The Temple & Webster Group Ltd (ASX: TPW) share price is in focus today after the company posted record FY26 revenue of $665 million and grew underlying EBITDA by 28%.
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What did Temple & Webster report?
- Revenue rose 10.6% to $664.6 million
- EBITDA increased 16.6% to $21.9 million, with an underlying EBITDA (ex-FX) jump of 28% to $25.9 million
- Delivered margin improved 5.5% to $201.0 million
- Cash balance at 30 June 2026 was $122.7 million, after $30 million spent on share buy-backs
- Market share grew to 2.9% and active customers rose 5% to approximately 1.3 million
- Repeat customers accounted for 62% of all orders, up from 59% last year
What else do investors need to know?
Temple & Webster highlighted strong contributions from exclusive product lines and adjacent businesses, now delivering over $100 million in annual revenue. The company's NZ business generated $3 million in revenue since launching in October 2025, and its home improvement segment posted strong growth, up 39%.
The group continues to maintain a capital-light operating model, generating $24 million in operating cash flow. Fixed costs declined as a percentage of revenue, supporting improved margins alongside higher average order values and stable marketing ROI.
What did Temple & Webster management say?
Executive Chair Mark Coulter commented:
Despite a challenging environment, we have been able to deliver record annual revenue of $665 million, while materially improving the underlying profitability of the business through several margin optimisation initiatives. These initiatives, combined with the flexibility of our operating model, resulted in our Underlying EBITDA (excluding unrealised foreign exchange losses) increasing by 28% vs pcp to $26 million.
What's next for Temple & Webster?
Despite variable market conditions, Temple & Webster is targeting FY27 EBITDA between $33 million and $40 million, up roughly 50–80% from FY26. The company says it is focused on returning to double-digit top-line growth through leveraging digital and AI innovation, strengthening its core online offering, and building further scale in adjacencies like home improvement and New Zealand.
New CEO Susie Sugden has flagged upcoming strategy updates at the AGM and first-half results, with an eye to expanding market leadership in the $40 billion-plus Australian homewares and furniture sector.
Temple & Webster share price snapshot
The Temple & Webster share price certainly has had 12 months to forget, losing almost 80% of its value since this time last year. This compares to a gain of 2% by the S&P/ASX 200 index (ASX: XJO).
