WiseTech Global (WTC) AGM 2025 summary

Opening remarks and agenda

• Meeting convened with a quorum, acknowledgment of traditional custodians, and introduction of board members and auditors.

• Clear instructions provided for participation, voting, and Q&A for both in-person and online attendees.

• Meeting agenda included addresses from the Lead Independent Director, Executive Chair, and CEO, followed by formal business and a poll.

Financial performance review

• FY25 revenue reached AUD 778.7 million, up 13% organically and 14% reported; CargoWise revenue up 17% to AUD 682.2 million, with recurring revenue at 99%.

• EBITDA grew 26% to AUD 409.5 million; underlying NPAT up 30% to AUD 241.8 million; statutory NPAT rose 17% to AUD 200.7 million.

• EBITDA margin ex. e2open M&A was 53%, up 5pp; reported EBITDA margin was 49%.

• Free cash flow was AUD 287 million, up 24% on FY24.

• Guidance reaffirmed for FY26: revenue between AUD 1.39–1.44 billion, EBITDA AUD 550–585 million.

Board and executive committee updates

• Board renewal included appointment of four new independent non-executive directors with diverse skills in technology, logistics, and governance.

• Succession planning addressed with Zubin Appoo appointed as CEO, bringing product and technology expertise.

• Maree Isaacs, co-founder, offered for re-election to maintain continuity during transition.

• Lead Independent Director Andrew Harrison indicated intention to step down once board transition is complete.

• Board retirements announced for Charles Gibbon and Michael Gregg, both Independent Non-Executive Directors.