Highlights

• Tasmea increased FY26 Revenue 136% to approximately AUD 1.29 billion following substantial expansion of its industrial services businesses.

• Underlying EBIT rose 54% to AUD 118.1 million, ahead of the stated AUD 117 million forecast.

• The company upgraded FY27 underlying EBITA guidance to AUD 205 million–210 million in August 2026.

• Tasmea reported Operating Cash Flow of AUD 147.1 million and declared an 8.5-cent fully franked final dividend.

Acquisitions and a larger specialist services operation have changed the scale of Tasmea Limited (ASX:TEA). After FY26 revenue more than doubled, the industrial services group raised its FY27 guidance and continued focusing on engineering, maintenance and sustaining Capital work.

Market Setting

Tasmea shares were higher on Wednesday 11 November 2026, up about 4.2% to roughly AUD 9.85 around 2:40pm AEDT on Volume of about 347,000 shares. No price-sensitive announcement was lodged today. The company’s most recent filings, from 5 November, were director interest notices and a Dividend update, so the rise coincides with a stock that has had a strong year rather than with fresh news. The ASX research data shows a 52-week range of AUD 3.20 to AUD 11.77.

Business and Operations

Tasmea, based in Dulwich, South Australia, and listed in April 2024, describes itself as a provider of maintenance, engineering and sustaining capital services. It grows through a programme of acquiring specialist businesses, which it says supplies recurring work to customers in mining, resources, infrastructure and energy.

FY26 Operating Results

Tasmea reported its FY26 result on 27 August 2026. that revenue rose 136% to AUD 1,293.3 million, underlying EBIT rose 54% to AUD 118.1 million, ahead of a AUD 117 million forecast, and underlying net profit after tax rose 42% to AUD 73.7 million.

Operating cash flow rose 126% to AUD 147.1 million. A final fully Franked Dividend of 8.5 cents per share was declared, and full-year dividends excluding specials rose 32%. Net Debt to pro-forma EBITDA was 0.4 times at year end.

By segment, electrical EBIT rose 33% to AUD 50.2 million and civil EBIT rose 81% to AUD 32 million. Workforce solutions contributed after the December 2025 Acquisition of WorkPac. The company put organic EBIT growth at 18%.

Guidance and outlook

Alongside the result, Tasmea upgraded its FY27 guidance. It now expects underlying EBITA of AUD 205 million to AUD 210 million and NPATA of AUD 130 million to AUD 133 million. Management said about 90% of its revenue pipeline was secured, recurring or under tender, and that further acquisitions were in the pipeline. Founder and managing director Stephen Young said Demand for its specialist services was as high as it had ever experienced.

These are the company’s own forecasts, and they depend heavily on integrating acquired businesses and winning contracts.

Recent filings

On 19 October Tasmea lodged its 2026 Annual Report and notice of annual general meeting, and on 21 October a conference presentation. On 5 November it lodged an application for Quotation of securities, an update to its dividend notice and several director interest notices. director-transaction records show directors were Issued Shares under the Dividend reinvestment plan on 30 October at about AUD 10.32.

Key Operating Considerations

Acquisition-led growth carries integration risk, and the revenue jump partly reflects acquired businesses. Workforce solutions and labour-hire exposure add cyclicality to earnings. The shares have been volatile: them up about 134% in 2026 to date, but down about 6% over the past month, and the Market Value of about AUD 2.7 billion leaves expectations high. Guidance can be missed, and a company that grows by acquisition depends on continued access to deals at sensible prices and on funding them.

Next Business Milestones

the Annual General Meeting as expected on 18 November 2026, which is consistent with the October notice of meeting, and the interim result as forecast for around 23 February 2027. Both dates come from ’s calendar rather than a company statement reviewed here, and should be treated as indicative. Tasmea has said it will continue its acquisition programme and pursue contract wins in data centres, Mining and infrastructure.