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Cettire Limited (ASX:CTT)

ALERT: Price-sensitive ASX Announcement for CTT
Current share price for CTT : $0.185 -0.265 (-58.89%)+
Announcement
Release
26 Feb 2026 9:57AM
Price at Release
$0.450
Full Release
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Summary
Cettire Limited's H1 FY26 Results Presentation highlights a strategic focus on profitable growth amidst challenging luxury market conditions. The company's gross revenue reached $505.7 million, with sales revenue of $382.8 million, reflecting a 13% increase in markets outside the US. Despite a challenging US market environment due to tariff changes, Cettire improved its profitability with adjusted EBITDA reaching $8.7 million, a $20.5 million turnaround from the previous half. The company maintained a strong cash position of $61 million with no financial debt, underscoring its resilience and flexibility. Cettire's business model, emphasizing a capital-light and flexible growth strategy, facilitated significant market share gains, particularly in emerging markets, which now constitute 45% of gross revenues. The company continued to enhance customer engagement, with repeat customers accounting for 69% of gross revenue, and invested in localization strategies, such as launching an Arabic language platform to tap into Middle East potential.
Key Points
  • Ex-USA sales revenue growth of 13%, highlighting market share gains.
  • Disciplined marketing investments have reduced the rate of new customer acquisitions.
  • Strong engagement with repeat customers, accounting for 69% of gross revenue.
  • Adjusted EBITDA of $8.7 million, indicating a significant profitability turnaround.
  • Cash balance of $61 million with no financial debt, showcasing financial resilience.
  • Emerging Markets now make up 45% of gross revenues.
  • Localization efforts included launching an Arabic platform for Middle East expansion.
  • The luxury goods market is facing a decline, impacting demand, particularly in the US.
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.