How did WiseTech Global (ASX:WTC) perform in the first half of FY26?

WiseTech reported a significant 76% increase in total revenue to $672 million for 1H26, primarily driven by the consolidation of the e2open acquisition. While top-line growth was high, organic revenue growth—which excludes the impact of recent acquisitions—was more modest at 7%.

Why did WiseTech Global's profit margins drop in the H1 FY26 results?

The reported EBITDA margin fell by 13 percentage points to 38%, largely due to the integration of the lower-margin e2open business and one-off costs related to restructuring and M&A. In contrast, the company’s organic EBITDA margin remained stable at 51%.

Is WiseTech Global (ASX:WTC) currently profitable?

The company remains profitable, but the results showed a divergence between different profit metrics. Underlying NPAT (net profit after tax) rose 2% to $114.5 million, but statutory NPAT dropped 36% to $68.1 million.

What are the key bull and bear points for WTC after this news?

The bull case focuses on strong free cash flow growth of 24%, the successful early capture of cost synergies, and the continued rollout of CargoWise among large global forwarders. The bear case highlights the 36% drop in statutory NPAT and the risks associated with a significant workforce reduction.

What is WiseTech Global’s strategy regarding AI and staffing?

WiseTech is accelerating an "AI transformation" aimed at creating a deeper competitive moat and increasing internal efficiencies. A major component of this strategy involves a phased headcount reduction of up to 50% in product development and customer service departments.

How healthy is the WiseTech Global (ASX:WTC) balance sheet and cash flow?

The company’s cash generation remains robust, with free cash flow increasing 24% to $153.6 million during the half-year. This liquidity supported an interim dividend of 6.8 cents per share, a 1% increase over the previous year.

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WiseTech H1 revenue surges 76% amid e2open consolidation

Written by Mahathir BayenaPublished Feb 25, 2026, 12:33 AMLast Updated Jul 6, 2026, 10:45 AM

WiseTech Global (ASX:WTC) has released its financial results for the first half of the 2026 financial year, reporting a 76% increase in total revenue to $672 million.

The results include the consolidation of e2open following its acquisition in August 2025.

On an organic basis, total revenue grew by 7%. Revenue from the company's core CargoWise platform rose 12% to $372.4 million, driven primarily by rollouts among Large Global Freight Forwarders.

Earnings before interest, tax, depreciation, and amortization reached $252.1 million, a 31% increase over H1 FY25.

However, the reported EBITDA margin decreased by 13 percentage points to 38%, influenced by the e2open consolidation and associated restructuring and M&A costs.

Organic EBITDA was $208.4 million, reflecting a 7% increase and a flat organic margin of 51%.

Profitability metrics showed divergence: underlying net profit after tax rose 2% to $114.5 million, while statutory NPAT fell 36% to $68.1 million.

The decline was attributed to increased interest expenses and intangible amortisation related to the e2open transaction.

Free cash flow grew 24% to $153.6 million, and the company declared an interim dividend of 6.8 cents per share.

WiseTech is accelerating its AI transformation, aiming for up to 50% headcount reductions in specific departments to improve efficiency.

The company also confirmed that its $50 million cost synergy target for e2open has been achieved ahead of schedule and reaffirmed its full-year 2026 guidance.

WiseTech H1 revenue surges 76% amid e2open consolidation

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