Cettire FY26: EBITDA Improves $16.7M, Ex-US Growth Accelerates as US Market Stabilises

The Quick Take

• Cettire's adjusted EBITDA improved by $16.7 million year-on-year in FY26, reversing prior profitability pressure.
• FY27 early momentum shows 22% gross revenue growth, with international markets outside the US leading expansion.
• The US luxury e-commerce market is stabilising for Cettire after a challenging period of consumer pullback.

Cettire Ltd (ASX:CTT), Australia's listed luxury e-commerce platform, reported a $16.7 million year-on-year improvement in adjusted EBITDA for FY26, marking a meaningful inflection after a period of compressed margins. The result reflects Cettire's operational leverage — where revenue growth outpaces fulfilment cost growth as the platform scales — alongside pricing discipline in its direct-from-brand sourcing model. The EBITDA recovery signals that management's cost restructuring initiatives and marketing efficiency improvements have taken hold across the financial year.

The geographic picture reveals a bifurcated growth dynamic: ex-US markets are driving the momentum, with FY27 early trading showing 22% gross revenue growth from international regions, while the US luxury consumer — which had retrenched through 2025 amid interest rate pressure and wealth effect compression — is showing early stabilisation signals. Luxury e-commerce in the US is a bellwether for broader premium consumer sentiment; Cettire's US recovery narrative aligns with broader luxury sector data pointing to the high-end US consumer regaining confidence.

For ASX investors, Cettire's FY26 results reframe a stock that had faced sustained re-rating pressure on profitability concerns. The $16.7M EBITDA improvement with 22% FY27 gross revenue growth provides a dual catalyst: operational credibility and growth momentum. The key execution risk remains competitive intensity from European luxury e-commerce incumbents and platform economics at scale. Watch: Cettire's Q1 FY27 revenue print, gross margin trajectory, and whether US market stabilisation converts to structural re-engagement.

Synthesized from 1 source.