Ann: 2022 AGM Chair and CEO Addresses, page-4

You're getting confused by %
FY21 was down -6% which has now improved to -4.5%
It's just the maths on longer duration.

And yes the FY22 comparison will come down further.
E.g. Total 1HY22 was $80m vs 1HY21 $90m so (if the trend continues into the crucial xmas period) extrapolating forward that suggests 1HY23 will be high 80s
=> 1HY23 maybe +10% improvement on 1HY22 and -2% on 1HY21

Overall, this is a fantastic result, normalised sales growth continuing and GMs maintained (cost mgt is the other key variable).
Retail marked down by the market (DSK almost 50% down from highs) but high quality retailers are coming through.
Cheap