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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 | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 119.61M | 119.57M | 102.89M | 107.48M | 99.22M | 69.79M |
| Gross Profit | 45.86M | 45.82M | 40.27M | 39.65M | 36.01M | 27.69M |
| EBITDA | 21.80M | 18.26M | 15.46M | 17.84M | 15.17M | 9.47M |
| Net Income | 13.16M | 13.16M | 11.04M | 11.18M | 11.34M | 6.05M |
Balance Sheet | ||||||
| Total Assets | 90.38M | 90.38M | 79.55M | 70.66M | 65.91M | 56.52M |
| Cash, Cash Equivalents and Short-Term Investments | 13.30M | 13.30M | 7.06M | 9.21M | 3.83M | 6.96M |
| Total Debt | 9.88M | 9.88M | 9.48M | 5.19M | 5.47M | 6.23M |
| Total Liabilities | 29.56M | 29.56M | 26.10M | 21.62M | 22.09M | 20.60M |
| Stockholders Equity | 60.82M | 60.82M | 53.45M | 49.04M | 43.83M | 35.92M |
Cash Flow | ||||||
| Free Cash Flow | 15.00M | 15.00M | 5.84M | 13.08M | 1.88M | 4.17M |
| Operating Cash Flow | 18.69M | 18.69M | 10.35M | 14.94M | 3.99M | 6.51M |
| Investing Cash Flow | -3.63M | -3.63M | -4.44M | -1.81M | -1.18M | -2.31M |
| Financing Cash Flow | -8.82M | -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$155.01M | 11.70 | 23.03% | 4.74% | 16.21% | 18.21% | |
71 Outperform | AU$150.94M | 10.26 | 11.37% | 5.59% | 1.33% | -11.07% | |
66 Neutral | AU$134.42M | 17.35 | 8.32% | 2.60% | 9.53% | 173.53% | |
63 Neutral | $10.79B | 15.43 | 7.44% | 2.01% | 2.89% | -14.66% | |
60 Neutral | ― | ― | ― | ― | 11.01% | -106.43% | |
54 Neutral | AU$195.61M | 60.36 | 5.66% | 0.81% | -14.88% | -56.89% | |
39 Underperform | AU$107.74M | -12.50 | -35.18% | ― | 0.88% | 4.88% |
Korvest Ltd. Corporate Events
Korvest Ltd. has announced a change in the director’s interest notice, specifically for Director Steven McGregor. On July 25, 2025, McGregor exercised vested performance rights, resulting in the acquisition of 17,730 ordinary shares and the disposal of an equal number of performance rights. This change increased his total ordinary shares to 177,928 and decreased his performance rights to 33,409. This adjustment in securities reflects the director’s strategic management of his investment in the company.
Korvest Ltd has announced a change in the director’s interest, with Christian Hartwig exercising vested performance rights, resulting in the acquisition of 18,490 ordinary shares and a reduction of performance rights by the same number. This change reflects an adjustment in the director’s holdings, potentially impacting stakeholder perceptions of the company’s governance and director alignment with shareholder interests.
Korvest Ltd has announced the application for quotation of 67,232 ordinary fully paid securities on the ASX, issued under an employee incentive scheme. This move could enhance the company’s market presence and provide additional liquidity, potentially benefiting stakeholders by aligning employee interests with company performance.
Korvest Ltd. has announced its strategic focus areas for growth, emphasizing expansion in day-to-day and small project markets, as well as infrastructure and large project pipelines. The company is also committed to operational excellence through factory automation, product development, and improving customer service, while prioritizing safety, environmental impact, and employee engagement.
Korvest Ltd reported record earnings for the fiscal year ending June 30, 2025, with a 16.2% increase in revenue driven by major project activity in its Industrial Products segment. The company faced challenges such as remediation costs due to a third-party design fault and a 17-day production halt in its galvanizing plant, but these were mitigated by insurance recoveries. The board has approved a significant redevelopment project at the Kilburn site to enhance production capabilities, with construction starting in FY26. The outlook for the infrastructure sector remains strong, although FY26 revenue is not expected to match FY25 levels.
Korvest Ltd. has outlined its corporate governance practices, emphasizing the Board’s role in enhancing shareholder value and overseeing management. The company is committed to diversity, with specific objectives for gender representation in senior management, although current figures show room for improvement. These initiatives reflect Korvest’s dedication to aligning with ASX Corporate Governance Principles and enhancing its operational and strategic direction.
Korvest Ltd has released its corporate governance statement for the financial year ending June 30, 2025, which is available on their website. The statement, approved by the board, outlines the company’s adherence to the ASX Corporate Governance Council’s principles and recommendations, highlighting the company’s commitment to transparency and accountability in its governance practices.
Korvest Ltd has announced a dividend distribution for its ordinary fully paid securities, with a payment of AUD 0.50 per share. The dividend relates to the six-month period ending June 30, 2025, with key dates including an ex-date of August 14, 2025, a record date of August 15, 2025, and a payment date of September 5, 2025. This announcement may impact stakeholders by providing a return on investment and indicating the company’s financial health.
Korvest Ltd reported a significant financial performance for the fiscal year ending June 30, 2025, with a 16.2% increase in revenues and a 19.1% rise in net profit attributable to members, reaching $13,157,000. Earnings per share also saw an 18.3% increase to 112.0¢. The company declared a final dividend of 40.0¢ per share, maintaining the same level as the previous period, and introduced a special dividend of 10.0¢. The Dividend Reinvestment Plan is suspended for the final dividend, with the record date for entitlements set for August 15, 2025. These results underscore Korvest’s robust operational performance and strategic positioning in its industry, promising positive implications for its stakeholders.
Korvest Ltd. has announced the approval of Phase 1 of its expansion plans at the Kilburn site, which includes constructing a new 3,000 m2 fabrication facility with a 500 m2 canopy, costing approximately $7.4 million. This expansion, funded through operating cash flows and a short-term debt facility, aims to enhance production capacity and capability, providing opportunities for market share growth, vertical integration, and access to additional markets.