• Revenue up 24% to $314m
• EBITDA margin of 4.2%, above guidance range
• NPAT up 118% to $9.0m
• Free cash flow generation of $32.5m, up 61%

Temple & Webster Group Limited (ASX:TPW), Australia's leading online retailer for furniture and homewares, has released its financial results for the half year ended 31 December 2024 (H1 FY25). The company reported strong performance across all key metrics, with revenue of $314m, up 24% compared to the prior corresponding period (H1 FY24). This growth was driven by increases in both new and repeat customers, as well as higher average order values. Temple & Webster's market share reached an all-time high of 2.9% of the total Australian furniture and homewares market. EBITDA margin for the period was 4.2%, above the company's FY25 guidance range of 1-3%, reflecting the scalability of Temple & Webster's cost base. Net Profit After Tax (NPAT) increased by 118% to $9.0m, while free cash flow generation grew by 61% to $32.5m. The company ended the half year with a strong cash balance of $139m and no debt. Temple & Webster CEO, Mark Coulter, said the company has again delivered a record half, with strong performance against all key metrics, despite the challenging macro and consumer backdrop. The company continues to execute on its strategy of providing beautiful home items at great value, as evidenced by its revenue, active customer and market share growth.

Temple & Webster has reiterated its EBITDA margin guidance for FY25 of 1-3%. The company remains on track towards its mid-term goal of $1b+ in annual revenue.

Temple & Webster has stated that the market share gains and revenue growth demonstrated in H1 FY25 have continued into H2 FY25, with revenue up 16% year-on-year from 1 January to 10 February 2025, and up 19% year-on-year from 1 February to 10 February 2025. The company expects this trend to continue, given easing of comparison growth rates and the ability to use the margin flexibility built up in the first half of the financial year.