the market is trying to price the future, yes they will have made upwards of 35m in adjusted EBIDTA (not statutory NPAT mind you), but on an ongoing basis there are big question marks. Q4 looks to be barely break even on an EBITDA level, let alone NPAT after all the amortisation etc.
Ann: Cettire Confirms China Launch, Provides FY24 Update, page-66
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