During the period, the Company issued civil proceedings arising from a serious commercial dispute with a supplier/counterparty. The matter was heard in the High Court over six days and concluded in April 2026, with judgment currently reserved.
The proceedings were brought in good faith following substantial concerns regarding product quality and contractual compliance, and losses suffered by the Company. The directors reject the supplier's suggestion that the Company’s pursuit of the claim is vexatious.
The Company has obtained specialist legal and investigative support and continues to contemplate any further civil, regulatory or criminal remedies that may be available.