Wisetech Global (WTCHF) Q4 2026 Earnings Report

The call presented a predominantly positive operational and financial picture: record revenue growth, substantial cost savings and early delivery of e2open synergies, strong cash generation and an accelerated deleveraging path. Management also highlighted meaningful product, AI and commercial progress (high CVP adoption, AI-driven productivity gains, strategic acquisitions and new product launches). Offsetting risks include short-term margin dilution from acquisition mix, higher D&A and interest costs, substantial restructuring and workforce reductions, and customer-dependent timing risk for monetizing AI and VerifyWise which creates a second-half skew in FY '27 guidance. On balance the strengths — large top-line growth, sizable and realized cost synergies, clear cash generation and an actionable roadmap for AI and product monetization — outweigh the execution and timing risks cited.

For FY'27 management guided total revenue of $1.48–$1.54 billion (growth ~6–10% on FY'26), CargoWise revenue growth of ~12–20% with a 45:55 H1:H2 revenue skew, e2open revenue expected to be flat (includes an extra month of consolidation and an ~$5m headwind from the Expedient divestment), underlying EBITDA of $725–$780 million (growth ~12–21%) implying an underlying EBITDA margin of 49–51% (expansion of ~3–5 percentage points vs FY'26), an exit underlying EBITDA margin around the mid‑ to high‑40s% (FY'26 exit ~47%), an accelerated deleveraging target to ~2.2x net leverage by end FY'27 (2.7x at 30 June 2026) and below 2x in FY'28, initial VerifyWise revenue beginning in FY'27, and continued efficiency delivery with further annualized run‑rate savings and restructuring benefits (management cited additional run‑rate savings figures in the FY'27 period, including references to ~$40m of annualized savings and ~ $10m net cost savings guidance), all subject to customer adoption of CargoWise CVP, agentic AI and new product launches.