Ann: Annual Report to shareholders, page-11

Contract assets are work done and not yet paid for.
"Contract assets represents the unbilled amount expected to be collected from customers for contract work performed to date. Cost includes all expenditure
related directly to specific projects. Recognised profit is based on the percentage completion method and is determined using the costs incurred to date and the total forecast contract costs. The timing of cash inflows for contract assets is dependent on the status of processes underway to gain acceptance from customers as to the enforceability of recognised modifications resulting from contractual claims and variations."

Cash flow was negative this year by $5.2 million, because you count the costs of work done in expenditure, but you get the revenue when the contract is completed.
Contract assets rose from $6.7 million to $22.2 million and so when these contracts are completed the payments will boost revenue and cash flow (with expenditure already included in last year's numbers). The large IronBridge project (originally $125 million) is near practical completion according to the Annual Report, which should lead to a large cash injection this year and also release staff for other projects.
Cash flow should be positive this half year (depending on the size of any new contracts).

I see no need for any fundraising.