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Korvest Ltd (ASX:KOV)

ALERT: Price-sensitive ASX Announcement for KOV
Current share price for KOV : $16.200 -0.55 (-3.28%)+
Announcement
Release
28 Jul 2026 9:45AM
Price at Release
$16.750
Full Release
download
Summary
Korvest Ltd's investor presentation for the year ending June 2026 highlights significant achievements and strategic directions. The company reported a sales increase of 8.3% to $129.5 million, though EBIT and NPAT slightly declined by 3.3% and 5.7%, respectively. The completion of the Kilburn factory and major capex investments marked the year, alongside successful ERP system transitions and expansions in WA and QLD. Korvest also focused on operational excellence and growth in various markets including infrastructure and data centres. The company closed the year with record orders, indicating a strong start for FY27. Additionally, Korvest reaffirmed its commitment to safety and environmental initiatives.
Key Points
  • Sales increased to $129.5 million, a growth of 8.3%.
  • EBIT and NPAT saw slight declines of 3.3% and 5.7%, respectively.
  • Major capex investment with Kilburn factory completed.
  • Successful transition to a new ERP system.
  • Expansion of WA and QLD branches.
  • Record order book at the start of FY27.
  • Focus on safety, environment, and operational excellence.
  • Growth in infrastructure and data centre markets.
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.