InvestSMART

Korvest Ltd (ASX:KOV)

ALERT: Price-sensitive ASX Announcement for KOV
Current share price for KOV : $15.780 -0.97 (-5.79%)+
Announcement
Release
28 Jul 2026 9:34AM
Price at Release
$16.750
Full Release
download
Summary
Korvest Ltd's Preliminary Final Report for the financial year ended 30 June 2026 shows an 8.3% increase in revenue from ordinary activities to $129.54 million, while profit after tax fell by 5.7% to $12.412 million. Earnings per share also declined by 6.3% to 104.9 cents. The company proposed a final dividend of 40.0 cents per share, fully franked. A significant capital investment program was undertaken, including the completion of a new fabrication facility at the Kilburn site. Korvest enters FY27 with a record level of work on hand, supported by strong market demand in various sectors. The company has also focused on environmental initiatives, such as solar power generation and efficient waste management. A $1.1 million settlement was reached concerning a third-party design fault.
Key Points
  • Revenue from ordinary activities increased by 8.3% to $129.54 million.
  • Profit after tax decreased by 5.7% to $12.412 million.
  • Earnings per share decreased by 6.3% to 104.9 cents.
  • Final dividend proposed at 40.0 cents per share, fully franked.
  • Korvest undertook a significant capital investment program, including a new factory at Kilburn.
  • The company had a record level of work on hand entering FY27.
  • Environmental initiatives included solar power generation and efficient waste management.
  • Principal activities include hot dip galvanising, sheet metal fabrication, and manufacturing of support systems.
  • A $1.1 million settlement was negotiated for a third-party design fault.
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.