results. Aeries disclaims any intention to, and undertakes no obligation to, update or revise forward-looking statements.

          Contact

          IR@aeriestechnology.com

          AERIES TECHNOLOGY, INC. AND SUBSIDIARIESCONDENSED CONSOLIDATED BALANCE SHEETSAs of September 30, 2025 and March 31, 2025(in thousands of United States dollars, except share and per share amounts)

          SEPTEMBER 30,2025MARCH 31,2025
           (Unaudited)(Audited)
          ASSETS  
          Current assets:  
          Cash and cash equivalents$1,866$2,764
          Accounts receivable, net of allowance of $3,521 and $3,574 as of September 30, 2025, and March 31, 2025, respectively11,28710,982
          Prepaid expenses and other current assets, net of allowance of $0 and $0, as of September 30, 2025, and March 31, 2025, respectively7,3677,581
          Total current assets$20,520$21,327
          Property and equipment, net1,7281,570
          Operating right-of-use assets10,9539,602
          Deferred tax assets4,0174,064
          Long-term investments, net of allowance of $74 and $76, as of September 30, 2025, and March 31, 2025, respectively1,8791,830
          Other assets1,3821,440
          Total assets$40,479$39,833
          LIABILITIES, REDEEMABLE NONCONTROLLING INTEREST AND SHAREHOLDERS' EQUITY / (DEFICIT)  
          Current liabilities:  
          Accounts payable$7,409$8,154
          Accrued compensation and related benefits, current1,9892,432
          Operating lease liabilities, current3,3422,543
          Short-term borrowings4,3746,504
          Forward purchase agreement put option liability4,1395,034
          Other current liabilities7,7187,753
          Total current liabilities$28,971$32,420
          Long term debt9361,096
          Operating lease liabilities, noncurrent8,0617,483
          Derivative warrant liabilities845629
          Deferred tax liabilities254139
          Other liabilities4,0664,170
          Total liabilities$43,133$45,937
          Commitments and contingencies (Note 10)  
          Redeemable noncontrolling interest324(42)
          Shareholders' equity / (deficit)  
          Preference shares, $0.0001 par value; 5,000,000 shares authorized; none issued or outstanding--
          Class A ordinary shares, $0.0001 par value; 500,000,000 shares authorized; 48,353,810 shares issued and outstanding as of September 30, 2025, and 47,152,626 shares issued and outstanding as of March 31, 202555
          Class V ordinary shares, $0.0001 par value; 1 share authorized; 1 share issued and outstanding as of September 30, 2025, and 1 share issued and outstanding as of March 31, 2025--
          Net shareholders' investment and additional paid-in capital28,41627,203
          Less: Common Stock held in treasury at cost; 1,285,392 shares as on September 30, 2025, and 1,285,392 shares as on March 31, 2025(724)(724)
          Accumulated other comprehensive loss(975)(908)
          Accumulated deficit(29,627)(31,380)
          Total Aeries Technology, Inc. shareholders' equity / (deficit)$(2,905)$(5,804)
          Noncontrolling interest(73)(258)
          Total shareholders' equity / (deficit)(2,978)(6,062)
          Total liabilities, redeemable noncontrolling interest and shareholders' equity / (deficit)$40,479$39,833

          AERIES TECHNOLOGY, INC. AND SUBSIDIARIESCONDENSED CONSOLIDATED STATEMENTS OF OPERATIONSFor the three and six months ended September 30, 2025 and 2024(in thousands of United States dollars, except share and per share amounts)

          (Unaudited)

          Three Months EndedSeptember 30,2025Three Months EndedSeptember 30,2024Six Months EndedSeptember 30,2025Six Months EndedSeptember 30,2024
          Revenue, net$17,359$16,873$32,688$33,540
          Cost of revenue12,33713,29823,88825,955
          Gross profit5,0223,5758,8007,585
          Operating expenses    
          Selling, general & administrative expenses3,0377,6705,99528,100
          Total operating expenses3,0377,6705,99528,100
          Income/ (loss) from operations1,985(4,095)2,805(20,515)
          Other income / (expense)    
          Change in fair value forward purchase agreement put option liability(360)1,377895681
          Change in fair value of derivative warrant liabilities(240)(126)(217)631
          Interest income7688148167
          Interest expense(94)(135)(263)(282)
          Other income / (expense), net69597778
          Total other income / (expense), net(549)1,2636401,275
          Income / (loss) before income taxes1,436(2,832)3,445(19,240)
          Income tax (expense) / benefit(794)526(1,125)1,617
          Net income / (loss)$642$(2,306)$2,320$(17,623)
          Less: Net income / (loss) attributable to noncontrolling interests128(90)190(596)
          Less: Net income / (loss) attributable to redeemable noncontrolling interests$273$(26)$375$(16)
          Net income / (loss) attributable to shareholders' of Aeries Technology Inc.$241(2,190)1,755(17,011)
          Weighted average shares outstanding of Class A ordinary shares, basic and diluted47,309,26444,356,07447,231,37341,121,826
          Basic and diluted net income / (loss) per Class A ordinary share$0.01(0.05)$0.04(0.42)

          The accompanying notes are an integral part of these unaudited condensed consolidated financial statements.

          AERIES TECHNOLOGY, INC. AND SUBSIDIARIESCONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWSFor the six months ended September 30, 2025, and 2024(in thousands of United States dollars except share and per share amounts)

          (Unaudited)

          Six Months EndedSeptember 30,2025Six Months EndedSeptember 30,2024
          Cash flows from operating activities  
          Net income / (loss)$2,320$(17,623)
          Adjustments to reconcile net income / (loss) to net cash (used in) / provided by operating activities:  
          Depreciation and amortization expense410745
          Stock-based compensation expense29312,746
          Deferred tax benefit(7)(1,907)
          Accrued income from long-term investments (118) (106) 
          Provision for expected credit loss773,579
          Others-(29)
          Sundry balances written back(1)(0)
          Profit on sale of property and equipment(19)(6)
          Change in fair value of forward purchase agreement put option liability(895)(631)
          Change in fair value of derivative warrant liabilities217(681)
          Loss on issuance of shares against accounts payable-342
          Unrealized exchange gain1(40)
          Changes in operating assets and liabilities:  
          Accounts receivable(493)1,264
          Prepaid expenses and other current assets1,707(454)
          Operating right-of-use assets(1,637)(2,146)
          Other assets(63)(2,557)
          Accounts payable(517)863
          Accrued compensation and related benefits, current(437)(473)
          Other current liabilities(261)4,552
          Operating lease liabilities1,6792,176
          Other liabilities138591
          Net cash provided by operating activities2,394205
          Cash flows from investing activities  
          Acquisition of property and equipment(631)(982)
          Sale of property and equipment847
          Issuance of loans to affiliates(136)(866)
          Payments received for loans to affiliates108853
          Fixed Deposits placed with banks(609)-
          Proceeds from maturities of fixed deposits placed with banks250-
          Net cash used in investing activities(934)(988)
          Cash flows from financing activities  
          Net repayment of short-term borrowings(1,879)(1,855)
          Payment of insurance financing liability(164)(440)
          Proceeds from long-term debt-916
          Repayment of long-term debt(119)(820)
          Payment of finance lease obligations(166)(210)
          Payment of deferred transaction costs-(20)
          Proceeds from issuance of Class A ordinary shares, net of issuance cost-4,678
          Net cash (used in) / provided by financing activities(2,328)2,249
          Effect of exchange rate changes on cash and cash equivalents(30)77
          Net (decrease) / increase in cash and cash equivalents(898)1,543
          Cash and cash equivalents at the beginning of the period2,7642,084
          Cash and cash equivalents at the end of the period$1,866$3,627
          Supplemental cash flow disclosure:  
          Cash paid for interest$232$321
          Cash paid for income taxes, net of refunds$214$556
          Supplemental disclosure of non-cash investing and financing activities:  
          Unpaid deferred transaction costs included in accounts payable and other current liabilities$-$640
          Equipment acquired under finance lease obligations$63$38
          Property and equipment purchase included in accounts payable$-$1
          Settlement of accounts payable through issuance of Class A ordinary shares to vendors$-$342
          Issuance of common stock to vendor in lieu future services$180$-

          The accompanying notes are an integral part of these unaudited condensed consolidated financial statements.

          AERIES TECHNOLOGY, INC. AND SUBSIDIARIES

          RECONCILIATION OF NON-GAAP FINANCIAL MEASURES

          For the three and six months ended September 30, 2025 and 2024

          (in thousands of United States dollars, except percentages)

          Three Months EndedSeptember 30,Six Months EndedSeptember 30,
           2025202420252024
          Net income / (loss)$642$(2,306)$2,320$(17,623)
          Income tax expense / (benefit)794(526)1,125(1,617)
          Interest income(76)(88)(148)(167)
          Interest expense94135263282
          Depreciation and amortization205371410745
          EBITDA$1,659$(2,414)$3,970$(18,380)
          Adjustments    
          (+) Stock-based compensation293-29312,746
          (+) Business Combination and transaction related costs-1,370-5,052
          (-) Change in fair value of derivative liabilities600(1,251)(678)(1,312)
          Adjusted EBITDA$2,552$(2,295)$3,585$(1,894)
           -   
          Revenue17,35916,87332,68833,540
          Adjusted EBITDA margin [Adjusted EBITDA / Revenue]14.7%(13.6)%11.0%(5.6)%

          To view the source version of this press release, please visit https://www.newsfilecorp.com/release/274765

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