• Global revenue increased 6% and EBITDA increased 29% vs prior period
• Liquidity remains strong with $168m cash and no drawn debt
• Customer wins of $1.72bn in FY25, 98% retention, and $0.43bn in 1QFY26

Corporate Travel Management (ASX:CTD) has provided an investor update for the first quarter of FY26 based on unaudited consolidated management accounts. The company remains in trading suspension with a further announcement to be provided during November. Despite the delay in the release of its FY25 audited financial statements, the company advises that business operations remain unaffected by the review of FY23-FY25 financial statements and the FY25 audit. The business continues to operate as usual, with all operations, customer engagements and supplier commitments proceeding as normal. For the first quarter of FY26, the company reported a 6% increase in revenue and a 29% increase in EBITDA compared to the prior corresponding period. This was primarily driven by customer wins in FY25 and ongoing cost efficiency improvements. The company remains in a strong financial position with $168m in cash and no drawn debt as of 30 September 2025. Customer wins totaled $1.72bn in FY25 with a 98% retention rate, and $0.43bn in 1QFY26 against a full-year forecast of $1.1bn. The company's regional performance was mixed, with North America and Europe seeing continued recovery and growth, while Asia remained impacted by ongoing tariff uncertainty.