Temple & Webster’s (ASX:TPW) financial year 2025 (FY25) results underline a business scaling rapidly in two markets still in the early innings of digital disruption. Revenue rose 21 per cent to $601 million, capped by a 28 per cent June surge that has flowed into FY26, where year-to-date (YTD) sales (1 July–11 August) are also up 28 per cent.

With market share at just 2.7 per cent in the $19 billion Australian furniture and homewares market – and online penetration a modest 20 per cent versus 35 per cent in the U.S. and 29 per cent in the UK – the runway is long. The $18 billion home improvement segment is even more fragmented, with only 5-10 per cent of sales online and no dominant digital-first player. Here, Temple & Webster grew revenue 43 per cent to $42 million in FY25, with management convinced this category can eventually deliver higher margins than furniture. Continue…

by Roger Montgomery Posted in Companies.

Tagged

templeandwebster

• save this article
• POSTED IN Companies.
  
  Tagged
  templeandwebster

Cochlear’s financial year 2025 (FY25) results delivered a steady, if unspectacular, performance that broadly aligned with the company’s June guidance reset. Revenue came in at $2.34 billion, consistent with market expectations following the downgrade, while underlying net profit landed at $392 million – the low end of the revised $390-400 million range.

These results reflected a year of mixed dynamics: implants and acoustics continued to post strong growth, but the Services segment remained a significant drag on both revenue momentum and operating leverage. Continue…

by Roger Montgomery Posted in Companies, Stocks We Like.

• save this article
• POSTED IN Companies, Stocks We Like.

There’s some early evidence the equity boom is entering a bubble phase.

Bubbles can last and keep inflating for a long time. Missing out can be costly, but predicting the exact moment of a bubble’s demise is a waste of time. So, the right strategy isn’t prediction but rebalancing and a little tactical asset allocation. That way, you can remain invested and still outperform, if only relatively, even if markets pull back.

This article was first published in The Australian on 05 August 2025. Continue…

by Roger Montgomery Posted in In the Press, Market commentary.

• READ
• save this article
• POSTED IN In the Press, Market commentary.

While Telstra’s share price is up about 80 per cent since the lows of Covid in 2020, the shares are trading at about where they were in 2003, and they are down 26 per cent from their 2015 highs and 45 per cent lower than their all-time highs in 1999.

Telstra has been a case study against investing for the long term, or maybe a case study in sticking to quality if you are going to invest for the long term. Time is the friend of the wonderful business, and the enemy of a business with poor economics. Continue…

by Roger Montgomery Posted in Companies, Technology & Telecommunications.

• save this article
• POSTED IN Companies, Technology & Telecommunications.

In a significant step toward revolutionising clean energy production, Rolls-Royce Small Modular Reactors (SMR) has inked a pivotal Memorandum of Understanding (MoU) with Czech engineering powerhouse Škoda JS.

At the heart of the initiative is Rolls-Royce’s innovative 470 megawatt-electric (MWe) pressurized water reactor design. Compact and efficient, each SMR module measures just 16 meters by 4 meters, yet generates low-carbon electricity equivalent to over 150 onshore wind turbines. Continue…

by Roger Montgomery Posted in Energy / Resources.

• save this article
• POSTED IN Energy / Resources.

In this week’s video insight, the focus is on Rolls Royce’s groundbreaking technology that could transform the green energy landscape. They have partnered with Skoda JS to manufacture components for a new 470-megawatt-electric pressurised water reactor, which is compact and capable of powering a million homes for sixty years – with zero emissions. As the world shifts towards more reliable energy sources, Rolls Royce’s advancements in nuclear technology promise a smarter, emission-free future. Continue…

by Roger Montgomery Posted in Video Insights.

• 2 Comments
• save this article
• 2
• POSTED IN Video Insights.

Parts of America’s industrial heartland are being transformed, and smokestacks and steel mills are being replaced by the scream of Graphic Proocessing Units (GPUs) housed inside concrete bunkers known as data centres. The transformation of parts of the U.S., such as Pennsylvania, is being mirrored globally as the world’s biggest tech names pour hundreds of billions into the physical infrastructure powering artificial intelligence. Continue…

by Roger Montgomery Posted in Investing Education, Market commentary.

• save this article
• POSTED IN Investing Education, Market commentary.

With markets hitting record highs, debt warnings echoing, and artificial intelligence (AI) reshaping everything, there’s plenty to unpack. Here’s a quick look at four key topics of investor conversations.

Ray Dalio’s debt warning and the case for gold and bitcoin

The billionaire founder of hedge fund leviathan Bridgewater Associates, Ray Dalio, is a man fond of predicting recessions and crises. His are a reminder that in order to be an accurate forecaster, you merely have to forecast often. Eventually, you’ll be right, just as a stopped clock is right twice a day. Continue…

by Roger Montgomery Posted in Companies, Market commentary.

• save this article
• POSTED IN Companies, Market commentary.