Latest Corporate Travel Management News

Corporate Travel Management (ASX:CTD) has posted a $17.7 million net profit for FY26, reversing a prior $348.5 million loss, supported by UK client settlements, new debt facilities, and a governance uplift program.

Corporate Travel Management (ASX:CTD) posted a $17.7 million profit for FY26, reversing a $348.5 million loss the previous year, driven by stronger earnings in ANZ and Europe and progress on UK customer settlements.

Corporate Travel Management has arranged a $175 million debt facility with Pacific Equity Partners Credit, replacing its $75 million corporate facility to support UK client remediation and ongoing operations ahead of FY25 and 1H26 financial statements.

Hearts and Minds Investments Limited (HM1) saw its profit after tax drop 57% to $46.4 million for FY26, amid a portfolio return slowdown to 5.2%. The company declared a 10-cent fully franked final dividend and maintained its $11.4 million commitment to Australian medical research.

Corporate Travel Management has reached binding agreements with UK customers covering 86% of its estimated GBP 118 million remediation liability, paving the way for finalising FY25 audited accounts and share reinstatement.

ECP Emerging Growth Limited reported a sharp 20.4% portfolio decline in FY2026 amid sector-wide challenges, yet declared a fully franked final dividend of 3.15 cents per share, supported by realised gains and reserves.

Corporate Travel Management (ASX:CTD) has locked in a five-year global partnership with Amadeus IT Group, aiming to accelerate its digital transformation and operational efficiency across multiple regions.

Corporate Travel Management (ASX:CTD) has extended its exclusive contract with the UK Ministry of Defence to provide accommodation services for the Afghan Resettlement Programme, with expected transaction values reaching £28 million in the first six months.

Flagship Investments Limited reported a sharp 24.1% portfolio decline for the year ended 30 June 2026, underperforming the ASX All Ordinaries Index by 21.7 percentage points. Despite this, the company declared a fully franked final dividend of 5.3 cents per share, supported by retained earnings.

Corporate Travel Management (ASX:CTD) has appointed Ana Pedersen as its permanent Managing Director and Group CEO, cementing leadership stability after a challenging period. Pedersen’s extensive industry experience and prior acting CEO tenure position her to steer CTM’s recovery and future growth.

The ASX has published its latest list of entities suspended from trading for over three months, detailing looming deadlines for overdue financial reports and plans to resume trading. Non-compliance risks removal from the official list.

Corporate Travel Management (ASX:CTD) has pushed back its FY25 and 1HFY26 financial statements to August 2026 due to intertwined UK customer remediation, financing negotiations, and audit complexities, while signalling significant goodwill impairments across multiple regions.