• Revenue up 62.4% to A$400.5m
• Underlying EBIT up 35.8% to A$44.3m
• Interim dividend up 20% to 6.0 cents per share

Tasmea Limited (ASX: TEA) has announced its financial results for the half year ended 31 December 2025, delivering strong underlying earnings growth, record revenue, and continued balance sheet de-risking. The company's revenue increased 62.4% to A$400.5 million, reflecting strong organic growth across its Electrical and Civil segments, as well as contributions from recent acquisitions. Underlying EBIT increased 35.8% to A$44.3 million, with an underlying EBIT margin of 13.5%. Organic EBIT growth, excluding acquisitions, was approximately 12%. Statutory EBIT increased 12.4% to A$40.0 million, and statutory NPAT was A$22.3 million. Tasmea generated operating cash flow before interest and tax of A$74.9 million, with underlying operating cash conversion at 130% of EBIT. Net debt (excluding property leases) reduced to A$67.8 million at 31 December 2025, and pro forma gearing (Net Debt / EBITDA) reduced to approximately 0.45x. The company has declared a fully franked interim dividend of 6.0 cents per share, up 20% on the prior corresponding period.

Tasmea has reconfirmed full year FY26 underlying guidance of A$117 million EBIT (+57% YoY) and A$72.5 million NPAT (+37% YoY), supported by record secured revenue for the second half.

Organic growth is expected to accelerate in the second half of FY26, supported by recent Master Services Agreement wins and improved labour availability through the WorkPac acquisition. Tasmea remains focused on disciplined execution of its twin pillar strategy of organic growth and programmatic acquisitions, underpinned by high cash conversion and a low-risk, maintenance-led business model.