the doubling of EBITDA is an excellent bit of news, however it’s...

the doubling of EBITDA is an excellent bit of news, however it’s still totally unknown what the NPAT will be. Unknown expenses and also a known hit in the form of the payout plus the warrants. Amortisation of warrants is non cash, but still looks ugly. If you back those out, it’s still entirely possible that positive NPAT was achieved in H2 - would be terrific if so and sets TNT up for a good outcome in FY23.