Airswift reports solid Q3 2025 performance, strengthens finances

Airswift delivered a solid Q3 2025, achieving an adjusted EBITDA of $19.9m from continuing operations, a slight decrease of $2.3m year-over-year, attributed to a focus on stronger margin business and strategic investments. Revenue remained relatively stable at $379.9m, while Net Fee Income (NFI) was consistent at $44.1m. The company successfully reduced Net Debt by $7m in Q3, bringing the year-over-year improvement to $29.5m and lowering leverage to 2.9x from 3.2x.

The company's strategic vision includes driving the core business, leading the energy transition, diversifying end markets, automating operations, scaling efficiently, and accelerating M&A. Airswift was ranked #41 in SIA's Largest Staffing Firms Globally for 2025 and established a new entity in Saudi Arabia to maximize long-term growth and strengthen client relationships in the region.

Cash inflow from operations reached $14.3m in Q3 2025, a significant improvement from the $(2.8)m outflow in Q3 2024, driven by enhanced DSO and steady trading results. This positive cash flow was utilized to pay down credit facilities, thereby improving liquidity and reducing financing costs. Net Income After Tax saw a substantial increase from $(5.4)m in Q3 2024 to $4.4m in Q3 2025.