WiseTech H1 revenue surges 76% amid e2open consolidation

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.