Yes - H2 was a loss of around $6m even if the impairment is backed out.
For me, the important number was $38.4m - the current tax liability. Now TER made $25.0m in profit in FY24. If they earn the same amount in FY25, that won't be enough to cover that tax liability. They need to pay taxes before they can really resume dividends.
Ann: FY24 Appendix 4E and Audited Financial Report, page-8
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