Corporate Travel Management reports $17.7M profit in FY26

• Corporate Travel Management turned around its financial performance with a $17.7 million net profit for FY26.
• Underlying EBITDA increased 36% to $113.6 million while revenue rose 4% to $669.9 million.
• The company is focusing on customer remediation, securing $669 million in new business wins.

Corporate Travel Management (ASX:CTD) reported a net profit after tax of $17.7 million for FY26 as underlying earnings grew across its global operations.

The positive bottom-line result represents a $366.2 million turnaround compared to the $348.5 million net loss recorded in FY25.

"The strength of our customer franchise was evident throughout the year, with $669 million of new business wins and $1.5 billion of re-tenders and renewals secured across the group," said Corporate Travel Management Managing Director and CEO Ana Pedersen.

The company stated that approximately 78% of customer refund programme payments are agreed upon or close to finalisation, supported by $106.9 million in cash and a $175 million funding package.

Trading in the first month of FY27 was broadly in line with management expectations.

Following the announcement, the Corporate Travel Management share price was unchanged at $16.07.

The travel management provider secured $669 million in new business wins and $1.5 billion in re-tenders and renewals throughout the financial year.

Group transaction volumes climbed 13% to 18.3 million transactions, while total transaction value reached $9.8 billion across its operating regions.