EVZ Limited announced FY22 results for the period ended 30 June 2022

EVZ Limited (ASX: EVZ) announced its FY22 results for the period ended 30 June 2022:

• The company reported its FY22 revenue of AU$67.5 million, a 17% increase from the previous corresponding period, and EBITDA of AU$3.15 million due to growth across all end markets.
• On 30 June 2022, it had AU$300 k of total debt and a cash balance of AU$8.9 million. Further, the company plans to reduce its net debt to zero on 30 September 2022.
• During FY22, EVZ Limited received new contracts worth more than AU$134 million.
• The company expects that new construction and capital projects will drive revenue growth and profitability across FY23 and FY24. 

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