Cettire Limited (CTT) Q2 2026 Earnings Call

Investor webinar replay

Replay transcript excerpt

Good morning, everyone, and thanks for joining today's first half FY26 results call for Cetire. My name is Sam Wells from NWR, and I'm pleased to have with me from the company today Cetire's founder and Chief Executive Officer, Dean Mintz, as well as Chief Financial Officer, Tim Hume. Both Dean and Tim will spend some time reviewing the ASX results released this morning, including some notable financial and operational highlights. Following their comments, we will have some time for questions at the end of the call. The audience can submit written questions via the Q&A function at the bottom of your Zoom screen, and time permitting, we'll endeavour to get to all questions. We'll aim to have this call wrapped up within 30 minutes, including Q&A. Thank you, and over to you, Dean. Thanks, Sam. Good morning, everyone, and thank you for joining Ty's interim results briefing for the 2026 financial year. Before we begin, I'd like to remind you of the disclaimer statement in our results presentation. That disclaimer also applies to this investor call. I'm joined today by our CFO, Tim Hume, and together we'll take you through the company's results for the six-month period ending 31 December 2025. Today's results are the outcome of our relentless focus on profitable growth with a clear bias towards profit in what remains a tough luxury market. Gross revenue was $505.7 million and sales revenue was $382.8 million. Both were broadly stable year-on-year. Importantly, excluding the US, sales revenue grew 13% year-on-year to $225 million, which is a testament to our ability to grow our market share in newer markets. We had 613,000 active customers during the period, reflecting a deliberate reduction in paid marketing, combined with softer U.S. demand. Repeat customers continued to ...