I think that we can estimate the impact of new orders on cash flow as it comes mainly from 2 elements : - the "others" elements mentioned above (related to guarantees for new orders), - and the cash received in advance (booked with contract liabilities).
During H2 24, cash received in advance increased by 1.35 m$ (vs Dec 23), while bank guarantee and deposits (excluding Sydney DC) increased by 0.6 m$ during the same period. So, these elements had a positive impact of around 0.75 m$ on the cash flow from operation (=1.35 - 0.6). As the cash flow from operation was 1.2 m$ during H2 24, it means that it was probably around 0.45 m$ excluding the effect of new orders.
