Key Highlights

  • FY26 revenue increased 10.6% to AUD 664.6mn.
  • Underlying EBITDA excluding foreign exchange effects was AUD 25.9mn, up 28.0%.
  • The company set a FY27 EBITDA target of AUD 33mn–40mn.

On 27 October 2026, Temple & Webster Group Limited (ASX:TPW) was trading at AUD 5.08, up 0.59% at the time of the intraday quotation. The quoted movement describes that trading session and is not attributed to an announcement issued on an earlier date. The company operates an online furniture, homewares and home improvement retail platform.

Full-Year Revenue and Earnings

In its 19 August 2026 results release, Temple & Webster reported FY26 revenue of AUD 664.6mn compared with AUD 600.7mn in FY25, a rise of 10.6%. Reported EBITDA increased to AUD 21.9mn from AUD 18.8mn, with an EBITDA margin of approximately 3.3%. Underlying EBITDA excluding specified one-off costs and unrealised foreign-exchange movements rose 28.0% to AUD 25.9mn. The corresponding margin increased to 3.9% from 3.4%.

Customer Activity and Product Mix

Active customers reached approximately 1.3mn, up 5% from FY25, while revenue per active customer was AUD 494, up 8%. Repeat customers accounted for 62% of total orders compared with 59% a year earlier. Exclusive products, including private-label and exclusive supplier ranges, comprised approximately 51% of revenue, versus 45% in FY25. The group also reported a larger contribution from its home improvement and trade-oriented offers.

Adjacent Businesses and New Zealand Activity

The release stated that its adjacent businesses collectively generated AUD 117mn of revenue, up 30% on the previous corresponding period. Home improvement revenue was AUD 59mn, up 39%, and Trade & Commercial contributed AUD 56mn, up 16%. New Zealand operations generated about AUD 3mn in sales from more than 7,400 orders following the October 2025 launch. The company described these businesses as areas of continuing operational focus.

Cash and Capital Management

Operating cash flow was AUD 24mn in FY26. Cash and equivalents at 30 June 2026 were AUD 122.7mn, compared with AUD 144.3mn in FY25. The group reported approximately AUD 30mn in on-market share buybacks during the year. Fixed costs as a share of revenue decreased from 10.6% in FY25 to 10.1% in FY26. The announcement also outlined ongoing spending on technology, data capabilities and product availability.

Recent Trading and FY27 Target

The release disclosed that revenue for the period from 1 July to 17 August 2026 was 13% below the same period a year earlier, while contribution margin dollars were 10% higher on the company’s stated calculation basis. Temple & Webster targeted FY27 EBITDA of AUD 33mn to AUD 40mn, roughly 50% to 80% above reported FY26 EBITDA. The target is management guidance and not a completed result. The company indicated that further strategic detail would follow at its AGM and half-year briefing.

Business Overview

Temple & Webster is an online furniture and homewares retailer operating a supplier drop-shipping model, supplemented by directly sourced private-label products. The company offers furniture, household goods, home improvement items and Trade & Commercial solutions. Its business model allows many items to be shipped directly from suppliers rather than being held in its own inventory.

Risks and Catalysts on Watch

The company’s announcement identified variable consumer spending and an uneven trading environment. Further items to monitor include customer acquisition economics, supplier delivery performance, currency movements, fixed-cost efficiency and conversion of its adjacent businesses. Management’s FY27 EBITDA range depends on future revenue, costs and market conditions; it should not be presented as an achieved outcome.

Summary of Disclosed Developments

FY26 results documented higher sales, a wider exclusive product mix and expanding home improvement and Trade & Commercial operations. The short-period FY27 trading update showed lower sales than the comparison period, while management also specified its higher EBITDA target for the year.