Great 6 months, but one swallow does not make a summer, page-10

So it appears EVZ just may have a Summer after stringing two good 6 month operating periods together.

It is a hard compare based on last FY as the $7 million debt forgiveness had to be declared as income in the P&L. However a forecast EBIT of $1.0 - $1.2 million is materially better than YoY compare (loss of 427,718), so a $1.4 - $1.6 million turnaround.

It appears the worst is behind them but a few more actions make sense:

Continue to focus on Syphon and Brockman (the recent AGM presentation suggests TSF is going away)
Demand for fuel storage is going to slow with the introduction of EVs so other industries must be targetted now to secure Brockman's future
Identify options to help supplement Syphon's project revenue with recurrent revenues
Keep reducing debt

Credit to the management team to do what previous management teams have not been able to do.