ASX Small Cap Stock Korvest Increasing Major Project Activity
Korvest Limited has once again reinforced its reputation as a quiet favourite among long-term investors as it reported a strong half-year result that builds on an already impressive multi-year performance.
Korvest Limited (ASX: KOV)
Korvest Limited (ASX:KOV) on Friday reported a solid December 2025 first half result with the help of improved trading conditions across both Industrial Products and Production Services divisions.
The company reported higher revenue and earnings compared to last year which was supported by strong execution on major infrastructure and construction projects.
Sales for the December 2025 half reached $60.3 million which represents a 17.9% increase year-on-year as project activity accelerated.
EBIT rose to $7.88 million which is up 36.3% from the prior corresponding period while Net profit after tax increased 33.0% to $5.44 million which highlights disciplined cost control despite higher labour and input costs.
Industrial Products was the key earnings driver with sales of $55.37 million and EBIT growth of 43.3% which was supported by continued strength in major project work.
Earnings per share climbed 32% to 46.1 cents which supports the view that the company is a well-run niche industrial business and benefits from infrastructure spending along with disciplined execution.
A major milestone during the half was the commencement of the Kilburn redevelopment with construction progressing on schedule and within budget.
The balance sheet is sound with total assets of $91.4 million and net assets of $60.6 million as of December 2025.
The company continues to reward shareholders through fully franked dividends with a total FY26 dividend of 75 cents per share announced to date.
The share price has surged 38.6% over the past 12 months which reflects growing investor confidence in earnings momentum.
Korvest now has a market capitalisation of $173.94 million and trades at a P/E ratio of 13.2 while offering an attractive fully franked annual dividend yield of 5.1%.
The management expects second half performance to improve further with the help of a strong pipeline of secured infrastructure projects which extends beyond FY26.
(Source: Company Announcements)
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