Temple & Webster Reports Record Revenue for Fiscal 2026

The Australian retailer achieved significant revenue growth while transitioning to new leadership for the coming year.

Updated on Oct. 22, 2026 in Corporate Finance

Temple & Webster Reports Record Revenue for Fiscal 2026

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Temple & Webster Group reported a record revenue of $665 million for fiscal year 2026, marking an 11% increase over the previous year. The company also announced the appointment of Susie Sugden as CEO, effective 1 July 2026.

Why it matters

The company's strong financial performance comes despite a challenging period for shareholders, with shares falling 83% over the past 12 months. Strategic investments in AI-enabled initiatives and exclusive product lines were key drivers for the year's growth.

Temple & Webster posted a $21.9 million EBITDA, representing a 17% increase versus the prior year on total revenue of $665 million. The company concluded the period with a $123 million cash balance after completing a $30 million share buy-back.

The players

Temple & Webster Group

This organisation is a prominent Australian online retailer specialising in furniture and homewares.

Susie Sugden

She assumed the role of CEO at Temple & Webster Group on 1 July 2026.

Mark Coulter

He serves as the Executive Chair for the company following his transition from the leadership team.

The details

The firm credited AI-driven initiatives for achieving cost savings and improving profit margins throughout the fiscal period. Management has set an EBITDA target between $33 million and $40 million for fiscal year 2027.

30 June 2026 was the date the company reported a cash balance of $123 million.
1 July 2026 marked the start of Susie Sugden as the new CEO.
FY2027 is the target window for reaching an EBITDA between $33 million and $40 million.
FY2028 is the projected timeframe for returning to double-digit revenue growth.

Market Landscape

The company's financial update aligns with the rigorous reporting standards set by the Australian Securities Exchange (ASX) corporate disclosure requirements. This move reflects the broader retail strategy of capitalising on AI and exclusive branding to maintain market share.

Retail customers may see continued expansion in exclusive product lines driven by the company's recent AI-enabled investments. Shareholders will be watching closely to see how the new leadership team addresses the significant share price decline experienced over the past year.

The takeaway

Temple & Webster is attempting to pivot from a period of high share volatility to a more stable growth phase under new management. Investors should monitor the company's ability to hit its fiscal year 2027 EBITDA targets as a primary indicator of recovery.

What happens next

The company expects to target an EBITDA between $33 million and $40 million for fiscal year 2027 and projects a return to double-digit revenue growth by fiscal year 2028.