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Cettire swings to net loss of $8.5M in FY26
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Cettire swings to net loss of $8.5M in FY26

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  • Cettire delivered $17.1 million in adjusted EBITDA for FY26, returning to sales growth in the fourth quarter.
  • The company's adjusted EBITDA improved by $16.7 million year-on-year, while statutory net loss after tax reached $8.5 million.
  • Growth outside the United States and lower customer acquisition costs supported earnings despite trade and regional headwinds.

Online luxury platform Cettire (ASX:CTT) swung to a net loss of $8.5 million for FY26.

The company booked $17.1 million in adjusted EBITDA for FY26 as fourth-quarter sales resumed growth.

Gross revenue decreased to $953.4 million from $975.3 million in FY25, while sales revenue fell to $718.4 million from $742.1 million.

Cettire continued to observe challenging market conditions throughout FY26, driven by softer demand for luxury goods globally and macro uncertainty due to ongoing changes to US trade policies in addition to disruptions resulting from the ongoing conflict in the Middle East.

"The global luxury market continued to face headwinds throughout FY26, although, consistent with recent commentary from other luxury industry participants, we are starting to see early signs of sector stabilisation," said Cettire Founder & CEO Dean Mintz.

The business cut paid customer acquisition expenses to 4.6% of sales revenue, while active customers dropped to 605,000 from 657,000 in FY25.

The company closed the financial year with $27.9 million in cash and zero financial debt.

Following the announcement, the Cettire share price was up at $0.27.

The platform links global luxury consumers with independent brand retailers and distributors.

It generates revenues by processing consumer purchases across multiple international jurisdictions.

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