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Wisetech Global Limited (ASX:WTC)

ALERT: Price-sensitive ASX Announcement for WTC
Current share price for WTC : $33.430 -12.04 (-26.48%)+
Announcement
Release
26 Aug 2026 8:58AM
Price at Release
$45.470
Full Release
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Summary
WiseTech Global Limited reported substantial growth in its FY26 financial results, driven by the acquisition of e2open and robust growth in its CargoWise segment. The company achieved a 79% increase in total revenue, amounting to AUD 1,395.9 million, with recurring revenue making up 95% of this total. Underlying EBITDA rose by 56% to AUD 644.5 million, despite a decrease in EBITDA margin due to the integration of e2open. Key strategic initiatives included significant AI-driven transformation savings and productivity gains, resulting in an expected up to 50% labor cost savings for logistics service providers. The company's focus on AI transformation and efficiency led to annualized run-rate savings of AUD 34 million. Additionally, WiseTech is pursuing further growth through product innovation and strategic customer engagement, positioning itself as a leader in the AI-driven logistics sector. The financial year concluded with a net leverage ratio of 2.7x and ongoing efforts to reduce this further in the coming years.
Key Points
  • FY26 revenue increased by 79% to AUD 1,395.9 million.
  • Underlying EBITDA rose by 56% to AUD 644.5 million.
  • AI-driven transformation contributed to AUD 34 million in annualized run-rate savings.
  • 95% of total revenue was from recurring sources.
  • CargoWise revenue grew by 11% to AUD 756.9 million.
  • Net leverage ratio was at 2.7x with plans for further reduction.
  • Strategic focus on AI efficiency and productivity gains.
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.