WTC opened lower at open,
Total revenue $778.7m ↑ 13% organically
Underlying NPAT1 $241.8m ↑ 30% on FY24
Statutory NPAT $200.7m (↑ 17%) Underlying EPS 72.8 cps (↑ 30%)
https://hotcopper.com.au/threads/ann-wisetech-global-fy25-results-investor-presentation.8734516/
WiseTech will issue a dividend of 7.7 cents per share.
The company's "general and administration" costs skyrocketed nearly 50%, from US$97 million to US$142 million. R&D spend was up 10% to US$185 million, though sales and marketing costs decreased 15% to US$51 million.
What is included in the FY26 guidance:
• Retention of existing CargoWise customers consistent with historical levels • Overall supply chain volumes reflecting recent trends
• New customer growth consistent with historical levels
• New product and feature launches monetized
• Contractual increases in revenue from existing customers, including those reflecting the end of temporary pricing arrangements
• Standard price increases
• Inflation in staff and other costs
• Full year effect of FY25 acquisitions and a minor reduction for non-CargoWise revenue, as a group overall, from product exits, as expected
Outlook >>>>>>>>>
Voted down at open>>
WTC aim to gain Governence stabilty.
Noted: WTC team 3,500 people vs PME team 120 people
some slides here-
If you want to see the webcast click on link / then letter see below :
Link to webcast https://cdn-api.markitdigital.com/apiman-gateway/ASX/asx-research/1.0/file/2924-02889672-2A1565954
6 month chart:
This Result looks ok at a glance:
21 August 2024 WiseTech delivers strong financial performance and outlook 33% CargoWise revenue growth, 28% total revenue growth 48% EBITDA margin, ahead of expectations WiseTech Global Limited (WiseTech or the Company) today announced its financial results for the twelve months ended 30 June 2024 (FY24). FY24 highlights
• Total revenue of $1,041.7 million, up 28% (up 15% organically1 ) on FY23
• CargoWise revenue of $880.3 million, up 33% (up 19% organically) on FY23, driven by full and part year effect of FY23/FY24 M&A and customer growth including new Large Global Freight Forwarder (LGFF) rollouts
• EBITDA of $495.6 million, up 28% on FY23; 48% EBITDA margin ahead of expectations and 4QFY24 EBITDA margin run rate at 50%
• Underlying NPAT2 of $283.5 million, up 15% on FY23; with statutory NPAT of $262.8 million, up 24%
• Strong free cash flow of $333.0 million, up 14% on FY23 • Final dividend of 9.2cps, up 10% on FY23; representing payout ratio of 20% of Underlying NPAT
• CargoWise customer penetration momentum continues with LGFF wins – Sinotrans (Top 25), APL Logistics, Yamato Transport, TIBA Tech and Grupo TLA Logistics. Nippon Express (Top 25) was secured post year-end
• Three breakthrough product releases announced for FY25 - CargoWise Next, Container Transport Optimization and ComplianceWise, with planned releases commencing 1H25
Final ordinary dividend (cps) 9.2cps up 10%
Transaction small % of their holdings - pay Tax?.. Why? No News.
Richard White Disposed: 208,239 Units or $18,697,690 Has balance of $10.831Billion
Name of Director Maree Isaacs Disposed: 18,519 Units or $1,662,821 ...Balance of $963.197Million
