Half Yearly Report and Accounts
| Stock | Temple & Webster Group Ltd (TPW.ASX) |
|---|---|
| Release Time | 13 Feb 2025, 8:25 a.m. |
| Price Sensitive | Yes |
Temple & Webster Reports Strong H1 FY25 Results
- Revenue up 24% to $313.7m, profit before tax up 94% to $12.5m, profit after tax up 118% to $9.0m
- EBITDA margin of 4.2%, cash balance of $139.3m, free cash flow of $32.5m
- Exclusive products now 45% of total revenue, AI-driven efficiency gains
Temple & Webster Group Ltd reported strong financial results for the first half of FY25, with revenue up 24% to $313.7m, profit before tax up 94% to $12.5m, and profit after tax up 118% to $9.0m. The company's EBITDA for H1 FY25 was $13.2m, representing an EBITDA margin of 4.2%. The group's cash balance as at 31 December 2024 was $139.3m, and it generated $32.5m in free cash flow, demonstrating the strength of its asset-light / negative working capital model. The H1 FY25 results highlight the value of the group's offering, which continues to resonate strongly with customers, as demonstrated by the group's market share growing by 23% vs the prior corresponding period to 2.9%. This growth in market share was achieved while maintaining the group's high levels of customer satisfaction, driven by product range, value proposition and service. The group has made progress across its five key strategic priorities, including becoming the top-of-mind brand, generating a majority of revenue from exclusive products, developing market-leading capabilities around data, AI and technology, lowering fixed costs as a percentage of revenue, and building scale through adjacent growth plays.
For H1 FY25, the group reported revenue of $313.7m, profit before tax of $12.5m, and profit after tax of $9.0m. The group's EBITDA margin was 4.2% for the period.
The group remains committed to achieving its mid-term goal of $1b+ in annual revenue. It continues to execute on its five key strategic priorities, including building its brand, expanding its exclusive product range, leveraging data and AI, improving operating efficiency, and pursuing adjacent growth opportunities.