Ann: Wisr delivers strong growth and upgrades FY25 guidance, page-2

Classic attempt to pump by management. Upgraded loan book origination guidance. What a load of junk. Provide some guidance on what this means for earnings instead of trying to appear like this is a pathway to something. Book grew significantly from originations but turnover of book meant average book size only $20m up on prior period. The reason they’re reluctant to provide earnings guidance is they can’t articulate how to is growth will translate to earnings. The economics of this business is very easy to understand. Management ought to help those investors understand why this time is different