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EVZ Limited ( (AU:EVZ) ) has issued an announcement.
EVZ Limited reported its strongest financial position to date in the second quarter of FY2026, with a record cash balance of $18.8 million, no drawn debt, and net operating cash inflow of $4.3 million, supported by a 10% year-on-year increase in quarterly cash receipts to $35.5 million and an $80 million contract backlog. All business units are trading profitably with improved margins, underlining the success of the company’s strategic shift toward a diversified industrial model, while its robust balance sheet enables continued pursuit of strategic acquisitions and expansion of its contract portfolio, particularly in businesses such as Brockman Engineering, which has moved beyond legacy contracts to operate sustainably and profitably in the energy and resources sector.
The most recent analyst rating on (AU:EVZ) stock is a Hold with a A$0.24 price target. To see the full list of analyst forecasts on EVZ Limited stock, see the AU:EVZ Stock Forecast page.
More about EVZ Limited
EVZ Limited is transitioning from a traditional engineering projects group into a diversified industrial group, generating revenue and earnings from a broad contract portfolio across selected market sectors, including energy and resources. Its operations focus on long-term customer engagement, value creation, and delivering high-quality contracts across key industries and regions.
Average Trading Volume: 140,831
Technical Sentiment Signal: Buy
Current Market Cap: A$27.34M
Find detailed analytics on EVZ stock on TipRanks’ Stock Analysis page.