• Revenue down 9% due to delays in new contract commencements
• EBITDA and profit reduced in line with revenue
• Strong balance sheet with no debt and $10.7M cash
• Backlog of over $110M provides confidence in future revenue and earnings

EVZ Ltd has reported its financial results for the first half of the 2025 financial year. Revenue from ordinary activities was $54.2M, down 9% from the previous corresponding period, due to slower than expected new contract commencements. EBITDA reduced in proportion to the sales revenue decline, also down 9% from the prior period. Despite the revenue and earnings reduction, the company's balance sheet remains strong, with net assets of $34M, no debt, and a cash balance of $10.7M at the end of the period. The company's strategic plan to increase business scale through organic growth, improved operational efficiency, and targeted acquisitions is progressing. The group currently has $110M in contract backlog, providing confidence in future revenue and earnings conversion in FY2025 and FY2026. Investment in expanding the company's geographic reach and improving skilled capability, coupled with a growing market size, is expected to drive further growth in the Energy & Resources and Building Products divisions. The company plans to continue expanding its service offering and pursuing both organic and acquisitive growth opportunities in line with its strategic plan.

The company expects further revenue and profit growth in coming periods through a combination of geographic expansion and business operational improvement in the Energy & Resources and Building Products sectors, as well as the pursuit of strategic business acquisitions.

EVZ's strategic plan to increase business scale through organic growth, improved operational efficiency, and targeted acquisitions is progressing. The company has a strong backlog of over $110M in contract revenue, providing confidence in future growth. Investment in expanding geographic reach and improving skilled capability, coupled with a growing market size, is expected to drive further revenue and profit growth.