The Tasmea Ltd (ASX: TEA) share price is in focus after the company reported FY26 results that comfortably beat guidance, with underlying EBIT of $118.1 million and underlying NPAT up 42% to $73.7 million.

What did Tasmea report?

• Revenue surged 136% year over year to $1,293.3 million
• Underlying EBIT jumped 54% to $118.1 million, exceeding the $117 million forecast
• Underlying NPAT rose 42% to $73.7 million
• Final fully franked dividend of 8.5 cents per share; full year dividends up 32% (excluding specials)
• Operating cash flow climbed 126% to $147.1 million, representing 125% conversion of EBIT
• Strong organic EBIT growth of 18% across all segments

What else do investors need to know?

Tasmea’s programmatic acquisition strategy continues to drive its expansion, with further specialist acquisitions in the pipeline. The company completed the WorkPac, Maxim Group, and JPS Group transactions, increasing exposure to key growth thematics such as data centres and energy infrastructure.

Segment results were robust, with electrical EBIT up 33% to $50.2 million, civil rising 81% to $32 million, and workforce solutions contributing after the December 2025 WorkPac acquisition. Tasmea remains highly cash generative, with a disciplined capital allocation—46.6% effective dividend payout, and net debt to pro-forma EBITDA sitting at just 0.4x at year-end.

The group’s recurring maintenance services and customer diversification underpin a resilient, low-risk business model. Demand from industries like mining, resources, and infrastructure continued to support growth, and a strong contract win rate further de-risked FY27 earnings.

What did Tasmea management say?

Managing Director & Founder Stephen Young said:

Demand for our specialist services is as high as we have ever experienced.

What’s next for Tasmea?

Looking ahead, Tasmea has upgraded its FY27 underlying EBITA guidance to a range of $205 million to $210 million, with NPATA forecast between $130 million and $133 million. The revenue pipeline is at a record level of visibility, with approximately 90% already secured, recurring, or under tender.

Management will continue its “twin pillar” strategy—organic growth and targeted acquisitions—to build scale across diversified segments. The company is focused on further contract wins in high-growth sectors including data centres, mining, and infrastructure, and aims to maintain strong returns on capital.

Tasmea Limited share price snapshot

Over the past 12 months, Tasmea shares have risen 124%, outperforming the All Ordinaries Index (ASX: XAO) by a significant margin.

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The post Tasmea posts strong FY26 earnings, upgrades FY27 guidance appeared first on The Motley Fool Australia.

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Motley Fool contributor Laura Stewart has no position in any of the stocks mentioned. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has no position in any of the stocks mentioned. The Motley Fool Australia has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips. This article was prepared with the assistance of Large Language Model (LLM) tools for the initial summary of the company announcement. Any content assisted by AI is subject to our robust human-in-the-loop quality control framework, involving thorough review, substantial editing, and fact-checking by our experienced writers and editors holding appropriate credentials. The Motley Fool Australia stands behind the work of our editorial team and takes ultimate responsibility for the content published by The Motley Fool Australia.

The Cromwell Property Group (ASX: CMW) share price is in focus today after the company posted a 5% lift in Funds from Operations (FFO) to $110.3 million and an 11.4% increase in assets under management to $4.7 billion for FY26.

What did Cromwell Property Group report?

• Funds from Operations (FFO) of $110.3 million, up 5% on FY25
• Statutory profit of $135.8 million, equivalent to 5.2 cents per security
• Assets under management increased by 11.4% to $4.7 billion
• Portfolio occupancy high at 95.6% and weighted average lease expiry of 4.6 years
• Low gearing of 31.6% and liquidity of $370.8 million at year-end
• FY27 distribution guidance of 3.1 cents per security

What else do investors need to know?

Cromwell expanded its investment management platform by launching the Cromwell Industrial Partnership and a new Brisbane office venture, together bringing in $748 million of new institutional mandates. Steady leasing activity kept the investment portfolio strong, with 28,607 sqm of leases secured during the year and an uplift in asset valuations, including a notable $98 million increase for 400 George Street, Brisbane.

The business made further headway in sustainability, achieving top-five star ratings in key responsible investment benchmarks and reducing carbon emissions significantly over four years. Cromwell also completed three sizeable asset sales from its Direct Property Fund above book value, supporting investor returns.

What did Cromwell Property Group management say?

Jonathan Callaghan, Managing Director and Chief Executive Officer, said:

We delivered on our strategic priorities in FY26, growing our investment management platform, expanding institutional capital partnerships and maintaining resilient investment portfolio performance. Together, these achievements strengthen Cromwell’s earnings base and support long-term value for securityholders.

What’s next for Cromwell Property Group?

Looking ahead to FY27, Cromwell plans to continue scaling up its investment management operations and deepen relationships with institutional and wholesale investors. The group is also pushing ahead with the Barton1 office project in Canberra, which is fully pre-leased and on track for completion by late FY27.

Cromwell aims for disciplined capital deployment to support ongoing earnings growth, with a focus on attracting new tenants, managing lease expiries, and maximising rental returns. The company expects to pay higher distributions in the coming year.

Cromwell Property Group share price snapshot

The Cromwell Property Group share price has underperformed the S&P/ASX 200 index (ASX: XJO) on a 12-month basis with a decline of around 5%.

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The post Cromwell Property Group lifts FFO and expands assets under management in FY26 appeared first on The Motley Fool Australia.

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Motley Fool contributor James Mickleboro has no position in any of the stocks mentioned. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has no position in any of the stocks mentioned. The Motley Fool Australia has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips. This article was prepared with the assistance of Large Language Model (LLM) tools for the initial summary of the company announcement. Any content assisted by AI is subject to our robust human-in-the-loop quality control framework, involving thorough review, substantial editing, and fact-checking by our experienced writers and editors holding appropriate credentials. The Motley Fool Australia stands behind the work of our editorial team and takes ultimate responsibility for the content published by The Motley Fool Australia.

The Karoon Energy Ltd (ASX: KAR) share price is in focus after its half-year results, which saw sales revenue reach US$244.9 million and an interim dividend declared at 1.2 cents per share fully franked.

What did Karoon Energy report?

• First half FY26 sales revenue of US$244.9 million (down 21% year-on-year)
• Underlying EBITDAX of US$129.7 million (down 35%)
• Underlying net profit after tax (NPAT) of US$29.2 million; statutory NPAT of US$26.7 million
• Interim dividend of 1.2 cents per share fully franked (down 50%)
• US$15.3 million spent on share buybacks (11.8 million shares at an average A$1.84/share)
• Major Baúna investment campaign completed, and Who Dat East project sanctioned

What else do investors need to know?

Karoon wrapped up a significant capital project at Baúna, designed to improve long-term performance and bring key wells back online. While production and sales volumes were lower due to planned outages and a riser issue at Who Dat, the company benefited from stronger realised oil prices, with around 97% of sales being oil or liquids and no hedging in place.

Production costs dropped from US$74.0 million to US$59.3 million, mainly because Karoon now owns the Baúna FPSO, removing lease charges. Net debt increased to US$269.7 million, reflecting heavy first-half investment, but management expects cash outflows and debt to ease in the second half, provided oil prices and operations stay on track.

What did Karoon Energy management say?

Ms Carri Lockhart, Chief Executive Officer and Managing Director, commented:

In 1H26, Karoon undertook its largest ever program of capital projects at Baúna in Brazil, designed to enhance the future performance of the Baúna FPSO and bring two important wells back into production. All key Baúna activities have now been successfully delivered, with an excellent personal safety performance maintained throughout, positioning the Company for improved operating performance in 2H26…

We enter the second half in a strong position, with a low-cost asset base, restored production at Baúna and a robust balance sheet. Our core objectives remain unchanged, focused on ensuring safe, reliable and efficient operations, mitigating natural decline from our two long-life assets, advancing our growth opportunities and maintaining capital discipline to create shareholder value.

What’s next for Karoon Energy?

Looking ahead, Karoon expects lower cash outflows and is on track to deliver annual cost savings of US$30–40 million following the FPSO purchase. A decision to progress with Front-End Engineering and Design for the Neon project is expected by the end of the year, while development of Who Dat East will commence after its recent approval.

2026 full-year guidance now includes increased capex for Who Dat East, with total production forecast between 7.2 and 8.2 million barrels of oil equivalent. Further work is underway on high-potential assets in Brazil and the US.

Karoon Energy share price snapshot

The Karoon Energy share price has underperformed the S&P/ASX 200 index (ASX: XJO) over the past 12 months with a decline of 9%.

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The post Karoon Energy half-year earnings: FY26 results and outlook appeared first on The Motley Fool Australia.

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Motley Fool contributor James Mickleboro has no position in any of the stocks mentioned. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has no position in any of the stocks mentioned. The Motley Fool Australia has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips. This article was prepared with the assistance of Large Language Model (LLM) tools for the initial summary of the company announcement. Any content assisted by AI is subject to our robust human-in-the-loop quality control framework, involving thorough review, substantial editing, and fact-checking by our experienced writers and editors holding appropriate credentials. The Motley Fool Australia stands behind the work of our editorial team and takes ultimate responsibility for the content published by The Motley Fool Australia.