Cettire (CTT) AGM 2025 Presentation summary

Market environment and outlook

• Global personal luxury goods market declined 2% in 2024, the first contraction in 15 years excluding COVID, due to macroeconomic headwinds and shifting customer preferences.

• Long-term fundamentals for luxury remain robust, with 2025-2030 growth expectations of 4-6% annually.

• Short-term challenges in luxury are expected to persist, but some signs of recovery are emerging.

Financial performance and key metrics

• FY25 gross revenue reached $975.3m, with sales revenue at $742.1m and adjusted EBITDA of $37m.

• Net cash position was $0.3m, down from $79m at June 2024.

• Average order value (AOV) was $820, delivered margin 16.1%, and 657k active customers.

• 68% of gross revenue came from repeat customers, and 37% of revenues were from emerging markets.

• Paid acquisition expenses accounted for 7.1% of sales.

Q1 FY26 trading update

• Q1 FY26 gross revenue was $196.7m, sales revenue $150.4m, and AOV $907.

• Active customers totaled 641k, with 68% of gross revenue from repeat customers.

• Ongoing uncertainty and softer demand in the global luxury market, especially in the US.

• Focus on geographic diversification and ongoing profitability in Q2.