EVZ Upgrades FY26 Guidance with 65% EBITDA Jump to $8.75M on Margin Expansion
EVZ upgrades FY26 earnings guidance with revenue set to reach $125 million
EVZ Limited (ASX: EVZ) has issued upgraded earnings guidance for FY2026, forecasting revenue of between $120 million and $125 million and EBITDA of $8.5 million to $9.0 million. The guidance is based on work delivered year-to-date and forward forecast earnings from current works in progress expected to complete by 30 June 2026. The preliminary unaudited guidance provides investors with visibility on expected full-year performance ahead of formal audited results, which are scheduled for release in the week commencing 24 August 2026.
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Year-on-year growth signals operational turnaround
The FY26 guidance demonstrates material improvement against FY25 actuals. Revenue is forecast to increase from $108 million in FY25 to a midpoint of $122.5 million in FY26, representing approximately 13% growth. EBITDA is expected to rise from $5.3 million in FY25 to a midpoint of $8.75 million in FY26, representing approximately 65% growth. The company attributes the improved profit margins to operational improvements implemented across the Group’s businesses.
| Metric | FY25 Actual | H1 FY26 Actual | FY26 Guidance |
|---|---|---|---|
| Revenue | $108m | $63m | $120m – $125m |
| EBITDA | $5.3m | $4.4m | $8.5m – $9.0m |
EBITDA margin expansion demonstrates operational leverage and improved profitability, not just revenue growth.
What is EBITDA and why does margin expansion matter?
EBITDA (Earnings Before Interest, Tax, Depreciation and Amortisation) measures operating profitability before accounting and financing decisions. In FY25, EVZ’s EBITDA margin was approximately 4.9% ($5.3 million on $108 million revenue). The FY26 guidance implies an EBITDA margin of approximately 7% at midpoint ($8.75 million on $122.5 million revenue). Higher margins mean more profit retained per dollar of revenue, indicating improved operational efficiency. Margin improvement signals the company is extracting more value from its existing operations rather than simply growing revenue.
H1 FY26 run-rate supports full-year guidance
H1 FY26 results showed revenue of $63 million and EBITDA of $4.4 million. Using the guidance midpoints, H2 FY26 implied performance suggests revenue of approximately $59.5 million and EBITDA of approximately $4.35 million. This demonstrates consistency rather than reliance on a back-ended H2 surge.
- H1 FY26 revenue: $63 million
- H1 FY26 EBITDA: $4.4 million
- Implied H2 FY26 revenue (at midpoint): approximately $59.5 million
- Implied H2 FY26 EBITDA (at midpoint): approximately $4.35 million
Guidance credibility is enhanced when H2 expectations align with H1 demonstrated performance.
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EVZ’s multi-sector exposure across energy, mining and infrastructure
EVZ operates as a technical services provider through subsidiaries Brockman Engineering, Syfon Systems, Tank Industries and TSF Power. The company serves energy, mining, infrastructure and construction sectors across Australia. Multi-sector operations provide revenue diversification across Australia’s industrial economy, offering resilience through exposure to multiple end markets.
The final audited results for FY2026 are expected to be released in the week commencing 24 August 2026.
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