Tamawood (ASX:TWD) said its fiscal 2026 first-half profit before tax is expected to exceed the previous year's AU$4.8 million by around 40% to 50%, according to a Wednesday Australian bourse filing.

Sales revenue for the five months to Nov. 30 increased by nearly 37% from a year earlier, with no material increase in operating costs, the filing said. The performance "may not be repeated in the second half" because some margin is expected to be absorbed by rising construction costs.

The company's external auditors completed their review of the work-in-progress calculation methodology, and confirmed that the recently implemented software system is now capturing and reflecting work-in-progress calculations for all Dixon jobs currently under construction, the filing said.

Board directors agreed to remain in a trading blackout period until the release of the company's reviewed half-year financial results to the market, the filing said.