WiseTech Global Ltd (ASX: WTC) shares have jumped 7.65% higher in morning trade on Wednesday. At the time of writing, the beaten-down tech stock has climbed to $46.28 a piece. The uptick follows the company's half-year results for FY26, which it posted ahead of the ASX open this morning.
It's good news for the logistics software company after several huge headwinds sent WiseTech shares crashing over the past 8 months.
This morning's increase means the shares are now down 32.48% year-to-date and 51.3% on the year.
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Here's what investors were happy with in WiseTech's latest results
For the six-month period ended 31st December 2025, WiseTech posted increases across most of the business
The company posted an impressive 76% total revenue surge to US$672 million, compared with $381 million in the first half of FY25.
Revenue from its CargoWise business increased 12% on the prior corresponding period (pcp) alone, to US$372.4 million. This was thanks to customer growth and global rollouts. The increase included $6.6 million from FY25 M&A and a $3.7 million FX tailwind, with 1H/2H skew now expected to be more in line with FY25 as initiatives continue to roll out. Organically, CargoWise revenue grew by 9% on the pcp, or $30.4 million.
WiseTech also posted a 31% increase in EBITDA to US$252.1 million, and a 2% increase in underlying net profit to US$114.5 million.
Its statutory NPAT, however, dropped 36% to US$68.1 million. This was due to increased intangible amortisation and interest expenses related to the consolidation of e2open (which was completed on the 4th of August 2025).
WiseTech confirmed that on the 30th of July 2025, $2.4 billion of its $3 billion senior unsecured syndicated debt facility was drawn down as bank loans. This was used to complete the acquisition of e2open and provide additional working capital and liquidity.
WiseTech's net leverage ratio was 3.2x as at 31 December 2025. It expects to deleverage to ~3.0x by the end of FY26 and ~2.5x by the end of FY27. It expects to progress toward a long-term target of less than 2.0x by August 2028.
AI transformation = job cuts
WiseTech said it is undergoing a "deep AI transformation" in what it described as the "most significant shift in decades".
As part of this transformation, the company said it is expecting to reduce teams in FY26 and FY27. Initially, WiseTech said it expects to reduce product and development, and customer service across the company, including e2open, by up to 50% in headcount.
Overall, it expects the program will see a reduction of approximately 2,000 roles in FY26 and FY27.
