Top Page
Tasmea Ltd.
(Sydney:TEA)
Tasmea Ltd. (TEA) vs. iShares MSCI Australia ETF (EWA)
Tasmea Ltd. Business Overview & Revenue Model
Tasmea Ltd. Financial Statement Overview
| Breakdown | TTM | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 547.91M | 547.91M | 400.00M | 319.98M | 244.81M | 170.63M |
| Gross Profit | 159.80M | 159.80M | 114.01M | 82.38M | 52.21M | 40.28M |
| EBITDA | 78.21M | 78.21M | 55.46M | 39.01M | 27.73M | 20.33M |
| Net Income | 53.07M | 53.07M | 30.35M | 19.47M | 13.63M | 9.78M |
Balance Sheet | ||||||
| Total Assets | 493.56M | 493.56M | 290.87M | 191.77M | 175.25M | 144.21M |
| Cash, Cash Equivalents and Short-Term Investments | 20.31M | 20.31M | 25.13M | 17.01M | 22.67M | 11.40M |
| Total Debt | 140.32M | 140.32M | 65.67M | 57.46M | 53.80M | 46.73M |
| Total Liabilities | 308.19M | 308.19M | 159.51M | 117.91M | 116.38M | 94.73M |
| Stockholders Equity | 185.37M | 185.37M | 131.23M | 73.71M | 58.87M | 49.48M |
Cash Flow | ||||||
| Free Cash Flow | 31.53M | 31.53M | 20.82M | -11.01M | -3.70M | 15.51K |
| Operating Cash Flow | 46.49M | 46.49M | 43.00M | 18.45K | 22.10K | 16.23K |
| Investing Cash Flow | -77.16M | -77.16M | -54.83M | -15.63M | -7.40M | -1.34K |
| Financing Cash Flow | 25.86M | 25.86M | 19.95M | -8.49M | -3.43M | -9.26K |
Tasmea Ltd. Technical Analysis
Tasmea Ltd. Peers Comparison
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
76 Outperform | AU$662.27M | 20.77 | 16.18% | 3.01% | 45.23% | 43.94% | |
73 Outperform | AU$1.10B | 30.65 | 25.18% | 0.60% | 36.30% | 82.20% | |
71 Outperform | AU$702.93M | 20.23 | 50.61% | 5.31% | 12.96% | 8.19% | |
71 Outperform | AU$1.08B | 17.87 | 33.52% | 5.54% | 36.98% | 67.41% | |
67 Neutral | AU$1.14B | 30.25 | 7.98% | 1.80% | 1.81% | -23.89% | |
66 Neutral | AU$1.85B | 36.82 | 13.62% | 1.85% | 23.76% | 21.18% | |
63 Neutral | $10.79B | 15.43 | 7.44% | 2.01% | 2.89% | -14.66% |
Tasmea Ltd. Corporate Events
Tasmea Limited presented at the Taylor Collison Electrical/Defence Conference in Adelaide, highlighting its role in providing specialized maintenance and labour hire services to essential industry sectors. This presentation underscores Tasmea’s strategic positioning in the market, reinforcing its commitment to supporting blue-chip asset owners across multiple industries, which could enhance its operational footprint and stakeholder value.
Tasmea Ltd. has completed the acquisition of WorkPac Group Pty Ltd, a move expected to bolster its capabilities in recruiting skilled labor rapidly and at scale, addressing the growing demand in sectors like mining, infrastructure, and defense. This acquisition is structured to be capital light and value accretive, with WorkPac operating as an independent segment, promising significant revenue and cost synergies. The acquisition is anticipated to enhance Tasmea’s operational efficiency and expand its market reach, providing a competitive edge in meeting large-scale labor requirements.
Tasmea Ltd. has issued 5,000,000 fully paid ordinary shares as part of its acquisition of WorkPac Group Pty Ltd. This move is aimed at enhancing its market position and is executed without disclosure to investors under specific provisions of the Corporations Act, ensuring eligibility for secondary trading without further disclosure.
Tasmea Ltd. has announced the issuance of 5,000,000 ordinary fully paid securities, which are set to be quoted on the Australian Securities Exchange (ASX) under the code TEA. This move is part of a previously announced transaction and could potentially enhance the company’s market presence and liquidity, impacting stakeholders by increasing the available shares for trading.
Tasmea Ltd. has announced a change in the director’s interest notice, specifically involving Stephen Elliott Young. The change involves an acquisition of 222,399 ordinary shares by Port Tack Pty Ltd, a trustee for Aquarius Investments Super Fund, in which Mr. Young is a director and shareholder. This transaction, valued at $999,863, was conducted through an on-market purchase, reflecting an increase in Mr. Young’s indirect interest in the company.
Tasmea Limited announced that all resolutions were passed at their 2025 Annual General Meeting, indicating strong support from stakeholders. This outcome is likely to positively impact the company’s operations and reinforce its position in the essential services industry, benefiting its blue-chip customer base.
Tasmea Limited has announced an investor briefing regarding its acquisition of WorkPac, which will be hosted by Managing Director Stephen Young and Executive Director Mark Vartuli. The briefing, scheduled for November 19, 2025, will provide insights into the acquisition’s impact on Tasmea’s operations and industry positioning, potentially strengthening its service offerings and market reach.
Tasmea Ltd. has announced its acquisition of WorkPac Group Pty Ltd for up to A$60.7 million, with the transaction expected to settle around December 1, 2025. This strategic acquisition aims to enhance Tasmea’s recruitment capabilities and expand its market reach, particularly in under-served regions. The integration of WorkPac is anticipated to provide operational synergies, cross-selling opportunities, and strengthen Tasmea’s ability to execute large-scale projects. The acquisition is expected to be earnings accretive, with a projected 10% increase in FY26 earnings and strong EBIT margins. It will be funded through existing cash reserves and Tasmea shares, with future earn-out payments supported by WorkPac’s cash profits.
Tasmea Ltd. has announced a conditional agreement to acquire WorkPac Group Pty Ltd, a leading workforce solutions provider in Australia, for up to $60.7 million. This acquisition is a strategic move to strengthen Tasmea’s position in the market by enhancing its ability to source and deploy skilled labor, which is expected to support its 15% annual organic growth target. The transaction is anticipated to be earnings per share accretive and will be funded through existing cash reserves and equity issuance. The acquisition will also provide Tasmea with access to WorkPac’s advanced recruitment capabilities, enabling it to meet growing demand and secure critical labor supply channels, thus enhancing its operational efficiency and market competitiveness.
Tasmea Limited (ASX: TEA) has requested a trading halt on its securities pending the announcement of a proposed business acquisition. The halt will remain in effect until the announcement is made or until normal trading resumes on November 21, 2025. This move indicates a significant potential change in the company’s operations, which could impact its market positioning and stakeholder interests.
Tasmea Limited has announced the issuance of shares to several senior employees as part of the Tasmea Bonus Share Plan, a short-term incentive approved by shareholders at the 2024 Annual General Meeting. The company will be quoting 4,138 ordinary fully paid securities on the ASX, with an issue date of November 7, 2025, reflecting its commitment to rewarding key personnel and potentially enhancing its market position.
Tasmea Ltd. has announced a change in the director’s interest, specifically regarding Stephen Elliott Young, who has increased his holdings in the company. The change involves the acquisition of additional ordinary shares through a Dividend Reinvestment Plan, impacting both direct and indirect interests held by Mr. Young through entities such as Port Tack Pty Ltd and Maresa Pty Ltd. This adjustment in shareholding reflects a strategic move within the company’s governance, potentially influencing its market positioning and stakeholder interests.
Tasmea Ltd. announced the quotation of 1,315,904 ordinary fully paid securities on the Australian Securities Exchange (ASX) under the code TEA, effective November 5, 2025. This move is part of a dividend or distribution plan and could potentially enhance the company’s market visibility and liquidity, benefiting stakeholders by potentially increasing the stock’s attractiveness to investors.
Tasmea Limited presented at the Morgans Investor Conference, highlighting its operations and strategic focus on providing specialized trade skill services to essential industry asset owners. The presentation, delivered by the company’s leadership team, underscores Tasmea’s commitment to supporting critical sectors and its positioning as a key player in the maintenance and upgrade of fixed plant assets, which could strengthen its market position and stakeholder relations.
Tasmea Limited has announced its Annual General Meeting (AGM) scheduled for November 19, 2025, at its offices in South Australia. Shareholders are encouraged to access meeting documents online, and proxy forms must be lodged by November 17, 2025. This AGM is a significant event for stakeholders, providing insights into the company’s strategic direction and operational updates.
Tasmea Limited has announced the release of 134,686,827 fully paid ordinary shares from voluntary escrow on 30 September 2025. These shares, held by the company’s directors, were initially placed in escrow during the company’s initial public offering and ASX listing. The release of these shares marks a significant step in Tasmea’s operational timeline, potentially impacting its market liquidity and shareholder dynamics.
Tasmea Limited has issued 10 million fully paid ordinary shares at A$4.30 each to institutional and professional investors, as part of a placement announced earlier. This issuance was conducted without disclosure under Part 6D.2 of the Corporations Act, ensuring the shares are eligible for secondary trading without further disclosure. The company confirms compliance with relevant provisions and that no information has been excluded from continuous disclosure notices, ensuring transparency for investors.
Tasmea Limited has announced the quotation of 10 million fully paid ordinary securities on the Australian Securities Exchange (ASX) under the code TEA, effective September 12, 2025. This move is part of a previously announced transaction and signifies a strategic step in enhancing the company’s market presence and liquidity, potentially impacting its stakeholders positively.
Tasmea Ltd. has announced a proposed issue of 10 million fully paid ordinary securities, with the ASX security code TEA, set to be issued on September 12, 2025. This move is part of a placement or other type of issue, and the company has applied for the quotation of these securities on the ASX, which could potentially impact its market positioning and provide additional capital for its operations.
Tasmea Limited has announced an equity capital raising initiative, offering new fully paid ordinary shares that will rank equally with existing shares. This move is aimed at strengthening the company’s financial position and potentially expanding its market presence. The announcement does not provide specific details on the use of the raised capital but emphasizes that the information is for general purposes and not financial advice.
Tasmea Limited has completed a A$43 million institutional placement, which was fully underwritten by Unified Capital Partners. This move is expected to enhance the company’s chances of inclusion in the ASX 300 Index, improve liquidity, and broaden its investor base. The additional capital will allow Tasmea to pursue acquisition opportunities and maintain a strong balance sheet, reducing debt and supporting growth strategies. The placement was well-received by both new and existing institutional investors, with shares issued at a slight premium to recent VWAPs and a discount to the last closing price. Tasmea remains committed to delivering sustainable EBIT growth and long-term shareholder value.