Key highlights

  • Tasmea reported FY26 revenue of $1,293.3 million, up 136%, and underlying EBITA of $118.1 million, up 54%, in its 27 August 2026 release.
  • The final dividend is 8.5 cents per share, fully franked, with full-year dividends of 14.5 cents excluding a 10.0 cent special dividend.
  • FY27 guidance was upgraded to underlying EBITA of $205–210 million and underlying NPATA of $130–133 million.

Tasmea Ltd (ASX:TEA) shares closed at $9.06, down 0.98%, on 21 October 2026. The S&P/ASX 200 Industrials [XNJ] index closed at 8,113.90, up 0.99% (79.50 points), while the S&P/ASX 200 [XJO] finished at 8,831.30, up 0.16% (14.40 points), as at 4:25 pm GMT+11. Tasmea is an Australian company that acquires and operates specialist industrial services businesses.

What Tasmea does

Tasmea Limited owns a group of specialist services businesses serving essential industries through maintenance and brownfield upgrade services under long-term master service agreements. It lists on the ASX in April 2024 and grows through programmatic acquisitions. The release refers to recent acquisitions including Maxim and JPS.

FY26 financial results

In an announcement dated 27 August 2026, Tasmea reported revenue of $1,293.3 million, up 136% from $547.9 million. Underlying EBITA was $118.1 million, up 54% and ahead of $117 million guidance, and underlying NPAT was $73.7 million, up 42%, ahead of $72.5 million guidance. Underlying EPS was 28.8 cents, up 27%. Reported EBIT was $115.3 million and reported NPAT was $71.3 million. Second-half underlying EBIT of $73.8 million was about 67% above the first half’s $44.3 million.

Cash flow, debt and dividends

Operating cash flow before interest and tax was $147.1 million, 125% of underlying EBIT, and free cash flow was $58.9 million, up 136%. Net debt was $59.6 million, down from $110.9 million, and net leverage was 0.4 times before the Maxim and JPS acquisitions. The final dividend is 8.5 cents per share, fully franked, taking full-year dividends to 14.5 cents excluding a special dividend of 10.0 cents.

FY27 guidance

Tasmea upgraded FY27 guidance to underlying EBITA of $205–210 million and underlying NPATA of $130–133 million, minimum growth of 74% and 76% on FY26. It cited a record order book of secured, recurring and tendered work.

Sector context

Industrial companies span transport, infrastructure, engineering, services and manufacturing, and they are tracked through the S&P/ASX 200 Industrials index, which closed at 8,113.90, up 0.99%, on 21 October 2026 alongside a 0.16% rise in the S&P/ASX 200 to 8,831.30. Maintenance and industrial services demand depends on resource, energy and infrastructure customers, and acquisitive groups rely on integrating purchased businesses.

Risks and uncertainties

FY27 guidance depends on the contribution of acquisitions that have only recently been added, and integration of businesses can be difficult. Revenue growth of 136% reflects acquisitions as well as organic activity. Net leverage was reported before the Maxim and JPS acquisitions, so debt will rise. Customer demand, labour availability and margins can affect outcomes.

Catalysts to watch

Items to watch include integration of Maxim and JPS, further acquisitions, order book conversion and the first-half FY27 result.

Closing perspective

Tasmea’s 27 August 2026 release reported higher revenue, earnings and dividends and an upgraded FY27 outlook. Later results will show how the acquired businesses contribute.