Tasmea Limited · ASX:TEA
Tasmea — FY2026 Earnings Presentation
28 slides from Tasmea's earnings presentation, Aug 27, 2026
Slide 1: Tasmea Limited FY26 Results Presentation
Tasmea Limited FY26 Results Presentation AUGUST 2026
Slide 2: Executive Summary: FY26 Results
Executive Summary: FY26 Results Underlying EBIT Underlying NPAT Delivering Shareholder Returns 28.8 cps EPS $118.1m $73.7m 8.5cps Final Dividend ▪ Exceeded FY26 guidance of $72.5m ▪ Exceeded FY26 guidance of $117m ▪ +27% Underlying EPS growth vs 22.6cps in FY25 ▪ +42% growth vs $51.7m in FY25 ▪ +54%
Slide 3: FY26 financial highlights
FY26 financial highlights Key financial performance highlights Unit FY26 FY25 Change Revenue $m 1,293.3 547.9 136% Underlying EBITA $m 118.1 76.5 54% Underlying EBIT $m 118.1 76.5 54% Underlying NPAT $m 73.7 51.7 42% Underlying EPS cps 28.8 22.6 27% Dividends excl. special cps 14.5 11.0 32% Underlyi
Slide 4: FY26 financial performance
FY26 financial performance A year of strong delivery, especially 2H26 executing our twin pillar growth strategy: organic growth + programmatic acquisitions ✓ Strong organic growth delivered of 18.1% in FY26 vs FY25, accelerating in 2H26 UNDERLYING EBIT ($M) & EBIT MARGIN (%) 1H vs 2H FY26 ✓ Delivere
Slide 5: Execution Delivery: Strong & consistent growth
Execution Delivery: Strong & consistent growth COMPOUNDING SHAREHOLDER VALUE, DELIVERING TSR OF 523% since IPO April 2024 Continuing to execute our twin pillar growth strategy: organic growth + programmatic acquisitions, maintaining our culture in order to deliver compounding shareholder returns: ✓
Slide 6: High cash conversion
High cash conversion OPERATING CASH CONVERSION Unit FY26A FY25A Change 101% average since IPO 125% Operating cash flow (before interest & tax) $m 147.1 65.2 126% Investing cash flow $m (42.3) (77.2) 45% Financing cash flow $m (2.2) 25.9 (108%) 92% 85% Net increase/(decrease) in cash $m 46.6 (4.8) Un
Slide 7: Strong balance sheet, with capacity to fund growth
Strong balance sheet, with capacity to fund growth Programmatic Acquisition Pipeline • A number of specialist programmatic acquisition opportunities under live negotiation. FY27 guidance only reflects announced or completed acquisitions to date. Capacity to fund programmatic acquisitions remains str
Slide 8: Australian Data Centre Supply Outlook
Australian Data Centre Supply Outlook DC Byte forecasts Data Centre operational capacity growth of 128% by 2030 vs 2025; Victorian capacity to grow at a 22% CAGR in the 5 years to 2030 Maxim has won 2 new data centre AUSTRALIAN DATA CENTRE CAPACITY OUTLOOK (GW) 3.2 GW contracts in Victoria with exis
Slide 9: Where our major customers are spending
Where our major customers are spending BHP and Rio Tinto have guided to ~US$22 billion of combined annual capital expenditure, of which ~US$15 billion is sustaining and replacement capex on existing operating assets. 12 AUSTRALIA FOCUSSED SPEND (OUR CORE MARKETS) Capital expenditure (US$bn) ~3 BHP ~
Slide 10: Australian Oil & Gas Industry
Australian Oil & Gas Industry Industry snapshot — 10 producing LNG facilities operating across WA, the NT and Queensland - a significant, recurring operations & maintenance market >A$300bn Capex on LNG projects last 20 years Significant long-term infrastructure investment 88 mtpa Australian nameplat
Slide 11: Our Compounding Strategy is Delivering Value
Our Compounding Strategy is Delivering Value Twin pillar, high growth model, continuing to generate significant shareholder value, including +523% TSR since IPO 1 2 3 4 5 ACQUIRE RETAIN LEADERSHIP GROW EARNINGS GENERATE CASH RE-INVEST CAPITAL Buy #1 or #2 specialist Founder leadership, brand Organic
Slide 12: Founder-led, management-shareholder alignment
Founder-led, management-shareholder alignment ▪ Tasmea is led by its Founder Directors who collectively own ~54% of Tasmea & are aligned with shareholders ▪ Strategically aligned senior management team with >90 employees included to participate in LTI plan ▪ Executive Director Jason Pryde expected t
Slide 13: Conversion of FY27 pipeline
Conversion of FY27 pipeline Highest level of revenue pipeline visibility this early into the financial year, experiencing record demand for our portfolio of specialist trade services businesses FY27 REVENUE PIPELINE (CURRENT VS GUIDANCE ISSUED 25 JUNE 2026) HIGHEST LEVEL OF VISIBILITY SINCE INCEPTIO
Slide 14: Strong Outlook: Upgrading FY27 Guidance
Strong Outlook: Upgrading FY27 Guidance ✓ De-risking FY27 earnings through contract wins & pipeline conversion from tendered to secured ✓ Organic growth accelerated through 2H FY26, and a strong start to FY27 DEMAND IS STRONG – NAMED WINS FY27 UNDERLYING EBITA GUIDANCE UPGRADED Electrical +74% ✓ Max
Slide 15: Appendices
Appendices FY26 Results Presentation Appendices AUGUST 2026
Slide 16: Diversified specialist segments revenue exposure
Diversified specialist segments revenue exposure • Increased exposure to key growth thematics in Data Centres & Infrastructure via Maxim acquisition with strong pipeline & data centre contract conversion • Copper exposure increased with recent BHP contract wins announced and strong pipeline • Oil &
Slide 17: Electrical segment performance
Electrical segment performance HIGHLIGHTS • A strong FY26 delivered across our electrical segment, UNDERLYING EBIT AND MARGIN ($M) with growth driven by electrification demand, services to mining, resources and infrastructure industries, with 120 revenue increasing 35% in FY26 vs FY25 to $302m 110.0
Slide 18: Civil segment performance
Civil segment performance HIGHLIGHTS • Revenue increased by 41% to $146m with the UNDERLYING EBIT AND MARGIN ($M) integration of Flanco into the Group 40 • Underlying EBIT increased by +81% to $32.0m with strong performance by Flanco in the 35.5 35 period, which achieved its outperformance 32.0 acqu
Slide 19: Mechanical segment performance
Mechanical segment performance HIGHLIGHTS • Revenue grew by 8% YOY to $157m in FY26, whilst UNDERLYING EBIT AND MARGIN ($M) Underlying EBIT increased 9% to $17.6m • GMS had a stronger 2H26 performance notwithstanding the forecast rig sale did not occur 35 in Q4 FY26, however pleasingly, it has enter
Slide 20: Water and fluid segment performance
Water and fluid segment performance HIGHLIGHTS • Revenues decreased by 9% in FY26 driven by UNDERLYING EBIT AND MARGIN ($M) Fabtech, offset by strong performance in AusPress and Laptek 14 • Underlying EBIT increased 19% year on year to $10.3m in FY26 driven by AusPress and Laptek 12 11.5 performance
Slide 21: Workforce solutions segment performance
Workforce solutions segment performance HIGHLIGHTS • WorkPac delivered Gross Revenue for the 7 months of UNDERLYING EBIT ($M) Tasmea ownership of $619m, and after wages pass through costs, generated Net Revenue of $53.4m 25 • EBIT Margin as a % of Net Revenue for the 7 months of FY26 was 14.9% 19.5
Slide 22: Consistent & sustainable shareholder dividend policy
Consistent & sustainable shareholder dividend policy The Board remains committed to a disciplined 8.5c +32% capital allocation framework balancing sustainable dividends with reinvestment in organic growth & programmatic acquisitions 24.5 Fully Franked Year on Year Total Dividend 23.0 Final FY26 Divi
Slide 23: Reconciliation of Reported to Underlying earnings
Reconciliation of Reported to Underlying earnings FY26 FY25 Variance $m $m % Reported EBIT 115.3 74.4 55% Amortisation of acquired intangible assets (a) 1.4 0.8 Reported EBITA 116.7 75.2 55% Derivative fair value losses/(gains) (b) (7.5) (6.9) Share based payments (c) 5.0 2.0 Business acquisition co
Slide 24: Reconciliation of Reported to Underlying earnings
Reconciliation of Reported to Underlying earnings Notes: (a) Amortisation of customer contracts recognised on the acquisition of businesses. Excluded from EBITA and NPATA because the charge arises from acquisition accounting rather than from the trading performance of the businesses acquired and is
Slide 25: Specialist trade skilled services operating segments
Specialist trade skilled services operating segments ELECTRICAL WORKFORCE 18 yrs 4 yrs 25 yrs 10 yrs 21+ yrs 19 yrs 13 yrs 30 yrs SOLUTIONS MECHANICAL 10 yrs 29 yrs 9 yrs 12 yrs 16 yrs 10 yrs 8 yrs 15 yrs CIVIL 12 yrs 4 yrs 2 yrs 10 yrs Existing customers WATER & FLUID 19 yrs 5 yrs 36 yrs 29 yrs 10
Slide 26: Health, Safety & Wellbeing Performance
Health, Safety & Wellbeing Performance Safety Culture Talent Retention & Attraction High Safety Performance Operational Reliability Strong Client Relationships Recurring Revenue Retention TRIFR Safety is a top priority across all Tasmea subsidiary’s operations • 2.82 TRIFR in FY26 excluding WorkPac
Slide 27: DELIVERING VALUE. ALWAYS!
DELIVERING VALUE. ALWAYS! Driven by the principle of “Delivering Value. Always!”, our core values are the foundation of our culture and guide decision-making and interactions with customers, employees and partners across the group PEOPLE SAFETY EXCEPTIONAL SKILL People are our greatest asset. We emp
Slide 28: Important notice
Important notice • This document has been prepared by Tasmea Limited (ABN 22 088 588 425) (“Tasmea” or “the Company”). No other party other than Tasmea has authorised or caused the issue of this document, or takes responsibility for, or makes any statements, representations or undertakings in this d