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 CargoWise organic growth, with new commercial models and AI-driven automation initiatives.

• CargoWise Value Packs rolled out to ~95% of customers, shifting pricing to a transaction-based model; Container Transport Optimization (CTO) implementation underway.

• E2open integration achieved AUD 50 million ($50m) in annualized cost synergies, 18 months ahead of plan.

• Announced phased AI-driven transformation, targeting up to 2,000 role reductions (up to 50% in product, development, and customer service) by FY27 for efficiency.

• 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 ($372.4m), up 12% (9% organic); recurring revenue at 99%.

• EBITDA: AUD 252.1 million ($252.1m), up 31%; EBITDA margin 38% (organic margin 51%).

• Underlying NPAT: AUD 114.5 million ($114.5m), up 2%; statutory NPAT: $68.1m, down 36%.

• Free cash flow: AUD 153.6 million ($153.6m), up 24%; operating cash flow: $231.7m, up 14%.

• Interim dividend: AUD 0.068 (6.8c) per share, payout ratio 20% of underlying NPAT.

Outlook and guidance

• FY26 revenue guidance reaffirmed at $1.39b–$1.44b (up 79%–85% vs. FY25); EBITDA $550m–$585m (44%–53% growth), margin 40%–41%.

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

• Margin expansion expected from efficiency programs and cost synergies; restructuring costs to offset savings in FY26.

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

• Guidance excludes impact of announced restructuring and new products not yet commercialized.