• Revenue up 17% to $381.0m
• Statutory net profit after tax up 38% to $106.4m
• Underlying net profit after tax up 34% to $112.1m

WiseTech Global, a leading provider of software solutions to the global logistics industry, has reported its financial results for the half-year ended 31 December 2024 (1H25). The company delivered revenue growth of 17% to $381.0m, with 15% organic growth. Statutory net profit after tax increased 38% to $106.4m, while underlying net profit after tax grew 34% to $112.1m. The growth was driven by new CargoWise customer wins, increased usage by existing customers, and price increases to offset inflation. Recurring revenue now makes up 98% of total revenue. The company continued to invest significantly in product innovation, with R&D investment increasing 18% to $137.0m, or 36% of total revenue. This has enabled the delivery of over 5,800 product enhancements on the CargoWise platform in the last five years. The company's cost efficiency program has exceeded its $33m target, delivering $14m in net cost savings in 1H25. Operating cash flow increased 24% to $202.7m, demonstrating the strength of the company's highly cash-generative business model.

WiseTech Global is not providing any specific forward-looking financial guidance for FY25 at this time.