Temple & Webster Group (TPW) AGM 2025 summary

Opening remarks and agenda

• Meeting commenced at 11:00 A.M. with a quorum and acknowledgment of traditional land owners.

• Board members, executives, auditor, and share registry representatives introduced.

• Agenda included Chairman's address, CEO's review, and voting on resolutions.

Financial performance review

• FY25 revenue reached AUD 601 million, up 21% year-on-year, with EBITDA at AUD 18.8 million, a 43% increase and margin of 3.1%.

• Cash balance rose 35% to AUD 144 million with no debt, and free cash flow for FY25 was AUD 38 million.

• Market share in furniture and homewares increased to 2.7%, a 17% rise over the previous year.

• Home improvement revenue grew 43% to AUD 42 million; Trade & Commercial segment reached AUD 48 million.

• Trading update showed revenue up 18% from July to November, with average order values up 3%.

Board and executive committee updates

• Cameron Barnsley appointed CFO in September; Michael Malone joined as non-executive director in October 2025.

• Michael Malone introduced himself, highlighting his technology and board experience.

• Board Charter revised for clearer director roles and performance assessment.

• Price-sensitive information policy updated to clarify board and management responsibilities.