Temple & Webster Group (ASX:TPW) reported an 18% increase in revenue for the period Jan. 1 to May 5 and now expects its fiscal 2025 earnings before interest, taxes, depreciation, and amortization to be at the top end of its guidance range of 1% to 3%, according to a Wednesday filing with the Australian bourse.

US-China trade tensions delivered a net benefit to the business, largely by driving down inbound shipping rates, which have fallen by about 20%, the company said.

Shares of the company fell almost 1% in recent Wednesday trade.