Korvest Ltd. · ASX:KOV
Korvest — Investor Presentation (January 2026)
17 slides from Korvest's investor presentation, Jan 23, 2026
Slide 1: December 2025 First Half Results
December 2025 First Half Results Chris Hartwig Steven McGregor
Slide 2: Korvest Vision & Strategy
Korvest Vision & Strategy Our Vision is to be a leading supplier of engineered solutions and systems to the infrastructure, industrial and commercial construction sectors. Our Strategy is focused in the following areas : ▪ People, Safety & Environment ▪ Reduction in emissions ▪ Safety improvement &
Slide 3: Key Takeaways
Key Takeaways ▪ Increased revenue & earnings versus PCP ▪ Growth in major project revenue versus PCP ▪ Additional major project wins ▪ Successful ERP transition ▪ Successful kettle change and burner management upgrade ▪ Kilburn expansion underway 3
Slide 4: Headline Numbers
Headline Numbers Dec 25 (1H) Jun 25 (2H) Dec 24 (1H) % Change vs PCP Sales $ 60.30m $ 68.44m $ 51.13m 17.9% EBIT $ 7.88m $ 13.13m $ 5.78m 36.3% NPAT $ 5.44m $ 9.07m $ 4.09m 33.0% Operating Cash Flow $ 2.74m $11.57m $ 7.12m EPS 46.1 ¢ 77.2 ¢ 34.8 ¢ 32.5% Dividend per share 25 ¢ 50 ¢1 25 ¢ 1 Includes
Slide 5: Industrial Products Trading Update
Industrial Products Dec 25 (1H) Jun 25 (2H) Dec 24 (1H) % Change vs PCP Sales $ 55.37m $ 62.56m $ 46.44m 19.2% EBIT $ 7.98m $12.00m $ 5.57m 43.3% EBIT % 14.4% 19.2% 12.0% Trading Update ▪ Project work (both major and small) increased compared to PCP ▪ Major Projects ▪ Three supplied during period, a
Slide 6: Production Services Trading Update
Production Services Dec 25 (1H) Jun 25 (2H) Dec 24 (1H) % Change vs PCP Sales $ 4.93m $ 5.89m $ 4.69m 5.1% EBIT $ 0.67m $ 2.25m $ 0.51m 31.4% EBIT % 13.6% 38.2% 10.9% Trading Update ▪ Plant volumes higher than PCP but lower than FY25 2H ▪ Increased cost of zinc but buying pattern mitigated impact ▪
Slide 7: Capital Expenditure
Capital Expenditure FY26 (1H) FY25 FY24 FY23 Capital Expenditure $ 3.62m $ 3.69m $ 4.51m $ 1.86m $0.56m New equipment related to new capability / capacity including trucks, kettle burner management system in galvanising. $1.25m Stay in business / maintenance, such as forklifts, replacement galvanizi
Slide 8: Kilburn Redevelopment
Kilburn Redevelopment Progress to date ▪ Construction commenced October 1st ▪ Retaining wall and perimeter fencing complete ▪ Fire ring main and services connections approx. 50% complete ▪ Earthworks and footings complete ▪ Steel erection began January 5th ▪ Budget and timing on track 8
Slide 9: Key Initiatives
Key Initiatives Completed during 1H FY26 ▪ Continue strong safety performance ▪ Installed new kettle in Galvanising in Dec 2025. ▪ Installed new burner management system in Galvanising in Dec 2025 ▪ In-house freight now operational in all states ▪ Larger QLD leased distribution facility from Dec 202
Slide 10: Balance Sheet
Balance Sheet ASSETS ($m) Dec 2025 Jun 2025 Dec 2024 Cash & Investments 5.9 13.3 6.9 Receivables 19.8 21.2 15.9 Inventories 21.5 18.5 19.1 Property, Plant & Equipment 29.2 26.7 24.1 Right-of-use Asset 12.6 8.1 7.2 Lease Receivable 1.1 1.2 1.3 Other 1.3 1.4 1.3 Total Assets 91.4 90.4 75.8 LIABILITIES
Slide 11: Dividends
Dividends FY 2026 FY 2025 FY 2024 FY 2023 FY 2022 Interim 25 ¢ 25 ¢ 25 ¢ 25 ¢ 25 ¢ Final Dividend 40 ¢ 40 ¢ 35 ¢ 35 ¢ Special Dividend 10 ¢ Total Dividend 75 ¢ 65 ¢ 60 ¢ 60 ¢ Franking 100% 100% 100% 100% 100% DRP remains suspended. Key Dates ▪ Record Date: 13 February 2026 ▪ Payment Date: 6 March 20
Slide 12: Outlook
Outlook ▪ Solid pipeline of major infrastructure projects secured with supply in FY26 2H and beyond ▪ 2H major project activity expected to exceed 1H ▪ Day-to-day and small project markets to remain strong and at least at 1H levels subject to broader economic conditions ▪ Improved 2H for Galvanising
Slide 13: Company Overview
Company Overview
Slide 14: Introduction to Korvest
Introduction to Korvest ▪ Korvest (ASX:KOV) is headquartered in South Australia, providing cable and pipe supports and galvanising services. ▪ Listed in September 1970. ▪ Korvest has sales offices and warehouses in Adelaide, Melbourne, Sydney, Brisbane and Perth, with distributors in Darwin, Townsvi
Slide 15: Industrial Products
Industrial Products ▪ Cable and Pipe Supports ▪ Market leader in cable supports ▪ Manufacturing facility in Kilburn ▪ Overseas supply chain ▪ Sells to EPCMs, wholesalers and direct to project contractors ▪ Local manufacturing allows quick response times and ability to fabricate special items – a dif
Slide 16: Production Services
Production Services ▪ Longest galvanising kettle in Australia (14m in length) ▪ South Australia’s only centrifuge galvanising plant, specializing in the treatment of small items (national market) ▪ Predominant processor of structural work for South Australian projects or fabricators ▪ Galvaniser of
Slide 17: Online
Online www.korvest.com.au www.linkedin.com/company/korvest Australia’s leading range of cable and pipe supports. www.ezystrut.com.au www.linkedin.com/company/ezystrut www.instagram.com/ezystrut Quick turnaround of the largest, smallest and most complex construction members. www.korvestgalvanisers.co