The WiseTech Global Ltd (ASX: WTC) share price has risen by 10% after reporting its FY26 half-year result and significant job layoffs.
WiseTech is the company behind global logistics software CargoWise.
WiseTech FY26 half-year result
Here are some of the highlights from the report for the six months to 31 December 2025:
- Revenue grew 76% to US$672 million
- EBITDA (EBITDA explained) rose 31% to US$252.1 million
- Underlying net profit rose 2% to US$114.5 million
- Statutory net profit after tax (NPAT) sank 36% to $US68.1 million
- Free cashflow grew 24% to US$153.6 million
- Interim dividend per share hiked by 1% to US$0.068 per share
What happened?
The main reason that revenue jumped so much was the inclusion of acquired business E2open, which was part of the WiseTech business for five months.
Not only does E2open diversify WiseTech’s revenue sources, but its annualised run rate savings target of $50 million was achieved nearly a year and a half earlier than planned.
CargoWise revenue grew by 12% to $372.4 million year on year, with organic revenue growth of 9%. WiseTech said that organic revenue was driven by large global freight forwarder (LGFF) rollouts, price increases and the new commercial model.
Profitability declined because of E2open consolidation, restructuring, acquisition, intangible amortisation and interest costs.
Job cuts at WiseTech
The company said it’s undergoing a “deep AI transformation” as it embeds AI for both customers and international operations.
The idea is that this will “accelerate productivity, automation and decision-making across the industry’s complex, regulated workflows, and across WiseTech’s own operations.”
Starting in the second half of FY26 and continuing into FY27, it’s expecting to “reduce teams”. Initially in product & development and customer service across the company, including E2open, by up to 50% in terms of headcount.
The program will likely result in a reduction of approximately 2,000 roles across FY26 and FY27.
WiseTech’s management said that the era of manually writing code as the core act of engineering is over.
The WiseTech CEO Zubin Appoo said:
AI amplifies the productivity of our expertise in logistics and trade, the rich datasets that WiseTech holds, and the network advantage that we have built over 30 years. And it allows us to move faster from ideas to real customer value through the efficiencies it brings in software development and product creation.
We expect our AI transformation journey to deliver:
• A leaner, more efficient AI-led organization supporting a structurally lower cost base and improved scalability.
• A stronger, more deeply embedded platform as AI-driven automation, labor efficiency and risk reduction becomes even more paramount to customers.
• The ability to leverage our transaction-based commercial model, deliberately aligned to value rather than number of users.
• And, significantly higher productivity and efficiency in software development, turning investment into customer value faster.
Outlook for the WiseTech share price
The company has fallen hard over the last several months, partly due to worries about AI. Well, the company is looking to utilise AI significantly to change how its business operates.
WiseTech believes that as adoption of AI accelerates, the value of its ecosystem, data and government regulatations will become more important.
Time will tell whether AI is a net negative or net positive for the business. But, it’s certainly one of the ASX growth shares to keep an eye on, particularly if organic revenue growth remains solid.
