• Record half year revenue of $314m, up 24% vs H1 FY24
• EBITDA margin of 4.2%, up 126 bps vs pcp
• Free cash flow generation of $33m, up 61% vs H1 FY24

Temple & Webster Group Ltd reported a record half year revenue of $314m for H1 FY25, up 24% compared to the prior corresponding period (pcp). The performance was driven by growth in both new and repeat customers, as well as higher average order values. The company's share of the furniture and homewares market in Australia grew to a record 2.9%, up 23% vs pcp. Temple & Webster delivered strong margins, with EBITDA of $13.2m, up 76% vs pcp, representing a margin of 4.2% (+126 bps vs pcp). The company generated free cash flow of $33m, demonstrating the strength of its asset-light and negative working capital business model. Temple & Webster remains well-capitalized, with a closing cash balance of $139m as of 31 December 2024. The company is tracking to plan across all of its long-term strategic goals, including becoming the top-of-mind brand in the category, increasing the proportion of revenue from exclusive products, leveraging data and AI capabilities, and building scale through adjacent growth plays such as home improvement and trade & commercial. The company reiterated its EBITDA margin guidance of 1-3% for FY25.

Temple & Webster reiterated its EBITDA margin guidance of 1-3% for the full year FY25.