Ann: 1H24 Results Presentation, page-11

Looks like most things heading in right direction with most earnings metrics growing and FY24 outlook slightly stronger.

Main negative seems to be delay in the medium term revenue outlook.

"Achieving the Company’s medium-term revenue ambition of ~$2 billion by FY26 would require an additional ~$380 million in revenue growth on CY23 over the next 2.5 years. This growth would represent a compound annual growth rate of approximately 9% with higher growth required in FY25 and FY26 based on the Company’s revenue guidance for FY24 which is low-to-mid singledigit percent growth (refer FY24 Outlook below).

Whilst it remains possible for the Company to achieve its medium-term revenue ambition of ~$2 billion by FY26, at this stage it is likely to be achieved by FY27 or later. The Company continues to target EBITDA margins in the ‘teens’ with year-on-year improvement"

Are most people already assuming that $2bn revenue in FY26 number would not be met?