Cettire Limited reported a sharp improvement in profitability for the fiscal year ended June 30, 2026, as the global luxury goods market showed signs of stabilization following a 2% decline in 2025. Adjusted EBITDA rose to 17.1 million Australian dollars from just 0.3 million AUD in FY25, driven by lower customer acquisition costs and reduced brand investments.
Gross revenue remained essentially flat at 953.4 million AUD in FY26, compared with 975.3 million AUD in the prior year, while sales revenue declined 3% to 718.4 million AUD. The company’s EBITDA margin expanded to 2.4% of sales, up from 0.1% in FY25, as paid acquisition expenses fell to 4.6% of sales from 7.1% a year earlier. Statutory net profit after tax remained negative at 8.5 million AUD, though adjusted to a positive 3.0 million AUD after non-cash and non-recurring items.
Customer metrics reflected a shift toward higher-value spending. The average order value increased 10% to 904 AUD, with repeat customers spending 994 AUD per order compared with 887 AUD for new customers. Gross revenue per active customer reached 1,575 AUD in June 2026, up from 1,485 AUD a year earlier. The company’s active customer base declined to 605,000 from 657,000 in FY25, though customer acquisition costs fell to 84 AUD from 119 AUD.
Geographic performance diverged, with emerging markets now accounting for 44% of gross revenue, up from 37% in FY25, driven by 17% year-over-year growth. Established markets, including the U.S. and Australia, declined 13% in aggregate. The company’s product database expanded to 360,000 published items, with total accessible inventory exceeding 500,000 products across more than 2,500 brands.
Cettire’s cash position stood at 28 million AUD at the end of FY26, down from 37 million AUD a year earlier, with zero financial debt. The company expects to recover approximately 9 million AUD in tariff refunds in FY27. Early FY27 trading showed a 22% year-to-date increase in gross revenue through August 24, 2026, and the company projected further gains as it prepares to launch a TMall Global partnership in China during the first quarter of FY27.
The company’s stock rose 4.17% to 0.25 AUD following the results announcement, though it remains well below its 52-week high of 0.96 AUD.
