South Australian Business Index 2019 – the full list

Today we unveil InDaily‘s South Australian Business Index 2019 – showcasing the state’s top 100 most successful local companies.

Sep 20, 2019, updated May 14, 2025

100. Landscape Construction Services Pty Ltd

Sector: Building and construction | Revenue 2019: $21.6m | Last Year’s Ranking: 94

LCS Landscapes is a commercial and residential landscaping design, construction, and maintenance firm.

99. Bionomics Ltd

Sector: Biotechnology | Revenue 2019: $4m | Last Year’s Ranking: 27

Bionomics is a biopharmaceutical company involved in the development of treatments for central nervous system disorders such as anxiety, depression and Alzheimer’s disease.

98. Prophecy International Holdings Ltd

Sector: Information technology and equipment | Revenue 2019: Undisclosed | Last Year’s Ranking: 87

Prophecy International design and develop software sold to America, Europe, Middle East, Africa and the Asia-Pacific.

97. Rising Sun Pictures

Sector: Information technology and equipment | Revenue 2019: Not meaningful | Last Year’s Ranking: Not ranked

Rising Sun Pictures creates visual effects for major film studios worldwide, including work on Hollywood blockbusters. It has contributed to over 120 movies.

96. SA Construct Pty Ltd

Sector: Building and construction | Revenue 2019: $30m | Last Year’s Ranking: Not ranked

SA Construct is a South Australian cladding and roofing designer and contractor.

95. Tonkin Consulting

Sector: Professional services | Revenue 2019: Undisclosed | Last Year’s Ranking: 86

Tonkin provides engineering, environmental and related services to private and public organisations.

94. Rex Minerals Ltd

Sector: Mining | Revenue 2019: Not meaningful | Last Year’s Ranking: 92

Rex Minerals Limited is a mineral exploration and development company with copper-gold projects on the Yorke Peninsula. 

93. LBT Innovations Ltd

Sector: Health Care | Revenue 2019: $2.6m | Last Year’s Ranking: 99

LBT Innovations Limited develops clinical and diagnostic technology for healthcare services, including intelligent imaging and AI.

92. Custom Agency Services Pty Ltd

Sector: Infrastructure and Transportation | Revenue 2019: Undisclosed | Last Year’s Ranking: 90

Customs Agency Services is an international freight forwarding and customs brokerage organisation.

91. Asian American Medical Group Ltd

Sector: Health Care | Revenue 2019: $17.5m | Last Year’s Ranking: 75

Asian American Medical Group, based in Adelaide, was first established as a liver treatment centre and has expanded into broader health services.

90. Havilah Resources NL

Sector: Mining | Revenue 2019: Not meaningful | Last Year’s Ranking: 78

Havilah Resources NL engages in the exploration of gold, base metals, and other mineral deposits in Australia.

89. Centrex Metals Ltd

Sector: Mining | Revenue 2019: Not meaningful | Last Year’s Ranking: 82

Centrex Metals Limited is a resources exploration and mining company focused supplying the fertiliser market.

88. Iocane Pty Ltd

Sector: Information technology and equipment | Revenue 2019: $25.8m | Last Year’s Ranking: Not Ranked

Iocane is an independent ICT services provider based in Adelaide.

87. Core Lithium Ltd

Sector: Mining | Revenue 2019: Not meaningful | Last Year’s Ranking: 95

Core Lithium Ltd a lithium-focused exploration and mining company, developing the Finniss Lithium Project, near Darwin.

86. IJF Australia Pty Ltd

Sector: Building and construction | Revenue 2019: Undisclosed | Last Year’s Ranking: 96

IJF Australia is a furniture manufacturer and an office and residential fit-outs provider.

85. Chem Supply Pty Ltd

Sector: Other | Revenue 2019: $22.8m | Last Year’s Ranking: 83

Chem Supply Pty Ltd is a manufacturer and supplier of laboratory and industrial specialty chemical products.

84. Iron Road Ltd

Sector: Mining | Revenue 2019: Not meaningful | Last Year’s Ranking: 62

Iron Road’s vision is to become a trusted and reliable supplier of premium iron concentrates to the Asian marketplace.

83. Korvest Ltd

Sector: Infrastructure and Transportation | Revenue 2019: $60.8m | Last Year’s Ranking: 91

Korvest is a supplier of cable and pipe supports, industrial access and safety systems, fastening solutions and galvanising services.

82. Vintage Energy Ltd

Sector: Energy | Revenue 2019: Undisclosed | Last Year’s Ranking: 91

Vintage Energy is an oil and gas exploration and energy company.

81. Buddy Platform Ltd

Sector: Information technology and equipment | Revenue 2019: $8.9m | Last Year’s Ranking: 61

Buddy Platform Limited produces data aggregation, management and control platforms for the internet of things and connected devices. 

80. Outside Ideas

Sector: Building and construction | Revenue 2019: $44.7m | Last Year’s Ranking: Not ranked

Outside Ideas is a large-scale landscaping works, civil construction, structural concreting, and maintenance provider.

79. Escient Pty Ltd

Sector: Information technology and equipment | Revenue 2019: $16.2m | Last Year’s Ranking: 85

Escient is an employee-owned digital and business advisory firm that helps clients define and achieve their strategic goals.

78. VIP Home Services

Sector: Other | Revenue 2019: $100m | Last Year’s Ranking: 76

VIP Home Services is a home cleaning, commercial cleaning and lawns and gardens services company.

77. Hillgrove Resources Ltd

Sector: Mining | Revenue 2019: $202m | Last Year’s Ranking: 65

Hillgrove Resources Limited is a mining company focused on developing its flagship Kanmantoo Copper Mine and associated regional exploration targets.

76. Finsbury Green

Sector: Printing | Revenue 2019: Undisclosed | Last Year’s Ranking: 74

Finsbury Green is an environmentally friendly print, managed services and logistics company based in Adelaide.

75. GPA Engineering

Sector: Professional services | Revenue 2019: 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. Mossop Group Pty Ltd

Sector: Building and construction | Revenue 2019: $177m | Last Year’s Ranking: 73

Mossop is a construction and interiors company working on commercial, education, health, hospitality and residential projects.

73. Peter Cochrane Management Pty Ltd (Cochrane’s)

Sector: Infrastructure and Transportation | Revenue 2019: $50.9m | Last Year’s Ranking: 63

Cochrane’s is an express logistics business, servicing South Australia, Mildura and Broken Hill.

72. MGM Wireless Ltd

Sector: Information technology and equipment | Revenue 2019: $7.1m | Last Year’s Ranking: Not ranked

MGM Wireless is a community engagement and school attendance platform, helping manage and streamline communications between parents and educators.

71. Fyfe Pty Ltd

Sector: Professional services | Revenue 2019: $44m | Last Year’s Ranking: 69

Fyfe is a land, resource and infrastructure development consultancy specialising in engineering, environmental, planning and surveying services for a variety of industries.

70. A Noble & Son Ltd

Sector: Other | Revenue 2019: $47.9m | Last Year’s Ranking: 71

Nobles provides lifting and rigging equipment, technical services and engineering design.

69. Beston Global Food Company Ltd

Sector: Agriculture | Revenue 2019: $84.8m | Last Year’s Ranking: 54

Beston Global Food Company Limited exports dairy products, meat, seafood and spring water.

68. Duxton Broadacre Farms Ltd

Sector: Agriculture | Revenue 2019: $13.6m | Last Year’s Ranking: 58

Duxton Broadacre Farms Limited offers investors a diversified portfolio of Australian farms.

67. Aerometrex Pty Ltd

Sector: Information technology and equipment | Revenue 2019: Undisclosed | Last Year’s Ranking: Not ranked

Aerometrex provides high-resolution spacial data products and services using aerial mapping technology.

66. Wallbridge Gilbert Aztec

Sector: Professional services | Revenue 2019: $51.9m | Last Year’s Ranking: 72

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.

65. Angove Family Winemakers

Sector: Food and Beverage | Revenue 2019: $56m | Last Year’s Ranking: 64

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.

64. Micro-X Ltd

Sector: Health Care | Revenue 2019: $1.39m | Last Year’s Ranking: 67

Micro-X produces, designs, develops and manufactures a range of ultra-lightweight, mobile x-ray imaging systems for medical and security applications.

63. L H Perry & Sons Pty Ltd

Sector: Energy | Revenue 2019: $126.2m | Last Year’s Ranking: 66

LH Perry & Sons is a family-owned fuel distribution company, founded in 1949.

62. AE Haigh Pty Ltd

Sector: Food and Beverage | Revenue 2019: $57m | Last Year’s Ranking: 59

Haigh’s Chocolates is a creates quality Australian-made chocolates in Adelaide.

61. Rivergum Homes

Sector: Building and construction | Revenue 2019: $130m | Last Year’s Ranking: 46

Rivergum Homes is a building company servicing property markets in South Australia and Queensland.

60. Clean Seas Tuna Ltd

Sector: Agriculture | Revenue 2019: $46.1m | Last Year’s Ranking: 44

Clean Seas is a commercial producer of kingfish and a pioneer in the country’s emerging aquaculture industry.

59. Guidera O’Connor Pty Ltd

Sector: Building and construction | Revenue 2019: $60m | Last Year’s Ranking: 56

Guidera O’Connor Pty Ltd provides design and construction services to the Australian water industry.

58. Weeks Group Pty Ltd

Sector: Building and construction | Revenue 2019: $150.6 | Last Year’s Ranking: 52

Weeks Group is a residential builder in South Australia and Victoria.

57. Ellex Medical Lasers Ltd

Sector: Health Care | Revenue 2019: $81.6 | Last Year’s Ranking: 42

Ellex Medical Lasers designs, manufactures and markets lasers used by ophthalmologists.

56. SAGE Group Holdings Ltd

Sector: Professional services| Revenue 2019: $96.8m | Last Year’s Ranking: 50

SAGE Group Holdings Ltd, together with its subsidiaries, provides electrical engineering and automation services in Australia.

55. GM Hotels

Sector: Food and Beverage | Revenue 2019: $90.7m | Last Year’s Ranking: 47

Independent Pub Group Holdings (trading as GM Hotel) operates licensed hotels and retail liquor outlets in South Australia.

54. Galipo Foods

Sector: Food and Beverage | Revenue 2019: $114.9m | Last Year’s Ranking: 49

Galipo Foods is a large-scale supplier to the food service industry.

53. Arrowcrest Group Pty Ltd

Sector: Automotive | Revenue 2019: $191.4m | Last Year’s Ranking: 45

Arrowcrest is the parent company of automotive and farming machinery companies: ROH Wheels, John Shearer, Unicast, Tristar, NonFerral, Kockums Industries and Brownbuilt.

52. RJE Global

Sector: Building and construction | Revenue 2019: $120m | Last Year’s Ranking: 48

Established in 1996, RJE provides multi-disciplinary engineering and construction services to complex projects across a range of industries.

51. Woods Bagot

Sector: Professional services | Revenue 2019: $124.8m | Last Year’s Ranking: Not ranked

Woods Bagot is a global architecture, design and consultancy firm, based in Adelaide.

50. Legend Corporation Ltd

Sector: Information technology and equipment | Revenue 2019: $130m | Last Year’s Ranking: 60

Legend Corporation Limited is an engineering firm, operating in electrical, power, rail, mining, information technology, semiconductor, medical and defence industries.

49. Hickinbotham Group of Companies

Sector: Building and construction | Revenue 2019: Undisclosed | Last Year’s Ranking: 43

Hickinbotham is a major residential developer, building homes in and around Adelaide.

48. Terramin Australia Ltd

Sector: Mining | Revenue 2019: Not meaningful | Last Year’s Ranking: 31

Terramin is a base and precious metal development company with advanced zinc and gold projects in South Australia and Algeria.

47. Thomson Geer

Sector: Professional services | Revenue 2019: $151m | Last Year’s Ranking: 39

Thomson Geer is a large corporate law firm working with ASX clients, major global foreign corporations, government enterprises and private corporations.

46. Kangaroo Island Plantation Timbers Ltd

Sector: Agriculture | Revenue 2019: Not meaningful | Last Year’s Ranking: 41

Kangaroo Island Plantation Timbers manages a portfolio of hardwood and softwood forestry plantations on Kangaroo Island.

45. Leigh Creek Energy Ltd

Sector: Energy | Revenue 2019: Not meaningful | Last Year’s Ranking: 57

Leigh Creek Energy Limited is developing a coal gasification project, the Leigh Creek Energy Project, located 550km north of Adelaide.

44. Australian Vintage Ltd

Sector: Food and Beverage | Revenue 2019: $269.2m | Last Year’s Ranking: 33

Leading Australian wine company with a fully-integrated wine business model including vineyards, boutique and bulk wine production, packaging, marketing and distribution. 

43. Alice Car Centre Pty Ltd

Sector: Automotive | Revenue 2019: $288m | Last Year’s Ranking: 51

Alice Car Centre is an entity of the Peter Kittle Motor Company, which runs a series of automotive dealerships.

42. CATCON

Sector: Building and construction | Revenue 2019: $157m | Last Year’s Ranking: 35

CATCON (Civil & Allied Technical Construction Pty Ltd) is a civil engineering and construction company that delivers and manages power, mining, water and general infrastructure projects for national and international clients.

41. Duxton Water Ltd

Sector: Agriculture | Revenue 2019: $28.2m | Last Year’s Ranking: 40

Duxton Water Limited is a South Australian investment firm with water entitlements in the Southern Murray Darling Basin.

40. Lucas Total Contract Solutions Pty Ltd

Sector: Civil Construction / Mining | Revenue 2019: $107.1m | Last Year’s Ranking: Not ranked

Lucas TCS is a privately-owned Civil Engineering and construction company, founded over 50 years ago which has worked with some of Australia’s leading mining and resource organisations.

39. Leader Computers Pty Ltd

Sector: Information technology and equipment | Revenue 2019: $229m | Last Year’s Ranking: 37

Leader Computers Pty Ltd is a manufacturer and distributor of high quality information communications technology products.

38. Nova Group

Sector: Professional services | Revenue 2019: $180m | Last Year’s Ranking: 38

Nova Group is the umbrella entity for a series of professional services firms operating in the areas of defence, aerospace, mapping, energy and utilities, software, communications and transportation.

37. McMahon Services Australia Pty Ltd

Sector: Building and construction | Revenue 2019: $373m | Last Year’s Ranking: 32

McMahon Services is a privately-owned industrial, construction and environmental services provider established in 1990.

36. Alcidion Group Ltd

Sector: Health Care | Revenue 2019: $16.7m | Last Year’s Ranking: 80

Alcidion Group Limited is a health informatics company providing clinicians with decision support tools.

35. Uniti Wireless Limited Ltd

Sector: Information technology and equipment | Revenue 2019: $14.3m | Last Year’s Ranking: Not ranked

Uniti Wireless is a broadband internet provider, servicing homes and businesses across Australia.

34. Badge Group Holdings Pty Ltd

Sector: Building and construction | Revenue 2019: $295m | Last Year’s Ranking: 30

Privately-owned construction group delivering commercial projects across Australia from offices in Adelaide, Brisbane, Maroochydore and Perth.

33. Samuel Smith & Son Pty Ltd

Sector: Food and Beverage | Revenue 2019: $297.2m | Last Year’s Ranking: 29

Samuel Smith & Son is a family-owned wine merchant established in 1923, servicing the Australian liquor industry with a portfolio of national and international wines, spirits and premium ales.

32. Detmold Holdings Pty Ltd

Sector: Packaging | Revenue 2019: $470m | Last Year’s Ranking: 28

The Detmold Group is a manufacturer of paper and board-based packaging products for a diverse range of customers.

31. Beyond Bank Australia Ltd

Sector: Financial | Revenue 2019: $256m | Last Year’s Ranking: 26

A fully customer-owned bank, bringing together a number financial organisations that provide banking services, community investments, grants and sponsorships.

30. Boart Longyear Ltd

Sector: Mining | Revenue 2019: $770m | Last Year’s Ranking: 34

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.

29. Almondco Australia Ltd

Sector: Agriculture | Revenue 2019: $268m | Last Year’s Ranking: Not ranked

Almondco Australia supplies premium quality almond products to the world. 

28. MGA and Whittles Group of Companies

Sector: Financial | Revenue 2019: $122m | Last Year’s Ranking: 25

The group has been providing risk advice and a general insurance broking service for over 35 years.

27. Michell Wool Pty Ltd

Sector: Agriculture | Revenue 2019: $166m | Last Year’s Ranking: Not ranked

GH Michell and Sons is synonymous with the Australian wool industry. Since 1870, the family business has processed wool and traded it across the globe.

26. Drake Supermarkets Pty Ltd

Sector: Food and Beverage | Revenue 2019: $1b | Last Year’s Ranking: 20

Drakes Supermarkets is the largest independent grocery retailer in Australia, and specialises in supermarket retailing. 

25. San Remo

Sector: Food and Beverage | Revenue 2019: $325m | Last Year’s Ranking: 23

Clearlight Investments Pty Ltd, trading as pasta company San Remo, has a manufacturing facility in Adelaide and offices and distribution centres in all main capital cities throughout Australia and New Zealand.

24. ResourceCo

Sector: Waste Disposal | Revenue 2019: $332m | Last Year’s Ranking: 24

Founded in 1993, the waste services company provides recycling, soil and waste management services, and produces alternative fuels.

23. Sarah Group

Sector: Building and construction | Revenue 2019: $350m | Last Year’s Ranking: 21

Doneilyn Pty Ltd, trading as Sarah Group, is a locally-owned private company that derives its revenue from the provision of construction services. 

22. Sealink Travel Group Ltd

Sector: Infrastructure and Transportation | Revenue 2019: $248m | Last Year’s Ranking: 16

Sealink is a tourism and transport company, operating across Australia, with more than 900 staff and six million customers annually.

21. Strike Energy Ltd

Sector: Energy | Revenue 2019: Not meaningful | Last Year’s Ranking: 36

Strike is an oil and gas exploration company with assets in South Australia’s Cooper Basin and Western Australia’s Perth Basin.

20. Ahrens Group Pty Ltd

Sector: Building and construction | Revenue 2019: $360m | Last Year’s Ranking: 22

Ahrens Group is a construction, engineering and mining services company, delivering a  range of project services from design, steel fabrication and procurement through to construction and project delivery.

19. Coopers Brewery Ltd

Sector: Food and Beverage | Revenue 2019: $248m | Last Year’s Ranking: 19

Established in 1862, Coopers is the sole major brewer 100 per cent owned by Australians, claiming more than 5% of the Australian beer market.

18. People’s Choice Credit Union

Sector: Financials | Revenue 2019: $403m | Last Year’s Ranking: 17

One of Australia’s largest credit unions with 375,000 members across Australia and branches in South Australia, Northern Territory, Victoria, Western Australia and Australian Capital Territory.

17. Royal Automobile Association of South Australia Inc

Sector: Automotive | Revenue 2019: $439m | Last Year’s Ranking: 18

The RAA, established in 1903 to serve the motoring-related needs of South Australians, provides insurance, security, travel, finance, motoring and road safety products and services. 

16. SWEAT

Sector: Information technology and equipment | Revenue 2019: $100m | Last Year’s Ranking: Not ranked

Sweat offers exercise programs and meal plans through a South Australian-developed mobile application.

15. Kilbirnie Investments Pty Ltd (CMV Group)

Sector: Automotive | Revenue 2019: $1.3b | Last Year’s Ranking: 14

Kilbirnie Investments has a series of automotive dealerships and horticulture assets, predominately in South Australia and Victoria.

14. Discovery Parks Holdings Pty Ltd

Sector: Travel and accommodation | Revenue 2019: $145m | Last Year’s Ranking: 15

Discovery Parks manages more than 60 caravan and cabin holiday parks around the country, with a head office based in Adelaide.

13. Mayne Pharma Group Ltd

Sector: Health Care | Revenue 2019: $525m | Last Year’s Ranking: 7

Mayne Pharma Group is a specialty pharmaceutical company focused on applying its drug delivery expertise to commercialise branded and generic pharmaceuticals. 

12. Codan Ltd

Sector: Information technology and equipment | Revenue 2019: $270m | Last Year’s Ranking: 13

Provides technology solutions for communications, safety, security and productivity problems in the harshest environments on earth. 

11. Elders Ltd

Sector: Agriculture | Revenue 2019: $1.6b | Last Year’s Ranking: 11

Elders is an agribusiness company, operating across rural and regional Australia.

10. Cooper Energy Ltd

Sector: Energy | Revenue 2019: $75m | Last Year’s Ranking: 12

Cooper Energy is an energy company that discovers, develops and commercialises oil and gas in Australia.

9. Thomas Foods International Consolidated Pty Ltd

Sector: Food & Beverage | Revenue 2019: $1.6b | Last Year’s Ranking: 10

Thomas Foods International is Australia’s largest 100 per cent family-owned meat-processing company.

8. Adelaide Airport

Sector: Infrastructure and Transportation | Revenue 2019: $233m | Last Year’s Ranking: 8

Adelaide Airport is the fourth-largest domestic airport and sixth-largest international airport in Australia, processing more than 7.7 million passengers annually. Parafield Airport is South Australia’s premier general aviation airport and is a major world-standard international training airport.

7. Flinders Port Holdings Pty Ltd

Sector: Infrastructure & Transportation | Revenue 2019: $298m | Last Year’s Ranking: 9

Flinders Port Holdings is a privately-owned port operator with seven ports in South Australia, also offering hydrographic survey services.

6. Adelaide Brighton Ltd

Sector: Building & Construction | Revenue 2019: $1.6b | Last Year’s Ranking: 4

Adelaide Brighton Limited is a construction materials and lime producer, established in 1882, with approximately 1400 employees and operations in every state and territory in Australia.

5. Peregrine Corporation Pty Ltd

Sector: Retail & Fuel | Revenue 2019: $2.5b | Last Year’s Ranking: 6

Peregrine Corporation is proudly Australian owned and South Australia’s largest private employer, with over 4200 employees. Over the last 30 years, Peregrine Corporation has developed award-winning business operations including OTR convenience stores, The Bend Motorsport Park, Giftbox, and Property investments.

4. OZ Minerals Ltd

Sector: Mining | Revenue 2019: $1.1b | Last Year’s Ranking: 5

Oz Minerals is a copper-focused international company based in South Australia with a copper-gold-silver mine at Prominent Hill and developing one of Australia’s largest copper-gold resources at Carrapateena. It was was formed in 2008 by the merger of two Australian non-ferrous metals mining businesses – Oxiana and Zinifex.

3. Beach Energy Ltd

Sector: Energy | Revenue 2019: $2.1b | Last Year’s Ranking: 3

Formed in 1961, Beach Energy is an oil and gas exploration and production company headquartered in Adelaide. Beach has a core focus on the resource-rich Cooper Basin.

2. Argo Investments Ltd

Sector: Financial | Revenue 2019: $305m | Last Year’s Ranking: 2

Established in 1946, Argo is South Australia’s leading listed investment company.

1. Santos Ltd

Sector: Energy | Revenue 2019: $4.7b | Last Year’s Ranking: 1

Santos is a major oil and gas producer, supplying Australian and Asian customers with a portfolio of high-quality liquefied natural gas, pipeline gas and oil assets.

*To be eligible for inclusion in the Index 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 (50.01 per cent plus) owned by South Australians.

Companies owned in part or whole by government, government agencies and organisations, and registered charities are not eligible for consideration.

Listed entities have a readily ascertainable value per security, allowing for transparent market capitalisation. For unlisted companies, valuations have been estimated using industry margin benchmarking (available from the ABS and ATO) and a consistently applied price to earnings multiple.

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