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Korvest Ltd. ( (AU:KOV) ) just unveiled an announcement.
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.
More about Korvest Ltd.
Korvest Ltd. operates in the industrial sector, primarily focusing on manufacturing and supplying products such as EzyStrut and galvanizing services through Korvest Galvanisers. The company is involved in large-scale projects and serves both external and internal markets, with a focus on maintaining operational efficiency and addressing market demands.
Average Trading Volume: 9,274
Technical Sentiment Signal: Buy
Current Market Cap: A$156M
See more insights into KOV stock on TipRanks’ Stock Analysis page.