2025 AGM Presentation
| Stock | Temple & Webster Group Ltd (TPW.ASX) |
|---|---|
| Release Time | 26 Nov 2025, 8:27 a.m. |
| Price Sensitive | Yes |
Temple & Webster Group Ltd Delivers Record FY25 Results
- Record revenue of $601m, up 21% vs FY24
- EBITDA of $18.8m, up 43% vs FY24
- Cash balance of $144m, up $37m vs FY24
- On track to reach $1b+ annual revenue target
Temple & Webster Group Ltd delivered a record financial performance in FY25, with revenue growing 21% year-on-year to $601 million. The strong revenue growth was driven by continued market share gains, with the company's share of the Australian furniture and homewares market reaching a record 2.7%, up 17% versus the prior year. EBITDA also grew significantly, rising 43% to $18.8 million, representing a margin of 3.1%, up 50 basis points from the prior year. The company's fixed costs as a percentage of revenue declined to 10.6%, demonstrating continued operating leverage. The strong financial performance translated into robust cash flow, with the company generating $38 million in free cash flow and ending the year with a cash balance of $144 million and no debt. Temple & Webster remains focused on executing its long-term strategic goals, including becoming the top-of-mind brand in the category, driving a majority of revenue from exclusive products, and leveraging its leading data and technology capabilities. The company is on track to reach its mid-term goal of $1 billion in annual revenue.
Temple & Webster Group Ltd reiterated its EBITDA margin guidance of 3 - 5% for FY26, targeting the mid-point of the range.
The company continues to make significant market share gains, with revenue from 1 July to 20 November 2025 up 18% year-on-year. Key leading indicators and customer cohort performance are trending positively, with average order values up 3% year-on-year, active customers at record levels, and the proportion of orders from repeat customers continuing to increase. The company's focus remains on delivering revenue growth within its target range for FY26 and remaining on track to achieve its mid-term goal of $1 billion in annual revenue.