Aeries Technology on Track: FY26 Revenue Forecast at $74M-$80M Driven by GCC Expansion
Dublin, Ireland – Aeries Technology, a leading provider of AI-powered solutions for the utilities sector, has reaffirmed its financial outlook for Fiscal Year 2026, projecting revenue between $74 million and $80 million. This positive forecast underscores the success of the company’s strategic initiatives focused on expanding its presence in the Gulf Cooperation Council (GCC) region.
During a recent Q4 2025 management review, CEO Ajay Khare shared insights into the company’s performance and future direction. He highlighted a strong finish to FY2025, exceeding initial expectations. “For financial year 2025, we guided to $6 million to $7 million in core adjusted EBITDA. I'm pleased to report that we ended the year having achieved $7 million, showcasing our team’s dedication and operational efficiency,” Khare stated.
GCC Region Key to Growth
The company's strategic focus on the GCC region is proving particularly fruitful. Aeries Technology has identified significant opportunities within the region's rapidly modernizing utilities infrastructure. The demand for advanced AI solutions to optimize grid management, reduce energy waste, and enhance operational efficiency is substantial, and Aeries is well-positioned to capitalize on this demand.
“The GCC market represents a key growth engine for Aeries Technology,” explained Khare. “We’ve invested significantly in building relationships with key stakeholders and tailoring our solutions to meet the specific needs of utilities in the region. The initial traction we’ve seen validates our approach, and we are confident in our ability to continue expanding our footprint in the years to come.”
Looking Ahead: FY26 and Beyond
The reaffirmed FY26 revenue forecast of $74 million to $80 million represents a significant increase compared to previous years, demonstrating the effectiveness of Aeries Technology's growth strategy. The company's management team remains optimistic about the future, citing continued demand for its AI-powered solutions and the ongoing expansion into new markets.
Aeries Technology’s commitment to innovation, combined with its strategic focus on high-growth markets like the GCC, positions the company for continued success in the evolving utilities landscape. Investors and industry observers will be closely watching Aeries’ progress as it executes its ambitious plans for FY26 and beyond. The company’s ability to deliver on its promises will be crucial in solidifying its position as a leader in the AI-powered utilities solutions market.
Disclaimer: This press release contains forward-looking statements that are subject to various risks and uncertainties. Actual results may differ materially from those expressed or implied in these statements.
