@Hackofalltrades You are correct the "Franchise support costs" (previously "Merchandising costs") is the line item that raises the biggest questions. Here is the cost line from the last few reports: FY19 $809k, FY20 $935k, FY21 $719k, FY22 $639k and now FY23 $1.7m.

That is a very large jump, in particular against a trend downwards over the last few years. Will try and get an answer to this, but if that increase is a one off it lends more confidence to the idea we should see good profit growth into FY24 and beyond.