WiseTech Lifts Dividend, Flags More Growth as Fiscal Year Profit Rises 15%

By Stuart Condie

SYDNEY--WiseTech Global raised its dividend and flagged earnings growth over its current fiscal year after the logistics software provider lifted annual profit by 15%.

The ASX-listed company on Wednesday reported an underlying net profit for the 12 months through June of 283.5 million Australian dollars (US$191.3 million), compared with A$247.6 million a year earlier. Statutory revenue rose by 28% to A$1.04 billion.

The board declared a final dividend of 9.2 Australian cents, compared with 8.4 Australian cents a year earlier.

Including one-off items, statutory profit rose by 24% to A$262.8 million. Earnings before interest, tax, depreciation and amortization, or Ebitda, rose by 28% to A$495.6 million.

The average analyst forecast was for an underlying net profit of A$272.5 million off revenue of A$1.06 billion, according to data compiled by FactSet. Analysts expected adjusted Ebitda of A$489 million.

WiseTech's full-year Ebitda margin of 48% beat its improved guidance range of 44-46%. It expects fiscal 2025 Ebitda growth of 33-41% at a margin of 51-52%.

Write to Stuart Condie at stuart.condie@wsj.com

(END) Dow Jones Newswires

August 20, 2024 18:56 ET (22:56 GMT)

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