Tuas Profit Jumps 328% But Stock Sinks Near 52-Week Low

Tuas posted a 328% increase in profit for fiscal 2026, a headline number that would normally lift a stock. Instead, shares slid toward a 52-week low in the same session, based on the company's own FY26 slide deck released this week. The disconnect traces to a separate development: a planned deal with M1 fell through. Investors appear to be pricing the failed transaction more heavily than the profit growth, treating the deal collapse as a signal about Tuas's strategic options rather than treating the earnings beat as the dominant story. What remains unclear is exactly why the M1 deal failed and what alternative plans, if any, Tuas has to replace it. Until the company details next steps, the stock's reaction suggests the market is discounting the earnings entirely.