Ann: FY24 Trading Update, page-22

I estimated in a previous post that their free cash flow yield was 17 % (at 0.80 $), based on the net cash increase during FY 24.
This is too cautious, because it failed to include the impact of the dividends paid during FY 24 (3.5 m$).
If we include this element, free cash flow can be estimated at around 8.5 m$ in FY 24 which corresponds to a free cash flow yield of 29 %.

To be honest, probably better to exclude the tax refund impact of 2.3 m$ during H1 24 (one off).
In that case, their free cash flow yield can be estimated at 21 %.

Also interesting to note that Dusk was able to increase its free cash flow during FY 24 despite the large decrease of its EBIT.