Ann: Business Update July 2024, page-8

Valid point, but no manufacturer or constructor has been immune to the inflation of materials since Covid which as I understand is one of the biggest drivers in quicksteps margins.

Today’s announcement not only cements commitments but highlights assistance from partnerships, from the worlds largest military companies (ones that have recently been awarded huge gweo contracts, particularly in the United States). I feel like BEFORE future expansion could take place, it almost seems as though quickstep has had to first demonstrate cashflow positivity, recovery of balance sheet, restructure of staff etc not to regain profitability for itself but to prove its long term viability for larger plays and larger assistances - interesting FY25 ahead