Tasmea has forecast a $70 million net profit after tax for FY26 – up 34 per cent year-on-year – as it scales its national footprint.
Tasmea has forecast a $70 million net profit after tax for FY26 – up 34 per cent year-on-year – as it scales its national footprint.
In a market announcement on Tuesday, the Jandakot-based firm said it expected next financial year’s earnings before interest and tax to reach $110 million – up 45 per cent on its FY25 forecasts.
The company also reaffirmed its profit guidance of $52 million for the current financial year, citing strong demand across Australia’s mining, energy and infrastructure sectors.
Founder Stephen Young said the outlook placed the company ahead of its long-term incentive plan targets and highlighted Tasmea’s “disciplined strategic execution” and stable recurring revenue base.
“This is only possible thanks to the outstanding efforts of our people across the country,” Mr Young said.
Since debuting on the ASX in April 2024, Tasmea has pursued an aggressive acquisition strategy, most recently acquiring Vertex Power & Process and VTX Group Services for a total consideration of $11.25 million.
The deal, finalised earlier this month, marked Tasmea’s push into high-voltage and portable energy services across eastern Australia.
It followed the $84.5 million buyout of WA-based Future Engineering Group in August 2024, which added powerline infrastructure and telecommunications capabilities to its portfolio.
Tasmea now owns and operates 25 specialist trade service businesses, with revenues underpinned by long-term maintenance contracts in industries such as mining, defence, power and water.
According to its IPO prospectus, nearly half of the company’s 1,400-strong workforce is based in WA, and the mining sector alone contributes more than 60 per cent of group revenue.
Tuesday’s announcement also noted that more than 100 employees now participate in the company’s long-term incentive scheme, while the executive team has collectively reinvested more than $30 million in the business since its listing.
Tasmea said it would focus on service integration and acquisition opportunities heading into FY26.
