Ann: Mayfield doubles the amount of the final dividend, page-8

Mayfield is now regularly producing a high level of free cash flow : 6.6 m$ in FY 23, 6.1 m$ in H1 24 and 9 m$ estimated during H2 24.

I am surprised that they are able to increase it so much during H2 (vs H1) as H1 24 was already a high level of comparison (it was boosted by a decrease of 3.1 m$ for their working capital).
It probably means that they had a significant increase of activity during H2, while revenues decreased by 8 % yoy during H1 24 (only due to client-induced delays, while they had a strong order book).

It is also surprising that Mayfield had such a free cash flow for H2, while they mentioned after H1 that they wanted to further invest to enhance capacity during H2 24 and FY 25.