Corporate Travel Management (CTM) reported its revenues had risen 6% year over year to AU$180.2 million ($117.4 million) during the first quarter of its fiscal year (which ended Sept. 30). The increase was led by strong growth in Europe, according to the report, where the TMC saw “significant … customer wins” and an increased share in government contracts.

CTM also said it is seeing “continued recovery” in North America and “stable customer activity” in Australia and New Zealand, while performance in Asia is affected by uncertainty around tariffs, especially in China. The company said EBITDA was up in all regions year over year.

The company remains in trading suspension on the Australian Securities Exchange because of an auditing issue but said its business operations remain unaffected. The business continues to operate as usual, said the report, with all operations, customer engagements and supplier commitments proceeding as normal.

CTM also reported it remains in a strong financial position, with $168 million in cash as of Sept. 30 with no drawn debt. It also reported a customer retention rate of 98%.