Luxury goods platform Cettire Ltd. posted a AUD 17.1 million adjusted EBITDA for the fiscal year ended June 30, 2026, marking a AUD 16.7 million improvement from FY25, according to FY26 investor materials released Wednesday.
Total sales revenue declined 3% year-over-year to AUD 718.4 million, while gross revenue remained broadly flat at AUD 953.4 million. Adjusted net profit after tax reached AUD 3.0 million, compared with a statutory loss of AUD 8.5 million in the prior year. The adjusted EBITDA margin expanded to 2.4% of sales revenue from essentially breakeven in FY25.
Emerging markets accounted for 44% of gross revenue, up from 37% in FY25, as sales in these regions grew 17% year-over-year. In contrast, established markets including the United States, United Kingdom and Australia contracted 13% over the same period. Ex-US sales revenue rose 14% to AUD 420 million.
Cettire’s active customer base declined to 605,000 from 657,000 in FY25, though average order value increased 10% to AUD 904. Repeat customers represented 68% of gross revenue, unchanged from FY25, with repeat customer AOV reaching AUD 994. Customer acquisition cost fell 29% to AUD 84, while paid acquisition expenses dropped to 4.6% of sales revenue from 7.1%.
The company ended FY26 with AUD 27.9 million in cash and no financial debt, down from AUD 37.1 million at FY25 close. Operating cash flow generated AUD 8.0 million, supported by AUD 2.8 million from working capital, offset by AUD 16.6 million in capitalized technology investments and AUD 3.4 million in share buybacks. Capitalized investments rose to 2.3% of sales revenue from 2.1% in FY25.
Cettire expects approximately AUD 9 million in IEEPA tariff refunds in FY27, following the implementation of 100% customs charges on US shipments. Published product count grew 33% to 360,000, with the total product database exceeding 500,000 items across more than 2,500 brand partnerships. The top-performing brand contributed about 4% of gross revenue.
The global personal luxury goods market contracted roughly 2% in calendar year 2025, with CY2026 growth projected at 2% to 4%. Cettire’s shares were trading at AUD 0.25, up from a 52-week low of AUD 0.25, though well below the 52-week high of AUD 0.96.
