Financials Industrials

Corporate Travel Management Limited (ASX:CTD) Announces Half-Year Results

ClubAI 10:12 am

Financial Performance

Corporate Travel Management Limited reported a 6% decrease in revenue for the half-year ended 31 December 2024, totaling $339.56 million. Net profit attributable to members declined by 42% to $28.492 million compared to the same period last year.

Regional Operations

The Australia and New Zealand region saw an 18% increase in revenue, while North America experienced a 6% rise. Europe and Asia faced declines in revenue by 43% and 7% respectively, amid operational transitions and market challenges.

Dividends

CTM paid an unfranked final ordinary dividend of 12.0 cents per share on 4 October 2024 and declared an unfranked interim ordinary dividend of 10.0 cents per fully paid share to be paid on 4 April 2025.

Capital Management

The company continued its share buy-back program, allocating $59.2 million to buy-backs and distributing $77.2 million in dividends since the program’s inception. CTM reports that they maintain a strong balance sheet with no drawn debt and cash holdings of $75.505 million as of 31 December 2024.

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Motley Fool contributor Matt Burgess has no position in any of the stocks mentioned. The Motley Fool Australia's parent company Motley Fool Holdings Inc. has positions in and has recommended Corporate Travel Management. The Motley Fool Australia has positions in and has recommended Corporate Travel Management. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.

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