WISETECH GLOBAL LTD

WiseTech Global posted record revenue of AUD 1.3959 billion (+79%) in fiscal 2026 and adjusted EBITDA of AUD 644.5 million; adjusted earnings per share rose to AUD 0.94. Growth and cash flow were supported by the consolidation of e2open, cost reductions and expansion of CargoWise, but the adjusted EBITDA margin fell to 46%. For 2027 management forecasts revenue growth of 6–10% (AUD 1.48–1.54 billion) and adjusted EBITDA between AUD 725 million and AUD 780 million, expecting only gradual margin improvement. Investors reacted negatively to the weaker outlook, sending the share price down by around 6%. » More on de.investing.com

Shares of WiseTech fell about 13% on Wednesday after the Australian Competition and Consumer Commission (ACCC) searched company premises seeking documents and electronic data. WiseTech said it would fully cooperate, but the ACCC did not disclose the focus of the probe. The incident renews governance worries after earlier competition cases, a divestiture order and controversies surrounding founder Richard White had already put the company under scrutiny. » More on de.investing.com

With immediate effect, Richard White has handed the chairmanship of WiseTech to independent director Raelene Murphy and remains on the board as an executive director and chief innovation officer. The company cited a sharpened focus on growth and succession planning and distractions from recent media allegations against White, which he denies. The board initiated an investigation into the allegations at the end of 2024, had it completed externally in 2025, and said it will continue to monitor any new developments. » More on de.investing.com

Wisetech Global’s stock jumped 11.1% to A$39.31 after co-founder Richard White resigned as Executive Chair. The move follows an ongoing scandal and governance concerns that had weighed on institutional investors. White remains the largest shareholder with just under 40% and will stay on as Executive Director and Chief Innovation Officer. » More on de.investing.com

The Australian Federal Police are investigating WiseTech founder and executive chairman Richard White over alleged sexual exploitation of a former cleaner; human trafficking specialists are also examining accusations of false statements on a visa application. After the news broke the share price fell by more than 18 percent; the company has lost over half its market value since the start of the year and is currently around €6.5 billion. WiseTech has not yet commented on the investigations. » More on manager-magazin.de