EVZ Unit Wins AU$28.5 Million in New Energy, Resources Contracts; Shares Up 3%

MT Newswires Live

Jan 07, 2025

EVZ (ASX:EVZ)'s unit Brockman Engineering won two contracts worth about AU$28.5 million, according to a Tuesday filing with the Australian bourse.

The projects include the Hastings Fuel Terminal Expansion in Victoria and the Eneabba Rare Earths Refinery in Western Australia, the filing said.

The first contract involves the construction of two bulk fuel storage tanks, with completion expected by the third quarter of 2026, the filing added.

The second contract will see Brockman, in partnership with Tank Industries, design and fabricate five bulk storage tanks, with completion slated for the first half of 2026, the company said.

EVZ also said that the projects will contribute to fiscal 2025 and 2026 revenue and earnings.

The company's shares rose past 3% in recent Tuesday trade.

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