WiseTech Global (ASX: WTC) Revenue Jumps 79% After e2open Deal

WiseTech Global reported record annual revenue after consolidating e2open, while accelerated cost savings helped earnings exceed guidance.

Revenue rose 79% to US$1.40 billion in the year ended June 30, 2026. The result included 11 months of e2open following the acquisition’s completion in August 2025.

Guidance-basis EBITDA increased 54% to US$585.8 million, with a margin of 42%. Both measures exceeded WiseTech’s outlook.

The acquisition sharply expanded WiseTech’s scale and extended its reach across global supply chains. However, e2open’s lower-margin operating model reduced the combined group’s margins. Integration savings and operating leverage will therefore remain central to WiseTech’s financial performance.

e2open Reshapes the Earnings Profile

Reported EBITDA rose 46% to US$558.4 million, although the margin fell nine percentage points to 40%.

WiseTech attributed the decline to e2open’s consolidation, restructuring costs and the loss on its Expedient Software divestment.

Underlying EBITDA climbed 56% to US$644.5 million. Its margin declined seven percentage points to 46%, reflecting e2open’s lower margins.

Statutory net profit fell 11% to US$178.7 million. Interest and amortisation expenses associated with e2open weighed on the result.

Underlying net profit increased 29% to US$313.5 million. Underlying earnings per share rose 28% to 94 US cents.

Savings Arrive Ahead of Target

WiseTech delivered approximately US$115 million in annualised run-rate savings during FY26.

That included US$64 million from e2open, exceeding the company’s US$50 million FY27 synergy target early. The savings lifted e2open’s underlying EBITDA margin eight percentage points against its FY25 pro forma result.

Another US$34 million came from WiseTech’s AI Transformation program. The program reduced approximately 1,200 roles globally.

A further US$17 million came from an efficiency program focused on high-performance teams and early artificial-intelligence adoption.

CargoWise revenue increased 11% to US$756.9 million. Meanwhile, e2open contributed US$541.2 million during its 11-month consolidation period.

More than 95% of CargoWise customers are now on CargoWise Value Packs. Since their introduction, new SME signings increased about 55%. Overall new signings rose approximately 30%.

Cash Flow and Leverage

Operating cash flow increased 29% to US$564 million, while free cash flow climbed 43% to US$410.7 million. Underlying free cash flow advanced 67% to US$489.6 million.

WiseTech ended June with US$2.2 billion outstanding under its US$3 billion debt facility. Cash stood at US$343.5 million.

Net leverage was 2.7 times, below the previous target of about three times. WiseTech expects it to reach approximately 2.2 times by the end of FY27.

The board declared a fully franked final dividend of 8.8 US cents per share, up 14%. It is payable on October 9.

FY27 Guidance Targets Higher Margins

WiseTech expects FY27 revenue between US$1.48 billion and US$1.54 billion, representing growth of 6% to 10%.

Underlying EBITDA is forecast between US$725 million and US$780 million, up 12% to 21%. The underlying EBITDA margin is expected to reach 49% to 51%.

The range reflects expected CargoWise Value Pack adoption, agentic AI deployment and new products including VerifyWise. Guidance assumes market conditions do not materially change.