WiseTech Global (WTC) H1 2026 earnings summary

Executive summary

• Revenue grew 76% year-over-year to AUD 672 million ($672m), driven by the e2open acquisition and organic CargoWise growth, with EBITDA margin at 38%.

• AI transformation and automation are accelerating, with deep integration into workflows and a shift to an AI-led operating model, targeting up to 50% headcount reduction in product, development, and customer service by FY27.

• CargoWise Value Packs rolled out to ~95% of customers, shifting to transaction-based pricing and driving future revenue growth.

• E2open integration achieved AUD 50 million in annualized cost synergies 18 months ahead of plan, significantly expanding the addressable market.

• Net profit after tax declined 36% to $68.1m due to higher finance and integration costs, while underlying NPAT rose 2% to $114.5m.

Financial highlights

• Total revenue: AUD 672 million ($672m), up 76% year-over-year, driven by e2open and CargoWise; organic revenue up 7%.

• CargoWise revenue: AUD 372.4 million, up 12% (9% organic); recurring revenue at 99%.

• EBITDA: AUD 252.1 million, up 31% year-over-year; reported margin 38% (down 13pp due to e2open and restructuring costs); organic EBITDA margin 51%.

• Underlying NPAT: AUD 114.5 million, up 2%; statutory NPAT: $68.1m, down 36%; free cash flow: AUD 153.6 million, up 24%.

• Interim dividend: AUD 0.068 per share, up 1%, payout ratio 20% of underlying NPAT.

Outlook and guidance

• FY26 revenue guidance reaffirmed at $1.39b–$1.44b (up 79%–85%), EBITDA $550m–$585m (up 44%–53%), margin 40%–41%, excluding restructuring impacts.

• CargoWise revenue growth expected at 14–21%; initial CTO revenues and e2open full-year contribution assumed.

• Margin expansion expected from efficiency programs and cost synergies; restructuring costs to offset savings in FY26, with material benefits from FY27.

• FX tailwind of ~$10m expected, largely neutral to EBITDA.

• Guidance subject to stable market conditions and continued customer retention.