WiseTech Global reported an 11% decline in annual statutory net profit after tax to $178.7 million, as costs tied to the $2.1 billion acquisition of e2open and a corporate restructuring program weighed on earnings.
The Sydney-based logistics software provider posted revenue of $1.40 billion, a 79% increase from the prior year, primarily driven by the e2open deal. Net financial costs ballooned to $131.7 million from $3.5 million, reflecting higher interest expenses on debt incurred to finance the acquisition. Excluding acquisition-related costs and restructuring charges, underlying net profit rose 29% to $313.5 million.
Basic earnings per share fell 11% to 53.6 cents, while operating profit advanced 21% to $353.3 million. Gross profit margin narrowed to 77% from 86%, attributed to e2open’s professional services revenue mix, which reduced overall profitability.
CargoWise, WiseTech’s core platform, generated $756.9 million in revenue, up 11%. Customer churn remained below 1%. The company declared a fully franked final dividend of 8.8 cents per share, a 14% increase from the prior year’s final payment.
For the fiscal year ending June 2027, WiseTech projected revenue between $1.48 billion and $1.54 billion, representing 6% to 10% growth. Underlying EBITDA is expected to reach $725 million to $780 million, reflecting 12% to 21% growth with a margin of 49% to 51%. Growth in CargoWise was driven by new deployments with freight forwarders, higher utilization rates, pricing adjustments, and the CargoWise Value Packs model launched in December 2025.
