• Gross Revenue and Sales Revenue broadly stable vs FY24
• Delivered Margin decreased to 16.1% of Sales Revenue
• Adjusted EBITDA of $0.3 million, down 99% vs FY24

Cettire Limited (ASX: CTT), a global luxury online platform, released results for the full year ended 30 June 2025 (FY25). Gross Revenue was $975.3 million and Sales Revenue was $742.1 million, both broadly in line with FY24. Active Customers declined 5% to 656,569, reflecting softer global demand for luxury goods. Delivered Margin decreased to $119.4 million, representing 16.1% of Sales Revenue, down from 20.9% in FY24, due to heightened promotional activity. Adjusted EBITDA was $0.3 million, down 99% from $32.5 million in FY24, primarily driven by the reduction in Delivered Margin. The Company continued to focus on scaling its global platform, with Emerging Markets now representing 37% of Gross Revenue. Cettire also implemented cost initiatives and grew its organisational capabilities during the year. In the short term, there is ongoing uncertainty in the global luxury market, particularly in the US. However, the Company remains focused on driving profitable revenue growth while expanding its global footprint.

In FY26 year-to-date, overall Gross Revenues have increased by low-single digit per cent versus the prior corresponding period, with Emerging Markets increasing by double-digit per cent. In the seasonally low month of July, Cettire delivered positive Adjusted EBITDA.

Cettire's business model is highly flexible, enabling quick adaptation to market conditions and cycles. The Company continues to operate the business to maximise profitable revenue growth whilst also self-funding, with increased emphasis on profitability in FY26.