diff --git a/esphome/components/graphical_layout/text_run_panel.cpp b/esphome/components/graphical_layout/text_run_panel.cpp
index 685c6a1751..b836bedf17 100644
--- a/esphome/components/graphical_layout/text_run_panel.cpp
+++ b/esphome/components/graphical_layout/text_run_panel.cpp
@@ -28,7 +28,7 @@ void TextRunPanel::dump_config(int indent_depth, int additional_level_depth) {
 void TextRunPanel::setup_complete() {
   if (!this->can_wrap_at_character_.has_value()) {
     ESP_LOGD(TAG, "No custom can_wrap_at_character provided. Will use default implementation");
-    this->can_wrap_at_character_ = [this](CanWrapAtCharacterArguments *args) {
+    this->can_wrap_at_character_ = [this](const CanWrapAtCharacterArguments &args) {
       return this->default_can_wrap_at_character(args);
     };
   }
@@ -102,7 +102,7 @@ CalculatedLayout TextRunPanel::determine_layout(display::Display *display, displ
       can_wrap_at_args.offset = i;
       can_wrap_at_args.character = text.at(i);
 
-      bool can_wrap = this->can_wrap_at_character_.value(&can_wrap_at_args);
+      bool can_wrap = this->can_wrap_at_character_.value(can_wrap_at_args);
       if (can_wrap) {
         ESP_LOGVV(TAG, "Can break at '%c'. String is '%s'", can_wrap_at_args.character, partial_line.c_str());
 
@@ -264,8 +264,8 @@ void TextRunPanel::apply_alignment_to_layout(CalculatedLayout *calculated_layout
   calculated_layout->bounds.h += total_y_offset;
 }
 
-bool TextRunPanel::default_can_wrap_at_character(CanWrapAtCharacterArguments *args) {
-  switch (args->character) {
+bool TextRunPanel::default_can_wrap_at_character(const CanWrapAtCharacterArguments &args) {
+  switch (args.character) {
     case ' ':
     case '\t':
     case '\n':
diff --git a/esphome/components/graphical_layout/text_run_panel.h b/esphome/components/graphical_layout/text_run_panel.h
index 3fc1e9c790..43c37c5dcb 100644
--- a/esphome/components/graphical_layout/text_run_panel.h
+++ b/esphome/components/graphical_layout/text_run_panel.h
@@ -37,8 +37,8 @@ class TextRun {
 
   TemplatableValue<std::string> text_{};
   display::BaseFont *font_{nullptr};
-  Color foreground_color_{display::COLOR_ON};
-  Color background_color_{display::COLOR_OFF};
+  Color foreground_color_{COLOR_ON};
+  Color background_color_{COLOR_OFF};
 };
 
 class CalculatedTextRun {
@@ -72,7 +72,7 @@ class TextRunPanel : public LayoutItem {
   void dump_config(int indent_depth, int additional_level_depth) override;
   void setup_complete() override;
 
-  bool default_can_wrap_at_character(CanWrapAtCharacterArguments *args);
+  bool default_can_wrap_at_character(const CanWrapAtCharacterArguments &args);
 
   CalculatedLayout determine_layout(display::Display *display, display::Rect bounds, bool apply_alignment);
   void apply_alignment_to_layout(CalculatedLayout *layout);
@@ -92,7 +92,7 @@ class TextRunPanel : public LayoutItem {
   display::TextAlign text_align_{display::TextAlign::TOP_LEFT};
   int min_width_{0};
   int max_width_{0};
-  TemplatableValue<bool, CanWrapAtCharacterArguments *> can_wrap_at_character_{};
+  TemplatableValue<bool, const CanWrapAtCharacterArguments &> can_wrap_at_character_{};
   bool debug_outline_runs_{false};
 };
 
diff --git a/esphome/components/graphical_layout/text_run_panel.py b/esphome/components/graphical_layout/text_run_panel.py
index 35021a7e9b..47ef3c1497 100644
--- a/esphome/components/graphical_layout/text_run_panel.py
+++ b/esphome/components/graphical_layout/text_run_panel.py
@@ -8,6 +8,10 @@ graphical_layout_ns = cg.esphome_ns.namespace("graphical_layout")
 TextRunPanel = graphical_layout_ns.class_("TextRunPanel")
 TextAlign = display_ns.enum("TextAlign", is_class=True)
 TextRun = graphical_layout_ns.class_("TextRun")
+CanWrapAtCharacterArguments = graphical_layout_ns.struct("CanWrapAtCharacterArguments")
+CanWrapAtCharacterArgumentsConstRef = CanWrapAtCharacterArguments.operator(
+    "const"
+).operator("ref")
 
 CONF_TEXT_RUN_PANEL = "text_run_panel"
 CONF_FONT = "font"
@@ -16,6 +20,7 @@ CONF_TEXT_ALIGN = "text_align"
 CONF_MAX_WIDTH = "max_width"
 CONF_MIN_WIDTH = "min_width"
 CONF_RUNS = "runs"
+CONF_CAN_WRAP_AT_CHARACTER = "can_wrap_at_character"
 CONF_DEBUG_OUTLINE_RUNS = "debug_outline_runs"
 
 TEXT_ALIGN = {
@@ -51,6 +56,7 @@ def get_config_schema(base_item_schema, item_type_schema):
             cv.Optional(CONF_TEXT_ALIGN): cv.enum(TEXT_ALIGN, upper=True),
             cv.Required(CONF_MAX_WIDTH): cv.int_range(min=0),
             cv.Optional(CONF_MIN_WIDTH, default=0): cv.int_range(min=0),
+            cv.Optional(CONF_CAN_WRAP_AT_CHARACTER): cv.returning_lambda,
             cv.Optional(CONF_DEBUG_OUTLINE_RUNS, default=False): cv.boolean,
             cv.Required(CONF_RUNS): cv.All(
                 cv.ensure_list(RUN_SCHEMA), cv.Length(min=1)
@@ -71,6 +77,14 @@ async def config_to_layout_item(pvariable_builder, item_config, child_item_build
     if text_align := item_config.get(CONF_TEXT_ALIGN):
         cg.add(var.set_text_align(text_align))
 
+    if can_wrap_at_character_config := item_config.get(CONF_CAN_WRAP_AT_CHARACTER):
+        can_wrap_at_character = await cg.process_lambda(
+            can_wrap_at_character_config,
+            [(CanWrapAtCharacterArgumentsConstRef, "args")],
+            return_type=cg.bool_,
+        )
+        cg.add(var.set_can_wrap_at(can_wrap_at_character))
+
     debug_outline_runs = item_config[CONF_DEBUG_OUTLINE_RUNS]
     if debug_outline_runs:
         cg.add(var.set_debug_outline_runs(debug_outline_runs))