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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 9:22AM
Price at Release
$3.750
Full Release
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Summary
Tasmea Limited's H1 FY26 results presentation highlights significant financial performance improvements across various segments. The Civil Segment saw a 57% revenue increase to $69 million, with a 92% rise in underlying EBIT to $13.9 million. Similarly, the Water and Fluid segment experienced an 11% EBIT increase, while the Mechanical segment saw a decline in EBIT despite a slight revenue increase. The company maintained strong cash conversion with 130% EBIT to operating cash flow conversion in H1 FY26. Tasmea continued its strategy of organic growth and programmatic acquisitions, achieving a 12% organic growth and executing multiple new Master Service Agreements (MSAs). The company also maintained a disciplined capital allocation framework, achieving high returns on capital employed and reducing net debt significantly. Tasmea forecasts a positive outlook with a strong pipeline for the second half of FY26.
Key Points
  • Civil segment revenue increased by 57% to $69 million.
  • Underlying EBIT for the Civil segment rose 92% to $13.9 million.
  • Mechanical segment revenue grew by 1%, but EBIT declined by 24%.
  • Water & Fluid segment EBIT increased by 11%.
  • 130% EBIT to operating cash flow conversion in H1 FY26.
  • 12% organic growth achieved in H1 FY26.
  • Multiple new MSAs executed, increasing total to over 100.
  • Significant reduction in net debt from $110.9 million to $67.8 million.
  • Continued execution of twin-pillar strategy: organic growth and programmatic acquisitions.
  • Positive outlook for 2H FY26 with strong revenue pipeline.
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.