• Growth accelerated over the half, with half to date revenue up 18% vs pcp
• In the period since 1 March, revenue is up 23% vs pcp
• FY25 EBITDA margin expected to be towards the top end of guidance range

Temple & Webster Group Limited (ASX:TPW), Australia's leading pure-play online retailer for furniture and homewares, has provided a trading update. The company has reported accelerated growth, with half to date revenue up 18% compared to the prior corresponding period (1 January to 5 May). In the period since 1 March, revenue is up 23% compared to the same period last year (1 March to 5 May 2024). The company expects its FY25 EBITDA margin to be towards the top end of its guidance range. The home improvement segment has continued to outperform, with half to date revenue up 42% compared to the prior corresponding period. Temple & Webster remains well-funded to pursue organic and inorganic opportunities, while maintaining capital management flexibility. The company's CEO, Mark Coulter, noted that Temple & Webster has continued to grow strongly and take market share despite ongoing cost-of-living pressures, Cyclone Alfred, a Federal election, and broader global uncertainty. The CEO also commented that the US-China tariff war has been a net positive for the business, with lower inbound shipping rates and potential further market improvements due to reducing interest rates and stimulatory Australian government policies around housing.

FY25 EBITDA margin expected to be towards the top end of guidance range.