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Tasmea Limited (ASX:TEA)

ALERT: Price-sensitive ASX Announcement for TEA
Current share price for TEA : $9.280 4.2 (82.68%)+
Announcement
Release
19 Nov 2025 4:04PM
Price at Release
$5.080
Full Release
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Summary
Tasmea Limited's 2025 Annual General Meeting presentation highlighted the company's robust financial performance in FY25, showcasing significant revenue and profit growth driven by strategic acquisitions and organic expansion. The company reported substantial increases in both statutory and pro forma revenues, attributed mainly to successful programmatic acquisitions. Tasmea also completed a fully underwritten institutional placement to support its growth initiatives. The AGM agenda included several key resolutions related to share issues and financial assistance approvals for recent acquisitions. The company's strategy focuses on maintaining strong financial discipline while pursuing further growth opportunities, aiming for inclusion in the ASX 300 Index.
Key Points
  • Tasmea Limited delivered strong financial growth in FY25, with statutory revenue increasing by 37% to $547.9 million.
  • Pro Forma revenue saw a significant increase of 52.4%, reaching $620.8 million, mainly driven by programmatic acquisitions.
  • The company completed a fully underwritten institutional placement in September 2025, raising $43 million and reducing net leverage to less than 1.0x net debt to Pro-forma EBITDA.
  • Tasmea's strategic focus includes organic growth with a 15% year-over-year growth target and expansion through programmatic acquisitions.
  • The company achieved a statutory EBIT increase of 60% and a statutory NPAT increase of 74% in FY25.
  • A pipeline of earnings accretive acquisition opportunities continues to be pursued, with 14 programmatic acquisitions completed over the last five years.
  • The AGM included several resolutions such as ratification of share issues under ASX Listing Rule 7.4 and approval of financial assistance for acquisitions.
  • Tasmea aims to enhance its balance sheet strength to accelerate growth opportunities and is targeting entry into the ASX 300 Index by March 2026.
IMPORTANT NOTE: This information is autogenerated and has not been reviewed for accuracy or completeness. You should refer to the full announcement here for further information.