WiseTech Global Achieves New Growth Records

Growing CEO wealth

The increase further increased the wealth of founder and CEO Richard White, making him a billionaire. White, who owns a 39% stake in WiseTech, saw his stake increase by about $3 billion in two days.

Fiscal Year 2024 Results Overview

In fiscal 2024, WiseTech saw revenue grow 28% to $1.04 billion, slightly below estimates. CargoWise saw revenue rise 33% to $880.3 million.

EBITDA rose 28% to $495.6 million, and underlying NPAT rose 15% to $283.5 million, topping the consensus estimate of $265.7 million. WiseTech’s final dividend payout rose 10% to 9.2 cents per share, reflecting a 20% payout ratio.

Projected revenue growth

For fiscal year 2025, revenue is forecast to be between $1.3 billion and $1.35 billion, representing an annual growth rate of 23.9%. This is significantly higher than the Australian market average of 12.3%.

This growth is being driven by expected strong demand for logistics software solutions from major customers such as DHL and FedEx.

Projected revenue growth from 2024