EVZ Secures AU$28.5 Million in New Contracts

EVZ has announced two significant contracts totaling AU$28.5 million in the energy and resources sector, indicating strong revenue growth potential. This expansion positions the company favorably for future profits.

Date: 10-01-2025

AI Rating: 7

Contract Awards Indicate Growth Potential

Australian engineering services company EVZ has successfully been awarded contracts totaling AU$28.5 million through its subsidiary Brockman Engineering. This positive development highlights the company's ongoing success in the energy and resources sectors.

The contracts include the engineering and construction of the Hastings fuel terminal expansion and storage tanks for the Eneabba rare earths refinery. Both projects will contribute to EVZ's revenue and earnings in the fiscal years 2025 and 2026, showcasing a potential for revenue growth and an increase in earnings.

CEO Scott Farthing emphasized the strategic nature of these projects, stating that they place EVZ among the top innovative providers in its industry. As the company continues to secure contracts and expand its operational footprint, the outlook for its profit margins appears positive, with an anticipated boost from these projects.

Stocks: EVZ