Mayank Bansal, CFA
Mayank Bansal is a CFA Charterholder and heads the Equity Research team at Kapitales Research, with over 5 years of experience analysing global equity markets. He leads fundamental, data-driven research combining rigorous financial analysis with macro trends.
Temple & Webster FY26 Revenue Hits Record AU$665 Million as EBITDA Growth Strengthens
Highlights:
Temple & Webster reports record annual revenue
Temple & Webster Group Limited (ASX: TPW), Australia’s leading online furniture and homewares retailer, announced its full-year FY26 financial results and trading update on 19 August 2026. The company delivered record revenue despite challenging consumer conditions, supported by improved profitability, exclusive product offerings and growth across its adjacent business segments.
For the financial year ended 30 June 2026, revenue reached AU$664.6 million, up 10.6% from AU$600.7 million in FY25. EBITDA increased 16.6% to AU$21.9 million, compared with AU$18.8 million in the previous year.
Underlying EBITDA, excluding significant items and unrealised foreign exchange losses, climbed 28% to AU$25.9 million. Its underlying EBITDA margin improved from 3.4% to 3.9%, reflecting the impact of margin optimisation initiatives and operating efficiencies.
Exclusive products and customer engagement support growth
Temple & Webster reported progress across its strategic priorities, with exclusive products accounting for approximately 51% of revenue, compared with 45% in FY25. Revenue from adjacent businesses, including home improvement and Trade & Commercial, reached AU$117 million, representing 30% growth year-on-year.
The company’s active customer base increased 5% to approximately 1.3 million. Revenue per active customer rose 8% to AU$494, while repeat customers accounted for 62% of total orders, compared with 59% in the previous financial year. Home improvement generated AU$59 million in FY26 revenue, up 39%, while the Trade & Commercial segment recorded AU$56 million, increasing 16% year-on-year. The company also reported AU$3 million in revenue from its New Zealand operations since launching in October 2025, supported by more than 7,400 orders.
FY27 outlook and capital management
Temple & Webster generated AU$24 million in operating cash flow during FY26 and held AU$122.7 million in cash and cash equivalents at 30 June 2026. The company deployed AU$30 million towards on-market share buybacks during the year. For FY27, management is targeting EBITDA between AU$33 million and AU$40 million, representing an estimated increase of 50–80% compared with FY26.
However, financial year-to-date revenue through 17 August 2026 was down 13% year-on-year, reflecting challenging trading conditions and comparison against strong growth in the previous corresponding period. Contribution margin dollars nevertheless increased 10%.
Leadership transition and strategic priorities
New CEO Susie Sugden is expected to provide further details on the company’s strategy to restore double-digit revenue growth at its upcoming Annual General Meeting and H1 FY27 results briefing. Temple & Webster remains focused on profitable growth, technology and artificial intelligence investments, and expanding its presence across Australia’s furniture, homewares and home improvement markets.
Note: All data presented is based on information available at the time of writing.
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