WiseTech Global reported a 79% year-over-year jump in total revenue to $1.40 billion for the fiscal year ended June 30, 2026, driven by strong contributions from the e2open acquisition and organic growth in its CargoWise platform. Underlying EBITDA rose 56% to $644.5 million, though margins compressed seven percentage points to 46% as investment in AI and product development weighed on profitability.
The Sydney-based logistics software provider said underlying net profit after tax increased 29% to $313.5 million, while underlying earnings per share climbed 28% to 94.0 cents. Operating cash flow surged 29% to $564.0 million, with free cash flow up 43% to $410.7 million. Cash conversion remained robust at 101% of reported EBITDA and 100% on an underlying basis.
CEO Zubin Appoo highlighted AI integration as a key lever for efficiency, noting $34 million in annual EBITDA savings from the company’s AI transformation program. The initiative has reduced around 1,200 roles across product development and customer service while boosting productivity metrics, including a 45% increase in engineering output and a 22% faster resolution time for support tickets. AI tools are now used by 75% of the workforce, with 90% of code written with AI assistance.
The e2open acquisition contributed $541.2 million in revenue with an underlying EBITDA margin of 36%, an eight-percentage-point improvement from the FY25 pro forma baseline. CargoWise, excluding e2open, generated $854.8 million in revenue with a stable 53% underlying EBITDA margin. Organic CargoWise revenue rose 11% to $756.9 million, supported by $38.5 million from existing customers and $18.1 million from new business.
Cost synergies from the e2open deal reached $64 million in annualized run-rate savings, exceeding the FY27 target of $50 million nearly 18 months ahead of schedule. Recurring revenue grew by $550.7 million, or 72%, including $497.4 million from mergers and acquisitions. The company’s Rule of 40 metric stood at 108% on a reported basis and 114% on an underlying basis.
WiseTech’s balance sheet showed total assets of $4.87 billion at June 30, 2026, including $343.5 million in cash and $2.19 billion in borrowings under a $3.0 billion unsecured debt facility. Net leverage declined to 2.7 times, down from 3.2 times at the end of 2025, with management targeting deleverage to around 2.2 times by the end of FY27 and below 2.0 times in FY28.
Despite the record financial performance, WiseTech struck a cautious tone on near-term growth. The company guided FY27 revenue to $1.48 billion to $1.54 billion, representing 6–10% growth from FY26, with e2open revenue assumed to remain flat. Underlying EBITDA is projected at $725 million to $780 million, implying 12–21% growth and a margin expansion of three to five percentage points to 49–51%. CargoWise revenue growth is expected to range between 12% and 20%, with the second half of FY27 anticipated to outperform the first half.
Shares in WiseTech fell 5.26% to $43.08 in early trading, extending losses from the prior close of $45.47. The stock remains approximately 61% below its 52-week high of $110.04 but roughly 50% above its 52-week low of $28.76.
