SYDNEY, August 26, 2026, 20:58 (AEST)
- WiseTech finished the session at A$41.10, falling 9.6% and wiping roughly A$1.46 billion from its market value.
- Revenue for fiscal 2026 increased by 79% to US$1.396 billion, while statutory profit declined by 11%.
- Revenue guidance for fiscal 2027 indicates growth of 6% to 10%, significantly slower than the previous acquisition-driven rate.
Shares in WiseTech Global Limited ASX:WTC dropped 9.6% on Wednesday. The company finished at A$41.10, after reaching as low as A$40.80 during the session, market data showed closing price.
The decline wiped roughly A$1.46 billion off the listed equity value, based on 333.43 million shares and Tuesday’s A$45.47 closing price market data.
The market’s concern did not focus on last year’s expansion. Revenue climbed to US$1.396 billion, marking a 79% increase, as e2open added US$541.2 million over 11 months results summary.
This marked a shift to modest growth. WiseTech forecast fiscal 2027 revenue at US$1.48 billion–US$1.54 billion, representing an increase of just 6%–10%.
| US$ million | FY2025 | FY2026 | FY2027 guide |
|---|---|---|---|
| Revenue | 778.7 | 1,395.9 | 1,480–1,540 |
| Underlying EBITDA | 413.9 | 644.5 | 725–780 |
| Underlying EBITDA margin | 53% | 46% | 49%–51% |
| Statutory NPAT | 200.7 | 178.7 | No outlook provided |
CargoWise posted an 11% rise in revenue to US$756.9 million. The importance of this organic growth has grown, as the initial consolidation lift from e2open will not recur in the following year.
Profit quality showed mixed results. Underlying EBITDA increased by 56% to US$644.5 million, while the margin contracted by seven points to 46%.
Statutory net profit declined 11% to US$178.7 million. Higher interest expenses and amortisation of acquired assets largely countered the increase in operating profit.
Cash conversion provided backing. Underlying free cash flow increased by 67% to US$489.6 million, and net leverage stood at 2.7 times at the end of June.
Management is emphasising efficiency. WiseTech said it achieved annualised savings of US$115 million, with US$34 million attributed to its AI transformation investor centre.
Over 95% of CargoWise clients have transitioned to Value Packs. The number of new small-business agreements increased by roughly 55%, though these figures do not represent revenue projections.
Analyst sentiment ahead of the results was positive, with sixteen analysts maintaining Buy ratings and the consensus price target at A$65.16 in July consensus data.
The target suggests a 58.5% gain from Wednesday’s closing price. This could change following the updated outlook, so the spread is not a guaranteed figure.
“wtc asx” surfaced on the latest English-language trending topics list as investors considered higher revenue versus softer profit Google Trends monitor. The spike in search activity reflected an actual repricing rather than speculation.
Risks: A decline in freight volume may diminish transaction-based revenue. Delays in integration, heightened regulatory attention, or additional restructuring expenses could further postpone the anticipated margin rebound regulatory background.
The following valuation assessment is execution. WiseTech is required to translate a 6%–10% rise in sales into a 12%–21% increase in EBITDA, excluding the impact of another substantial acquisition step-up.
