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An announcement from Corporate Travel Management Limited ( (AU:CTD) ) is now available.
Corporate Travel Management reported unaudited first-half FY26 revenue and other income of AUD 348.5 million and underlying EBITDA of AUD 77.7 million, reflecting a 22.3% margin, while maintaining strong client retention around 97% and continued new business wins despite some moderation in December. Cash stood at AUD 121.2 million after working capital changes linked to revised IATA arrangements and one-off costs, with capex of AUD 19 million directed to technology and automation, and the company warning of potential softer trading in the second half as client decision-making slows.
The group’s forensic review of its UK operations is nearing completion, with finalisation expected in March 2026 and no similar material issues identified in other regions. CTM has begun remediating impacted UK customers, including AUD 15 million of payments made in December 2025, and is working toward completing the remediation plan, issuing its delayed FY25 audited and 1H26 reviewed financial statements, and securing reinstatement of trading in its shares on the ASX in the second quarter of 2026, all while maintaining uninterrupted service delivery.
The most recent analyst rating on (AU:CTD) stock is a Sell with a A$7.60 price target. To see the full list of analyst forecasts on Corporate Travel Management Limited stock, see the AU:CTD Stock Forecast page.
More about Corporate Travel Management Limited
Corporate Travel Management Limited is a global corporate travel services provider headquartered in Brisbane and listed on the ASX. The company operates across Australia, New Zealand, North America, Asia and Europe, focusing on managed travel solutions for business clients. Its offerings are underpinned by proprietary technology, automation and high-touch customer service, targeting retention and efficiency for corporate customers.
Technical Sentiment Signal: Buy
Current Market Cap: A$2.35B
For detailed information about CTD stock, go to TipRanks’ Stock Analysis page.