Highlights

  • FY26 revenue and other income reached A$669.9 million, while underlying EBITDA totalled A$113.6 million.
  • Statutory net profit after tax was A$17.7 million for the year ended 30 June 2026.
  • Annual total transaction value reached A$9.8 billion across 18.3 million transactions.
  • Customer remediation progressed, with about 78% of refunds agreed or close to finalisation.
  • A$106.9 million in cash and a A$175 million funding package supported the group’s liquidity position.

Corporate Travel Management Limited (ASX:CTD) arranges and manages corporate and government travel, including booking, accommodation and related travel services across Australia and New Zealand, North America, Europe and Asia. Its financial year ended 30 June 2026 reflected improved operating earnings alongside continuing customer remediation and governance work. The results released in September reported higher transaction activity and a return to statutory profitability, while management acknowledged that earnings remained below earlier operating levels.

Revenue and Earnings Performance

Corporate Travel Management (ASX:CTD) reported FY26 revenue and other income of A$669.9 million and underlying earnings before interest, tax, depreciation and amortisation (EBITDA) of A$113.6 million. Statutory net profit after tax was A$17.7 million. Underlying EBITDA excludes specified transition-related costs, making it distinct from the reported accounting profit.

Total transaction value (TTV), representing travel booked for clients, reached A$9.8 billion. Transaction volumes were 18.3 million. Revenue and transaction activity therefore offer separate measures of the company’s scale: TTV captures the value of customer travel arrangements, while revenue measures income recorded by the group.

Regional Operations and Contracts

Australia and New Zealand generated A$181.4 million in revenue and A$39.2 million in underlying EBITDA. Europe contributed A$113.7 million in revenue and A$24.7 million in underlying EBITDA, supported by special project activity and improved contract economics. North America recorded A$62.3 million in underlying EBITDA, while Asia contributed A$15.8 million.

Corporate Travel Management (ASX:CTD) disclosed A$669 million of new business wins and A$1.5 billion of retenders and renewals in FY26. These measures describe contracted customer activity rather than recognised revenue, which depends on travel actually booked and services delivered.

Customer Remediation and Financial Resources

Customer remediation remained a central operational priority. Approximately 78% of refunds had been agreed or were close to finalisation at the time of the FY26 results. Corporate Travel Management (ASX:CTD) also continued work on internal governance and control processes. The completion of remaining remediation and implementation of these improvements are separate from the improvement in headline earnings.

At 30 June 2026, the group held A$106.9 million in cash, including A$15.8 million of client cash. A committed A$175 million financing package was announced to support liquidity needs. These figures describe available resources but should not be conflated with unrestricted surplus cash.

Early FY27 Activity

For July 2026, the company reported about 1.6 million transactions, TTV of approximately A$830 million and revenue of A$53.3 million. Management identified seasonality, business mix and currency movements as factors affecting the period. Corporate Travel Management (ASX:CTD) did not provide numerical full-year FY27 earnings guidance with the results and indicated that further commentary would be provided at its annual general meeting.

Key Insights

Corporate Travel Management (ASX:CTD) entered FY27 with increased underlying profitability, significant contract activity and financing arrangements in place, but with customer remediation and control enhancements still progressing. Its operating results, contract delivery, liquidity and further governance disclosures provide distinct measures of the company’s position. The September 2026 reinstatement to ASX quotation also followed the release of outstanding financial reporting.