Half Year 2026 Temple & Webster Group Ltd Earnings Call Transcript
Key Points
- Temple & Webster Group Ltd (TPLWF) reported a 20% year-on-year revenue growth, reaching $376 million for the first half of FY26.
- The company achieved a record high of 1.35 million active customers, marking a 14% increase year-on-year.
- The New Zealand business generated $1 million in sales within just four months of launch, indicating successful international expansion.
- Temple & Webster Group Ltd (TPLWF) ended the period with a strong cash position of $161 million and no debt, providing flexibility for future investments.
- The company reported a 47% revenue growth in the home improvement segment and a 24% increase in the trading commercial division, showcasing strong performance in growth areas.
- Net profit before tax was down year-on-year, impacted by investments in New Zealand and one-off costs related to a new warehouse.
- The delivered margin decreased to 30.5%, reflecting increased promotional spending and competitive pressures.
- Marketing costs as a percentage of revenue, although improved, remain a significant expense at 15.9%.
- The company faces challenges in maintaining its EBITDA margin guidance of 3% to 5% amidst a competitive and inflationary environment.
- New customer order growth slowed to 4%, indicating potential challenges in acquiring new customers at previous growth rates.
Thank you for standing by and welcome to the Temple and Webster Group Limited first half Fiscal Year 26 results call. I would now like to hand the conference over to Mark Coulter. Please go ahead.
Thank you and good morning everyone and thank you for joining us. I'd like to begin by acknowledging the traditional owners and custodians of the country throughout Australia. On the call with me today is our CFO, Cam Bransley, and we'll be taking you through Temple and Webster's results for the first half of FY26 which were released to the ASICs early today.
Starting with slide 4, you can see that we delivered a strong result in the first half of FY26 as we continue to execute on our strategy to reach a billion dollars in revenue by FY28. Revenue growth accelerated since our last trading update, ending the half up 20% year-in-year to $376 million. That acceleration was partly due to the natural volatility inherent in our business and partly due to
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