• Highest quarterly cash balance and working capital since inception
• Net positive operating cash flow of $4.3M
• Cash balance of $18.8M with no drawn debt
• Contract backlog of $80M, including recent wins

EVZ Ltd recorded its highest quarterly cash balance and working capital level since inception, with a net positive operating cash flow of $4.3M for the quarter. The company's cash balance stood at $18.8M with no drawn debt at the end of the second quarter. Cash receipts for the quarter were $35.5M, up 10% on the previous corresponding period. EVZ's contract backlog reached $80M, including the most recent contract wins. All of the company's business units are trading profitably, with improved margins across the group. EVZ is progressing its transition from an engineering projects group to a diversified industrial group, with revenue and earnings increasingly derived from a broad, resilient contract portfolio across selected market sectors. The company's strong cash position supports the active pursuit of strategic acquisitions that complement its existing operations and accelerate its evolution into a diversified industrial group.