Corporate Travel Management corrects prior announcement, details Q1 FY26 results

Corporate Travel Management (CTM) today corrected previous reporting, clarifying two errors in the movements column for revenue and other income and underlying EBITDA in an ASX announcement released earlier today. The company remains in a trading suspension but assures business operations are unaffected by the ongoing review of FY23-FY25 financial statements and the FY25 audit.

For the first quarter of FY26 (ended September 30, 2025), CTM reported revenue and other income of $180.2 million, an increase of 6% ($9.9 million) from FY25 Q1. Underlying EBITDA for the quarter rose by 29% ($9.2 million) to $40.9 million, with the EBITDA margin improving by 4 percentage points to 23%. The company also highlighted its strong liquidity position, with a cash balance of $168.0 million and total available liquidity of $318.0 million, marking a 66% increase from the prior corresponding period.

Globally, EBITDA increased across all regions, with Europe showing the strongest growth, driven by customer wins in FY25 and cost efficiencies. CTM expects to provide a further update in November 2025 regarding its FY25 audit and will advise on FY26 guidance at that time.