• Revenue up 11% to $394.0 million
• Net profit after tax down 63% to $4.7 million
• Active customers increased 21% to 695,465
• Average order value up 4% to $821

During the half-year ended 31 December 2024, Cettire continued to execute on its global growth opportunity with an increased emphasis on profitable growth. Notwithstanding continued softness in demand in the global luxury market, Cettire's growing presence in the luxury market is evident with active customers increasing 21% year over year to 695,465, average order value increasing 4% year over year to $821, and gross revenue from repeat customers increasing to 67% compared to 58% in the prior year. Sales revenue for the half-year was $394.0 million, an increase of 11% on the prior corresponding period, driven by increased order volume, combined with the increase in average order value and a stable refund rate. Statutory gross profit decreased in the half-year to $70.8 million, with the business experiencing revenue growth albeit at a lower gross margin percentage due to ongoing sector-wide discounting activity. Advertising and marketing expense decreased to $30.9 million as the business moderated growth investment due to softer industry conditions. Statutory net profit after tax for the half-year was $4.7 million, driven primarily by the decline in gross profit. The Group ended the period with a cash and cash equivalents balance of $101.1 million and zero financial debt.