Company Interview / Market Update | WiseTech, A2 Milk

WiseTech (ASX:WTC) shares are jumping on news co-founder Richard White has stepped down as executive chair, effective immediately, with independent director Raelene Murphy appointed chair. White has released a statement saying recent media attention had become a distraction for the logistics software company.

A2 Milk's (ASX:A2M) FY26 revenue has come in at $1.97 billion, which is up 12 percent on the prior year. Its China label infant milk formula sales fell 14% due to supply chain disruptions in the fourth quarter, but other product categories performed strongly. EBITDA margin reached the high end of guidance above 14%. The company expects net profit slightly up on FY25 reported results and says supply chain issues have now been resolved.