Tamawood Ltd Flags 40% FY26 PBT Lift as Cash More Than Doubles

Tamawood flags 40% lift in unaudited FY26 profit before tax

Tamawood (ASX: TWD) expects to report profit before tax for FY26 of $11.679 million, up approximately 40% on the $8.299 million recorded in FY25. The figures are based on unaudited management accounts and remain subject to completion of year-end audit procedures.

The result is in line with guidance provided in the company’s announcement dated 17 December 2025. Tamawood confirmed the update was authorised by Chairman Lev Mizikovsky and released under its continuous disclosure obligations pursuant to ASX Listing Rule 3.1, with the Board considering the information market-sensitive.

FY26 headline numbers at a glance

All figures above are drawn from unaudited management accounts and remain subject to year-end audit.

A stronger balance sheet and resilient operations

Tamawood reported that cash on hand rose to $8.346 million as at 30 June 2026, from $3.443 million in the prior period. The company also confirmed it remains debt free.

The Tamawood interim dividend declared in April 2026 was held at 11 cents per share fully franked, supported by a debt-free balance sheet and cash reserves exceeding $10 million at the time of that announcement.

On the operational front, management provided the following commentary:

• No material increase in contract cancellations due to bank valuations, in contrast to some industry peers.

• Enquiry levels moderated relative to the prior period.

• Conversion rates improved over the period.

• Profit margins were partially impacted by higher construction input costs and the effect of recent global events on the company’s cost base, consistent with expectations previously communicated.

For investors, the combination of a debt-free balance sheet and a growing cash position offers a signal of financial resilience at a time when parts of the residential construction sector face cancellation pressure and margin compression.

What “profit before tax” and unaudited guidance mean for investors

Profit before tax (PBT) measures a company’s earnings after operating costs but before income tax is deducted. Companies often report PBT separately from net profit because it strips out the effect of tax timing and rates, giving a clearer view of underlying operating performance.

The term unaudited management accounts refers to preliminary internal figures prepared by management ahead of independent auditor sign-off. Because these numbers have not yet been formally verified, final audited results can shift slightly once year-end audit procedures are complete.

In the residential construction sector, where peers are contending with contract cancellations and rising input costs, a debt-free balance sheet and increasing cash balance can help a business absorb cost pressure and maintain operating flexibility without relying on external financing.

The investment takeaway

The update confirms profit growth in line with the December 2025 guidance, alongside a strengthening cash position, no debt, and operational resilience relative to some sector peers. The pending year-end audit represents the next confirmation point for investors watching the FY26 result.

Company Disclosure

The Board considers the information in the announcement to be market-sensitive and is providing the update in accordance with its continuous disclosure obligations under ASX Listing Rule 3.1. The result is stated as consistent with the guidance issued on 17 December 2025.

Investors should note that all figures remain unaudited and subject to completion of year-end audit procedures.

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