WiseTech Global (WTC) H2 2026 earnings summary

Executive summary

• Achieved record revenue growth of 79% to $1,395.9 million, driven by the e2open acquisition, CargoWise expansion, and AI productivity initiatives.

• Underlying EBITDA rose 56% to $644.5 million, with a margin of 46%, exceeding guidance; reported EBITDA was $558.4 million, up 46%.

• Major cost efficiencies delivered $115 million in annualized run-rate savings, including $34 million from AI transformation and $64 million from e2open synergies, reducing headcount by up to 1,700 roles.

• Launched CargoWise Value Packs, with over 95% customer adoption and a 55% increase in new SME signings.

• Advanced strategic priorities with the acquisition of FRDM.ai, government partnerships in New Zealand, and strengthened board governance.

Financial highlights

• Total revenue: $1,395.9 million, up 79% year-over-year; recurring revenue accounted for 95% of total.

• CargoWise revenue grew 11% to $756.9 million; e2open contributed $541.2 million (11 months).

• Underlying NPAT: $313.5 million, up 29%; statutory NPAT: $178.7 million, down 11%.

• Gross profit up 62% to $1,101.8 million; gross margin at 79%, down 9 points due to e2open consolidation.

• Free cash flow up 43% to $410.7 million; underlying free cash flow up 67% to $489.6 million; final dividend of 8.8cps, up 14%, payout ratio 17% of underlying NPAT.

Outlook and guidance

• FY27 revenue guidance: $1.48–$1.54 billion (6–10% growth); underlying EBITDA: $725–$780 million (12–21% growth), margin 49–51%.

• CargoWise revenue expected to grow 12–20%, with a 45/55 first/second half skew; e2open revenue expected to be flat.

• Accelerated deleveraging expected, targeting net leverage of ~2.2x by FY27 and <2.0x by FY28.

• Margin expansion driven by ongoing cost savings and AI-led efficiencies.

• Initial VerifyWise revenue contribution expected in FY27.