Corporate Travel stock reports 36 percent EBITDA growth

Published on 10/04/2026 at 12:47 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Corporate Travel stock was AUD 2.41 on October 2, 2026, after its FY2026 return to profitability. Underlying EBITDA reached AUD 113.6 million, up 36 percent.

Corporate Travel, AU000000CTD3, Illustration mit AI erstellt.

Corporate Travel (ISIN AU000000CTD3) was trading at AUD 2.41 on the ASX on October 2, 2026, up 4.78 percent from the prior close of AUD 2.30. The latest catalyst is the companys FY2026 financial reset, which restored statutory profitability after the accounting crisis that kept the shares suspended.

FY2026 earnings show a reset

Travel and Tour World reported that revenue and other income rose 4 percent to AUD 669.9 million in fiscal year 2026, while underlying EBITDA increased 36 percent to AUD 113.6 million from AUD 83.6 million. Statutory net profit after tax reached AUD 17.7 million, compared with a statutory loss of AUD 348.5 million in fiscal year 2025.

The operating recovery was also visible in activity: transaction volumes rose 13 percent to 18.3 million, while total transaction value reached AUD 9.8 billion in fiscal year 2026. The comparison matters because the earnings improvement was not limited to cost control; the company also handled more travel transactions across its operating regions.

Remediation remains the central risk

Customer refunds remain a major financial obligation. The Motley Fool Australia reported that Corporate Travel plans refunds of AUD 246 million by September 30, 2027, supported by a new AUD 175 million debt facility. The same report said further fiscal year 2027 guidance would be provided at the annual general meeting.

That liability sets the key test for the turnaround. FY2026 underlying EBITDA improved by AUD 30.0 million year over year, but the refund schedule can absorb cash while management works to rebuild confidence after the restatements.

Analysts see a wide valuation spread

Investing.com showed a Neutral consensus based on six analysts, with one Buy, five Holds and zero Sells. The average 12-month target was AUD 5.40, with a high of AUD 16.70 and a low of AUD 2.35; the average target lies 124.1 percent above the October 2 reference price.

MarketScreener reported on September 7, 2026, that Morgan Stanley resumed coverage with an Equal-weight rating and an AUD 2.60 target, down from AUD 11.80 before the suspension. The split between a AUD 2.35 low target and AUD 16.70 high target captures the execution risk investors are pricing.

Corporate Travel stock stays volatile

Corporate Travel stock traded between AUD 2.26 and AUD 2.42 on October 2, 2026, with volume of 835,033 shares. Its market capitalization was AUD 352.6 million, while the 52-week range was AUD 1.97 to AUD 16.07.