Luxury goods retailer Cettire Limited (ASX: CTT) reported a AUD 3.0 million adjusted net profit after tax for the year ended June 30, 2026, a significant improvement from a AUD 8.5 million statutory loss in the prior year. Adjusted EBITDA rose to AUD 17.1 million, up AUD 16.7 million year-over-year, while statutory EBITDA totaled AUD 4.9 million.
Total sales revenue declined 3% to AUD 718.4 million, though gross revenue remained broadly flat at AUD 953.4 million. The company’s adjusted EBITDA margin expanded to 2.4% of sales revenue, compared with essentially breakeven in FY25. Gross margins narrowed by 100 basis points to 15.1% of sales.
Emerging markets accounted for 44% of gross revenue in FY26, up from 37% in the prior year, delivering 17% growth. In contrast, established markets including the US, UK and Australia contracted 13% year-over-year. Ex-US sales revenue grew 14% to AUD 420 million, led by expansion on TMall Global in China.
Cettire ended the year with AUD 27.9 million in cash and zero financial debt, down from AUD 37.1 million at the close of FY25. Operating cash flow generated a surplus of AUD 8.0 million, supported by AUD 2.8 million from working capital changes. Share buybacks totaled AUD 3.4 million, while technology investments rose to AUD 16.6 million, or 2.3% of sales revenue.
Customer metrics showed a decline in active customer numbers to 605,000 from 657,000 in FY25, though average order value increased 10% to AUD 904 as tariff costs were passed through. Repeat customers contributed 68% of gross revenue, matching FY25 levels, with their average order value reaching AUD 994. Customer acquisition costs fell 29% to AUD 84, while paid acquisition expenses dropped to 4.6% of sales revenue from 7.1%.
The company’s product catalog expanded 33% year-over-year to 360,000 published items, with a total database exceeding 500,000 items. Cettire maintains relationships with over 2,500 brands, representing a combined stock value exceeding AUD 2 billion. The top-performing brand accounted for approximately 4% of gross revenue.
FY27 trading momentum improved, with year-to-date gross revenue growth of about 22% through August 24, 2026, exceeding ex-US growth. July 2026 marked the first month of positive adjusted EBITDA in the new financial year. FX headwinds are expected to reduce reported growth by 5 to 10 percentage points relative to constant-currency performance.
