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Investing.com-- Wisetech Global Ltd (ASX:WTC) shares fell sharply in Australian trade on Wednesday after the logistics software maker forecast below-consensus guidance for fiscal 2026, which largely offset upbeat annual earnings.
Wisetech slid as much as 17.8% to a three-month low of A$95.21, lagging a 0.2% increase in the ASX 200.
The firm’s underlying net profit after tax rose 30% to $241.8 million in the year to June 30, while revenue rose 14% to $778.7 million.
Wisetech declared a final dividend of 7.7 cents, up from 6.2 cents a year ago.
The company said it benefited from increased demand for its CargoWise logistics software, although revenue from non-CargoWise customers decreased.
But Wisetech’s outlook for the current fiscal year came in short of expectations. The company forecast earnings before interest, tax, depreciation, and amortisation between $550 million and $585 million in fiscal 2026, below Reuters estimates of $651 million.
The soft EBITDA guidance heralded more margin pressure on Wisetech in the current year, even as it forecast 2026 revenue between $1.39 billion and $1.44 billion.
Wisetech shares are trading down nearly 13% so far in 2025, as the company was wracked by a leadership crisis involving founder and former CEO Richard White.
White had in late-2024 left his role as CEO amid scandals involving his personal life, but earlier this year said he will stay on with the company as Chairman.
Wisetech tapped insider Zubin Appoo to take over as CEO in late-July.
Australia’s biggest pension fund, AustralianSuper, dumped its stake in Wisetech earlier this year.