The WiseTech Global Ltd (ASX: WTC) share price is in focus today after the company reported a record 79% surge in revenue to US$1,395.9 million and a 54% jump in guidance EBITDA, both driven significantly by the e2open acquisition and strong AI productivity gains.
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What did WiseTech Global report?
- Total revenue up 79% to US$1,395.9 million, within guidance
- Guidance EBITDA of US$585.8 million, up 54%; Reported EBITDA of US$558.4 million, up 46%
- Underlying EBITDA of US$644.5 million, up 56%; margin at 46%
- Underlying NPAT rose 29% to US$313.5 million; Statutory NPAT down 11% to US$178.7 million
- Final fully franked dividend increased 14% to 8.8 US cents per share
- Free cash flow up 43% to US$410.7 million; Underlying free cash flow up 67% to US$489.6 million
What else do investors need to know?
The e2open acquisition was a major contributor to WiseTech's growth story this year, bringing in US$541.2 million revenue. Cost-saving programs delivered around US$115 million in annualised savings, including efficiencies from adopting AI in operations. Notably, more than 95% of CargoWise customers have transitioned to the new Value Packs commercial model, helping boost new signings—especially among SME customers.
WiseTech made strategic moves, such as acquiring FRDM.ai to expand its compliance offering (VerifyWise), and launched innovation-driven initiatives. The board also revised its structure to strengthen governance, welcoming a new permanent CEO and shifting to an independent Chair model.
What did WiseTech Global management say?
WiseTech Global's CEO, Zubin Appoo, commented:
This was a transformational year for WiseTech. We acquired e2open to expand our offerings into adjacent markets, launched our new commercial model with more than 95% of CargoWise customers now on CargoWise Value Packs, and adopted AI across our own operations. We secured government agreements, delivering customs solutions for both the New Zealand Customs Service and the New Zealand trade community.
We added to our VerifyWise solution, acquiring FRDM.ai to accelerate supply chain compliance for exporters, importers and banks, and we continue to build out our CargoWise AI Workflow Engine and AI Management Engine to reduce the cost of global trade and logistics for our customers.
What's next for WiseTech Global?
Looking to FY27, WiseTech is forecasting total revenue growth of 6% to 10% (US$1.48 billion to US$1.54 billion) and underlying EBITDA growth between 12% and 21%, with a margin uplift to 49%–51%. Management's attention remains on integrating e2open, further rolling out the new commercial model, accelerating AI-driven product development, and driving margin expansion and debt reduction.
Priorities for FY27 include migrating the remaining legacy customers to Value Packs, launching new AI solutions, delivering additional regulatory solutions, and maintaining investment in R&D. The company remains committed to operating discipline and revenue quality improvement, supported by innovation and product enhancement.
WiseTech Global share price snapshot
The WiseTech Global share price has been among the worst performers on the S&P/ASX 200 index (ASX: XJO) over the last 12 months with a decline of over 60%.
