Temple & Webster Group Ltd (ASX:TPW) Shares Surge: Latest News and Market Performance

Sonal Goyal

23 October 2026 02:45 PM AEDT

Temple & Webster Group Ltd (ASX:TPW) Shares Surge: Latest News and Market Performance

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Temple & Webster Group Ltd (ASX:TPW) shares were trading 28.75% higher at $5.24 during the 23 October 2026 session.
The 2026 Annual Report, released on 29 September 2026, showed record Revenue of $665 million and EBITDA of $21.9 million.
The company expects FY27 EBITDA of $33 million to $40 million and held $123 million in cash after a $30 million buy-back.

Shares in Temple & Webster Group Ltd (ASX:TPW) were trading 28.75% higher at $5.24 during the Trading session on 23 October 2026. By comparison, the S&P/ASX 200 Consumer Discretionary index (XDJ) was up 1.77%, or 65.10 points, at 3,742.80 at 1:31 pm AEDT, the S&P/ASX 200 (XJO) was up 0.38% at 8,760.00 and the All Ordinaries was up 0.54% at 8,868.90. Temple & Webster is an online retailer of furniture and homewares. The company released its 2026 Annual Report on 29 September 2026, and the share price movement on 23 October 2026 has not been linked to that release.

Latest development: 2026 Annual Report (29 September 2026)

On 29 September 2026, Temple & Webster lodged its 2026 Annual Report in accordance with ASX Listing Rules. The report stated that FY26 revenue was a record $665 million, up 11% on FY25 in what it described as a challenging consumer environment in Australia. EBITDA was $21.9 million, up 17%, representing a Margin of 3.3%. Excluding significant items and unrealised foreign exchange losses, underlying EBITDA was $25.9 million, up 28%.

The company reported 1.33 million active customers, up 5%, and said operating cash conversion exceeded 100%. Revenue from exclusive products represented 51% of FY26 revenue, compared with 45% in FY25.

Latest development: growth adjacencies and balance sheet

Revenue from growth adjacencies, which include home improvement and other newer categories, was $117 million, up 30%, and now contributes well over $100 million a year. The report said the company had $123 million in cash at 30 June 2026 after deploying $30 million into its on-market buy-back. A buy-back program remains in place.

The report described the company's aim of becoming the largest retailer in its category in Australia and stated that its unprompted Brand Awareness sits below its ranking for wallet share among its target customer segment.

Latest development: FY27 outlook

For FY27, the company said it is confident of delivering EBITDA in the range of $33 million to $40 million, a step-up on FY26 levels, despite a continued difficult consumer environment. Its priorities include returning the Business to revenue growth through FY27, including double-digit Top Line growth, while maintaining its enhanced margin profile and unit economics, and expanding brand and content marketing. It said it will update shareholders on its longer-term ambitions over the coming months.

About Temple & Webster and what it does

Temple & Webster is an Australian online retailer of furniture, homewares and home improvement products. Its range includes products from third-party suppliers shipped directly to customers, together with a private label range sourced directly by the company, and it operates in Australia and New Zealand. The company is focused on growing Market Share in a large and fragmented category.

Risks and catalysts on watch

Items flagged in the report include a continued tough consumer environment, the need to rebuild double-digit revenue growth, lower unprompted brand awareness relative to its wallet share ranking, unrealised foreign exchange losses affecting reported EBITDA and a low EBITDA margin of 3.3%.

Items that may attract attention include the longer-term strategy update the company has said it will provide, performance against the FY27 EBITDA range, growth in exclusive products and adjacencies, and the ongoing buy-back.

Final perspective

Temple & Webster shares rose sharply on 23 October 2026, well ahead of the consumer discretionary index. The company's most recent document, the 2026 Annual Report of 29 September 2026, reported record revenue, higher EBITDA and an FY27 EBITDA range. Further announcements will be released through the ASX.

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