Ann: Sales Revenue increases 16% on Prior Year, page-11

Of course there Is a seasonal factor in feed purchases because there is a seasonal factor on growth rates.

The size of a fish is not dependent on age but temperature & availability of food.

The growth rate for YTF at CSS is 35%/65% favouring the second half so I would most certainly expect a lower feed bill this half. CSS has also in the past made purchases ahead of price increases in H2.

As for the future we should wait to see the projections for the coming year before making an assumptions about cashflow. I can't believe anyone would criticise a company for planning for the future with a long term strategic plan! I would suggest that CSS making a 2025 plan now means that they have achieved their short term goals to date.