Temple & Webster: Growth Momentum with Short-Term Profit Pressure
Temple & Webster (ASX: TPW) delivered strong top-line momentum in the first half of FY26, with revenue rising 20% year-on-year to AU$375.9 million, supported by record active customers and continued market share expansion. Growth was driven by higher repeat orders, improved conversion rates, and expansion across home improvement, Trade & Commercial, and New Zealand.
EBITDA reached AU$13.5 million, or AU$14.9 million excluding New Zealand start-up costs, remaining within management’s guidance range. However, profit after tax declined to AU$5.8 million, reflecting increased investment in pricing, marketing, expansion initiatives, depreciation, and start-up costs associated with the New Zealand launch. Despite the temporary pressure on earnings, the company closed the period with more than AU$160 million in cash and no debt, reinforcing the strength of its asset-light, negative working capital model. Management remains focused on scaling revenue toward its medium-term ambition of exceeding AU$1 billion annually while progressively rebuilding margins through operating leverage and AI-driven efficiencies.
Customer Notice:
Nextgen Global Services Pty Ltd trading as Kapitales Research (ABN 89 652 632 561) is a Corporate Authorised Representative (CAR No. 1293674) of Enva Australia Pty Ltd (AFSL 424494). The information contained in this website is general information only. Any advice is general advice only. No consideration has been given or will be given to the individual investment objectives, financial situation or needs of any particular person. The decision to invest or trade and the method selected is a personal decision and involves an inherent level of risk, and you must undertake your own investigations and obtain your own advice regarding the suitability of this product for your circumstances. Please be aware that all trading activity is subject to both profit & loss and may not be suitable for you. The past performance of this product is not and should not be taken as an indication of future performance.
Kapitales Research, Level 13, Suite 1A, 465 Victoria Ave, Chatswood, NSW 2067, Australia | 1800 005 780 | info@kapitales.com.au
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Temple & Webster: Growth Momentum with Short-Term Profit Pressure
Temple & Webster (ASX: TPW) delivered strong top-line momentum in the first half of FY26, with revenue rising 20% year-on-year to AU$375.9 million, supported by record active customers and continued market share expansion. Growth was driven by higher repeat orders, improved conversion rates, and expansion across home improvement, Trade & Commercial, and New Zealand.
EBITDA reached AU$13.5 million, or AU$14.9 million excluding New Zealand start-up costs, remaining within management’s guidance range. However, profit after tax declined to AU$5.8 million, reflecting increased investment in pricing, marketing, expansion initiatives, depreciation, and start-up costs associated with the New Zealand launch. Despite the temporary pressure on earnings, the company closed the period with more than AU$160 million in cash and no debt, reinforcing the strength of its asset-light, negative working capital model. Management remains focused on scaling revenue toward its medium-term ambition of exceeding AU$1 billion annually while progressively rebuilding margins through operating leverage and AI-driven efficiencies.
Customer Notice:
Nextgen Global Services Pty Ltd trading as Kapitales Research (ABN 89 652 632 561) is a Corporate Authorised Representative (CAR No. 1293674) of Enva Australia Pty Ltd (AFSL 424494). The information contained in this website is general information only. Any advice is general advice only. No consideration has been given or will be given to the individual investment objectives, financial situation or needs of any particular person. The decision to invest or trade and the method selected is a personal decision and involves an inherent level of risk, and you must undertake your own investigations and obtain your own advice regarding the suitability of this product for your circumstances. Please be aware that all trading activity is subject to both profit & loss and may not be suitable for you. The past performance of this product is not and should not be taken as an indication of future performance.
Kapitales Research, Level 13, Suite 1A, 465 Victoria Ave, Chatswood, NSW 2067, Australia | 1800 005 780 | info@kapitales.com.au