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Tasmea Ltd. ( (AU:TEA) ) has provided an update.
Tasmea Ltd., a diversified provider of specialist maintenance and labour hire services across multiple essential industries in Australia, runs a network of 26 interlinked businesses servicing fixed plant assets and critical infrastructure. Its customers span blue-chip asset owners in mining, energy, defence, infrastructure, utilities, and other essential service sectors.
At its Extraordinary General Meeting on 17 March 2026, Tasmea reported that all resolutions were passed by poll, clearing the way for its current strategic and operational plans to proceed. Management reaffirmed FY26 guidance of $117 million in underlying EBIT and $72.5 million in NPAT, and highlighted that the integration of recent acquisition WorkPac is progressing well, with the business currently trading ahead of forecast, underscoring stronger-than-expected operational momentum.
The most recent analyst rating on (AU:TEA) stock is a Hold with a A$4.50 price target. To see the full list of analyst forecasts on Tasmea Ltd. stock, see the AU:TEA Stock Forecast page.
More about Tasmea Ltd.
Tasmea Ltd. operates 26 interdependent Australian specialist trade skill service businesses that focus on essential shutdowns, programmed maintenance, emergency breakdowns, brownfield upgrades of fixed plant, and labour hire. The group provides outsourced maintenance and labour services to asset owners in sectors including mining and resources, oil and gas, defence, infrastructure, power and renewable energy, telecommunications, retail, aged care, waste, and water.
Average Trading Volume: 648,357
Technical Sentiment Signal: Buy
Current Market Cap: A$1.01B
For detailed information about TEA stock, go to TipRanks’ Stock Analysis page.