2024-2025 annual results: Recurring operating margin of 9.0% (9.1% excluding impact of disposals, in line with target) // Reported operating profit up 12.9% to €39.2 million // Operating free cash flow doubles to €23.3 million // Improvement in the Group’s leverage to 3.41x (vs 3.64x at June 30, 2024) excluding impact of the Baywater disposal