Some takeaways:
- NPBT margin up to 21.3%
- Project Engineering delivering NPBT of over $4m after being bought for 2.6m less than 2 years ago.
- VAM - 10GL aim for first project. More than 100GL of demand. Potential to secure and develop additional water resources from Kariyarra and other JRAs
- VAM pursuing new JRAs of similar scale to Kariyarra
- VAM aims to contract prices within commercial parameters of WA (which is $2.94 to $9.69 per kL - ie $2.94m to $9.69m per gL)
- Exploring new opportunities in infrastructure, carbon farming, etc.
- Targeting acquisitions to further diversify and give the company a national footprint
Ann: Investor Update FY24, page-9
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