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Korvest Ltd (ASX:KOV)

ALERT: Price-sensitive ASX Announcement for KOV
Current share price for KOV : $16.800 2.5 (17.48%)+
Announcement
Release
23 Jan 2026 8:48AM
Price at Release
$14.300
Full Release
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Summary
Korvest Ltd, headquartered in South Australia, continues to be a leading supplier of cable and pipe supports and galvanising services. The company has seen growth in revenue and earnings compared to the previous corresponding period, driven by increased project work and major upgrades to its galvanising operations. Korvest is expanding its Kilburn facility to enhance factory automation and capacity and has successfully transitioned its ERP system. The company maintains a solid pipeline of projects and is focusing on growth in various markets. Dividends for FY26 include a special dividend, highlighting a strong financial position.
Key Points
  • Korvest Ltd (ASX:KOV) is headquartered in South Australia and provides cable and pipe supports along with galvanising services.
  • The company experienced revenue and earnings growth compared to the previous corresponding period (PCP).
  • Korvest has a solid pipeline of major infrastructure projects secured for the second half of FY26 and beyond.
  • Significant project work expansion is noted, with both major and small projects increasing compared to PCP.
  • The company successfully transitioned its ERP system and completed major upgrades to its galvanising operations, including a new kettle and burner management system.
  • Korvest's Kilburn expansion is underway, focusing on factory automation and increased capacity.
  • Dividend distribution includes a consistent interim dividend of 25¢ per share and a final dividend of 40¢, with a special dividend of 10¢ for FY26.
  • The company has a national sales and warehouse network and a strong overseas supply chain, providing flexibility in make vs buy decisions.
  • Korvest is focusing on growth in day-to-day and small project markets, as well as infrastructure, data centre, and large project pipelines.
  • FY26 capital expenditure focuses on new equipment for enhanced capability and capacity, including development at Kilburn and a new Brisbane site.
IMPORTANT NOTE: This information is autogenerated and has not been reviewed for accuracy or completeness. You should refer to the full announcement here for further information.