Ann: Investor Update Presentation, page-2

Whilst this is a positive update, I do note there is a target of $1 million EBITDA for FY25.

In FY23, there was;

I = $153k (I believe)
T = negligible
D = $750k
A = $625k


We now have the OML $2.35m loan for the CAFE acquisition to pay off which was interest only @ 10.% for the 1st year (1/3/23) to 1/3/24. This was $237.35k of interest in year 1.

From 1/3/24 to 1/3/27 this is prinicipal + interest @ 10.1%; meaning a quarterly Payment (Principal + Interest): $229,441.67.

With total Payments for Years 2 to 4: $2,753,300.

Meaning for FY25, repaying this loan will equal the EBITDA target, add on DA this will be a loss.