EVZ (ASX:EVZ) has delivered a standout financial performance for the first half of the 2026 fiscal year, characterised by surging profitability and a record-breaking cash position.
The engineering and energy services group reported a 16% increase in revenue, reaching $63.1 million, bolstered by heightening demand across its core Energy & Resources and Building Products divisions.
EBITDA jumped 78% to $4.4 million, while net profit after tax skyrocketed by 191% compared to the same period last year, settling at $1.96 million.
The operational efficiency has culminated in a "fortress" balance sheet; EVZ currently holds $18.8 million in cash—its highest since inception—with no drawn debt and net assets totaling $36.6 million.
CEO Scott Farthing attributed the success to a more collaborative internal culture and a strategic alignment with growing market sectors.
"The result reflects meaningful improvement across the group’s business units," Farthing stated, noting that the company's stabilised financial footing has paved the way for increased shareholder returns.
The board has declared a fully franked interim dividend of 0.5 cents per share, scheduled for payment on April 21.
At the time of reporting, EVZ's share price was $0.30.