Ann: FY24 Results - Record Harvest, Profit and Revenue, page-38

Opex being negative 1.48m despite increased revenue when it was 400k positive the year before is a bit weird but might represent the spend on non-currently revenue activities like regulatory stuff for B2C, AVANI, mostly it should be explained by the increase in the inventories that should be reversed in future quarters or represents new steady state ahead of higher sales.

It would be good to now how much investing cash was expansion capital vs maintenance capital. A fair amount should be expansion capital

Inventory impairment also seems quite high 8% of revenue vs 4.7% the year prior and why is so much inventory getting impaired? Going mouldy? Not familiar with it as recurring item at such high numbers. Total inventory was only 13m but there was a 1.6m inventory charge