Key points
- Revenue increased 4% to $669.9 million
- Underlying EBITDA up 36% to $113.6 million
- NPAT of $17.7 million after a previous loss of $348.5 million
Full summary
Corporate Travel Management Ltd announced its FY26 results, showing a 4% increase in revenue to $669.9 million and a significant 36% rise in underlying EBITDA to $113.6 million, resulting in a net profit after tax (NPAT) of $17.7 million compared to a loss of $348.5 million in FY25. The company secured $669 million in new business wins and $1.5 billion in re-tenders and renewals. Customer remediation advanced with approximately 78% of refunds agreed or close to finalisation. The Group's liquidity was supported by $106.9 million in cash and a $175 million committed funding package. Trading in the first month of FY27 was broadly in line with management expectations.
Guidance
Revenue and other income increased 4% to $669.9 million; Underlying EBITDA increased 36% to $113.6 million; NPAT of $17.7 million
Outlook
The Board's priorities remain completing remediation activities, strengthening the balance sheet, embedding governance and control enhancements and continuing to improve operating performance across the Group.