Corporate Travel Management's global revenue grew 6 percent year over year to A$180.2 million (US$117.4 million) during the first quarter of its fiscal year as it remains in a trading suspension, according to an unaudited investor update released by the company on Friday.
The revenue increase in the quarter, which ended Sept. 30, was boosted by strong growth in Europe, where the travel management company had "significant … customer wins" in the 2025 fiscal year as well as an increased share in government panel contracts. CTM said it is seeing "continued recovery" in North America and "stable customer activity" in Australia and New Zealand, while performance in Asia is affected by uncertainty around tariffs, especially in China.
The company said EBITDA was up in all regions year over year.
CTM voluntarily ceased trading of its securities on the Australian Securities Exchange in August, prior to the release of its 2025 fiscal-year results, as it is addressing an auditing issue with its financial reporting. The TMC said its "business continues to operate as usual" amid the audit and said it will announce its full results for the 2025 fiscal year in November.