WiseTech Global’s stock slid 7.5% to A$42.06 on Wednesday after the logistics software provider reported a full-year statutory net profit decline and warned of ongoing cost pressures tied to its AI transformation and e2open acquisition.
The company’s shares opened at A$43.70 and reached a session low of A$40.80 before paring some losses. The decline followed a 41% gain over the prior month, which had been driven by speculative positioning and renewed interest in Australian technology stocks.
For the full fiscal year 2026, WiseTech Global posted statutory net profit after tax of $178.7 million, down 11% from $200.7 million in the prior year. Revenue rose 79% to $1.396 billion, largely reflecting the first full-year contribution from the e2open acquisition.
The earnings miss was attributed to elevated costs associated with integrating e2open and accelerating investments in artificial intelligence initiatives. The broader Australian equity market provided limited support, with the ASX 200 edging higher during the session.
Analysts noted that the profit shortfall unwound much of the stock’s recent speculative premium, leaving shares trading closer to fundamentals after the sharp pre-earnings rally.
