# Corporate Travel Management financial recovery > Live situation record from CLSTR: https://clstr.news/situations/corporate-travel-management-financial-recovery > Updated: 2026-09-02T02:39:09.000Z. Sources: 5. Developments: 2. Corporate Travel Management (CTM) has reported a return to profitability for fiscal year 2026, posting a net profit after tax of $17.7 million. This represents a significant recovery from a $348.5 million loss in the previous fiscal year. The company’s underlying EBITDA rose 36% to $113.6 million. This financial turnaround follows a period of instability characterized by a suspension of its ASX securities and a scandal involving $272 million in customer overcharging, which notably involved the British government. To address these issues, CTM implemented governance overhauls, secured an agreement with the UK government for a lower repayment amount, and obtained $175 million in funding from Pacific Equity Partners to support its remediation program. Despite the improved earnings and a 97% customer retention rate, the company’s re-listing on the ASX saw a substantial share price decline, with shares trading at approximately $2.90—an 80.5% decrease from the pre-suspension price of $16.07. CEO Ana Pedersen indicated that efforts continue regarding board refreshing and governance reviews. ## Timeline ### 2026-09-02: Corporate Travel Management returns to profit after scandal Corporate Travel Management has returned to profit in FY26 with a $17.7 million net profit, following a major overcharging scandal and a period of ASX suspension. 3 sources. https://clstr.news/cluster/corporate-travel-management-returns-to-profit-after-scandal ### 2026-09-01: Vanguard launches new UK ETFs as Corporate Travel Management returns to profit Vanguard launched three new low-fee UK ETFs, including a global all-cap fund. Meanwhile, Corporate Travel Management reported a return to profit for FY26 with a $17.7 million net profit. 2 sources. https://clstr.news/cluster/vanguard-launches-new-uk-etfs-as-droneshield-sees-august-volatility --- Cite as: Corporate Travel Management financial recovery. CLSTR, https://clstr.news/situations/corporate-travel-management-financial-recovery