Quarterly Activities/Appendix 4C Cash Flow Report

• Net positive operating cash flow of $3.7M for the quarter
• Cash balance of $21.4M with no drawn debt
• Contract backlog of $80M, including recent contract wins

EVZ Ltd has reported a strong net operating cash inflow of $3.7 million for the third quarter of the financial year, reflecting a robust underlying trading performance, margin expansion, and disciplined working capital management. This result positions the business to sustain positive momentum through the continued execution of high-quality contracts that enhance and scale the company's diversified portfolio across priority industries and regions. The Group is accelerating its transition to a diversified industrial platform, with a growing proportion of revenue and earnings generated from a broad, resilient contract base in selected market sectors. This evolution is supported by a focus on deepening long-term customer partnerships and driving consistent, sustainable value creation. EVZ's strong cash position provides strategic flexibility to pursue accretive acquisition opportunities that complement existing capabilities and fast-track portfolio expansion. The pipeline remains active, with several high-quality opportunities under evaluation that have the potential to be executed in the near term, further strengthening growth prospects.

The near to medium-term outlook remains highly favourable, supported by a materially expanding installed generation base across Australia over the next three years. This growth is expected to drive increased service intensity, enhance recurring revenue streams, and further strengthen TSF Power's market position.