• Group Revenue increased by 60% to $83.9 million
• EBITDA increased by 39% to $6.0 million and Net Profit Before Tax increased by 182% to $1.6 million
• Wiseway has been successful in capturing significant Asia to Australia and USA inbound freight

Wiseway Group Ltd (ASX: WWG) has reported a strong financial performance in the first half of FY25, with Group Revenue increasing by 60% to $83.9 million and EBITDA increasing by 39% to $6.0 million. The company has also seen a 182% increase in Net Profit Before Tax to $1.6 million. This marks the fourth successive half-year period of profitability and strong financial performance for Wiseway. The company has been successful in capturing significant Asia to Australia and USA inbound freight, with a 192% increase in Imports and a 9x increase in USA revenue. This has been driven by the growth in e-commerce volumes and increased shipments of lobster and wine to China. Wiseway has also continued to prioritize its Imports division, allowing further capture of the growing e-commerce market, while maintaining cost discipline to deliver profitable results despite a competitive market. The company's Perishables Strategy has achieved additional client wins, and the Sales team has generated positive returns on investment and a large number of new account wins. Wiseway's balance sheet remains healthy, with a 42% increase in Cash and Cash Equivalents to $11.8 million, supporting strategic opportunities. The company is focused on improving its long-term capital structure through continued asset utilization and debt reduction.

Wiseway expects FY25 results to have double-digit growth compared to previous years, driven by continued growth in Imports and the United States. The company also expects potential tailwinds in the second half of FY25 as lobster exports into China continue to increase.

Wiseway's ambition is to be a leading logistics partner in the Asia Pacific region, providing excellent services and superior customer value to its partners. The company's division priorities include maintaining air freight market share, investing to grow sea freight, winning perishables market share, capturing the inbound e-commerce trend, optimizing road freight and warehousing, and driving global growth. Wiseway also plans to focus on cost and process efficiency, expanding digital capabilities, delivering world-class customer service, and pursuing M&A opportunities.