• Profitable growth execution with focus on profitability in challenging market conditions
• Continued diversification of revenue base with 45% of gross revenues from Emerging Markets
• Sequential turnaround in profitability against backdrop of ongoing US market turbulence

Cettire Ltd reported its H1 FY26 results, focusing on profitable growth execution in challenging market conditions. The company achieved 69% of gross revenue from repeat customers, with active customers reflecting softer demand in the US and reduced paid marketing. Cettire continued to diversify its revenue base, with Emerging Markets now accounting for 45% of gross revenues. The company delivered a sequential turnaround in profitability, with Adjusted EBITDA of $8.7 million, against the backdrop of ongoing US market turbulence. Cettire's supply chain continued to grow strongly, exiting H1 FY26 with record levels of inventory and a 60% year-on-year increase in published products. The company's balance sheet remained strong, with $61 million in cash and no financial debt. While the short-term outlook for the global luxury personal goods market remains uncertain, Cettire is well-positioned to deliver long-term profitable growth, leveraging its flexible business model, proprietary technology, and strong supplier relationships.

For the full year, the Company anticipates sales revenue broadly similar to FY25.

In the short term, there continues to be uncertainty within the global luxury personal goods market, with performance varying significantly across geographies. However, the Company expects to achieve a significantly improved growth profile in Q4-FY26 as it starts to cycle the major changes in US trade policy throughout FY25 and its initiatives to broaden the geographic revenue base build momentum.