Highlights

  • Tasmea released FY27 earnings guidance following completion of its budgeting process.
  • The company expects FY27 Underlying EBITA of AUD 202 million to AUD 208 million.
  • Underlying NPATA is forecast between AUD 128 million and AUD 132 million.
  • Guidance represents forecast earnings growth of more than 70% compared with FY26.
  • Outlook is supported by a record order book, more than 120 Master Services Agreements and acquisitions completed or announced during FY26.

Tasmea Limited (ASX:TEA) has outlined its earnings expectations for the financial year ending 30 June 2027, providing record guidance following completion of its FY27 budgeting process. The company expects substantial year-on-year earnings growth, supported by a record contracted order book at the start of the new financial year, an expanding base of long-term customer agreements and contributions from recently announced acquisitions.

Tasmea shares were trading at AUD 9.30 during the afternoon session on 25 June 2026, down 3.58% for the day. Despite the decline, the stock remains up 148.80% over the past twelve months.

About Tasmea

Tasmea Limited owns and operates a portfolio of 28 specialist trade services businesses across Australia. While each business operates independently, they work together across the broader group to deliver specialist maintenance, shutdown, labour hire, emergency response and brownfield upgrade services. The company supports customers operating essential assets across industries including mining and resources, oil and gas, infrastructure, power and renewable energy, telecommunications, defence, data centres, retail facilities, aged care, waste and water.

Record FY27 Earnings Outlook

The centrepiece of Tasmea's latest market update is its earnings guidance for FY27.

The company expects Underlying Earnings Before Interest, Tax and Amortisation (EBITA) to be in the range of AUD 202 million to AUD 208 million.

Underlying Net Profit After Tax and Amortisation (NPATA) is forecast between AUD 128 million and AUD 132 million.

According to the company, these forecasts represent expected earnings growth of more than 70% compared with FY26.

Tasmea noted that both Underlying EBITA and Underlying NPATA exclude non-underlying items together with the non-cash amortisation impact relating to acquired customer contracts arising from its programmatic acquisitions.

Twin-Pillar Strategy Continues to Shape Growth

The company attributed its FY27 outlook to continued execution of its long-term growth strategy, which combines organic business expansion with programmatic acquisitions.

Management said both components continue to contribute to the company's earnings profile.

The guidance assumes a full twelve-month earnings contribution from the Maxim Group acquisition, which has become unconditional and is expected to settle on 1 July 2026.

It also incorporates an estimated eleven-month contribution from JPS Group, with settlement expected on or around 1 August 2026, subject to customary conditions, including approval under Australia's mandatory merger control framework administered by the Australian Competition and Consumer Commission (ACCC).

Consistent with previous practice, the company confirmed that the FY27 guidance excludes any contribution from acquisitions that have not yet been announced.

Long-Term Customer Agreements Support Outlook

Tasmea highlighted the expansion of its recurring revenue base as one of the factors underpinning its earnings expectations.

Following recent acquisitions and organic customer growth, the company now has more than 120 Master Services Agreements, Facilities Management Agreements and other long-term contracts across its operations.

Management said these agreements contribute to forward earnings visibility while supporting recurring revenue across multiple industry sectors.

The company also pointed to increasing collaboration across its national network of specialist businesses, enabling revenue opportunities to be shared across the broader group.

Record Order Book Provides Forward Visibility

Another feature of the announcement was the company's record contracted order book entering FY27.

Tasmea said the order book provides favourable visibility over future activity and supports expectations for continued organic earnings growth during the financial year.

The company also noted that demand continues to be supported by activity across several industries in which it operates, including mining and resources, oil and gas, infrastructure, data centres, electrification, power and renewables, telecommunications, defence, waste and water.

These sectors continue to represent the core markets served by Tasmea's specialist trade services businesses.

Organic Growth and Recent Acquisitions

In addition to acquisition-related contributions, Tasmea expects its existing operations to continue expanding during FY27.

The company forecasts underlying organic growth of between 10% and 15% compared with FY26 across its existing businesses.

Management also expects FY27 to benefit from the first full-year earnings contribution from WorkPac following its acquisition.

Alongside this, earnings from Maxim Group and JPS Group are expected to contribute to the group's financial performance based on the assumed completion dates outlined in the guidance.

Together, these businesses form part of Tasmea's broader acquisition strategy aimed at expanding its specialist service offering across Australia.

FY26 Guidance Reconfirmed

While introducing FY27 expectations, Tasmea also reaffirmed the FY26 guidance previously released to the market on 24 June 2026.

The company did not announce any changes to those earlier expectations, instead confirming that its previously issued guidance remains in place.

Management Commentary

Managing Director and Founder Stephen Young said the FY27 guidance reflects the continued progress of the business and acknowledged the contribution of employees across the organisation.

He also highlighted the company's ongoing focus on safety and operational delivery while noting that Tasmea's Executive Directors have collectively reinvested more than AUD 50 million in the business since its initial public offering.

According to Mr Young, the reinvestment reflects management's confidence in the company's strategy, outlook and long-term direction.

What Investors May Watch Next

Following the release of FY27 guidance, investors are likely to monitor the delivery of the earnings ranges outlined by management together with progress on recently announced acquisitions.

Market participants may also watch settlement of the JPS Group acquisition, ongoing organic growth across the existing business portfolio and the company's ability to convert its record contracted order book into revenue during FY27.

The company has also indicated that its guidance currently excludes any contribution from future acquisitions beyond those already announced during FY26.