There are a couple of obvious reasons why FY25 will not see much if any growth.
Firstly the loss of the SA government contract from end 30/06/24.
Secondly competition & increased supply of EVs is lowering the NV contract values.
There are lots of other ups & downs that were discussed in the call.
If they can at least match FY24 & pay the same level of dividends I'll be happy.
Ann: FY24 Results Investor Presentation, page-15
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