Tasmea Ltd
TEA.AX
Australian Securities Exchange7.99
AUD
-0.20
- -
Tasmea Ltd
TEA.AX
(Australian Securities Exchange)
Recent
price
7.99
P/E
ratio
- -
div
yld
- -
ROIC.AI
Capital Structure
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in mil. unless spec.- Similar Companies
- Business
- Tasmea Limited (ASX:TEA), formerly E&A Limited, provides specialist maintenance services, including essential shutdown, programmed maintenance, emergency breakdown, and sustaining capital upgrade services to asset and infrastructure owners of fixed plant in essential Australian industries such as mining and resources, oil and gas, power and renewables, defence and infrastructure, water, telecommunications, and retail; the company operates through four segments encompassing electrical services featuring remote area industrial and commercial electrical and instrumentation maintenance, compliance, and indigenous trade services; mechanical services offering refurbishment, repairs, shutdowns, and mechanical maintenance; civil services providing earthworks, waste management, and civil maintenance; and water and fluid services delivering geomembrane solutions, lubrication, drainage, and pressure systems. Tasmea Limited owns and operates 25 interdependent subsidiaries, including Yura Yarta (49%-owned for Supply Nation accreditation), with over 1,800 skilled employees across workshops, site camps, and offices in each mainland Australian state from its headquarters in Jandakot, Western Australia; founded in 1999 as a private equity investment vehicle, the company listed on the ASX in April 2024. Recent developments include a rebranding from E&A Limited in 2023; programmatic acquisitions such as Forefront Services, Groundbreaking Mining Solutions, and Sigma Power Services in 2023; Laptek Systems & Technical Lubrication Services, A Noble & Sons, TAMS, and Corfield’s Electrical Services in 2022; a A$43 million institutional placement in September 2025 to fund further acquisitions and strengthen its balance sheet, expanding its share register toward ASX 300 inclusion; and in financial year 2025, acquisitions of Future Engineering Group, West Coast Lining Systems early in the year, followed by additional unnamed acquisitions in the second half, alongside WorkPac completion in December 2025, driving 60% EBIT growth to $74.4 million and 74% net profit after tax increase to $53.1 million.