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The latest announcement is out from Korvest Ltd. ( (AU:KOV) ).
Korvest reported a strong first half of FY2026, with trading revenue up 17.9% to $60.3 million driven by robust growth in its Industrial Products segment, particularly EzyStrut, and profit before tax up 33.2% to $5.4 million, aided by improved project mix and margins and despite ongoing engineering claim costs. The group is investing heavily in capacity and efficiency, including record capital expenditure on its Kilburn site redevelopment, expansion of the EzyStrut transport fleet, a larger Queensland branch, and a new galvanising kettle and burner management system, while declaring a fully franked interim dividend of 25 cents per share and flagging a stronger second half supported by a significant order book, increased major project activity and anticipated gains in galvanising profitability, albeit below last year’s record comparative period.
The most recent analyst rating on (AU:KOV) stock is a Buy with a A$16.00 price target. To see the full list of analyst forecasts on Korvest Ltd. stock, see the AU:KOV Stock Forecast page.
More about Korvest Ltd.
Korvest Ltd operates in the industrial products and galvanising sector, primarily through its EzyStrut cable and pipe support systems business and galvanising services. The company services major infrastructure and industrial projects across Australia, with a branch network and production facilities that support both large-scale project work and smaller, day-to-day customer requirements.
Average Trading Volume: 5,198
Technical Sentiment Signal: Buy
Current Market Cap: A$165.8M
For a thorough assessment of KOV stock, go to TipRanks’ Stock Analysis page.