Cettire Ltd
ASX:CTT
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Cettire Ltd
ASX:CTT
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Cettire Ltd
Cettire Ltd. operates as an online luxury goods retailer. The company is headquartered in Melbourne, Victoria. The company went IPO on 2020-12-18. The firm offers a selection of in-demand personal luxury goods through its Website. The company has access to personal luxury goods, including apparel, shoes, bags and accessories from various brands globally, including Gucci, Prada, Burberry, Bvlgari, Versace, Coach, Dior, Saint Laurent and Moncler. The company offers various clothing products, including coats, dresses, jackets, jeans, jumpsuits, knitwear, pants, shorts, skirts, polo shirts, sweaters and shirts. The company also offers various shoes products, including boots, flat shoes, lace-up shoes, pumps, sandals and sneakers. The firm offers bags, such as backpacks, clutch bags, crossbody and messenger bags, tote bags, laptop bags and briefcases and luggage and travel. The company offers accessories, including belts, clothing patches, gloves, hats, scarves, wallets and sunglasses.
Cettire Ltd. operates as an online luxury goods retailer. The company is headquartered in Melbourne, Victoria. The company went IPO on 2020-12-18. The firm offers a selection of in-demand personal luxury goods through its Website. The company has access to personal luxury goods, including apparel, shoes, bags and accessories from various brands globally, including Gucci, Prada, Burberry, Bvlgari, Versace, Coach, Dior, Saint Laurent and Moncler. The company offers various clothing products, including coats, dresses, jackets, jeans, jumpsuits, knitwear, pants, shorts, skirts, polo shirts, sweaters and shirts. The company also offers various shoes products, including boots, flat shoes, lace-up shoes, pumps, sandals and sneakers. The firm offers bags, such as backpacks, clutch bags, crossbody and messenger bags, tote bags, laptop bags and briefcases and luggage and travel. The company offers accessories, including belts, clothing patches, gloves, hats, scarves, wallets and sunglasses.
Revenue: Cettire reported sales revenue of $382.8 million for H1 FY '26, broadly stable year-on-year, but down 3% compared to the prior period.
Profitability: Adjusted EBITDA reached $8.7 million, marking a $20.5 million half-on-half improvement, highlighting a strong shift toward profitability.
U.S. Headwinds: U.S. sales and margins were hit by de minimis duty exemption changes, resulting in higher fulfillment costs and weaker demand.
Growth Outside U.S.: Ex-U.S. sales revenue rose 13% to $225 million, driven by market share gains in emerging markets.
Customer Loyalty: Repeat customers now contribute 69% of gross revenues, with average order value up 17% year-on-year to $961.
Inventory & Supply: Record inventory levels and increased engagement with suppliers strengthened Cettire's business model.
Outlook: The company expects a challenging third quarter but anticipates a significant growth rebound in Q4 FY '26.
Balance Sheet: Cettire ended the period with $61.4 million in cash and no financial debt, with continued focus on a capital-light model.
