Corporate Travel Management (ASX:CTD) has issued a crucial trading update for the first half of the 2026 financial year, signalling a clearer path toward stability following a period of regulatory and financial scrutiny.
The Brisbane-based company reported that despite ongoing delays in the release of its FY25 audited financial statements, business operations have continued with minimal disruption.
Management confirmed that customer engagements and supplier commitments remain on track as the firm works to resolve accounting issues within its UK business arm.
A forensic accounting review of the CTM UK group is nearing completion, with finalisation expected in March.
The review has allowed the company to establish a formal remediation plan for impacted UK customers.
CTM disclosed that it has already disbursed $15 million in payments to key affected clients as of December 2025.
While the timing of further payments remains subject to the finalisation of the remediation plan, the company has engaged in direct, in-person discussions between its executive team and the impacted parties to facilitate a resolution.
A parallel internal review found no material issues of a similar nature across CTM’s other global regions.
Looking ahead, CTM is targeting the issuance of its audited FY25 and reviewed H1 FY26 financial statements by Q2 of the 2026 calendar year.