I don't think that you are looking at the full picture here. The appendix contains a solid breakdown of the full impacts to PBT. The $7.4m reversal doesn't fall straight to the bottom line.
In any case, the acquired business met the TNE business case targets but failed to meet the sellers self-imposed targets in order to earn the earn-out. This should actually be seen as a great outcome for TNE as there would never be a set of circumstances where "nothing happens" scenario comes to fruition - either the earn-out is paid because targets are met (and we get drained of ~$7.4m in cash) or the earn out is not met and the accounting entries get reversed with nil cash impact - as has happened. I know which one I would prefer.
I don't think that you are looking at the full picture here. The...
Add to My Watchlist
What is My Watchlist?
 (20min delay)
|
|||||
|
Last
$40.10 |
Change
-0.940(2.29%) |
Mkt cap ! $13.12B | |||
| Open | High | Low | Value | Volume |
| $40.56 | $40.69 | $39.99 | $15.42M | 383.9K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 4 | $40.02 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $40.20 | 800 | 2 |
View Market Depth
| Last trade - 16.17pm 21/07/2025 (20 minute delay) ? |
| TNE (ASX) Chart |