WiseTech Global (WTC) H1 2025 earnings summary

Executive summary

• Delivered strong 1H25 results with 17% total revenue growth and 28% EBITDA growth year-over-year, driven by continued execution of the 3P strategy, strong CargoWise momentum, and new Top 25 Global Freight Forwarder wins including Nippon Express and LOGISTEED.

• Launched breakthrough products ComplianceWise and CargoWise Next; Container Transport Optimization set for launch in Australia in 2H25.

• Strategic acquisitions (Singeste, BSM Global, ImpexDocs) completed or announced, expanding product capabilities and market reach.

• Maintained strong cash generation and balance sheet, supporting long-term value creation.

Financial highlights

• Total revenue reached $381.0 million (AUD 381 million), up 17% year-over-year; CargoWise revenue grew 21% (20% organic) to $331.7 million, with 98–99% recurring revenue.

• EBITDA increased 28% to $192.3 million, with margin expanding by five percentage points to 50%.

• Underlying NPAT up 34% to $112.1 million; statutory NPAT up 38% to $106.4 million.

• Free cash flow up 22% to $124.1 million; interim dividend of 6.7cps, up 31%, with a 20% payout ratio.

• Operating cash flow increased 24% to $202.7 million.

Outlook and guidance

• FY25 revenue expected at the bottom end of $792–858 million guidance range due to delayed product rollouts; EBITDA margin anticipated at the top end (50–51%) of guidance, supported by efficiency gains.

• FY25 EBITDA guidance of $396–436 million, with an exit margin rate of ~52%.

• Guidance assumes stable market conditions; changes in global trade or industrial production may impact results.

• FX headwinds of ~$5 million on revenue, offset by cost tailwinds; 2H margin expansion expected.