InDaily’s annual ranking of the state’s top 100 companies by market capitalisation and revenue covers the 2019/20 financial year and includes more volatility than usual, due to the COVID-19 pandemic.
The list, compiled for InDaily by Adelaide financial services firm Taylor Collison, is the state’s most definitive guide to our top companies (scroll to the bottom of the page for eligibility criteria).
The countdown begins today, with the companies ranked 100 to 81, and will continue all week – with the top 20 and full list revealed on Friday.
Taylor Collison director Scott Dolling said the first 20 companies revealed today included a couple of stand-out performers.
He highlighted 90th-ranked Escient – a South Australian employee-owned business and digital consulting firm which won the employer of choice award in the Australian Business Awards in 2020.
With many businesses forced to accelerate working from home arrangements this year, the company – a start-up only three years ago – has seen a strong increase in demand.
“Escient’s revenue increased by 35 per cent in 2020, showing continued strong growth,” Dolling said.
“Escient was founded by a trio of ex-SMS Management and Technology employees in 2017 and has had double-digit growth each year.”
Dolling also highlighted confectionery company Robern Menz, which enters the list this year at 91.
“The management of Robern Menz has demonstrated they are imaginative, have high business acumen and prepared to grow via acquisition and organically,” he said.
“Notable examples include buying the manufacturing rights for Violet Crumble and Polly Waffle brands, and collaborating with a boutique brewery for its FruChocs brand.”
100. Iocane Pty Ltd
Sector: Information technology and equipment | Revenue: $26.8 million | Last year’s ranking: 88
Iocane is an Adelaide ICT solutions provider.
99. Trident Plastics (SA) Pty Ltd
Sector: Building and construction | Revenue: undisclosed | Last year’s ranking: unranked
Trident supplied a range of plastic products and describes itself as South Australia’s largest custom moulder.
98. SA Construct Pty Ltd
Sector: Building and construction | Revenue: $32 million | Last year’s ranking: 96
SA Construct is a South Australian cladding and roofing designer and contractor.
97. Vintage Energy Ltd
Sector: Energy | Revenue: not meaningful| Last Year’s Ranking: 82
Vintage Energy is an oil and gas exploration and energy company.
96. LBT Innovations Ltd
Sector: Health Care | Revenue: not meaningful | Last Year’s Ranking: 93
LBT Innovations Limited develops clinical and diagnostic technology for healthcare services, including intelligent imaging and AI.
95. Prophecy International Holdings Ltd
Sector: Information technology and equipment | Revenue: $13.6 million | Last Year’s Ranking: 98
Prophecy International designs and develops software sold to America, Europe, Middle East, Africa and the Asia-Pacific.
94. Boart Longyear Ltd
Sector: Mining | Revenue: $623.7m | Last Year’s Ranking: 30
Boart Longyear provides drilling services, drilling equipment and performance tooling for mining and drilling companies, with a presence in aftermarket parts and service, energy, mine dewatering, oil sands exploration, production drilling, and down-hole instrumentation.
93. IJF Australia Pty Ltd
Sector: Building and construction | Revenue: Undisclosed | Last Year’s Ranking: 86
IJF Australia is a furniture manufacturer and an office and residential fit-outs provider.
92. VIP Home Services
Sector: Other | Revenue: undisclosed | Last Year’s Ranking: 78
VIP Home Services is a home cleaning, commercial cleaning and lawns and gardens services company.
91. Robern Menz Pty Ltd
Sector: Food and beverage | Revenue: $40 million | Last Year’s Ranking: Unranked
Robern Menz is a confectioner with products including FruChocs and Violet Crumble.
90. Escient Pty Ltd
Sector: Information technology and equipment | Revenue: $21.8m | Last Year’s Ranking: 79
Escient is an employee-owned digital and business advisory firm.
89. Rivergum Homes
Sector: Building and construction | Revenue: $86m | Last Year’s Ranking: 61
Rivergum Homes is a building company servicing property markets in South Australia and Queensland.
88. Chem Supply Australia Pty Ltd
Sector: Other | Revenue: $29.6m | Last Year’s Ranking: 85
Chem Supply Australia Pty Ltd is a manufacturer and supplier of chemicals, reagents and ingredients.
87. Mossop Group Pty Ltd
Sector: Building and construction | Revenue (2019 – last available): $177.4m | Last Year’s Ranking: 74
Mossop is a construction and interiors company working on commercial, education, health, hospitality and residential projects.
86. Core Lithium Ltd
Sector: Mining | Revenue: Not meaningful | Last Year’s Ranking: 87
Core Lithium Ltd a lithium-focused exploration and mining company.
85. Nova Eye Medical Limited (formerly listed as Ellex Medical Lasers Ltd)
Sector: Health Care | Revenue: $12.8m | Last Year’s Ranking (as Ellex): 57
Nova Eye Medical develops novel glaucoma treatment technologies.
84. Fyfe Pty Ltd
Sector: Professional services | Revenue: $48.4m | Last Year’s Ranking: 71
Fyfe is a land, resource and infrastructure development consultancy specialising in engineering, environmental, planning and surveying services for a variety of industries.
83. Rex Minerals Ltd
Sector: Mining | Revenue: Not meaningful | Last Year’s Ranking: 94
Rex Minerals Limited is a mineral exploration and development company.
82. Finsbury Green
Sector: Printing | Revenue: Undisclosed | Last Year’s Ranking: 76
Finsbury Green is a print, managed services and logistics company based in Adelaide.
81. Duxton Broadacre Farms Ltd
Sector: Agriculture | Revenue: $12.7m | Last Year’s Ranking: 68
Duxton Broadacre Farms Limited offers investors a diversified portfolio of Australian farms.
About the SA Business Index
To be eligible for inclusion in the list, companies must:
- Be a South Australian entity with an Adelaide ownership register, or be a South Australian operated entity;
- Be a company founded and majority-owned (50.01 per cent plus) by South Australians.
Companies owned in part or whole by government, government agencies and organisations, and registered charities are not eligible.
While companies don’t have to nominate to be included in the list, which is based on market capitalisation, local businesses are encouraged to put their names forward.
Now in its sixth year, the Index has become a key source of data for those with a keen interest in the South Australian economy and business environment.
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