WiseTech Global (ASX:WTC) adjusted its outlook for fiscal 2025, lowering revenue and EBITDA expectations following leadership changes and a delay in a key product launch. The company now expects revenue of $1.2 billion to $1.3 billion, representing 15-25% growth over FY24, down from previous projections. EBITDA is expected to range between $600 and $660 million, reflecting growth of 21–33%, with the EBITDA margin remaining strong at 50–51%.
The Sydney-based company is a global leader in logistics execution software, providing solutions to more than 17,000 customers in 183 countries. Its flagship platform, CargoWise, simplifies complex logistics operations with improved productivity, integration and compliance capabilities.
Interim CEO Andrew Cartledge, who took over in late October, attributed the guidance revision to delays in the commercial launch of the Container Transport Optimization product, now expected in the second half of fiscal 25. Although the ComplianceWise product launched as planned in the first quarter and CargoWise Next remains largely on track, the delay has impacted the expected revenue timeline. Cartledge emphasized that the long-term value of these products remains unchanged.
WiseTech shares closed 12.37% lower at $121.74 on Friday.