Key Highlights

  • Korvest (ASX:KOV) traded at $14.39, up 0.28%, on Volume of 81,385 shares during the 26 October 2026 session.
  • FY26 Revenue was $129.54 million, up 8.3%, with data centre development noted as a positive influence.
  • The final Dividend is 40.0 cents fully franked, following a 25.0 cent interim dividend.

Korvest Ltd (ASX:KOV) traded at $14.39, up 0.28%, on volume of 81,385 shares during the Trading session on 26 October 2026. The volume was unusual, meaning at least 50% above the stock's Average Daily Volume over the last month. Korvest makes EzyStrut cable and pipe supports and operates a galvanising plant. Its FY26 annual result covers the year ended 30 June 2026.

FY26 Annual Result

Revenue from trading activities was $129.54 million, up 8.3%, due to increased activity in the day-to-day and small project markets of the industrial products segment. The smaller project market was higher through the year and the day-to-day market improved as the year progressed, with data centre development having a positive impact on both.

Dividend

The directors determined a fully franked final dividend of 40.0 cents per share, compared with 40.0 cents plus a 10 cent Special Dividend a year earlier, following a 25.0 cent interim dividend. The DRP operates for the final dividend at a 5% discount to the VWAP for 3 to 9 September 2026, with a Record Date of 4 September and payment on 25 September 2026.

The final dividend of 40.0 cents compares with 40.0 cents plus a 10 cent special dividend in the prior year, so total Ordinary Dividends for FY26 were 65.0 cents per share against 65.0 cents plus the special dividend in FY25. The DRP issue price is set at a 5% discount to the volume weighted average price over seven trading days.

Industrial Products and Production

Four major projects concluded in FY26, two commenced in the first half and three began Supply in the second half, leaving four major projects to be supplied in FY27 and beyond. Final remediation costs of $566,000 for a third-party design fault were expensed, adding to $869,000 incurred earlier. A $1.1 million settlement agreed in July 2026 will be recorded as other income in FY27.

The galvanising plant processed record tonnes in FY26, helped by the South Australian fabricator market and a second major renewable energy project. The kettle was replaced and a burner management system upgraded during the Christmas shutdown, ahead of schedule. Costs rose with moves to larger branch sites and added staff, and product pricing was adjusted late in the year.

About Korvest

Korvest, ABN 20 007 698 106, supplies EzyStrut products for infrastructure and small industrial developments and operates a branch network and galvanising facility.

The company moved to larger branch sites with higher rents in line with its growth strategy, which increased the branch network cost base alongside one-off costs of the moves. Additional branch staff were added to manage higher activity and improve service levels. Steel input costs were relatively stable during FY26, while global events affected freight and logistics costs to varying extents over the year.

Risks

Results depend on project timing, input costs such as steel and freight, and the cost base of its branch network. The company incurred remediation costs in FY26.

Catalysts on Investors' Radar

Supply of the four ongoing major projects, recognition of the $1.1 million settlement in FY27 and the half-year result are the named items.

Final Perspective

Korvest traded on unusually high volume on a small volume base with a minor gain on 26 October. Its FY26 report shows higher revenue, steady dividends and record galvanising throughput.