EBITDA margin exceeds expectations, long-term growth runway

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Stock Wisetech Global Ltd (WTC.ASX)
Release Time 27 Aug 2025, 9:13 a.m.
Price Sensitive Yes
 EBITDA margin exceeds expectations, long-term growth runway
Key Points
  • 18% CargoWise revenue growth, 14% total revenue growth
  • 26% EBITDA growth with margin rate up 5pp to 53% ex. e2open M&A costs
  • Completed strategically significant acquisition of e2open, expanding total addressable market
Full Summary

WiseTech Global Limited (WiseTech or the Company) announced its financial results for the 12 months ended 30 June 2025 (FY25). Total revenue grew 14% to $778.7 million, with CargoWise revenue growing 18% to $682.2 million. EBITDA excluding e2open M&A costs grew 26% to $409.5 million, with the EBITDA margin up 5 percentage points to 53%. Reported EBITDA was $381.6 million, up 17%, with the EBITDA margin rate up 1 percentage point to 49%. Underlying NPAT grew 30% to $241.8 million, and free cash flow increased 31% to $287.0 million. The company completed the strategically significant acquisition of e2open on 4 August 2025, expanding its total addressable market in the $11+ trillion global logistics market. The company's breakthrough products, including CargoWise Next and Container Transport Optimization, continue to progress towards revenue generation. The new CargoWise commercial model is expected to drive long-term product adoption and value creation through deep AI workflow and management engine opportunity.

Guidance

Subject to the assumptions set out in the WiseTech Global FY25 Results presentation, the company anticipates FY26 revenue of $1.39 billion-$1.44 billion (representing revenue growth of 79%-85%), EBITDA of $550 million-$585 million (representing EBITDA growth of 44%-53%) and EBITDA margin of 40%-41%.

Outlook

WiseTech is positioned at the forefront of innovation in the global logistics and supply chain industry, with its technology solutions reshaping how customers operate. The company sees an exciting future, driven by its focus on delivering new products, its expanded ecosystem with e2open, its new CargoWise commercial model, and additional value creation through deep AI workflow and management engine opportunity.