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Tasmea Limited (ASX:TEA)

ALERT: Price-sensitive ASX Announcement for TEA
Current share price for TEA : $9.570 5.82 (155.20%)+
Announcement
Release
24 Feb 2026 9:16AM
Price at Release
$3.750
Full Release
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Summary
Tasmea Limited announced its H1 FY26 financial results, showing strong earnings growth with revenue increasing by 62.4% to A$400.5 million and an underlying EBIT increase of 35.8% to A$44.3 million. This was driven by organic growth in its Electrical and Civil segments, and contributions from acquisitions such as Flanco and Vertex. The acquisition of WorkPac added A$77.3 million in revenue for December alone. Underlying NPAT rose 31.8% to A$26.5 million. The company reduced its net debt to A$67.8 million, supported by operating cash flow before interest and tax of A$74.9 million. The interim dividend increased to 6.0 cents per share. Tasmea plans to continue its strategy of organic growth paired with programmatic acquisitions, confident in its full-year guidance of A$117 million EBIT and A$72.5 million NPAT.
Key Points
  • Revenue increased by 62.4% to A$400.5 million.
  • Underlying EBIT increased by 35.8% to A$44.3 million.
  • Record secured revenue supports FY26 guidance of A$117 million EBIT and A$72.5 million NPAT.
  • WorkPac acquisition contributed A$77.3 million to December's revenue.
  • Net debt reduced to A$67.8 million with strong cash flow.
  • Interim dividend increased to 6.0 cents per share.
  • Organic growth and programmatic acquisitions remain strategic priorities.
  • Strong earnings growth driven by Electrical and Civil segments.
IMPORTANT NOTE: This information is autogenerated and has not been reviewed for accuracy or completeness. You should refer to the full announcement here for further information.