Korvest posts revenue of $129.5M in FY26

·       Korvest reported a full-year revenue increase of 8.3% to $129.54 million for the year ended June 30.

·       The share price reacted following the full-year operational review and dividend announcement.

·       The company stated that growth was supported by stronger activity in day-to-day and small project markets alongside data centre developments.

Korvest (ASX:KOV) reported full-year trading revenue of $129.54 million for the period ended June 30, marking an 8.3% increase compared to the previous year.

The performance followed stronger activity across day-to-day and small project markets within the industrial products segment, alongside positive contributions from data centre developments.

Directors determined to pay a fully franked final dividend of 40 cents per share, matching the final dividend paid in the prior financial year.

The industrial products segment completed four major projects where the majority of supply had been delivered in prior years, while entering the next period with four ongoing major projects.

Final remediation costs of $566,000 relating to a third-party design fault were expensed during the period, adding to $869,000 incurred previously.

Following the announcement, the Korvest share price was unchanged at $16.40.

The business operates across industrial products and galvanising operations, supplying infrastructure developments and electrical contractors throughout Australia.