The WiseTech Global Ltd (ASX: WTC) share price is in focus after the company delivered a 76% surge in total revenue and a 31% lift in EBITDA for the first half of FY26.
What did WiseTech Global report?
- Total revenue rose 76% to US$672.0 million, including five months' contribution from e2open (up 7% organically).
- CargoWise revenue increased 12% to US$372.4 million (up 9% organically), mainly from customer growth and global rollouts.
- Reported EBITDA climbed 31% to US$252.1 million, with margin at 38% (organic EBITDA increased 7% to US$208.4 million, margin 51%).
- Underlying NPAT grew 2% to US$114.5 million; statutory NPAT dropped 36% to US$68.1 million due to higher non-cash charges and interest.
- Operating cash flow up 14% to US$231.7 million; free cash flow up 24% to US$153.6 million.
- Interim dividend declared at 6.8 US cents per share, up 1% on 1H25, with a 20% payout ratio.
What else do investors need to know?
WiseTech's half included the first five months of consolidated results from the e2open acquisition. Integration is progressing well, with US$50 million in annualised cost synergies achieved in January—eighteen months ahead of schedule.
A major focus this period has been WiseTech's AI transformation strategy. With almost all CargoWise customers shifted to a transaction-based commercial model, WiseTech is repositioning its platform for future efficiency and customer value. The company announced plans for a phased headcount reduction of up to 50% in product, development, and customer service roles, including e2open, through FY27.
What did WiseTech Global management say?
WiseTech CEO Zubin Appoo said:
This half, we executed with discipline and delivered results in line with our expectations, and we are confident in our outlook. We continue on our deliberate AI transformation journey. AI is strengthening our advantage, enabling significantly more automation and value for our customers, embedding our products more deeply into their daily operations, and unlocking levels of efficiency gains across WiseTech that were previously out of reach.
What's next for WiseTech Global?
Looking ahead, WiseTech reaffirmed its FY26 guidance with expected revenue between US$1.39 billion and US$1.44 billion, representing 79%–85% growth, and EBITDA of US$550–585 million, up 44%–53%. The company is targeting a continued EBITDA margin of 40–41% and aims to further reduce net leverage to below 2.0x by August 2028.
WiseTech is accelerating its investment in AI as it re-shapes its workforce and product offering. The group plans ongoing rollouts of its new commercial model and strategic integration of e2open, while delivering more software enhancements and maintaining a focus on recurring revenue and customer value.
WiseTech Global share price snapshot
Over the past 12 months, WiseTech shares have declined 54%, trailing the S&P/ASX 200 Index (ASX: XJO) which has risen 9% over the same period.
