Shares of WiseTech Global fell 7.5% to A$42.06 on Wednesday, reversing gains from the prior session as investors reacted to weaker-than-expected annual profit despite strong revenue growth.
The logistics software group’s stock opened at A$43.70 and touched an intraday low of A$40.80, extending losses from its prior close of A$45.47. The decline erased part of the stock’s 41% advance over the past month.
WiseTech reported a statutory net profit after tax of US$178.7 million for the fiscal year 2026, down 11% from US$200.7 million a year earlier, even as total revenue surged 79% to US$1.396 billion. The revenue increase was primarily driven by the first full-year contribution from the acquisition of e2open, which closed in 2025.
The profit decline reflected elevated costs tied to the e2open deal and accelerated investments in an artificial intelligence transformation program. The company’s broader market context offered little support, with the ASX 200 index posting a modest gain during the session.
WiseTech Global, which provides logistics software solutions, has faced margin pressure as it integrates e2open and scales AI initiatives. The stock’s decline underscores investor concerns over near-term profitability amid aggressive growth investments.
