Cettire (ASX:CTT), a global luxury online platform, announced its financial results for the half-year ended Dec. 31, 2025, highlighting a strategic shift toward profitability despite a challenging macroeconomic environment.
The company delivered an adjusted EBITDA of $8.7 million, marking a turnaround of over $20 million compared to the adjusted EBITDA loss of $11.8 million recorded in the preceding six-month period.
While the global luxury market faced persistent inflation and subdued consumer confidence, Cettire's sales revenue reached $382.8 million, a slight decrease from $394 million in H1 FY25.
The company’s active customer base stood at 613,000, though repeat customers contributed a healthy 69% of gross revenue.
A key driver for the improved earnings was the reduction in paid customer acquisition expenses, which fell to 4.2% of sales revenue from 6.9% in the prior year.
Founder and CEO Dean Mintz noted that while the removal of the de minimis exemption in the US created logistical challenges and increased duty costs, the business remained stable.
Growth in non-US regions, which grew 13% year-on-year, helped diversify the company's global footprint.
Cettire maintains a strong balance sheet with zero financial debt, positioned to leverage its flexible cost base as it continues to seek market share in the personal luxury goods sector.
At the time of reporting, Cettire's share price was $0.36.