InvestSMART

Cettire Limited (ASX:CTT)

ALERT: Price-sensitive ASX Announcement for CTT
Current share price for CTT : $0.185 -0.54 (-74.48%)+
Announcement
Release
22 Oct 2025 9:21AM
Price at Release
$0.725
Full Release
download
Summary
Cettire Limited reported its Q1 FY26 trading update, highlighting a decrease in sales revenue to $150.3 million, a 3% dip from the prior year. The company improved its adjusted EBITDA to $2.5 million, reflecting a significant quarter-on-quarter improvement. Challenges within the USA market led to a 15% decline in revenue, although non-USA revenue saw an 18% increase. Cettire's active customers reduced by 8% due to strategic marketing investments. The company aims to continue profitable growth and geographical diversification, with a focus on sustaining profitability in the upcoming quarter.
Key Points
  • Cettire Limited reported a Q1 FY26 sales revenue of $150.3 million, which is a 3% decrease compared to the previous corresponding period.
  • The company achieved an adjusted EBITDA of $2.5 million, showing an improvement of $0.5 million compared to Q1 FY25 and a $10 million improvement versus Q4 FY25.
  • Cettire's active customer base decreased by 8% to approximately 641,000, attributed to a more conservative marketing investment.
  • Revenue outside the USA grew by 18%, while USA revenue declined by 15% over the same period.
  • The company's cash balance was $37.7 million at the end of the quarter.
  • Cettire is focusing on geographical diversification and maintaining profitability, with a goal of sustaining profitability into Q2 FY26.
IMPORTANT NOTE: This information is autogenerated and has not been reviewed for accuracy or completeness. You should refer to the full announcement here for further information.