I'll now hand over to Rowan to take us through a more detailed financial review.

Thanks, Stuart.

Before we dive into the financials, let me step back and look at what we promised at the beginning of the year and how we've delivered against that.

As a reminder, at the start of FY26, we were reporting in US dollars.

And at the end of the year, we transitioned into sterling.

On this slide, we're showing both our delivery in dollars directly against our original guidance and equally in pounds to bridge that commitment to our current reporting currency.

And as Stuart has already said, all of the results we are presenting today relate to the continuing group.

next up is one of three questions that they say congratulations on the turnaround i have two questions on working capital and one on owned real estate first how much of the 54.6 million net cash do you regard as tied up in seasonal working capital Second, do you see further potential for a structural working capital release over the longer term? And then thirdly, on the owned facility in the Netherlands, could a sale and lease back unlock cash for additional shareholder returns? And is that something that the board would consider?