WiseTech Posts $672M Revenue, Underlying Profit Up 2%, Statutory Profit Down 36%

Strong Growth Fueled by Strategic Acquisition

WiseTech Global has delivered a striking 76% increase in revenue to US$672 million for the half-year ending 31 December 2025, a leap largely attributed to its August 2025 acquisition of US-based supply chain software provider e2open. This deal has expanded WiseTech’s footprint significantly, adding $249 million in revenue from e2open alone and broadening its reach across the global logistics and trade software market.

Organic growth also contributed 7% to revenue, supported by new customer wins, increased usage, and price adjustments designed to offset inflationary pressures. The company’s flagship CargoWise platform continues to gain traction, with revenue up 12% organically, driven by rollouts among large global freight forwarders and a new commercial model launched in December 2025.

Profitability Impacted by Acquisition Costs and Amortisation

Despite the revenue surge, statutory net profit after tax declined 36% to US$68.1 million, reflecting significant acquisition-related amortisation and restructuring expenses. Underlying net profit after tax, which excludes these one-off impacts, rose modestly by 2% to US$114.5 million, signalling operational resilience amid integration challenges.

Gross profit margin contracted to 77% from 85% the previous year, primarily due to e2open’s higher proportion of professional services revenue, which carries a higher cost base. WiseTech’s operating expenses also increased, with sales and marketing costs more than doubling due to e2open’s sales-led approach, though the company expects to realign this with its product-led model over time.

Heavy Investment in Innovation and AI Transformation

WiseTech remains committed to innovation, investing US$175 million in research and development during the half, a 28% increase year-on-year. This investment supports over 1,000 new product enhancements to CargoWise, underpinning the company’s vision to be the operating system for global trade and logistics. The integration of AI into its platforms is a strategic priority, aimed at accelerating productivity and automation across complex supply chain workflows.

Major Restructuring to Drive Efficiency

In a bold move to streamline operations and capitalise on AI-driven efficiencies, WiseTech announced a restructuring program targeting up to a 50% reduction in headcount within product development and customer service teams, including those from e2open. This initiative is expected to reduce approximately 2,000 roles over FY26 and FY27, positioning the company for a leaner cost base and improved scalability.

The company also launched CargoWise Value Packs, a new commercial model shifting away from traditional seat fees towards transaction-based pricing, aligning revenue more closely with customer value delivered through automation and scale.

Outlook and Dividend

WiseTech reaffirmed its FY26 guidance, anticipating revenue growth between 79% and 85%, and EBITDA growth of 44% to 53%, with margins expected around 40% to 41%. The board declared a fully franked interim dividend of 6.8 cents per share, a slight increase from the prior year, reflecting confidence in the company’s cash flow generation and financial position.

With a strong cash balance of US$358 million and undrawn revolving credit facilities of US$600 million, WiseTech is well capitalised to support ongoing growth and integration efforts.