Key Highlights

  • CTD (ASX:CTD): FY26 Revenue and other income increased 4% to A$669.9 million. On 29 October 2026, CTD shares were priced at A$3.45, and fell 3.36%.
  • Underlying EBITDA rose 36% to A$113.6 million.
  • The company reported A$669 million in new Business wins and A$1.5 billion in renewals and re-tenders.

Corporate Travel Management provides travel booking, management and related services to business and government clients across several international markets. Its FY26 revenue and other income reached A$669.9 million, compared with A$643.4 million in FY25, while underlying EBITDA increased to A$113.6 million. Transaction volumes advanced 13% to 18.3 million, and the group reported net profit after tax of A$17.7 million after a loss in FY25. 36% decline. Alongside its regional operations, the company has been addressing historical customer matters and implementing governance and financial-control changes. The share price for CTD (ASX:CTD) was AUD 3.45 on 29 October 2026, representing a 3.36% daily decrease. The following sections cover FY26 transaction activity, regional earnings, contract wins, customer remediation and financing.

FY26 Financial and Transaction Results

Corporate Travel Management reported revenue and other income of A$669.9 million for FY26, compared with A$643.4 million in FY25. Underlying EBITDA reached A$113.6 million, up 36% from A$83.6 million. Net profit after tax was A$17.7 million, against a A$348.5 million loss in the preceding year. Total transaction value increased 2% to A$9.8 billion, and transaction counts rose 13% to 18.3 million. The company reported new business wins of A$669 million and re-tenders and renewals amounting to A$1.5 billion during the year.

Regional Trading and Customer Matters

Australia and New Zealand revenue increased 6% to A$181.4 million, with underlying EBITDA rising 53% to A$39.2 million. Europe revenue rose 34% to A$113.7 million, and underlying EBITDA reached A$24.7 million, compared with a A$1.2 million loss in FY25. North America recorded underlying EBITDA of A$62.3 million, and Asia delivered A$15.8 million. The company said approximately 78% of customer refunds had been agreed or were close to finalisation. It reported A$106.9 million in cash at year-end, including A$15.8 million in client cash, as well as a subsequent A$175 million committed funding package.

Current Trading and Governance

For July 2026, CTM recorded approximately 1.6 million transactions, compared with 1.5 million in July 2025. Total transaction value was approximately A$830 million, against A$840 million in the prior corresponding month, while revenue was approximately A$53.3 million versus A$58.3 million. FY27 new business wins reached A$178 million on a transaction-value basis. The group also outlined governance, risk and control enhancements and the renewal of its UK Ministry of Defence contract.

Regional Revenue and Earnings Detail

The regional results provide further detail alongside consolidated performance. Australia and New Zealand generated A$181.4 million in revenue and A$39.2 million in underlying EBITDA, increases of 6% and 53% respectively. European revenue grew 34% to A$113.7 million and underlying EBITDA reached A$24.7 million, compared with a A$1.2 million loss a year earlier. North America recorded A$62.3 million in underlying EBITDA and Asia recorded A$15.8 million. The group attributed the European result partly to special-project activity, contract Economics and operating leverage. Group transaction counts reached 18.3 million, compared with 16.2 million.

Refund Process and Liquidity

Corporate Travel Management reported that approximately 78% of customer refunds relating to historical matters were agreed or close to finalisation. Its governance uplift programme addressed financial controls, risk management and operational oversight. Cash of A$106.9 million at 30 June 2026 included A$15.8 million in client cash. A separate A$175 million committed funding package was arranged to support operations and remediation work. These funding amounts are distinct from the A$9.8 billion in total transaction value, a measure of travel bookings rather than group revenue.

Latest Trading and Contract Updates

In July 2026, the group recorded approximately 1.6 million transactions, compared with 1.5 million a year earlier. Total transaction value was approximately A$830 million versus A$840 million, while revenue was around A$53.3 million versus A$58.3 million. New FY27 business wins totalled A$178 million by transaction value at that point. The UK Ministry of Defence Afghan Resettlement Programme contract was renewed, with an indicative GBP 28 million of transaction value projected for its first six months under the forecasts then in place.

Australia and New Zealand produced FY26 revenue of A$181.4 million, up 6%, and underlying EBITDA of A$39.2 million, up 53%. European revenue increased 34% to A$113.7 million, with underlying EBITDA of A$24.7 million against a loss of A$1.2 million in FY25. Management reported that about 78% of customer refunds had been agreed or were near finalisation and identified a A$175 million committed funding package. Its July 2026 trading update recorded approximately 1.6 million transactions and A$53.3 million of revenue. The company distinguished ongoing remediation from its recurring customer and travel operations.

Key Insights

For CTD (ASX:CTD), Revenue, transaction activity and underlying EBITDA increased in FY26. Contract wins, regional performance, customer remediation and the funding position remain distinct components of the company’s operating record.