Ann: Quarterly Activities/Appendix 4C Cash Flow Report, page-101

Unsurprising it's nabbed PE interest - TNT's valuation is a joke considering their post M&A free cash flow and position as the biggest Australian-based cyber security firm

Cash-flow positive market leader in a sector that values sovereignty and is tipped to grow in importance with the emergence of a new cold (even hot) war in the region. No wonder the smooth brained penny stock investors are missing the point - they only invest in junior minors without revenue