• Approximately 41% of Cettire's H1-FY25 gross sales related to EU-manufactured goods sold to US customers
• US de minimis exemption on sub-$800 shipments remains unchanged
• Cettire assessing full implications and preparing strategies to mitigate potential tariff changes

Cettire Limited (ASX: CTT) has advised that it is continuing to assess changes to US tariffs on overseas imports, particularly in relation to goods manufactured in the European Union (EU) and sold to customers located in the US. The company notes that approximately 41% of its total gross sales in H1-FY25 related to goods manufactured in the EU and sold to US customers. However, the US de minimis exemption, which allows shipments below $US800 to be exempt from duties, remains unchanged. Cettire's average order value in H1-FY25 was A$821 (~US$514). The company acknowledges that changes to US tariffs on overseas imports will likely impact the majority of online and bricks and mortar luxury retailers, as a significant proportion of luxury items are manufactured in the EU. Cettire is currently assessing the full implications of these tariff changes on the company and its global operations, noting that several major luxury brands have indicated they would seek to increase pricing of luxury goods in the US market to mitigate possible tariff changes. Cettire began identifying strategies to prepare for and mitigate potential changes to the US tariff regime throughout calendar 2024 and the first quarter of 2025. The company's localisation strategy has underpinned a continued broadening of the geographic revenue base, which Cettire expects to continue.

Cettire is currently assessing the full implications of the US tariff changes on the company and its global operations, and is preparing strategies to mitigate potential tariff changes. The company's localisation strategy is expected to continue supporting the broadening of its geographic revenue base.