Tasmea's Acquisition Strategy Is Powering One of ASX's Biggest Rallies

Tasmea has emerged as one of the most compelling growth stories on the ASX backed by an exceptional acquisition-led business model along with disciplined capital allocation and a proven ability to integrate businesses while consistently growing earnings.

Tasmea Limited (ASX: TEA)

Tasmea Limited (ASX: TEA) on 25 June 2026 announced record FY27 earnings guidance as Underlying EBITA is expected to reach $202 million to $208 million and Underlying NPATA will be between $128 million and $132 million. The guidance will represent more than 70% year-on-year earnings growth and is a reflection of the company's highly successful acquisition driven strategy.

Tasmea at the time of writing has a market capitalisation of $2.43 billion and the share price has surged an impressive 52% over the past month which shows that investors are now recognising the company's exceptional growth trajectory ahead.

The stronger outlook is backed by more than 120 Master Services Agreements and management expects underlying organic growth from its existing businesses of 10% to 15% during FY27. 

Strong Financial Performance

The company in HY26 reported statutory revenue of $400.5 million which was up 62% year-on-year. Underlying revenue excluding WorkPac also increased 31% to $323.1 million which reflects solid business momentum.

Underlying EBIT rose 36% to $44.3 million because of strong performances across several segments and underlying NPAT increased 32% to $26.6 million.

The company also maintained a conservative balance sheet with net debt at only 0.45 times EBITDA and this will provide substantial capacity to fund future acquisitions without placing much pressure on the business.
Strategic Acquisitions Accelerate Future Growth

Tasmea on 2 June 2026 announced the transformational acquisition of Maxim Group for up to $254 million and this will significantly expand the company's exposure to high growth sectors such as data centres and Major Government Infrastructure.

The acquisition is expected to be approximately 31% earnings per share accretive. Maxim is forecast to contribute around $47 million of underlying EBIT and will position Tasmea as one of the largest specialist electrical contractors listed on the ASX.

The company on 24 June 2026 announced the acquisition of JPS Group for up to $75 million. This acquisition will improve Tasmea's presence across LNG along with gas and critical energy infrastructure while adding relationships with leading customers such as Chevron along with Shell and Woodside.

Tasmea also announced a fully franked special dividend of 10 cents per share. The payment returned approximately $26.2 million to shareholders while confirming that it would not affect future acquisition plans or FY27 growth ambitions.

Outlook

Tasmea will benefit from strong structural tailwinds across mining, resources, energy infrastructure, telecommunications, defence and data centres. These sectors provide a broad platform for sustainable long-term growth.

The company now operates one of Australia's largest portfolios of specialist industrial services businesses. Its position is supported by high recurring revenue and strong customer relationships.

Management believes recently acquired businesses will make meaningful earnings contributions throughout FY27. These businesses are also expected to create additional cross selling opportunities across the wider group.

(Source: Company Announcements)