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.