InvestSMART

Wisetech Global Limited (ASX:WTC)

ALERT: Price-sensitive ASX Announcement for WTC
Current share price for WTC : $37.700 -7.77 (-17.09%)+
Announcement
Release
26 Aug 2026 8:54AM
Price at Release
$45.470
Full Release
download
Summary
The financial report for WiseTech Global Limited for the financial year ending 30 June 2026 outlines significant growth and strategic advancements. Revenue increased by 79% to USD 1,395.9 million, largely driven by the acquisition of e2open and increased usage of CargoWise, WiseTech's flagship software platform for logistics service providers. Despite the revenue growth, net profit after tax decreased by 11% to USD 178.7 million due to increased costs and investment in product development, which saw over USD 1.1 billion invested over five years. The report highlights key strategic initiatives, including the introduction of the CargoWise Value Packs (CVP) and advancements in AI to enhance productivity and customer value. A dividend reinvestment plan was maintained, offering shareholders the chance to reinvest dividends into additional shares. The company's financial position was bolstered by a robust operating cash flow of USD 564 million, a 29% increase from the previous year. The report emphasizes WiseTech's commitment to innovation and long-term growth, aiming to position itself as the operating system for global trade and logistics.
Key Points
  • Revenue increased by 79% to USD 1,395.9 million.
  • Net profit after tax decreased by 11% to USD 178.7 million.
  • Acquisition of e2open contributed significantly to revenue growth.
  • Over USD 1.1 billion invested in product development over five years.
  • Introduction of CargoWise Value Packs (CVP).
  • Advancements in AI aimed at productivity and cost reduction.
  • Dividend reinvestment plan continued.
  • Operating cash flow increased by 29% to USD 564 million.
  • Commitment to being the operating system for global trade and logistics.
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.