Key points
- Revenue increased by 6% to $342.9 million
- Profit before tax rose 30% to $23.3 million
- No interim dividend declared
- Net tangible assets per ordinary security decreased to $(29) from $(18)
- Significant operational and accounting issues in UK subsidiaries
Full summary
Corporate Travel Management Ltd (CTM) has released its half-year financial report for the period ending 31 December 2025. The company reported a 6% increase in revenue to $342.9 million, up from $323.6 million in the previous corresponding period. Profit before tax rose significantly by 30% to $23.3 million. The company's net profit after tax attributable to members was $13.3 million, a slight increase from $13.1 million. CTM did not declare an interim dividend. The company's net tangible assets per ordinary security decreased to $(29) from $(18). The report also highlighted significant operational and accounting issues in the Group's UK subsidiaries, which impacted the financial results. CTM's strategic priorities include restoring credibility, strengthening governance, enhancing cash flow management, and delivering profitable growth.
Guidance
Revenue: $342.9 million (half-year 2025), Profit before tax: $23.3 million (half-year 2025)
Outlook
CTM is committed to transitioning to a refreshed corporate structure and addressing issues in its UK subsidiaries. The company is focused on restoring credibility, strengthening governance, and delivering profitable growth.