Homewares company Temple & Webster reported record financial results in fiscal 2025, including a 532.8% jump in net profit after tax.
The company reported net profit after tax of A$11.3 million, greatly surpassing the A$1.8 million it reported in FY24.
Revenues for the company also grew 20.7% from A$497.8 million in FY24 to A$600.7 million in FY25 and increased its share in the Australian furniture and homewares market to 2.7%.
The company pointed to a 43% rise in home improvement as a key reason for the jump in revenue.
Temple & Webster CEO Mark Coulter said this financial year’s results are pushing the company further forward toward its goal of becoming Australia’s largest retailer in furniture and homewares.
“June was a particularly strong month, with checkout revenue up 28%, highlighting that our customer proposition centred around price, range and convenience continues to resonate with the next generation of shopper in our category,” Coulter said.
“Home improvement was again a standout performer, with revenue growth of 43%, and private label penetration in this category increasing markedly, approaching 20%.”
As of 30 June 2025, the company has a cash balance of A$144 million with no debt.
The active customer base for the retailer rose 16% to 1.3 million; however, revenue per active customer fell slightly to A$456 from A$461 in fiscal 2024.
Due to the strong start to the financial year, with revenue from 1 July to 11 August 2025 rising 28% year-on-year, Coulter said he is optimistic about FY2026.
“In FY26, we are guiding to an EBITDA margin in the range of 3 – 5%, targeting the mid-point of the range, driven by leverage on our fixed cost base and FY24/25 marketing investments,” Coulter said.
“The strength of our balance sheet position, with $144m of cash and no debt, allows us to continue executing towards our goal of becoming Australia’s largest retailer of furniture and homewares.”
At the time of writing, Temple and Webster Group (ASX: TPW) stocks are trading 5.87% higher than the previous close at A$27.60. Its market cap is A$3.27 billion.
