During the analysts call today the CFO confirmed that there would be minimal R&D expenditure this year. During FY'23 R&D was $7.5m so it is fair to assume this will add to the EBITDA result and about $5m additional to flow to NPAT.
The business is also very confident of another year of increasing cash generation, particularly in H2 which is the normal seasonal split of cash generation.
Cheers.....D
Ann: FY23 Results Announcement, page-4
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