• Sales revenue of $260.1 million, +1% vs prior year
• Delivered margin of 14% reflecting heightened promotional activity
• Adjusted EBITDA loss of $(4.7) million, including $2.1 million FX loss
• Active customers +8% vs prior year to ~696k
• Focused on delivering profitability in Q4 amid volatile demand

Cettire Ltd, a global luxury online platform, has provided an update on its trading performance for the quarter ended 31 March 2025 (Q3 FY25). Key highlights include:- Sales revenue of $260.1 million, up 1% compared to the prior corresponding period (pcp)- Delivered margin of 14%, reflecting a continuation of heightened promotional activity across the sector- Adjusted EBITDA loss of $(4.7) million, inclusive of $2.1 million in realised foreign exchange (FX) losses- Active customers increased 8% vs pcp to ~696k, with strong gross revenue contribution from repeat customers- The company is focused on delivering profitability in Q4 FY25 while greater volatility in demand persists- Implemented ~$5 million in annual run-rate cost initiatives during Q3 to deliver benefits in Q4 and beyondThe operating environment within the global personal luxury goods market has remained volatile, with softening underlying demand evident across all geographies. Cettire placed an increased emphasis on market share in Q3, which resulted in a reduction in delivered margin as a percentage of sales compared to H1 FY25.In the short term, there continues to be uncertainty within the global personal luxury goods market, with softer demand persisting. The company has observed a softening in US demand, its largest market, since recent tariff changes were announced by the US in early April. Cettire is continuing to focus on further geographic diversification of its revenue base, underpinned by its localisation strategy.Given the rapidly evolving market environment, Cettire's immediate focus is on delivering Q4 profitability, including increasing investment in growing its customer base, improving delivered margin, and embedding cost-saving initiatives.

In the short term, there continues to be uncertainty within the global personal luxury goods market, with softer demand persisting. The company has observed a softening in US demand, its largest market, since recent tariff changes were announced by the US in early April. Cettire is continuing to focus on further geographic diversification of its revenue base, underpinned by its localisation strategy.