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Cettire Limited (ASX:CTT)

ALERT: Price-sensitive ASX Announcement for CTT
Current share price for CTT : $0.210 -0.24 (-53.33%)+
Announcement
Release
26 Feb 2026 9:55AM
Price at Release
$0.450
Full Release
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Summary
Cettire Limited reported its H1 FY26 results, highlighting a challenging global luxury goods market influenced by macroeconomic factors and changes in US trade policy. The removal of the de minimis exemption in the US significantly impacted sales, leading to increased duties and fulfillment costs. Despite these challenges, the company managed to achieve gross revenue of $505.7 million and an adjusted EBITDA of $8.7 million, reflecting a significant profit turnaround compared to H2 FY25. Cettire focused on diversifying its revenue geographically, with a 13% increase in sales outside the US. The average order value increased by 17%, which the company attributes to higher US pricing. Marketing expenses were cut by 42%, contributing to a decline in active customers by 12%. Repeat customers accounted for 69% of gross revenues. Operationally, emerging markets expanded their share of gross revenues to 45%, and Cettire launched an Arabic language site and a flagship store on JD.com to support growth in the Middle East and China.
Key Points
  • Cettire reported H1 FY26 gross revenue of $505.7 million.
  • Adjusted EBITDA for H1 FY26 was $8.7 million, marking a $20.5 million turnaround from H2 FY25.
  • Sales in the US were significantly impacted by new trade policies, particularly the removal of the de minimis exemption.
  • Revenue from regions outside the US grew by 13% year-on-year.
  • The average order value increased by 17% due to higher US pricing.
  • Reduction in marketing expenses by 42% led to a 12% decline in active customers.
  • Repeat customers contributed to 69% of gross revenue.
  • Emerging markets increased their share of gross revenue to 45%.
  • Cettire launched an Arabic language capability and a flagship store on JD.com.
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.