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The latest announcement is out from EVZ Limited ( (AU:EVZ) ).
EVZ Limited reported its highest-ever quarterly cash balance and working capital, underpinned by net operating cash inflow of $3.7 million and cash receipts of $34.1 million, up 47% on the prior corresponding period. The company closed the third quarter with $21.4 million in cash, no drawn debt, and an $80 million contract backlog, supported by numerous active tenders and prospects for FY27.
Management said the strong cash position and robust underlying trading performance provide strategic flexibility to pursue accretive acquisitions that can accelerate portfolio expansion and deepen its presence in selected market sectors. In the energy and resources segment, Brockman Engineering is positioned to benefit from Australia’s growing onshore fuel storage requirements and is also prepared to support remediation work at Viva Energy’s Geelong refinery following the recent incident.
More about EVZ Limited
EVZ Limited is transitioning into a diversified industrial platform, generating an increasing share of revenue and earnings from a broad contract base across priority industries and regions. Through its Brockman Engineering business, the company provides specialist engineering design, construction and maintenance of bulk fuel storage tanks and related distribution assets to support Australia’s expanding onshore fuel storage infrastructure needs.
Average Trading Volume: 161,457
Technical Sentiment Signal: Buy
Current Market Cap: A$43.74M
Find detailed analytics on EVZ stock on TipRanks’ Stock Analysis page.