EVZ Posts Positive Annual Cash Flow for FY26 as Customer Receipts Rise 18%

EVZ Limited (ASX: EVZ) generated net positive operating cash flow of $10.1 million for the financial year ended 30 June 2026 as customer receipts increased 18% from the previous year.

Full-year cash receipts reached $142m, including $29m collected during the June quarter, while the group finished the period with $18.3m in cash and no drawn loan debt.

The industrial services group enters FY27 with an $80m contract backlog, active tender opportunities, and an acquisition pipeline that could support further portfolio growth.

Management is continuing EVZ’s transition into a diversified industrial business through operational initiatives intended to improve margins and reduce commercial risk across its business units.

The group also has numerous active tender bids and prospects across its target sectors, providing a pipeline beyond the existing $80m contracted backlog.

Cash Position Supports Growth

Although the June quarter produced a $2.4m operating cash outflow, two expected payments arrived in the days immediately after the period closed.

EVZ attributed the quarterly outflow primarily to the timing of those delayed receipts, with underlying trading, margin expansion, and working capital management continuing to support the broader financial position.

The group spent $128,000 on property, plant, and equipment during the quarter, paid a $608,000 dividend, and closed with total available funding of $27.4m when unused finance facilities were included.

Its facilities comprised a $5m loan facility that remained undrawn, a $500,000 credit standby arrangement, and a $10m bank guarantee facility, leaving $9.1m unused across the total funding structure.

Energy Businesses Expand

Brockman Engineering continued profitable delivery across specialist engineering design, construction, and maintenance work for bulk fuel storage tanks and associated distribution assets.

The business is supporting industry partners with technical and financial analysis as they prepare responses to the Federal Government’s $10.2 billion funding package for fuel storage and supply network resilience.

TSF Power maintained growth across gas engine service and maintenance, spare parts sales, lubricants, engine renewal, and standby power plant maintenance, supported by a broader customer base.

EVZ expects Australia’s expanding installed generation base over the next three years to increase service demand and strengthen recurring revenue streams for TSF Power.

Water Operations Momentum

Syfon Systems entered FY27 with a substantial contracted backlog and sustained tender activity across its Australian water infrastructure operations.

Syfon Systems Asia is gaining momentum across Malaysia, Indonesia, and Vietnam as infrastructure investment and strategic partnerships support additional project opportunities.

Tank Industries recorded a material revenue uplift after delivering major process water storage assets, including work for a large-scale data centre in Melbourne’s western suburbs.

Further investment in manufacturing and fabrication capability is improving operating efficiency, margins, and scalability, with momentum expected to continue into the first half of FY27.

EVZ is progressing several acquisition opportunities that complement its existing capabilities and could accelerate the expansion of its diversified industrial portfolio.