Ann: Quarterly Activities/Appendix 4C Cash Flow Report, page-2

We will need to continue monitoring reports, noting that whilst the operating cashflow is approximately 43.5% lower than the prior corresponding period, receipts are only 7% lower than prior corresponding period.

Importantly, we can see R&D costs have increased materially, along with advertising and marketing costs, and administration and corporate costs.

All these increased costs appear to align with the business' stated objectives, which if executed properly should continue providing a high incremental ROCE.