Daily Roundup

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Corporate Travel Management bounces back with strong FY26 turnaround

Corporate Travel Management Ltd is showing real signs of recovery after a turbulent year. The company reported a 4% revenue increase to $669.9 million for FY26, but the real story is the dramatic swing in profitability. After posting a $348.5 million loss in FY25, the company returned to the black with a net profit after tax of $17.7 million. Even more impressive, underlying EBITDA jumped 36% to $113.6 million, signaling genuine operational improvement.

The turnaround reflects solid business momentum, with the company securing $669 million in new business wins and locking in $1.5 billion through re-tenders and renewals. Customer remediation—a key issue from the past—is progressing well, with approximately 78% of refunds either agreed or close to completion. The company is also in a stronger financial position, holding $106.9 million in cash and backed by a $175 million committed funding package. While no dividend was declared for FY26, management's priorities are clear: finish remediation activities, strengthen the balance sheet, and keep improving operations across the board. Trading in the first month of FY27 has been broadly in line with expectations.

EQ Resources hits production milestones with record revenue

Over at EQ Resources Ltd, things are firing on all cylinders. The company reported record revenue of A$55.1 million in August 2026, driven by a remarkable 34% surge in consolidated production to 19,068 mtu (metric tonnes of uranium). The average realized price came in at US$2,269 per mtu, reflecting strong market conditions.

The production ramp-up is happening across the board. Spain's Barruecopardo mine saw output climb 32% to 12,719 mtu, generating A$35.2 million in revenue. Meanwhile, Australia's Mt Carbine operation hit a new revenue high of A$19.9 million, with production jumping 38% month-on-month to 6,349 mtu. This kind of momentum suggests the company's expansion efforts are paying off.

Investor Centre struggles amid regulatory headwinds

Investor Centre Ltd is facing a tougher environment. The company reported a 46.4% drop in revenue from ordinary activities to just $83,590 for FY26, though the loss after tax did narrow by 36.8% to $724,416. The real problem is its principal operating subsidiary, Pulse Markets, which had its Australian Financial Services Licence cancelled by ASIC on 11 February 2026. That cancellation effectively crippled the company's ability to conduct financial services and brokerage activities. The company is now in discussions with Lake Volta Investments Pty Ltd about potential restructuring and funding to address financial and regulatory requirements, with hopes of eventually getting back on the ASX.

Trading updates: Mixed signals on the ASX

On the listing front, there's movement in both directions. Straker Ltd's trading suspension has been lifted, effective from 2 September 2026, following the lodgement of its financial statements for the period ended 31 March 2026. The company can now resume normal trading.

Matsa Resources Ltd, however, remains in suspension limbo. The company's shares stay suspended as it works on releasing an update regarding the Devon Pit Gold Project and a funding proposal. The suspension, initially set to end on 31 August, has been extended, and no immediate reinstatement is expected until the company complies with ASX Listing Rules.