News: KOV Korvest Posts FY Revenues From Ordinary Activities A$102.9 Million, page-4

The $5m less in revenue in FY24 can be attributed directly to the industrial division with a well flagged drop off in major projects. Reading 'between the lines' they appear to be suggesting a better FY25 result revenue in the Industrial Div which will have a flow on effect in the Products Division.
I'm cautiously thinking FY25 revenue of $105m to $108m
But the good news is their efficiency in FY24 with NPAT as a % of Rev edging towards 11% - and in an inflationary era.
I think an NPAT of around $11.5m to $12.3m is a good possibility provided the economy/market doesn't shrink away from here.
A tad disappointed in the cash collections with cash ops being just 68% of NPAT + D&A but with no debt & some $6.8m in cash, the ff dividends are a bonus.
A super steady plodder is KOV and so much better than any term deposit.