Corporate Travel Management Updates on Financial Statements and UK Remediation
Key points
- FY25 and 1HFY26 financial statements expected to be lodged in August 2026
- Anticipated revenue restatement in ANZ region of $10-15 million
- Expected goodwill impairments in Europe, ANZ, and North America segments
Full summary
Corporate Travel Management Limited (ASX:CTD) provides an update on its progress in finalising its FY25 and 1HFY26 financial statements, ongoing UK customer remediation, and associated financing arrangements. The company expects to lodge its FY25 and 1HFY26 financial accounts in August 2026, with the delay due to interdependent tasks. CTM expects to recognise an FY24 restatement to reduce reported revenue in the ANZ region, estimated at $10-15 million. Additionally, CTM expects to impair goodwill in the Europe, ANZ, and North America segments due to various factors.
Guidance
Expected FY25 and 1HFY26 financial accounts lodgement in August 2026
Outlook
Corporate Travel Management is working through final stages of financial statements, UK remediation, and financing arrangements, aiming for a thorough and appropriate outcome.
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