WiseTech Global reported an 11% drop in annual statutory net profit to $178.7 million for the year ended June 30, as costs tied to the $2.1 billion acquisition of e2open and restructuring pressures offset strong revenue growth.
The Sydney-based logistics software provider posted revenue of $1.396 billion, up 79% from the prior year, driven primarily by the e2open deal. Underlying net profit after tax, excluding acquisition-related expenses and restructuring charges, climbed 29% to $313.5 million. Basic earnings per share fell 11% to 53.6 cents, while operating profit rose 21% to $353.3 million.
Net finance costs surged to $131.7 million from $3.5 million, reflecting interest payments on debt used to fund the e2open purchase. Gross profit margin narrowed to 77% from 86%, partly due to e2open’s professional services revenue mix reducing overall profitability.
Core CargoWise platform revenue, the company’s primary offering, increased 11% to $756.9 million. Customer attrition remained below 1%, and the CargoWise Value Packs model, launched in December 2025, contributed to growth alongside new freight-forwarder deployments and price adjustments.
For the year ending June 30, 2027, WiseTech guided revenue between $1.48 billion and $1.54 billion, implying 6% to 10% growth. Projected underlying EBITDA is forecast at $725 million to $780 million, representing 12% to 21% growth with a margin of 49% to 51%. The board declared a fully franked final dividend of 8.8 cents per share, a 14% increase from the prior year’s final payment.
The company attributed the statutory profit decline to e2open integration and restructuring costs, including expenses linked to its AI transformation program.
