[REVISION HISTORY]

WiseTech Global share price volatility and regulatory probes

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2026-09-25 20:54 UTC → 2026-10-21 05:54 UTC · added ~~removed~~

WiseTech Global Ltd (ASX:WTC) continues to face extreme stock price volatility driven by governance, regulatory, and personal conduct concerns. While the company’s flagship CargoWise platform maintains a dominant market position, the stock remains significantly down from previous highs. In August 2026, shares initially saw a 25% rebound before falling more than 12% following news that the Australian Competition and Consumer Commission (ACCC) executed a search warrant at the company’s premises. The ACCC is investigating alleged breaches of the Competition and Consumer Act regarding the supply of global logistics services and software. WiseTech has stated it intends to “fully cooperate” with the investigation. By late September 2026, the stock continued a downward trend, falling 1.33 percent to 31.91 AUD on the ASX. This decline follows a period where the stock lost nearly 70% of its value since allegations regarding co-founder Richard White’s personal life emerged in late 2024. Despite the share price decline, the company reported strong financial results for fiscal year 2026, driven largely by the acquisition of e2open. Revenue for FY2026 rose 79 percent to 1.3959 billion AUD, with underlying EBITDA increasing 56 percent to 644.5 million AUD. ~~Looking ahead to FY27, WiseTech expects~~ In October 2026, shares began an upward trend, rising approximately 24% over a ~~slower growth rate of 6 to 10 percent, with projected revenue between 1.48 and 1.54 billion AUD. Future growth drivers include~~ month. This recovery follows news that the ~~introduction of VerifyWise, new agentic artificial intelligence functions,~~ Australian Securities and ~~additional rollouts for major freight forwarding clients.~~ Investments Commission (ASIC) concluded several investigations. ASIC issued no-action letters regarding share-trading investigations involving Richard White and two employees, and concluded a governance investigation without taking enforcement action. One investigation involving a non-employee remains ongoing.

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