Aussie logistics software maker WiseTech hits all-time high on stellar outlook

Shares of WiseTech Global hit a record high on Wednesday, after the Australian logistics software maker forecast strong results for the current financial year and its 2024 underlying profit beat market expectations.

WiseTech Global's shares soared as much as 21.8% to their all-time high of A$114.990, and was among the top three gainers in the ASX 200 benchmark index.

It forecast operating earnings between A$660 million ($445.50 million) and A$700 million for the year ending June 30, 2025, ahead of Visible Alpha consensus of A$654.8 million and sharply above A$495.6 million in fiscal 2024.


It expects 2025 revenue to be between A$1.30 billion and A$1.35 billion, the mid-point of which is in-line with consensus.

WiseTech's 2024 underlying profit jumped 15% to A$283.5 million, 6% ahead of consensus. It declared a final dividend of 9.2 Australian cents per share.

($1 = 1.4815 Australian dollars) (Reporting by Sameer Manekar and John Biju in Bengaluru; Editing by Rashmi Aich)