CORPORATE TRAVEL MANAGEMENT LIMITED (CTD)

The suspension of trading in the securities of Corporate Travel Management Limited will be lifted from the commencement of trading on Thursday, 3 September 2026 following lodgement of its Preliminary Final Report for the year ended 30 June 2026.

The company releases its preliminary final report, financial and sustainability reports for 2026. CTM Reports FY26 results show strong underlying earnings growth with revenue increasing 4% to $669.9 million. Underlying EBITDA rose 36% to $113.6 million, and the group achieved a net profit after tax of $17.7 million, recovering from a prior loss of $348.5 million. New business wins totaled $669 million, with $1.5 billion in re-tenders and renewals. Customer remediation progressed, with 78% of refunds nearing finalization. Liquidity is supported by $106.9 million cash and a $175 million funding package.

The suspension continues due to the absence of further periodic reports. CTD has now lodged outstanding reports but has yet to submit the 2026 report.

The company releases the following: preliminary final report, fy25 and 1h26 results, FY25 and 1HY26 Results Presentation, annual report to shareholders, Sustainability/Climate Action Report, half year accounts, appendix 4G and corporate governance statement, and an updated appendix 3C.

The company is set to release FY25 and 1HY26 results on 27 August 2026. A webcast and teleconference will occur at 3:00 pm AEST. To participate, pre-register via the provided links and dial into the teleconference line to ask questions during the event.

The company is finalizing negotiations with key UK customers regarding contractual issues, with remediation funded through cash and debt. CTM secures a $65 million bank guarantee and new $175 million debt facilities from PEP Credit, replacing its previous $75 million facility. Estimated annual interest costs for FY27 and FY28 stand at around $20 million. Ahead of FY25 and 1H26 statements due by 28 August 2026, CTM expects a $29 million liability and an $89 million impairment in the ANZ segment.

The company has concluded negotiations with key UK customers, addressing an estimated liability of GBP 118 million. Binding offers from these customers total GBP 102 million, with refunds of GBP 87 million structured over time. CTM also identified a potential revenue reversal of GBP 10 million for 1HFY26, with binding offers for resolution at GBP 12 million. CTM is finalizing discussions with lenders for financing to support these obligations.

The company announced a five-year partnership with Amadeus, enhancing customer value and accelerating digital transformation. Amadeus becomes CTM's preferred GDS provider, offering extensive access to airlines, hotels, and rail services, improving operational efficiency and customer experience.

The company has secured a new contract with the UK Ministry of Defence to provide accommodation and services for the Afghan Resettlement Programme. As the exclusive provider since February 2025, the contract will last until the programme concludes. Revenue is volume-dependent, and CTM anticipates generating around £28 million in Total Transaction Value during the first six months of the contract, reinforcing its commitment to supporting the UK Government in this initiative.

The company releases its notice of cessation of securities.

The company lodges its notice of cessation of securities.

Securities of the company have been suspended for over three months. Each long-term suspended entity requires its name and ASX code, details of unlodged periodic reports under Listing Rule 17.5, the one-year deadline for the oldest outstanding report, and the two-year deadline to resume trading to ASX's satisfaction. Failure to meet these deadlines results in removal from the official list, typically effective from the first trading day after the deadline.

The company provides an update on its FY25 and 1HFY26 financial statements, UK customer remediation, and financing arrangements. The preparation of these financial statements is advanced but will be lodged in August 2026 due to interdependent remediation and audit processes. CTM anticipates an FY24 revenue restatement of $10-15 million in ANZ. Discussions on UK refund arrangements are underway. Additionally, CTM expects impairments of GBP 92 million in Europe, AUD 77 million in ANZ, and USD 49 million in North America.

The company reports progress on UK customer remediation and funding for refunds via cash reserves and lender engagement. Final agreements are being documented, with client retention above 97%. CTM aims to finalize FY25 and 1H26 financial statements by June 2026.

The company has updated its financial statements, revealing a potential revenue reversal of up to GBP 118 million for FY25 and prior years, an increase from GBP 77.6 million announced previously. This stems from a forensic review by KPMG UK, revealing overcharges to customers. Additionally, up to GBP 10 million may need reversal for 1HFY26, pending customer negotiations. Revenue issues are confined to CTM UK, with no regional impacts. CTM is focused on resolving customer matters and aims to release audited financials in Q2 2026.

Securities of companies suspended over three months will be removed from the official list if they fail to meet 1 or 2 year deadlines, effective from the next trading day after deadlines.

The company lodges its notice of cessation of securities.

The company reports minimal disruption in operations during FY25 audit review, completed 1H26 update on UK business remediation, maintaining customer engagement and supplier commitments.

Entities suspended for over three months face deadlines for lodging outstanding reports and resuming trading. Failure to meet one or two-year deadlines results in removal from the official list, effective the next trading day.

The company lodges its notice of cessation of securities.

The company has amended debt facilities with lenders, ensuring financial stability during FY25 financial statement finalization.

The company is finalizing its FY25 financial statements with KPMG and will provide an update in February 2026. Customer operations remain unaffected, and a financial security arrangement with IATA is in place.

S&P/ASX Indices changes effective December 22, 2025.

The company delayed financial statements release due to KPMG's forensic review following Deloitte's findings. Concerns include potential GBP 58.2 million revenue reversals. FY25 guidance withdrawn; ASX trading remains suspended. Cash totals AUD 148.3 million, no debt.

The company delayed financial statements release due to KPMG's forensic review following Deloitte's findings. Concerns include potential GBP 58.2 million revenue reversals. FY25 guidance withdrawn; ASX trading remains suspended. Cash totals AUD 148.3 million, no debt.

The company corrects revenue and EBITDA figures.

The company reports steady operations despite trading suspension and delayed FY25 financial statements.

The company lodges its notice regarding unquoted securities as well as its notice of cessation of securities.

The company's FY25 Financial Statements will not be finalized by the September 25, 2025 target due to extensive work by KPMG on FY23-25 statements and the FY25 audit. A further update is expected in November 2025.

The company's securities were suspended from quotation on 26 August 2025, pending an announcement about potential financial statement rectification. Since then, CTD has not lodged its Preliminary Final Report, causing ASX to suspend them until then.

The company lodges an update on its consolidated Fy25 Full Year Results.

The company's securities will be suspended from quotation under Listing Rule 17.2 pending an announcement, with suspension remaining until the end of the requested period or market announcement.

listed entity carried for record purposes only