GXO saw revenue leap 21% to $3bn (£2.27bn) in the first quarter of 2025 and landed $228m (£173m) of new business, including its recently announced £2.5bn deal with the National Health Service Supply Chain, the company has revealed.
Announcing its results for the first quarter of 2025, GXO said it had increased its first quarter revenue 21%, year-on-year, to $3bn, with organic revenue growth of 3%, and boosted its sales pipeline to a three-year high of $2.5bn (£1.9bn), which excludes Wincanton.
However GXO also revealed a net loss of $95m (£72m), compared with net loss of $36m (£27.3m) for the first quarter of 2024.
The company generated $29m (£22m) of cash flow from operations, compared with $50m (£38m) for the first quarter of 2024.
In the first quarter of 2025, GXO used $48m (£36.4m) of free cash flow compared with $17m (£12.9m) of free cash flow used for the first quarter 2024.
Looking ahead GXO said that its 2025 guidance shows organic revenue growth of 3% to 6%; and adjusted EBITDA of $840m (£637m) to $860m (£652m).
Malcolm Wilson, GXO chief executive, said GXO had delivered a strong first quarter.
“We generated revenue of $3bn, up 21% year over year, and delivered $163m in adjusted EBITDA.
“We signed $228m of new business wins and our sales pipeline of $2.5bn, excluding Wincanton, stands at its highest level in three years.
“We’ve finalized a landmark deal with England’s National Health Service Supply Chain. This is our largest-ever contract and carries a total lifetime value of about $2.5bn.
“To date, we’ve secured over $700m of incremental revenue for 2025, and have an additional $300m already won for 2026.”
He added: “In a dynamic trade environment, customers need a reliable partner to help them navigate the global supply chain in a cost-effective way. GXO’s market-leading technology solutions, deep operational expertise, and global scale make us the partner of choice, for leading brands all over the world.
“We’re reaffirming our guidance for organic revenue growth and adjusted EBITDA for the full year 2025, as the long-term contractual nature of our business and our diverse geographical footprint enable us to manage through this dynamic macro backdrop.”
