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Wisetech Global Limited (ASX:WTC)

ALERT: Price-sensitive ASX Announcement for WTC
Current share price for WTC : $40.610 -2.38 (-5.54%)+
Announcement
Release
25 Feb 2026 9:15AM
Price at Release
$42.990
Full Release
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Summary
WiseTech Global Limited reported robust financial results for the first half of 2026, driven significantly by its strategic acquisition of e2open, which substantially contributed to an overall revenue increase of 76% to $672 million. CargoWise, a key business segment, saw a 12% increase in revenue, with a notable 9% organic growth. Despite a decline in gross profit margin from 86% to 79%, largely attributed to e2open's integration, the company achieved a 31% increase in EBITDA to $252.1 million. However, EBITDA margins were affected by the acquisition, restructuring, and M&A costs, reducing to 38%. WiseTech Global is actively embedding AI into its operations to enhance productivity and automation, aiming for considerable cost efficiencies and operational scalability. The company anticipates sustained growth with FY26 revenue projected to grow by 79% to 85%, maintaining an EBITDA margin of 40% to 41%. Overall, WiseTech Global is positioned strongly with a solid cash reserve, having increased to $358.4 million.
Key Points
  • WiseTech Global reported a 76% increase in total revenue for 1H26, reaching $672.0 million, largely driven by the acquisition of e2open.
  • CargoWise revenue grew by 12% to $372.4 million, with a 9% organic growth rate.
  • The e2open acquisition contributed $249.4 million in revenue for the first five months post-acquisition.
  • Gross profit increased by 61% to $529.9 million, with a gross profit margin of 79%, down from 86% due to the e2open acquisition.
  • Reported EBITDA increased by 31% to $252.1 million, while the EBITDA margin decreased to 38% due to e2open consolidation.
  • Net finance costs increased significantly to $68.3 million due to debt used for the e2open acquisition.
  • The underlying Net Profit After Tax (NPAT) grew by 2% to $114.5 million.
  • Guidance for FY26 includes revenue growth of 79% to 85% and an EBITDA margin of 40% to 41%.
  • WiseTech is embedding AI to drive productivity and automation, aiming for significant internal efficiencies.
  • The company reported strong liquidity with an increase in cash to $358.4 million.
IMPORTANT NOTE: This information is autogenerated and has not been reviewed for accuracy or completeness. You should refer to the full announcement here for further information.