Skip to main content
Grafa
Transport and logistics
Corporate Travel posts $346.7M loss in FY25
Image for illustrative purposes only. Not a real photo.

Corporate Travel posts $346.7M loss in FY25

Share
  • Corporate Travel Management reported a full-year net loss after tax of $346.7 million for FY25.
  • The result was heavily impacted by $357.7 million in non-cash goodwill impairments.
  • Management launched its "CTM One" strategy and forecast underlying EBITDA to reach $113.6 million in FY26.

Corporate Travel Management (ASX:CTD) reported a full-year net loss after tax of $346.7 million for FY25 following an extensive internal accounting review.

The statutory loss contrasts with an underlying EBITDA of $83.6 million, while revenue held at $643.4 million.

Chairman Ewen Crouch AM said, "Significant enhancements to governance, controls, risk management and oversight have been implemented across the Group, while substantial progress has been made in resolving customer matters and establishing a clear pathway forward."

The company agreed to or finalised a customer refund programme of approximately $191 million, with another $55 million slated for remediation.

The business forecast FY26 underlying EBITDA to grow to $113.6 million as total transaction value reached $9.8 billion.

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

The business secured a $175 million committed funding package alongside $107 million in cash reserves to cover remediation obligations.

During July, transaction volumes increased to approximately 1.6 million compared with 1.5 million in the prior corresponding period, while TTV was approximately $830 million compared with $840 million.

To improve operating leverage, the group launched its "CTM One" operational framework to drive future earnings growth.

Frequently asked questions