Corporate Travel Management Limited (ASX:CTD): FY26 Profit Returns as Customer Remediation Continues

Aditi Sarkar

14 October 2026 03:50 PM AEDT

Corporate Travel Management Limited (ASX:CTD): FY26 Profit Returns as Customer Remediation Continues

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Highlights

FY26 revenue and other income reached A$669.9 million, an increase of 4%.
Underlying EBITDA rose 36% to A$113.6 million, while statutory net profit was A$17.7 million.
Transaction volumes increased 13% to 18.3 million, with total transaction value of A$9.8 billion.
Approximately 78% of customer refunds were agreed or close to finalisation at the results announcement.
ASX quotation resumed on 3 September 2026 after the company lodged its FY26 preliminary final report.

Corporate Travel Management Limited (ASX:CTD) provides travel management services to corporate and government customers, arranging business travel and related services across Australia and New Zealand, Europe, North America and Asia. Its FY26 results combined higher transaction activity and a return to statutory profit with ongoing remediation of historical customer billing matters and changes to financial controls.

FY26 Earnings and Transaction Activity

For the financial year ended 30 June 2026, Corporate Travel Management Limited (ASX:CTD) reported revenue and other income of A$669.9 million, compared with A$643.4 million in FY25. Underlying EBITDA was A$113.6 million, compared with A$83.6 million, while statutory net profit after tax reached A$17.7 million against an FY25 loss of A$348.5 million. The earlier loss included substantial non-cash impairments, making the year-on-year statutory comparison different from the underlying earnings movement.

Travel transaction volumes for Corporate Travel Management Limited (ASX:CTD) increased to 18.3 million from 16.2 million. Total transaction value reached A$9.8 billion, versus A$9.6 billion in FY25. The company also reported A$669 million in new business wins and A$1.5 billion of contracts re-tendered or renewed during FY26, highlighting the scale of customer contract activity.

Regional Performance and Customer Contracts

Australia and New Zealand generated A$181.4 million in revenue, up 6%, and underlying EBITDA of A$39.2 million, up 53%. Europe contributed A$113.7 million of revenue, up 34%, and underlying EBITDA of A$24.7 million, compared with a loss of A$1.2 million in FY25. The company attributed the European result partly to special project activity, improved contract economics and operating leverage.

Corporate Travel Management Limited (ASX:CTD) operates through customer contracts whose service terms, transaction processing and billing arrangements shape reported revenue. FY26 disclosures emphasised improved governance, contract controls and financial reporting processes as the group continued addressing the billing issues identified in its UK operations.

Remediation, Funding and ASX Reinstatement

At the FY26 results announcement, Corporate Travel Management Limited (ASX:CTD) said approximately 78% of customer refunds were agreed or close to finalisation. The group reported A$106.9 million in cash at 30 June 2026, including A$15.8 million of client cash, alongside a committed A$175 million funding package intended to support liquidity and remediation arrangements.

ASX lifted the suspension of Corporate Travel Management Limited (ASX:CTD) from the commencement of trading on 3 September 2026, following lodgement of its FY26 preliminary final report. The reinstatement restored quotation, but does not itself resolve outstanding customer matters or remove the need to demonstrate effective internal controls. The company also indicated that trading in the first month of FY27 was broadly in line with management expectations.

Key Insights

Corporate Travel Management Limited (ASX:CTD) entered FY27 with higher reported transaction volumes, positive statutory earnings and a substantial programme of customer remediation still being completed. FY26 regional performance showed differing earnings drivers, including special project work in Europe. Subsequent disclosures on repayments, financial controls, liquidity and contract execution will provide further information about how the business operates following its quotation reinstatement.

FAQs

Q: What does Corporate Travel Management Limited do?

A:It manages business travel and related services for corporate and government clients across four geographic regions.

Q: What was the company’s FY26 statutory profit?

A:Corporate Travel Management reported net profit after tax of A$17.7 million for FY26.

Q: How much was FY26 underlying EBITDA?

A:Underlying EBITDA was A$113.6 million, compared with A$83.6 million in FY25.

Q: When did ASX trading resume?

A:ASX reinstated quotation from 3 September 2026 after the FY26 preliminary final report was lodged.

Q: What remained unresolved at the FY26 announcement?

A:The company continued finalising customer refund arrangements and implementing governance and financial control improvements.

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