- Business
- EVZ Limited (ASX:EVZ) provides specialist engineering services across the energy and resources, and building products sectors in Australia and Southeast Asia. The company operates through four core businesses: Brockman Engineering, which designs, fabricates, installs, and maintains large-scale steel storage tanks, pressure vessels, piping systems, and structural steel for oil, gas, water, mining, petrochemical, chemical, defense, and agriculture industries; TSF Power, which designs, manufactures, installs, and services constant load power stations, backup power generation equipment, clean energy solutions, communications equipment, marine installations, and mobile generation capabilities; Syfon Systems, which engineers and installs siphonic roof drainage systems for large and complex commercial, infrastructure, airport, hospital, and sporting venue projects; and Tank Industries, which supplies and installs fiberglass panel tanks, bolted tank systems, and prefabricated hydraulic systems for urban and social infrastructure. EVZ generates recurring revenues from operations and maintenance service agreements alongside project-based engineering, procurement, and construction contracts, serving Tier-1 clients including Viva Energy, Iluka Resources, Lendlease, WCT Holdings Berhad, and government authorities. Incorporated in 1984 and headquartered at 115/838 Collins Street, Melbourne, Victoria 3008, Australia, the company reported FY2025 revenue of A$108 million, EBITDA of A$5.3 million, and net profit after tax of A$1.2 million. Recent developments include a contract backlog exceeding A$90 million as of mid-2025, driven by strong wins such as A$28.5 million for Brockman Engineering on United Terminals' Hastings expansion (two bulk fuel storage tanks and civil works in Victoria) and Iluka Resources' Eneabba rare earths refinery (five bulk storage tanks in Western Australia); strategic focus on margin expansion through disciplined project selection, recurring service lines, and cost controls; and pursuit of bolt-on acquisitions in the fragmented A$2 billion-plus Australian mechanical services market and Southeast Asia to expand from four to approximately ten controlled entities, targeting up to A$30 million annual revenue per Australian deal and A$15 million incremental Southeast Asian revenue by 2028.