Look, I like the FZO story, I really do, but are we being overly enthusiastic about growth?
I think the best representative of past growth and thus some form of marker for future gorwth is the Appendix slide which appeared at the end of the AGM presentation.
Yep, handy growth but not as dazzling as the ARR graph much earlier in the preso which would suggest they are shooting the lights out. Check out the comparisons.
Certainly not suggesting it was deliberate, but might be misleading to a novice or a speed reader who simply scans.