Its hard to tell where profit will land but they did manage to burn through some cash in the half. Cash alone down $7.5m while once netting out debtors/creditors $5.4m down. Given he spoke through a lot of "investment" you'd assume most of that is capitalised and therefore profit and operating cash flow can still look like positive improvements.
Ann: IKE Q4 and FY23 Performance Update Presentation, page-12
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