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 began yesterday, 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 made special mention of infrastructure company Korvest which increased its net profit after tax by 24 per cent in 2019-20 and has been winning new projects this financial year.
“We expect new mine construction and a pipeline of infrastructure projects, particularly those involving tunnels, to present ongoing opportunities for Korvest,” Dolling said.
He also noted the strong performance of Cochrane’s – a local trucking and logistics company led by chairwoman Jodie Hill.
He said the company had recently committed further to South Australia – and planned for growth – by moving the entire business to a new, purpose-built $20 million site at Gillman featuring an automated parcel sorting line, drive-through truck wash, and axle weighbridge and onsite mechanical workshop.
“New CEO Martin Robb (ex Blackmore’s in Sydney) joined in July this year, and their next-day express parcel delivery service to all of SA is in high demand with the surge in online shopping,” Dolling said.
80. Peter Cochrane Management Pty Ltd (Cochrane’s Transport)
Sector: Infrastructure and Transportation | Revenue: $55.8m | Last Year’s Ranking: 73
Cochrane’s is an express logistics business, servicing South Australia, Mildura and Broken Hill.
79. A Noble & Son Ltd
Sector: Other | Revenue: $47.4m | Last Year’s Ranking: 70
Nobles provides lifting and rigging equipment, technical services and engineering design.
78. Havilah Resources NL
Sector: Mining | Revenue: Not meaningful | Last Year’s Ranking: 90
Havilah Resources NL engages in the exploration of gold, base metals, and other mineral deposits in Australia.
77. Custom Agency Services Pty Ltd
Sector: Infrastructure and Transportation | Revenue: Undisclosed | Last Year’s Ranking: 92
Customs Agency Services is an international freight forwarding and customs brokerage organisation.
76. Korvest Ltd
Sector: Infrastructure and Transportation | Revenue: $63m | Last Year’s Ranking: 83
Korvest is a supplier of cable and pipe supports, industrial access and safety systems, fastening solutions and galvanising services.
75. GPA Engineering
Sector: Professional services | Revenue: Undisclosed | Last Year’s Ranking: 77
GPA is a design, engineering and consultancy company with experience in oil and gas, water treatment and distribution, heavy metals and resources, manufacturing and electrical supply projects.
74. Barton Gold Limited
Sector: Mining | Revenue: Not meaningful | Last Year’s Ranking: Not ranked
Barton Gold is a gold developer with a pipeline of projects and development assets in South Australia.
73. Angove Family Winemakers
Sector: Food and Beverage | Revenue: $60m | Last Year’s Ranking: 65
Founded in 1886, Angove Family Winemakers is a 5th generation, family-owned winery that produces premium South Australian wines, mainly from the McLaren Vale region.
72. L H Perry & Sons Pty Ltd
Sector: Energy | Revenue: $127m | Last Year’s Ranking: 63
LH Perry & Sons is a family-owned fuel distribution company, founded in 1949.
71. AE Haigh Pty Ltd
Sector: Food and Beverage | Revenue: Undisclosed | Last Year’s Ranking: 62
Haigh’s Chocolates creates Australian-made chocolates in Adelaide.
70. Wallbridge Gilbert Aztec
Sector: Professional services | Revenue: $60.8m | Last Year’s Ranking: 66
Wallbridge Gilbert Aztec is an engineering and project management firm offering consulting services, including structural, civil, maritime, mechanical, geotechnical, heavy lifting, temporary works, project management, electrical and pressure vessels.
69. Kangaroo Island Plantation Timbers Ltd
Sector: Agriculture | Revenue: Not meaningful | Last Year’s Ranking: 46
Kangaroo Island Plantation Timbers manages hardwood and softwood forestry plantations on Kangaroo Island.
68. Outside Ideas
Sector: Building and construction | Revenue: $77.5m | Last Year’s Ranking: 80
Outside Ideas is a large-scale landscaping works, civil construction, structural concreting, and maintenance provider.
67. Clean Seas Tuna Ltd
Sector: Agriculture | Revenue: $40.3m | Last Year’s Ranking: 60
Clean Seas is a commercial producer of kingfish and a pioneer in the country’s emerging aquaculture industry.
66. Leigh Creek Energy Ltd
Sector: Energy | Revenue: Not meaningful | Last Year’s Ranking: 45
Leigh Creek Energy Limited is developing a coal gasification project, the Leigh Creek Energy Project, located 550km north of Adelaide.
65. Weeks Group Pty Ltd
Sector: Building and construction | Revenue: $155m | Last Year’s Ranking: 58
Weeks Group is a residential builder in South Australia and Victoria.
64. Arrowcrest Group Pty Ltd
Sector: Automotive | Revenue: $170.4m | Last Year’s Ranking: 53
Arrowcrest is the parent company of automotive and farming machinery companies: ROH Wheels, John Shearer, Unicast, Tristar, NonFerral, Kockums Industries and Brownbuilt.
63. Bionomics Ltd
Sector: Biotechnology | Revenue: $46,662 | Last Year’s Ranking: 99
Bionomics is a biopharmaceutical company involved in the development of treatments for central nervous system disorders such as anxiety, depression and Alzheimer’s disease.
62. Independent Pub Group Holdings Pty Limited (GM Hotels)
Sector: Food and Beverage | Revenue: $85.1m (2019 – last available data) | Last Year’s Ranking: 55
Independent Pub Group Holdings operates licensed hotels and retail liquor outlets in South Australia.
61. Iron Road Ltd
Sector: Mining | Revenue 2019: Not meaningful | Last Year’s Ranking: 84
Iron Road is an iron ore exploration and mining company.
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.
In partnership with
Local News Matters
Media diversity is under threat in Australia – nowhere more so than in South Australia. The state needs more than one voice to guide it forward and you can help with a donation of any size to InDaily. Your contribution goes directly to helping our journalists uncover the facts. Please click below to contribute to InDaily.