Tamawood (TWD) H2 2024 TU earnings summary

Executive summary

• FY24 profit before tax reached $8.083 million, a 167.5% increase year-over-year from $3.021 million in FY23.

• Cash on hand at year-end was $6.114 million, up from $5.231 million in FY23; company remains debt free.

• Improved results attributed to price adjustments, stable supply chain, and strong subcontractor relationships.

Financial highlights

• Profit before tax for FY24 rose 167.5% compared to FY23.

• Year-end cash balance increased to $6.114 million from $5.231 million in FY23.

• No outstanding debt at year-end.

Outlook and guidance

• Board expects to restore final dividend payments in December 2024, returning to two dividends per year.

• Dividend amount and franking status to be determined.

• Predicting FY25 results is challenging due to market and economic uncertainties.