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Wisetech Global Limited (ASX:WTC)

ALERT: Price-sensitive ASX Announcement for WTC
Current share price for WTC : $33.970 -9.02 (-20.98%)+
Announcement
Release
25 Feb 2026 9:13AM
Price at Release
$42.990
Full Release
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Summary
WiseTech Global Limited has reaffirmed its FY26 guidance along with accelerating its AI transformation strategy. The company has demonstrated strong financial performance for 1H26 with a 76% growth in total revenue and a significant increase in free cash flow. Their new AI-driven strategy focuses on enhancing automation, operational efficiency, and customer value through the CargoWise platform. WiseTech has also initiated a phased headcount reduction of up to 50% in product & development and customer service to streamline operations. The company has transitioned to a transaction-based commercial model to support long-term growth and maintain its competitive edge in the logistics industry.
Key Points
  • Operating cash flow increased by 14% to $231.7 million.
  • Interim dividend declared at 6.8 cents per share, a 1% increase.
  • AI transformation includes significant efficiency improvements.
  • Approximately 95% of CargoWise customers are on the new commercial model.
  • Container Transport Optimization is being implemented with ACFS.
  • e2open integration achieved $50 million cost synergy earlier than planned.
  • Revenue growth for FY26 is projected at 79%-85%, reaching $1.39-$1.44 billion.
  • EBITDA margin for FY26 anticipated between 40%-41%.
  • Company emphasizes the importance of its ecosystem in the AI transformation.
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.