Ann: Quarterly business update and Appendix 4C, page-6

Very solid result indeed.

Good growth and really good improvement in NTM. GMV and NTM was above earlier guidance, with revenue in the middle. Slight positive cash flow for the quarter was good to see.

90-100% revenue growth expected for FY22. Will be interesting to see if this is upgraded over the year. Feels like it should be able to do 100% (given this last quarter was up 105% on prior year). Improvement in NTM is also expected this coming year.

Some really good new merchants there as well.

Looks exciting for the next 6 months.

This is so cheap compared to the other competitors (especially the smaller ones). Given size and growth rates, LBY should be getting a re-rate. Not sure when this will happen, but I think it is only a matter of time.

Cheers
Marv