EVZ Limited Maintains Strong Contract Backlog

EVZ Limited (AU:EVZ) has released an update.

EVZ Limited reported a quarterly cash inflow of $23.9M and a year-to-date total of $92.3M, despite a net operating cash outflow of $3.2M due to seasonal variations. The company holds a strong cash position with $6.5M and no debt, coupled with a solid contract backlog valued at approximately $70M and ongoing projects like the Viva Energy Strategic Storage project, which is on track for completion in July 2024. EVZ is actively pursuing transformative acquisition opportunities to increase its market share in the Energy and Resources and Building Products sectors.

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