Record Half-Year Revenue Growth
Temple & Webster delivered a record half with revenue up 23% to $254 million, driven by growth in both first-time and repeat customers.
Significant Second Quarter Revenue Growth
The second quarter of the financial year saw revenue growth of 40%, attributed to a strong Black Friday and Cyber Monday sales period.
Active Customer Milestone
The company crossed the 1 million active customer mark for the first time, indicating strong customer engagement and growth.
EBITDA and Profitability Improvements
EBITDA result of $7.5 million for the first half, showing an increase year-on-year even after market investments.
Financial Strength and Strategic Position
Temple & Webster maintains a strong financial position with a cash balance of $114 million and no debt, allowing for continued investment in growth.
B2B and Home Improvement Growth
B2B division grew 23% in the first half, contributing 9% to group revenue, while the Home Improvement division achieved $14 million in revenue with an 18% growth rate.
Successful Brand Campaign Launch
The company launched a major multichannel brand campaign, resulting in increased share of branded searches and direct traffic.