Key points
- Awarded new UK MoD contract for Afghan Resettlement Programme
- Expected to generate £28 million in TTV in first six months
- CTM has been exclusive provider since February 2025
Full summary
Corporate Travel Management Limited (ASX:CTD) has been awarded a new contract by the UK Ministry of Defence (MoD) to support the ongoing Afghan Resettlement Programme. This contract is expected to continue until the programme concludes. CTM has been the exclusive provider of these services since February 2025. Based on current forecasts, CTM expects to generate approximately £28 million in Total Transaction Value (TTV) during the first six months of the contract. The revenue under the contract is volume-dependent and not fixed. CTM is pleased to continue supporting the UK Government and this important programme.
Guidance
Expected to generate approximately £28 million in TTV in first six months
Outlook
The contract is expected to continue until the Afghan Resettlement Programme concludes, with revenue being volume-dependent.