Cettire FY26 slides: profitability surges as emerging markets grow
Cettire Limited, an online luxury retailer, reported impressive financial results for the fiscal year ending June 30, 2026, despite global challenges. Adjusted EBITDA surged to AUD 17.1 million, a 16.7 million increase from the previous year, as the company navigated a 2% contraction in the luxury goods market and US tariff headwinds. The stock rose 4.17% to $0.25 following the announcement, still below its 52-week high of $0.96.
Sales revenue declined 3% to AUD 718.4 million, while gross revenue remained flat at AUD 953.4 million, with emerging markets accounting for 44% of the total. The company's profitability improved significantly, with adjusted EBITDA margin expanding to 2.4% from breakeven in the prior year. The company achieved this by reducing paid marketing spend and focusing on quality customer acquisition.
Revenue growth in emerging markets outpaced established markets, with a 17% increase compared to a 13% contraction in the US, UK, and Australia. The company's strategic shift toward sustainable profitability and geographic diversification validated by these results.
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