WiseTech Global reported total revenue of $1.40 billion for the fiscal year ended June 30, 2026, a 79% increase from $778.7 million in the prior year, driven primarily by the integration of e2open and organic growth in its CargoWise platform. Underlying EBITDA rose 56% to $644.5 million, though the margin compressed by 7 percentage points to 46% as investment in AI and product development weighed on profitability.
The company’s share price fell 5.3% to $43.08 on August 26, 2026, following the results presentation, leaving the stock 61% below its 52-week high of $110.04 and 50% above its low of $28.76. Underlying net profit after tax increased 29% to $313.5 million, while underlying earnings per share rose 28% to 94.0 cents. Operating cash flow climbed 29% to $564.0 million, with free cash flow up 43% to $410.7 million.
AI adoption played a central role in the company’s efficiency drive. Approximately 75% of WiseTech’s workforce now uses AI tools, with 90% of code generated by AI or AI-assisted systems. These tools delivered a 45% productivity increase in engineering and a 22% faster resolution of support tickets. Six AI agents have been deployed across CargoWise, targeting up to 50% labor cost savings for logistics service providers. A large global freight forwarder could realize $180–$300 million in annual savings from a 10% labor reduction, according to management.
The e2open acquisition contributed $541.2 million in revenue with an underlying EBITDA margin of 36%, an 8 percentage point improvement from the prior year’s pro forma baseline. Excluding e2open, WiseTech’s legacy business generated $854.8 million in revenue with a flat underlying EBITDA margin of 53%. CargoWise revenue grew 11% organically to $756.9 million, supported by $38.5 million from existing customers and $18.1 million from new clients.
Cost synergies from the e2open integration exceeded initial targets, with $64 million in annualized run-rate savings achieved nearly 18 months ahead of the FY27 goal. An additional $34 million in annual EBITDA run-rate savings came from an AI transformation program that reduced approximately 1,200 roles across product development and customer service. Total annualized efficiency savings reached $115 million, with an additional $40 million targeted by the end of FY27.
R&D investment totaled $340.7 million, representing 24% of revenue, with 45% capitalized. The company delivered 1,827 new CargoWise product enhancements during the year, bringing the five-year total to over 6,500 updates. Product design and development expenses accounted for 13% of revenue, down 2 percentage points from the prior year.
WiseTech’s balance sheet reflected the e2open acquisition, with total assets rising to $4.87 billion as of June 30, 2026. Cash stood at $343.5 million, while borrowings under a $3.0 billion unsecured debt facility totaled $2.19 billion, leaving $812.6 million in available capacity. Net leverage declined to 2.7 times, down from 3.2 times at December 31, 2025, with management targeting deleveraging to approximately 2.2 times by the end of FY27 and below 2.0 times in FY28.
For FY27, WiseTech guided revenue to $1.48–$1.54 billion, representing 6–10% growth, with e2open revenue assumed to remain flat. Underlying EBITDA is expected to reach $725–$780 million, a 12–21% increase, with margins expanding to 49–51%. CargoWise revenue growth is projected at 12–20%, with the second half of FY27 anticipated to outperform the first half.
