As highlighted earlier in the presentation, Zip achieved an...

As highlighted earlier in the presentation, Zip achieved an outstanding positive cash EBITDA results of $30.8 billion. I'll focus my comments on the overall P&L and provide detail on specific line items shortly. For the half, Zip delivered a statutory net profit after tax of $73 million. The main movements on the rest of the P&L include movements on noncash items. Firstly, a decrease in effective interest on convertible notes due to the reduction in face value outstanding, as Zip undertook liability management activities and following [indiscernible] conversions during the period. Secondly, the provision for expected credit losses has fallen to 4.9% of receivables compared to 5.5% at the end of last year, primarily as a result of the improved performance of our Australian receivables portfolio offset by an increased macro overlay. And finally, the corporate and one-off adjustments line includes the impact of a $139.7 million gain on Zip's senior convertible notes post the consent solicitation process, which, although announced in June 2023, was completed in July 2023.