Corporate Travel Management posts Q1 earnings lift as shares remain suspended

The news: Travel agency Corporate Travel Management has said business operations "remain unaffected" after the company voluntarily suspended trading on the ASX in August after failing to release its FY25 accounts.

The numbers: Corporate Travel released unaudited financial results for the first quarter of FY26 this morning, reporting a 6% year-on-year lift in revenue and other income to $180.2 million. Underlying earnings grew 29% to $40.9 million, while its earnings margin added 400 basis points to 23%.

The context: The company said business operations remain unaffected by its ongoing review of financial statements between FY23 and FY25, and its FY25 audit. It noted that all operations, customer engagements and supplier commitments are "proceeding as normal".

In August, the company's auditors said there "may be adjustments required relating to the timing of the recognition of certain revenues and costs between FY25 and prior comparative reporting periods".