Daily Roundup

CTD.ASX EQR.ASX ICU.ASX MAT.ASX STG.ASX

Corporate Travel Management bounces back with strong FY26 turnaround

Corporate Travel Management Ltd is showing real signs of recovery after a bruising year. The travel management 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 that operational improvements are taking hold.

The company secured $669 million in new business wins and locked in $1.5 billion in re-tenders and renewals, suggesting customer confidence is returning. On the remediation front—a key issue that's been weighing on the business—approximately 78% of customer refunds have been agreed or are close to finalisation. With $106.9 million in cash on hand and a $175 million committed funding package backing them, CTM's liquidity position looks solid. Trading in the first month of FY27 has tracked broadly in line with management expectations, though the Board is keeping its focus on completing remediation, strengthening the balance sheet, and embedding governance improvements.

EQ Resources hits record revenue as production ramps up

Mining company EQ Resources Ltd is riding a wave of momentum with record revenue of A$55.1 million in August 2026. The driver? A 34% surge in consolidated production to 19,068 mtu, with the company realizing an average price of US$2,269 per mtu.

The Barruecopardo mine in Spain led the charge, with production climbing 32% to 12,719 mtu and generating A$35.2 million in revenue. Meanwhile, Australia's Mt Carbine operation hit its own revenue high of A$19.9 million, with production jumping 38% month-on-month to 6,349 mtu. This production ramp-up is clearly translating into serious financial firepower for the company.

Straker back on the board

Straker Limited's trading suspension has been lifted, effective from 2 September 2026. The language services company filed its Appendix 4E and financial statements for the period ended 31 March 2026, clearing the way for its reinstatement on the ASX.

Investor Centre struggles as Pulse Markets faces regulatory headwinds

Things are tougher at Investor Centre Ltd, which reported a 46.4% drop in revenue to just $83,590 for FY26. The loss after tax from ordinary activities came in at $724,416, though that's down 36.8% from the prior year. The core issue is the company's principal operating subsidiary, Pulse Markets, which had its Australian Financial Services Licence cancelled by ASIC on 11 February 2026. That regulatory blow has severely hampered the business's ability to conduct financial services and brokerage activities. The company is currently in talks with Lake Volta Investments Pty Ltd about potential funding, recapitalization, and restructuring to address its financial and regulatory challenges and potentially seek reinstatement on the ASX.

Matsa Resources shares remain in limbo

Matsa Resources Ltd's securities are staying suspended from quotation, with the suspension now extended to 2 September 2026. The company has been unable to release an update on the Devon Pit Gold Project and a funding proposal, leaving no immediate reinstatement in sight. The shares will remain frozen until MAT complies with ASX Listing Rules.