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Tamawood Limited (ASX:TWD)

ALERT: Price-sensitive ASX Announcement for TWD
Current share price for TWD : $2.550 -0.07 (-2.67%)+
Announcement
Release
17 Dec 2025 2:00PM
Price at Release
$2.620
Full Release
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Summary
Tamawood Limited has announced a likely 40% to 50% increase in profit for the first half of FY26. This projection follows a review by external auditors of their Work In Progress (WIP) calculation methodology, confirming the accuracy of the new software system in capturing WIP calculations for ongoing projects. The company's sales revenue has seen a significant increase of 36.5% over the five months leading up to 30 November, compared to the same period in the previous year, without a corresponding increase in operating costs. Consequently, the profit before tax for the first half of FY26 is expected to surpass the prior corresponding period's figure of $4.765 million. The company attributes the gains to improvements in productivity and quality across all departments, augmented by the introduction of AI-enabled components. Directors will remain in a trading blackout period until the release of the reviewed half-year financial results.
Key Points
  • 40% to 50% likely profit increase in first half FY26
  • 38.5% sales revenue increase reported for five months ending 30 November
  • No material increase in operating costs despite increased sales
  • Profit before tax expected to exceed $4.765 million from first half FY25
  • AI-enabled components contributing to productivity and quality
  • Directors in trading blackout until financial results release
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.