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Korvest Ltd.
(Sydney:KOV)
Korvest Ltd. (KOV) vs. iShares MSCI Australia ETF (EWA)
Korvest Ltd. Business Overview & Revenue Model
Korvest Ltd. Financial Statement Overview
| Breakdown | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 119.57M | 102.89M | 107.48M | 99.22M | 69.79M |
| Gross Profit | 45.82M | 40.27M | 39.65M | 36.01M | 27.69M |
| EBITDA | 18.26M | 15.46M | 17.96M | 15.17M | 9.47M |
| Net Income | 13.16M | 11.04M | 11.18M | 11.34M | 6.05M |
Balance Sheet | |||||
| Total Assets | 90.38M | 79.55M | 70.66M | 65.91M | 56.52M |
| Cash, Cash Equivalents and Short-Term Investments | 13.30M | 7.06M | 9.21M | 3.83M | 6.96M |
| Total Debt | 9.88M | 9.48M | 5.19M | 5.47M | 6.23M |
| Total Liabilities | 29.56M | 26.10M | 21.62M | 22.09M | 20.60M |
| Stockholders Equity | 60.82M | 53.45M | 49.04M | 43.83M | 35.92M |
Cash Flow | |||||
| Free Cash Flow | 15.00M | 5.84M | 13.08M | 1.88M | 4.17M |
| Operating Cash Flow | 18.69M | 10.35M | 14.94M | 3.99M | 6.51M |
| Investing Cash Flow | -3.63M | -4.44M | -1.81M | -1.18M | -2.31M |
| Financing Cash Flow | -8.82M | -8.06M | -7.75M | -5.94M | -3.98M |
Korvest Ltd. Technical Analysis
Korvest Ltd. Peers Comparison
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
79 Outperform | AU$180.92M | 12.40 | 23.03% | 4.48% | 16.21% | 18.21% | |
71 Outperform | AU$185.65M | 12.78 | 11.37% | 4.59% | 1.33% | -11.07% | |
66 Neutral | AU$121.09M | 15.63 | 8.32% | 2.65% | 9.53% | 173.53% | |
63 Neutral | $10.79B | 15.43 | 7.44% | 2.01% | 2.89% | -14.66% | |
57 Neutral | AU$85.85M | 27.70 | 5.66% | 1.28% | -14.88% | -56.89% | |
41 Neutral | AU$104.98M | -12.18 | -35.18% | ― | 0.88% | 4.88% |
Korvest Ltd. Corporate Events
Perpetual Limited and its related bodies corporate have lodged a notice stating they have ceased to be a substantial shareholder in Korvest Limited as of 22 January 2026, ending a substantial holding position previously disclosed in November 2024. The change signals a reduction in Perpetual’s voting power in Korvest and may alter the company’s institutional shareholder base and governance dynamics, though the form does not disclose the specific transaction details that led to the exit.
The most recent analyst rating on (AU:KOV) stock is a Buy with a A$17.00 price target. To see the full list of analyst forecasts on Korvest Ltd. stock, see the AU:KOV Stock Forecast page.
Korvest Ltd. has outlined its strategic priorities for the first half of the 2025 financial year, centering on operational excellence, growth and sustainability initiatives to reinforce its competitive standing in construction-related markets. The company plans to invest in people, safety and environmental measures, including emissions and noise reduction, while advancing the redevelopment of its Kilburn facility, enhancing factory automation and capacity, and expanding its product range and project pipelines across day-to-day, small, infrastructure and data centre projects, potentially laying the groundwork for future acquisitions.
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.
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.
Korvest Ltd, listed on the ASX under the code KOV, has declared an ordinary fully paid share dividend of A$0.25 per share relating to the six-month period ended 31 December 2025. The interim dividend will trade ex-dividend on 12 February 2026, with a record date of 13 February 2026 and payment scheduled for 6 March 2026, providing income to shareholders and signalling the company’s continued capacity to return cash to investors over the reported 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.
Korvest Ltd reported a strong first half for the period ended 31 December 2025, with revenue from ordinary activities rising 17.9% to A$60.3 million and net profit after tax attributable to members jumping 33.2% to A$5.44 million compared with the prior corresponding period. The board has proposed an interim fully franked dividend of 25 cents per share, in line with the previous year, after paying a combined final and special dividend of 50 cents per share earlier in the half, signalling confidence in the company’s cash generation and balance sheet strength; the record date for the interim payout has been set for 13 February 2026, underscoring continued returns to shareholders on the back of improved profitability.
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.
Korvest Ltd has announced a change in the director’s interest, with Steven McGregor acquiring 12,313 additional performance rights, bringing his total to 45,722. This change, approved at the Annual General Meeting, reflects the company’s ongoing commitment to aligning director interests with corporate performance, potentially impacting stakeholder confidence and company operations.
The most recent analyst rating on (AU:KOV) stock is a Buy with a A$14.50 price target. To see the full list of analyst forecasts on Korvest Ltd. stock, see the AU:KOV Stock Forecast page.
Korvest Ltd has announced a change in the director’s interest, with Christian Hartwig acquiring 13,870 performance rights, increasing his total to 48,721. This change, approved at the Annual General Meeting, reflects the company’s ongoing efforts to align management interests with shareholder value, potentially impacting stakeholder confidence positively.
The most recent analyst rating on (AU:KOV) stock is a Buy with a A$14.50 price target. To see the full list of analyst forecasts on Korvest Ltd. stock, see the AU:KOV Stock Forecast page.
Korvest Ltd announced the issuance of 53,303 performance rights under an employee incentive scheme, which are not intended to be quoted on the ASX. This move is part of the company’s strategy to incentivize its workforce, potentially enhancing employee engagement and aligning their interests with the company’s growth objectives.
The most recent analyst rating on (AU:KOV) stock is a Buy with a A$14.50 price target. To see the full list of analyst forecasts on Korvest Ltd. stock, see the AU:KOV Stock Forecast page.
Korvest Ltd has announced a change in the director’s interest, with Christian Hartwig selling 13,193 ordinary shares at $13.10 per share. This sale represents 47% of the shares issued under the Executive Share Plan in July 2022, and it was conducted to fund a tax liability incurred in the FY25 tax year. The transaction reflects a strategic financial decision by the director, which could influence the company’s stock market perception and stakeholder confidence.
The most recent analyst rating on (AU:KOV) stock is a Buy with a A$14.50 price target. To see the full list of analyst forecasts on Korvest Ltd. stock, see the AU:KOV Stock Forecast page.
Korvest Ltd. held its Annual General Meeting on October 31, 2025, where all resolutions were passed. The meeting included the adoption of the remuneration report, re-election of a director, and approval of performance rights for key executives. The results indicate strong shareholder support for the company’s leadership and strategic direction, which may positively impact its operational stability and stakeholder confidence.
The most recent analyst rating on (AU:KOV) stock is a Buy with a A$14.50 price target. To see the full list of analyst forecasts on Korvest Ltd. stock, see the AU:KOV Stock Forecast page.
Korvest Ltd. reported record revenue of $119.6 million and an after-tax profit of $13.2 million for the financial year 2025, driven by strong performances from both EzyStrut and Korvest Galvanisers. Despite challenges such as a significant operational issue in the galvanizing plant, which led to 17 days of lost production, the company managed to recover most costs through insurance, minimizing the impact on profits. EzyStrut experienced a flat first half due to the completion of major projects but rebounded in the second half with new projects, including one with a compressed delivery schedule, showcasing the company’s adaptability and project management capabilities.
The most recent analyst rating on (AU:KOV) stock is a Buy with a A$14.50 price target. To see the full list of analyst forecasts on Korvest Ltd. stock, see the AU:KOV Stock Forecast page.