WiseTech Global (WTC) AGM 2025 summary

Opening remarks and agenda

• Meeting convened with a quorum, welcoming both in-person and online shareholders, and acknowledging traditional custodians of the land.

• Introductions of board members, executive team, and auditors, with instructions for participation and voting procedures.

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

• Clear guidelines provided for shareholder questions and voting, both onsite and online.

Financial performance review

• FY25 revenue reached AUD 778.7 million, up 13% organically; CargoWise revenue was AUD 682.2 million, up 17%.

• EBITDA grew 26% to AUD 409.5 million; underlying NPAT rose 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.

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 emphasized, with Zubin Appoo appointed as permanent CEO in July, bringing product and technology expertise.

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

• Board includes Lead Independent Director, three Independent Non-Executive Directors, and two Executive Directors.

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