WiseTech shares have dropped more than 14% in early trade, slipping below the A$100 mark, despite delivering a stronger-than-expected FY25 result and outlining a solid growth outlook for FY26.
The software company, which has faced heightened scrutiny following allegations and a scandal involving founder and executive chairman Richard White, reported a 17% increase in net profit to A$200.7 million, with earnings exceeding internal forecasts.
Looking ahead, WiseTech has guided to FY26 revenue of A$1.39–A$1.44 billion, representing growth of 79–85%. It expects earnings before interest, tax, depreciation and amortisation (EBITDA) of A$550–A$585 million, up 44–53%, with margins of 40–41%.
UBS analyst Phil Campbell noted that the earnings guidance was 4–9% below consensus, with about half of the shortfall linked to slower Cargowise revenue growth and revised E2Open revenue recognition. “This needs more clarification on the call,” he said.
Citi equity analyst Siraj Ahmed added: “Given decelerating Cargowise revenue and weaker than expected guide, we expect the stock to be down by more than the EBITDA downgrade (excluding one-off costs). The focus on the call will be on benefit from the new commercial model and expected monetisation profile for CTO (Container Transport Optimization platform).”