Corporate Travel Management (CTD) H2 2026 earnings summary

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.