• Sales revenue of $693.8 million, +1.7% vs prior year
• Continued challenges in global luxury market, amplified by US tariff policy changes
• Proactive moderation in promotional activity, pointing to soft June quarter revenue performance

Cettire Limited (ASX: CTT), a global luxury online platform, has provided an update on its unaudited trading performance for the financial year-to-date period ending 31 May 2025 (YTD FY25). The key highlights include sales revenue of $693.8 million, representing a 1.7% increase compared to the prior corresponding period. However, the company has faced continued challenges in the global luxury market, amplified by changes in US tariff policy. Cettire has proactively moderated its promotional activity, which is expected to lead to softer revenue performance in the June quarter. The company has seen weaker demand in its Established Markets, particularly in the US, partially offset by a more stable performance in Emerging Markets. The YTD FY25 Delivered margin was around 16%, reflecting the continuation of heightened promotional activity and higher fulfilment costs. The company's YTD FY25 Adjusted EBITDA was $0.5 million, inclusive of approximately $2 million in realized foreign exchange losses during April and May. Cettire remains focused on delivering improved profitability through the remainder of FY25 and into FY26, while navigating the ongoing volatility in demand.

Cettire remains relentlessly focused on its strategy to grow profitably while self-funding. Due to the rapidly evolving market environment, the immediate focus remains on improving profitability.