"Overall sales revenue at the end of April 2023 is significantly...

"Overall sales revenue at the end of April 2023 is significantly ahead of last year on both an absolute (11%) and
like-for-like (15%) basis with all business divisions showing an improvement on the prior comparable period
(PCP). Sales performance at Nichols Poultry has been a particular standout having commenced the new
financial year with revenue up 15% and on a like-for-like basis (eliminating the impact of Organic and EFR)
being a 21% increase on the PCP. Strong performances have also been seen in Betta Milk, up 7%, Meander
Valley Dairy +6.5%, Pyengana +16% and Shima +17.5%. This is providing confidence that the strategies
implemented in 2022 are delivering as intended and providing a platform for growth."

"A fantastic example of this is our new premium planet friendly pet food range under the Isle and Sky brand
and a new partnership we have agreed with a national pet retailer to go live in the very near future. In order
to utilise more product, reduce waste and commercialise kg’s that would otherwise go to land fill, we have
developed a premium pet food range which we expect to see positive financial returns from Q4 this year."

EBITDA still not positive until input costs are under control, but it is good to see they are getting passed on now with revenue growth