Cettire Limited posted FY2026 sales revenue of AUD 718.4 million, aligning with market expectations, as the Australian luxury fashion platform reported a 3% year-on-year decline. Gross revenue remained broadly stable at AUD 953.4 million, while adjusted EBITDA improved to AUD 17.1 million from a small loss in the prior year, reflecting a 2.4% EBITDA margin.
Excluding the U.S., Cettire’s sales grew 14% to AUD 420 million, with emerging markets contributing 44% of gross revenue, up from 37% a year earlier. Established markets, including the U.S., U.K., and Australia, contracted 13%. The average order value rose 10% to AUD 904, with repeat customers accounting for 68% of gross revenues and spending an average of AUD 994 per order, compared with AUD 759 for new customers. Customer acquisition cost stood at AUD 84, while the delivered margin per active customer reached AUD 179.
The company maintained a strong cash position, closing FY2026 with AUD 27.9 million in cash and zero financial debt. However, U.S. shipments remained fully subject to duties following de minimis rule changes, with estimated IEEPA tariff refunds of AUD 9 million expected, though less than AUD 1 million has been received to date. Refunds are anticipated to materialize in H1 FY2027.
Shares of Cettire rose 7.29% premarket to AUD 0.26, following a 52-week range of AUD 0.17 to AUD 0.96. The stock’s beta stands at 2.18, with a market capitalization of AUD 65.55 million. FY2027 trading has shown early strength, with year-to-date gross revenue growth of approximately 22% and adjusted EBITDA turning positive in July 2026. Reported growth is expected to trail constant-currency growth by 5 to 10 percentage points due to foreign exchange effects.
Management highlighted China as a long-term priority, with FY2027 expected to see the launch of a Tmall Global partnership. The company also noted ongoing efforts to expand its presence on JD.com. Cettire’s focus on profitability and operational agility was underscored by Dean Mintz, Founder and CEO, who stated that the U.S. market has stabilized and is no longer a drag on performance, while ex-U.S. growth remains robust.
