WiseTech Global (WTC) H1 2026 earnings summary

Executive summary

• Revenue grew 76% year-over-year to AUD 672 million ($672.0m), driven by the e2open acquisition and organic CargoWise growth, with CargoWise Value Packs rolled out to 95% of customers and a shift to transaction-based pricing.

• EBITDA increased 31% to AUD 252.1 million, with organic margin steady at 51% and reported margin at 38% due to e2open consolidation and restructuring costs.

• Underlying NPAT rose 2% to AUD 114.5 million, while statutory NPAT fell 36% to AUD 68.1 million due to higher finance, amortization, and integration costs.

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

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

Financial highlights

• Total revenue: AUD 672 million ($672.0m), up 76% year-over-year; 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%; EBITDA margin 38% (organic margin 51%).

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

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

Outlook and guidance

• FY26 guidance reaffirmed: revenue of $1.39–$1.44 billion (up 79–85%), EBITDA of $550–$585 million (up 44–53%), and EBITDA margin of 40–41%.

• CargoWise revenue growth expected at 14–21%; guidance excludes impact of announced restructuring.

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

• Second half performance expected to accelerate as strategic initiatives execute.

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