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Edge11 Sep 2026
Texas Pacific Land Corporation: Keeper of the Permian Basin
Land once granted to a failed 19th-century railroad now generates royalties for Texas Pacific Land Corporation across the Permian Basin.
Corporate Travel Management
Corporate Travel Management (CTD) investor relations material
Corporate Travel Management H2 2026 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.H2 2026 earnings summary1 Sep, 2026
Executive summary
Revenue and other income rose 4% year-over-year to $669.9 million, with underlying EBITDA up 36% to $113.6 million.
Net profit after tax reached $17.7 million, reversing a prior year loss of $348.5 million.
$669 million in new business wins and $1.5 billion in re-tenders and renewals were secured.
Customer remediation advanced, with 78% of refunds agreed or near finalisation.
Governance and control enhancements continued to be embedded across the group.
Financial highlights
Total transaction value (TTV) increased 2% to $9.8 billion year-over-year.
Transaction volumes rose 13% to 18.3 million.
Cash at year-end was $106.9 million, including $15.8 million in client cash.
Secured a $175 million committed funding package to support liquidity.
Outlook and guidance
Trading in the first month of FY27 was broadly in line with management expectations.
July 2026 transaction volumes and revenue reflected seasonal patterns and FX impacts.
$178 million in new business wins secured year-to-date in FY27.
Further guidance to be provided at the AGM in November 2026.
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Latest events from Corporate Travel Management
- FY25 saw resilient EBITDA and strong liquidity despite major UK-related impairments and settlements.CTD
H2 2025 & H1 2026 - 1H26 revenue reached AUD 348.5 million, with strong client retention and ongoing UK remediation.CTDQ2 2026 TU
- EBITDA surged 29% year-over-year, led by Europe, with strong liquidity and no drawn debt.CTDQ1 2026 TU
- Strong FY24 growth in NA and ANZ, tech investment, and new leadership support EPS doubling goal.CTDAGM 2024
- Strong 2H recovery and tech-driven margin gains set up robust FY25 growth.CTDH2 2024
- FY25 revenue and EBITDA guidance lowered, but new client wins and cashflow remain robust.CTDGuidance
- Net profit fell 42% but ANZ and North America delivered strong growth, supporting FY26 targets.CTDH1 2025
Corporate Travel Management
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