Key Highlights

  • Tasmea (ASX:TEA) closed at $8.90 on 6 November 2026, down 2.20%, while the S&P/ASX 200 Industrials index fell about 0.02%.
  • FY26 Revenue rose 136% to $1,293.3 million and underlying EBITA rose 54% to $118.1 million, ahead of guidance.
  • FY27 underlying EBITA guidance was upgraded to $205 million to $210 million.

Tasmea Limited (ASX:TEA) closed at $8.90 on 6 November 2026, down 2.20% for the trading session. The S&P/ASX 200 Industrials index (XNJ) closed at 8,421.00, down 1.80 points or about 0.02% over the same session. The S&P/ASX 200 finished at 9,020.80, up 0.49%, and the All Ordinaries closed at 9,144.70, up 0.66%. Tasmea is an ASX-listed group that has grown through acquisitions and contract-based services, and it listed on the ASX in April 2024.

Latest Developments

FY26 Full-Year Results and FY27 Guidance Upgrade (27 August 2026)

Tasmea released its FY26 full-year results on 27 August 2026. Revenue rose 136% to $1,293.3 million, compared with $547.9 million in FY25. Underlying EBITA reached $118.1 million, up 54%, and was ahead of FY26 guidance of $117 million. Underlying NPAT increased 42% to $73.7 million, which was also ahead of guidance of $72.5 million.

Operating cash flow before interest and tax rose 126% to $147.1 million, representing 125% conversion of underlying EBIT. Free cash flow was $58.9 million, up 136%. Net Debt fell to $59.6 million from $110.9 million a year earlier, and net Leverage was 0.4 times before the Maxim and JPS acquisitions.

The company upgraded FY27 guidance to underlying EBITA of $205 million to $210 million. It said it has a record order book of secured, recurring and tendered work, with visibility over more than 90% of its revenue pipeline at this early stage of the year.

Dividends (27 August 2026)

The final fully franked Dividend was 8.5 cents per share, up 42%. Full-year fully franked dividends were 14.5 cents per share, excluding a 10.0 cent special dividend, up 32% on FY25 excluding the prior year's special dividend.

About the Company

Tasmea operates as a multi-service group, growing both organically and through acquisitions. The release refers to its Maxim and JPS acquisitions as part of its growth strategy. Its work includes contract-based services for clients in the infrastructure and industrial sectors.

Sector Context

Contract services businesses often depend on tender outcomes and the mix of recurring maintenance work and project work. Acquisitions can add scale quickly, but integration and the performance of acquired businesses are important to outcomes over time. The company said total Shareholder returns since its April 2024 listing were 523%, including dividends.

Risks to Watch

Revenue more than doubled in FY26 compared with FY25, so the rate of growth may be harder to repeat in future periods. Future growth will depend on integrating acquired businesses and winning new work.

Net leverage will rise if further acquisitions are made, and the company's Earnings depend on maintaining project margins and cash conversion.

Catalysts on Watch

Delivery against the FY27 guidance of underlying EBITA of $205 million to $210 million is the main item to track. Progress on the Maxim and JPS acquisitions and the conversion of the record order book into revenue will also be relevant.

Closing Remarks

Tasmea reported a sharp increase in revenue and profit for FY26, with results ahead of guidance and an upgraded FY27 outlook. Its shares closed at $8.90 on 6 November 2026, down 2.20%. The company's future updates will show how the order book and acquisitions contribute to its results.