Outcome of Board Meeting 28th July 2026

Outcome of Board Meeting 28th July 2026.

Reported results are the point at which prior management commitments become checkable against audited or reviewed numbers.

• Margin trend against the prior period
• Cash from operations against reported profit
• Whether prior guidance is reaffirmed
• We anticipate normal trading conditions starting early November, once prices stabilise, paving the way for a g (management committed by H1 FY27)
• Expect FY’27 to be better than FY’26 led out of portfolio and channel transformation (management committed by FY27)