Manolete Partners Plc

Good afternoon and welcome to the Manilay Partners PLC investor presentation. Throughout this recorded presentation, investors will be in listen-only mode. Questions are encouraged and they can be submitted at any time using the Q&A tab situated on the right-hand corner of your screen. Simply type in your questions and press send. The company may not be in a position to answer every question it receives during the meeting itself, however, the company can review all questions submitted today and publish responses where it is appropriate to do so. Before we begin, I would like to submit the following poll. And I would now like to hand you over to CEO Mina Houlton. Good afternoon to you. Thank you.

Good afternoon. I'm Mina Houlton, CEO. I was appointed CEO in August of this year, but I'm not new to the company. I joined Manilay in 2014 and I've always been and remain very close to the operation of the business. I'm joined today by our head of finance, Rachel Lindley-James. terms of agenda rachel will take you through our financial highlights for the half year i will then go through a company overview kpis and some case studies following that rachel will take you through our financial results in more detail and we will finish with current trading strategy and investment case followed by q a over to you rachel

thank you and thank you all for joining us today um we're just going to have a brief look at the financial highlights of this interim results presentation so total revenue is down at 12.7 percent so that is down 12 year on year a year and a half year and a half year realized revenue is at 14 million which is down seven percent on the same period last year gross profit of four million down 10% on the same period for the prior financial year. Gross profit margin is up at 31%, fairly stable at 30% from the last half year. Overheads have stayed generally flat, but we will go into those in more detail at 3.9 versus 3.7. EBIT is at 0.1 profit. Same period last year was 0.7 profit. And there is some one-off effects in there which you need to take into account, which will be considered later on as well. Net cash generated from completed cases was actually at 3% at 7.8 million. Our cash balance was up 67% at 1.1 million. And our net debt had decreased by 9% to 10.8 million. As Mina mentioned, we'll talk about financials in more detail later on in this presentation. But for now, back to Mina.