Australia's EVZ Ltd hits over 3-week high on upbeat earnings forecast

EVZ

18/07/2025 01:50

** Shares of engineering services provider EVZ Ltd EVZ.AX rise 6.7% to A$0.16, their highest level since June 26

** Co forecasts FY25 EBITDA to be in range of A$5.2 million ($3.38 million) to A$5.4 million; reported FY24 EBITDA of A$4.9 million

** Projects FY25 revenue to be between A$108 million and A$110 million, compared with A$118.9 million in revenue last year

** Stock down 6.3% YTD, including moves in current session

($1 = 1.5385 Australian dollars)

 (Reporting by Jasmeen Ara Shaikh in Bengaluru)

 ((JasmeenAraIslam.Shaikh@thomsonreuters.com;))