Corporate Travel Management Limited (ASX:CTD) announced on 10 August 2026 that it has been awarded a further material contract by the UK Ministry of Defence (MoD). Corporate Travel Management Limited is a global provider of innovative and cost-effective travel management solutions for businesses. The company specialises in managing corporate travel programs for a diverse range of clients, from small enterprises to multinational corporations. This new agreement secures CTM’s continued role in supporting the MoD’s ongoing Afghan Resettlement Programme, specifically ensuring the provision of accommodation and associated services.
The ASX-listed company has maintained its position as the exclusive provider of these particular services since February 2025, demonstrating its established expertise and reliability in managing complex logistical requirements. The recently awarded contract is slated to remain in effect until the full conclusion of the Afghan Resettlement Programme. CTM clarified that the revenue derived under this contract is directly tied to the volume of services provided, meaning it is volume-dependent rather than a fixed sum, aligning with the operational dynamics of the programme.
Based on current operational forecasts, Corporate Travel Management Limited anticipates generating an approximate £28 million in Total Transaction Value (TTV) during the initial six-month period of the contract. The company conveyed its satisfaction and commitment to continuing its support for the UK Government and this important humanitarian programme. The announcement, which confirms a significant extension of CTM’s engagement with a key governmental client, was duly authorised for release by Shelley Sorrenson, Company Secretary.
