• Strong momentum in day-to-day and small project markets
• 23% EBIT growth in 2H versus 1H
• Major capex investment with Kilburn factory completed

Korvest Ltd announced its FY26 results, showcasing strong momentum as the year progressed, driven by robust day-to-day and small project markets. The company reported a 23% EBIT growth in the second half of the year versus the first half, excluding remediation costs. Major capital expenditures included the completion of the Kilburn factory in July 2026. Additionally, the WA and QLD EzyStrut branches were moved to new, larger sites, and warehouse capacity in NSW was expanded to service growing east-coast data center developments. The company also successfully transitioned to a new ERP system. Remediation claims were finalized in July 2026 for $1.1 million, contributing to FY27 income. FY27 starts with a record order book.

FY27 commences with record orders on hand

FY27 expected to deliver strong volumes from major projects, with day-to-day and project markets continuing at good levels subject to economic conditions.