kabarsula BREAKING: CTM shares down 82% as it returns to the ASX bandar SLOT INDONESIA

Corporate Travel Management (CTM) has returned to the Australian Stock Exchange (ASX) following its FY26 results and the all clear from the  government on an audit into its Australian operations. 

Shares were down more than 80 per cent this morning, nosediving from just over $16 to $3.29. According to The Australian, CTM founder Jamie Pherous saw the value of his shares drop from nearly $270 million to $43 million following the drop.

CTM had its shares suspended from the ASX in August last year following accounting issues found in its government UK accounts. Trading has resumed today after more than a year following a week of positive news from CTM.

On Monday it was revealed that CTM had been cleared of systemic overcharging in Australia, with an independent audit finding no major concerns despite the company facing a major overcharging scandal in the UK.

In the UK, the company was found to have potentially overcharged customers by about $222 million across the 2023-24 and 2024-25 financial years. However, the review found a key difference between CTM’s Australian and UK operating models that provides greater visibility over transactions in Australia.

Yesterday CTM also reported a $17.7 million profit for FY26, after announcing a loss of $348.5 million for FY2025.  Following the results it announced on the ASX that shares will begin trading as of this morning.