Corporate Travel Management

1HFY26 (Unaudited) Trading Update

Corporate Travel Management reported 1HFY26 revenue of $348.5M with underlying EBITDA of $77.7M (22.3% margin) amid ongoing UK remediation issues. The company paid $15M to impacted UK customers in December and expects some softness in 2HFY26 due to prolonged uncertainty affecting client decision-making. Strong client retention above 97% continues across all regions despite the challenging environment. Key points: Strong client retention at or above benchmark levels of 97% across all regions; Underlying EBITDA margin of 22.3% demonstrates operational resilience; Continued strong new business wins and customer service delivery without disruption