How EVZ Limited’s $90M Backlog Fuels Its FY26 Growth Ambitions
EVZ Limited reported solid FY2025 results with an 8% increase in revenue to $108 million and a 20% rise in EBITDA, underpinned by operational improvements and a robust contract backlog exceeding $90 million.
- Revenue increased 8% to $108 million in FY25
- EBITDA rose 20% to $35 million, reflecting margin improvements
- Contract backlog exceeds $90 million, supporting FY26 revenue
- Balance sheet strengthened with $10.6 million cash and 18.6 cents NTA per share
- Strategic focus on organic growth, operational efficiency, and targeted acquisitions
Strong Financial Performance Amid Market Challenges
EVZ Limited closed FY2025 with encouraging financial results, reporting revenue of $108 million, an 8% increase over the prior year. This growth was achieved despite tightening market conditions, particularly in the Energy & Resources sector, where the company strategically prioritized contract quality over volume. EBITDA climbed 20% to $35 million, a clear sign that margin improvement initiatives and operational efficiencies are beginning to bear fruit.
The company’s focus on completing legacy contracts with lower margins has allowed it to reset its earnings base, positioning EVZ for stronger profitability going forward. Operational improvements, especially at Brockman Engineering, are expected to continue driving earnings growth in FY2026 and beyond.
Robust Backlog and Strengthened Balance Sheet
EVZ’s contract revenue backlog now exceeds $90 million, providing a solid foundation for revenue conversion in the coming year. This backlog includes recent contract wins across both the Energy & Resources and Building Products divisions, reflecting sustained demand and the company’s ability to secure work in competitive markets.
Financially, EVZ’s balance sheet remains strong with $10.6 million in cash at financial year-end and net tangible assets per share rising to 18.6 cents. The company is debt-free, giving it flexibility to pursue strategic acquisitions and invest in growth initiatives.
Strategic Growth and Geographic Expansion
EVZ’s strategic plan emphasizes scaling through organic growth, operational efficiency, and targeted acquisitions. The company is actively expanding its footprint in Asia, where the Building Products division benefits from urbanization and economic recovery in markets such as Malaysia, Vietnam, and Indonesia. Meanwhile, the Energy & Resources division is focused on Australia’s energy transition, delivering technical services aligned with cleaner energy infrastructure projects.
Key projects like the Hastings Terminal Expansion and The Light City development in Penang showcase EVZ’s technical capabilities and market reach. The company is also investing in new equipment and risk management practices to improve execution and margins.
Outlook for FY26
Looking ahead, EVZ enters FY26 with confidence. While the Energy & Resources sector faces a temporary tightening, the company anticipates renewed investment and growth. The Building Products division is expected to maintain strong momentum, particularly in Asian markets. EVZ’s continued focus on operational efficiency, capital management, and strategic acquisitions aims to deliver sustainable shareholder value and long-term growth.
Bottom Line?
EVZ’s FY25 results set a promising stage for FY26, but execution on margin improvements and acquisitions will be key to sustaining momentum.
Questions in the middle?
- How will EVZ navigate the current tightening in the Energy & Resources sector?
- What specific acquisition targets align with EVZ’s strategic growth plans?
- Can operational improvements at Brockman Engineering deliver the anticipated margin uplift?