The Temple & Webster Ltd (ASX: TPW) share price is in focus today after the company posted 20% revenue growth to $376 million for the half year, with EBITDA (excluding New Zealand investment) up 13% to $14.9 million.
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What did Temple & Webster report?
- Revenue rose 19.8% to $375.9 million for H1 FY26
- EBITDA (pre-NZ investment) increased 13% to $14.9 million; margin at 4.0%
- Net cash rose 15.3% to $160.6 million as of 31 December 2025
- Active customers grew 14% year-on-year to ~1.4 million
- Repeat customers made up 62% of total orders
- Free cash flow of $23 million was generated during the half
What else do investors need to know?
Temple & Webster grew market share to a record 2.9% of Australia's furniture and homewares market, supported by strong performances in home improvement (+47%) and Trade & Commercial (+24%). Its New Zealand expansion also added over $1 million in sales from more than 3,000 orders within four months of launch.
The business improved efficiency as fixed costs fell to 9.4% of revenue, compared to 10.5% a year ago. Exclusive product revenue hit a new high, now accounting for 49% of total sales.
What did Temple & Webster management say?
CEO Mark Coulter said:
We continue to execute on our strategy to reach $1 billion in revenue by FY28 and cement our leadership in the online retail market for the home. In addition to delivering 20% revenue growth and EBITDA within our target range, we made great progress on our long-term strategic priorities: brand awareness has increased while marketing ROI has stabilised; exclusive product revenue has reached an all-time high; and company-wide deployment of AI tools has helped to drive fixed costs to a record low percentage of revenue.
What's next for Temple & Webster?
Temple & Webster maintained EBITDA margin guidance for FY26 at 3–5%, with the focus on gaining market share and investing in growth drivers like competitive pricing and marketing. The company's mid-term goal remains $1 billion+ in annual revenue by FY28.
It also confirmed its on-market share buy-back program is in place, with capacity to buy back over 11 million shares and more than $160 million in cash reserves to support future growth and returns.
Temple & Webster share price snapshot
Over the past 12 months, Temple & Webster shares have declined 34%, trailing the S&P/ASX 200 Index (ASX: XJO) which has risen 6% over the same period.
