Continued positive turnaround momentum as the Group heads into the historically strong fourth quarter. Unaudited 3Q24 pre-AASB 16 EBITDA of $11.1 million up 128.8% from 2Q24 and up 92.4% from 3Q23. Guidance maintained at $42 - 49 million normalised pre-AASB 16 EBITDA1. Operating cash outflow of $6.8 million, excludes $8.3 million in delayed receipts because of public holiday processing interruptions. March 2024 net senior leverage covenant achieved with significant headroom. Projecting positive operating cash flows in FY24, including all lease payments and changes in working capital. Returning to historical trading terms is now expected to occur in FY25 once refinancing has been completed. As a result, total cash flow is now only expected to be positive for FY24 after including capital expenditure and net benefits of equity raising and debt repayment. Debt refinancing process progressing with several parties engaged in diligence processes. This remains on track to be finalised through 2H24.
