In a positive year-end update, NBB has highlighted FY25E NFI of £12.3m up 32% on last year and ahead of our forecast £11.8m, and underlying EBITDA of £1.3m, up from £0.3m last year and ahead of our forecast £1.0m. In addition, highlighting the cash generative nature of the business as EBITDA grows, year-end net cash was £1.5m, up from £0.1m last year and ahead of our forecast £0.5m. This strong performance was achieved despite continued difficult market conditions. The CEO has commented that the ....
