Ann: FY23 Full-Year Results Presentation, page-2

What a mess!
They have finally been caught up with and been forced to stop counting tax benefits from losses as an asset. This is a big loss this year which was used to artificially reduce losses from previous years.
They say the dairy division made a trading EBITDA of profit $4.1 million. Then the "continuing operations" EBITDA total is a loss of $1.7 million. Considering the "continuing operations" is made up of the dairy division and corporate division, that implies that the corporate division cost BFC $5.8 million! If the plan is to have continuing operations of just the dairy division, why is corporate classed separately? Just another smokescreen to try to make this company look like it has prospects of being profitable when it is still a long way away from any such thing.
Meanwhile, EBITDA is useless for a company which has increased borrowing costs. Depreciation, ammortisation and financing costs have grown from $5.4 million in FY 22 to $8.5 million in FY 23. This is a real cost that exceeds the dairy division's meagre trading EBITDA on it's own.