Temple & Webster Group Ltd
ASX:TPW
Temple & Webster Group Ltd
Temple & Webster Group Ltd. operates as an online retailer of furniture and homewares. The company is headquartered in Alexandria, New South Wales. The company went IPO on 2015-12-10. The firm has over 200,000 products on sale from hundreds of suppliers. The firm runs a drop-shipping model whereby products are sent directly to customers by suppliers, which enables delivery and reduces the need to hold inventory. The Company’s drop ship range is complemented by a private label range, which is sourced directly by the Company from overseas suppliers. The Build by Temple & Webster (www.thebuild.com.au) is a pure play online retailer for home improvement. Its subsidiaries include Temple & Webster Pty Ltd, Temple & Webster Services Pty Ltd, TPW Group Services Pty Ltd, Milan Direct Group Investments Pty Ltd, Milan Direct Pty Ltd, Milan Direct UK Pty Ltd and Temple & Webster NZ Ltd.
Temple & Webster Group Ltd. operates as an online retailer of furniture and homewares. The company is headquartered in Alexandria, New South Wales. The company went IPO on 2015-12-10. The firm has over 200,000 products on sale from hundreds of suppliers. The firm runs a drop-shipping model whereby products are sent directly to customers by suppliers, which enables delivery and reduces the need to hold inventory. The Company’s drop ship range is complemented by a private label range, which is sourced directly by the Company from overseas suppliers. The Build by Temple & Webster (www.thebuild.com.au) is a pure play online retailer for home improvement. Its subsidiaries include Temple & Webster Pty Ltd, Temple & Webster Services Pty Ltd, TPW Group Services Pty Ltd, Milan Direct Group Investments Pty Ltd, Milan Direct Pty Ltd, Milan Direct UK Pty Ltd and Temple & Webster NZ Ltd.
Record Revenue: Temple & Webster delivered record first half revenue of $254 million, up 23% year-on-year, despite challenging consumer conditions.
Strong Momentum: Second quarter revenue grew 40%, and trading in the second half to date is up 35% year-on-year.
Profitability: EBITDA for the half was $7.5 million, up year-on-year, with an EBITDA margin of 2.9% at the top end of guidance.
Active Customers: The company surpassed 1 million active customers for the first time.
Marketing Investment: Significant increase in brand investment, with a multi-channel campaign driving new customer orders and brand awareness.
Cost Efficiency: Fixed costs as a percentage of revenue declined; AI-driven efficiencies and improved shipping recovery supported margin gains.
Positive Outlook: Management remains confident in reaching $1 billion annual sales in 3–5 years and expects EBITDA margins to build towards 15% over time.
Strategic Initiatives: Continued expansion of private label and exclusive products, execution of cost-reduction via AI, and ongoing $30 million share buyback.
