Ann: Updated Financial Guidance, page-5

1. “Though there is noise and volatility resulting from the United States’ federal FY2025 budget and the TrumpAdministration’s tariff and trade policy, the priority policy initiatives are explicitly aimed at re-shoring and scalingsovereign defense, manufacturing and supply chain capabilities, re-setting global trade imbalances and forcinggovernment fiscal discipline. Amaero’s mission and corporate strategy has been based on “demand pull” andexplicitly addresses critical gaps in the U.S. domestic supply chain, including production of refractory andtitanium alloy spherical powder for additive manufacturing and PM-HIP manufacturing of near-net-shape parts.The team is focused on where we need to be one year and three years from now. As multinational companiesseek to re-locate manufacturing and integrated supply chains to the U.S., we are two years ahead having begunre-locating Amaero to the manufacturing heartland of the United States in July 2023.”
   
   well its not as if it was unexpected from the disruption of Trump-o-nomics.
   
   yep fully agree that Holland keeps the market well informed. this co has the integrity so many companies neglect. and we remain well-placed to benefit from Trump's policies. the delay in achieving EBITDA, due to Trump disruption, was always going to be a problem. but its likely to be temporary.
   
   another influence is the sliding USD.... great for o/s buyers but what of the trading currency? how does this effect revenue?