Historical setup
What FY24 said to watch
From NZ exit write-off of NZ$6.0m drives equity to negative NZ$4.0m
No prior EBITDA comparable, no forward revenue guidance, and no quantified FY25 target are supplied; the only forward marker is a stated FY34 ambition of 305 stores in UK & Ireland, against a current footprint implied by the cited NZ$58.2m of aggregate franchisee sales. There is therefore no near-term yardstick against which to test execution beyond store-sales growth rates.
The HY24 split shows revenue at 43.7% of the full year and continuing-operations momentum extending into the second half, consistent with the second-half-weighted shape management describes. The release does not, however, support any read-through to FY25 cost base or impairment risk.