CTM FY25 slides: remediation advances as EBITDA set to rebound 36%

Corporate Travel Management (CTM) reported its FY25 results and forecast for FY26 on August 27, 2026, revealing a path to recovery after facing significant operational and accounting issues in its UK business. Despite these challenges, the company maintained strong client retention and presented a comprehensive remediation program, which is now substantially complete.

With 78% of refund liabilities settled or nearing finalization, and $175 million in new committed debt facilities secured, CTM is positioned for a 36% EBITDA recovery in FY26. Trading at $16.07, near its 52-week high, the market has seemingly priced in the remediation progress, though CTM remains suspended pending ASX relisting approval.