Firstly, m`y name is Brett Gallagher, and as Chairman of Service Stream, it's my great pleasure to welcome everyone to our Annual General Meeting for 2024 . Before we commence today, I would like to start by acknowledging the traditional owners of the land in which we meet today, the Wurundjeri people from the Kulin Nation, and pay my respects to their elders, past and present. Under Service Stream Limited's Constitution, a quorum is required for this meeting, and I've been advised that a quorum is present. Therefore, I declare the meeting open. A significant number of shareholders have already voted and appointed proxies and submitted questions ahead of the meeting, and we thank them for doing so.
Prior to the formal aspects of the meeting, I'll take the opportunity to make some general remarks on the 2024 financial year. Following my remarks, our Managing Director, Leigh Mackender, will provide some further insights into the Company's performance and outlook. My address and our Managing Director's presentation were released earlier today on the ASX. After the Managing Director's presentation, we'll move to the formal aspects of the meeting, and I'll respond to questions that are raised in the room or that have been received prior. I should also add that a recording or transcript of the meeting will be available on our website. Before we move into the formal aspects of the meeting, I'd like to introduce our directors, who are all here in person today. I'll start with Leigh Mackender, our Managing Director, to my right.
We also have, second on the table to my left is Martin Monro, an independent non-executive director and Chair of our Nomination and Remuneration Committee. Next to Martin, we have Sylvia Wiggins, our Independent Non-Executive Director and Chair of our Audit and Risk Committee. And at the end, we have, Liz Ward, non-executive director and Chair of our Health, Safety and Environment Committee. And, I note that, Liz is up for re-election today. Also joining us, we have Linda Kow. Where's Linda? Oh, there she is, right down the end. On your own there, Linda. Linda, our Chief Financial Officer, and also Andrew Cronin, who's in the second row there, representing, PricewaterhouseCoopers, our Auditors. And, importantly today, doing all the heavy lifting is our Company Secretary, Chris Chapman, who's sitting here on my left.
Additionally, all the members of our Executive and Leadership Team are sitting in the front row here. Welcome. And the Company Secretary has advised me that we have not received any apologies, so I'll start with the voting and question process first before we move into some presentations. By joining our Annual General Meeting today, you, as a Service Stream Limited shareholder or your appointed proxy, will have the opportunity to ask questions or submit votes if you haven't already done so. Voting today will be conducted by way of poll on all items of business, and Computershare will act as our Independent Returning Officer. For Shareholders, Proxies, and Corporate Representatives here in person, I'll ask you to vote once we've gone through all the items of business for today by completing the blue voting card that was provided to you upon entry.
White cards are for visitors who cannot vote or ask questions, and shareholders with yellow cards are not entitled to vote on any of the items of business. Before we close the voting, I will provide a warning to people at the end of the meeting. I'll respond to questions at the conclusion of the formal business. It's my duty to ensure that shareholders have the opportunity to ask questions and discuss items of business during the meeting. We'll ask that all questions and comments be concise, be confined to the particular item of business that we're discussing, and be on matters relevant to shareholders as a whole, be informative and respectful.
If you're attending the meeting today in person, only shareholders, validly appointed proxies, and corporate representatives who were given a blue or yellow voting card are entitled to ask questions. When I call for questions, please raise your blue or yellow card and state your name or the organization you represent before asking your question. Okay, that's all the instructions out of the way, so I'm gonna now move to my address for 2024 . Fellow shareholders, financial year 2024 has been an important year for Service Stream, as we've delivered improved, consistent, and incremental value to our Stakeholders in keeping with our five-year strategic plan. And most notably, we've celebrated 20 years of Service Stream Limited. As I reflect on the past 20 years, I'm conscious that long-term sustainability of a business or of any business is not by accident.
In Service Stream's case, it's made up of successes, challenges, and strategic decisions that have shaped and grown the business that we are today. When Service Stream first launched in 2004, it was almost exclusively a telecommunications business. However, over the years, and specifically in the last decade, the business has diversified into a multi-network essential service provider with a broad customer base operating across many industries. I've remained firmly of the view in my 14 years as director with the business that encouraging and rewarding management for long-term decision making is critical to the long-term success of the business. I note that the strong financial performance that the business has delivered in FY24 is a product of prior decisions diligently executed by our Management over the prior three years.
This year, shareholders have realized the benefit of a successful acquisition and integration of Lendlease Services, the implementation of our Optimization Program, investment in our people and systems, and the transition away from uncertainty of large fixed-price lump sum contracts. Our values of safety, delivery, people, and accountability support our vision, shape our culture, and influence our strategy. They serve as a foundation of our identity, influence how we operate, how we are perceived by our stakeholders, and underpin everything that we do. They are the key drivers to our ongoing success. Safety. In 2024 , health and safety remained a primary focus of our Board and Management. The High Potential Incidents, reducing by 23%, and the business increasing its investment in safety leadership model of Walk, Talk, Lead, and Care.
Having been a member of our Health and Safety Committee for over 10 years, it's pleasing to see the positive impact of our Safety First focus and the investment in safety and improvement programs, which have continued to yield improvements across our HS E performance indicators. Since 2013 our MTIFR has reduced from 25.64 to just 1.58, and our TRIFR from 26.51 to only 2.35. In FY25 , the board will continue to support management in driving further gains in our safety performance. Delivery. In FY24 , Service Stream carried out over 55 million service visits for our customers across Australia.
The $ 2.2 billion of revenue secured by the business this financial year, this past financial year, was secured across both existing and new client base, thanks to the reputation for consistently delivering quality services in a safe and reliable manner. This year's results are also indicative of the increasing investment by our customers across the sectors that we operate in, and the business's ability to deliver synergies across our operating and corporate services divisions. The business remains in a strong position to continue to grow its operations and diversify its revenue in the coming years. When we talk about people, our people are the face of Service Stream, and without their commitment to quality, safety, and customer service, the business would not be in the robust position it is today. They are the key to our success and the ongoing delivery of our business strategy.
With the profitable growth mindset adopted by the business, and the investment in the development of the skills and strengths of our people, we are able to grow our employee workforce from approximately 1,200 in 2004 to over 5,200 today. What is also most pleasing is that over 500 of those employees have been with the business for 10 years or more, with many of our senior managers with us today, having progressed successfully through the business in that time. With a contracted pipeline of $ 5.5 billion of work in hand across our blue-chip client base, we continue, we can provide certainty and continuity, and opportunity for our dedicated workforce.
With a focus on driving long-term sustainable practices with support, that support the growth of our business and people, we are able to contribute to the social and economic obligations of our Broader Stakeholders. We are accountable for the results of what we deliver to you, our Shareholders. A sustainable business is built on profitability and returns to shareholders. In FY 24, the group delivered significant improvements across all financial metrics on the prior year. The group's total revenue was up 11.2% to $ 2.4 billion. Underlying EBITDA from operations increased by 13.2% to $ 129.2 million, and NPATA of $ 50.1 million was an increase of 36.4% on the prior year.
Service Stream's share price has also increased by in excess of 50% from this time last year, and we have delivered a total of fully franked dividends of 0.045 per share, which was an improvement of 200% on the prior year. The financial growth of the business over the past 20 years is quite extraordinary. From annualized revenues of $135 million in FY 2005 to $2.4 billion in FY 2024, is transformational. With a strong balance sheet, supported by a shift from net debt of $35.7 million in FY 2023 to net cash of $7.9 billion, the business remains well positioned to deliver consistent long-term returns to our Shareholders.
Finally, on a personal note, there are many stakeholders and valued shareholders that have been part of the Service Stream journey, and with whom we have forged strong relationships over the past 20 years. To our Shareholders, customers, employees, and contractors, I thank you for your support, loyalty, and commitment. I'd also like to thank my fellow board members for their contributions over the course of the past year. Their dedication to continuing the growth and success of the company is considerable and greatly appreciated. I note that Elizabeth Ward is seeking re-election today. Liz is a valuable contributor of our Board and Chair of our HSE committee. I, along with the rest of the directors, strongly support her re-election today.
Finally, on behalf of the board, I'd also like to thank our Managing Director, Leigh Mackender, and his executive team here, and all of our valued staff for their hard work and dedication throughout the year. I look forward to the year ahead as Service Stream continues to build it, its brand and reputation as Australia's leading essential network service provider. I'll now hand over to Leigh, our Managing Director, to present you with a review of the operations over the last 12 months and, a look into the future. Thanks, Leigh.
Thank you very much, Mr. Chairman. Good morning, ladies and gentlemen. I, too, wish to welcome you to our AGM today, and thank you for your attendance. I'm very pleased to provide an update on the business's performance, marking a year in which Service Stream, I think, has delivered strong operational and financial performance and made significant strides in executing against our strategy. The presentation today largely reflects an abridged version of what was released to the ASX at the full year on the August 21. But at the conclusion of this, I would certainly welcome the opportunity to take any questions from the floor on any of the content that I've covered.
Okay, for fear of repeating a few of the metrics that you just heard, we'll delve into and provide, hopefully, a little more context around some of the information there. When we consider the group's performance highlights over the past 12 months, top of mind, I think, would certainly be the strong and improved financial performance that we've delivered across all our key metrics, as referenced by the chairman. Group revenue was $ 2.3 billion, reflecting an increase of 11.2% on the prior period. That revenue growth was most significant across our telecommunications segment. That grew by 23% on the prior year, as the business benefited from increased investment in both fixed line and wireless infrastructure, and we also enjoyed continued and strong maintenance levels across both of those categories also.
The utilities division also supported the group's growth, growing its revenue by 9.5% to reach $ 972 million for the year. That's particularly pleasing, considering that the business was and has been cycling off revenues associated with discontinued operations and a shift away from targeting those large-scale fixed-price lump sum works that the chairman referenced earlier. More important, however, the group's earnings and EBITDA was $ 129.2 million, as per the chairman's comments, reflecting a strong increase of 13.2% on the prior period or $ 15 million. The margin improvement was a by-product of improved performance across our utilities and transport segments, but also consistent high single-digit margins being delivered across our telecommunication operations.
Growth in EBITDA was certainly pleasing, but more so when we consider the business also incurred or invested circa $ 9 million associated with a one-time organic business development opportunity to venture into, or hopefully venturing into our defence industry, as well as an optimization program, which supports a reduction in business costs and improved profitability into the future. So that $9 million investment was expensed to the P&L. It was reflected in the group's unallocated corporate charges and not taken below the line. As we move further down, the P&L, and more importantly, NPATA was up 36.4% on the prior period. The business achieving 50.1 million for FY 2024. And finally, rounding out the financial results is certainly our Cash Flow Performance. The business has continued to deliver strong cash flow across our operations.
OCF of $ 131 million, reflecting a conversion rate of 101%. That strong result is certainly a reflection of our client base, the positive terms of which we negotiate under our agreements, and that strong focus internally across our business on the works to cash cycle. The impact on the group's balance sheet was significant, and as the chairman referenced, the business transitioned back to a net cash position of $ 7.9 million as of June 13, which reflected a $ 43.6 million improvement on the prior corresponding year. Moving forward, Linda and I have signaled that we expect the business to further add to this net cash balance, and that will continue to accrue into the future, and on the back of that strong performance and the group's momentum, the board were confident to announce a step-up in dividends.
$0.025 cents was announced at the full year, and that took full-year dividends to $0.045 , fully franked, reflecting a 200% increase on the prior period. A primary focus for all service businesses is certainly the retention of existing contracts as they reach full term and proceed to market, but also securing new growth. Service Stream has had a very successful year with both regards. Firstly, successfully re-signing $ 2.2 billion over the full year, reflecting a 97% retention rate. To complement this, the business is also successful in securing a number of new agreements with our existing client base. These include multi-year maintenance contracts with clients such as NBN, Yarra Valley Water, AGL, and the Department of Transport and Planning, which I affectionately will always remember as VicRoads.
These wins are supported by an enhanced level of work in hand. The chairman referenced before that $ 5.5 billion value of our work in hand, but importantly, that only reflects the initial term of those contracts, and many of our contracts have multi-year extension options, which the majority of which our clients do execute. If we account for those extension options, there's an additional $ 4.5 billion of work, taking the order book, of course, to $ 9 billion as we look forward. A major focus over recent years that we called out and discussed has been to diversify the group's revenues and grow what we believe will be a higher quality and more dependable future order book.
The quality of these revenues has therefore been in sharp focus, and as we've discussed and referenced twice today, the business has transitioned away from large, fixed price, lump sum design and construction works. Instead, targeting lower risk, multi-year, annuity style maintenance operations. This deliberate strategy has been quite a positive shift or reflected quite a positive shift in the nature of the group revenues over the past three years and the predictability into the future. In terms of our work type, as you can see by the graphs referenced on this page, operations and maintenance work reflected 68% of group's revenue over the last year, a slight increase on the 63% the year prior, and minor capital works, those reflecting small duration, low value projects, which are generally delivered over a period of months, reflected 30% of the of the revenue for the group.
We certainly feel that this balance has been appropriately struck between O&M and minor capital works. The benefits of O&M or annuity style works are obvious, but the business also wants to ensure that we still have and maintain access to capital work programs as our clients continue to look at upgrading and investing in their assets. In terms of commercial works, as indicated in the graphs on the far right, we've seen an increase in work secured under those lower risk schedule of rate arrangements, now reflecting 74%, and 20% of the revenue across the group is secured under alliance or cost plus style arrangements. Effectively accounting for 94% of the group's operating revenue under these favorable frameworks.
I think it's important to note that Service Stream still executes a large design and construction projects, but once they reach a particular threshold, these will only be considered they fall under these lower risk commercial frameworks. Other changes the business has noted in our revenue over the last year has been an increase in the average terms being offered to market. We have seen select clients looking to increase the nature of those terms, with the average contract reaching now a five-year term on average, increasing from probably what was three in the prior period. We are fortunate, if we look across our revenues for FY24 , that the business has an average contract term of five years.
However, the average tenure is actually 17, reflecting the fact that our business has a great success rate in retaining our business as it goes out to market, and we're incredibly proud to celebrate many 30-plus year relationships. I turn now to the group's first priority and the most important value, which is our safety performance, and the chairman, again, referenced some of the significant movements in performance that have taken place over the last decade. If we look at particularly the last year, as I've stated many times, the health and safety of Service Stream's workforce, our clients, and the community with which we operate, is absolutely our number one priority. It's not a slogan, it's a genuine commitment, which forms part of our major focus and that shared vision for the board, executive, and all of our staff working across the business.
We're very conscious of the safety of our workforce, referencing 5,200 employees and over 17,000 contractors undertaking 52 million visits per annum. Over the course of the year, we were really pleased to see a 23% reduction in our high potential incident rates, and to maintain industry-leading performance across the remainder of our lag indicators. That positive performance follows a number of targeted initiatives and programs, including leadership training being deployed for all of our frontline supervisors, leading hands, and people managers across the business, as well as the heavy promotion of the group's critical control program across our high work activities. The reduction in high potential rates reflected a marked improvement over a relatively short period of time, and the business continues to maintain a strong focus on delivering incremental improvement across our broader lag indicator suite.
Shifting gears to strategy, and at the start of FY 2023, the group refreshed its strategy in support of delivering against our vision of being Australia's leading essential network services provider. The strategy centered around initiatives and programs delivered under Three Strategic Pillars, being delivery, optimization, and growth. Delivery focuses on the business providing superior performance outcomes for our valued shareholders, our clients, employees, and broader stakeholder group. Covers initiatives and actions associated with safety performance, operational performance being delivered to our clients, and enhancing our long-term relationships. The optimization stream covers a range of programs designed to simplify and enhance our delivery model, covering initiatives such as our employee value proposition, driving efficiencies across our corporate support areas, and better utilizing technology to make informed decisions as the business grows and progresses.
These not only provide a stronger and more efficient base from which the group will grow, but also support improved financial and operational performance, and the third pillar is growth, and the chairman referenced that focus on profitable growth as we further support diversification across the group. Our primary focus is understandably on organic growth and capitalizing on the enhanced capabilities that our business holds, and the significant opportunities which present across each of our expanded markets. The business is actively working on a number of opportunities across adjacent sectors, and has signaled that we will start to commence looking at external growth opportunities, which would support a further expansion of our capabilities and diversification of the group.
I certainly believe we've got a strong and scalable business, which could quite comfortably grow to take on another $ 0.5 billion-$1 billion in revenue and associated profit, without the need to significantly increase our corporate or indirect support structures. Over the course of FY 2024, as indicated on the right-hand side here, you can see some of the pleasing and positive results that have been delivered as a consequence of these strategic initiatives. I won't go through each in exhaustive detail, but you can see, as I touched on at the very start, that improved financial performance, strong operational execution against our client contracts, that enhanced revenue and order book, and the value that's been created for our shareholders. You think I'd get used to the clicker after doing this many times?
Further taking that view of our strategy on just one step further, given FY 2024 reflected three years since Service Stream announced the acquisition of Lendlease Services, in the full year presentation pack, we thought it would be appropriate to briefly reflect on the results which were delivered, and the value that had been created for our shareholders. Albeit, I acknowledge there's been a few bumps along the way. Revenue growth, on the right-hand side there, depicts that the group has achieved 44% compounding annual growth, growing from $ 800 million in FY 2021 to $ 2.3 billion that we report in FY 2024.
An important component of the acquisition was that diversification and the expansion of capabilities across addressable markets, and that's been a major contributor to the organic growth that we've been able to deliver over the last two years. If we think about earnings from operations, EBITDA has grown from $ 80 million in FY 2021 to $ 129 million in FY 2024, reflecting a 17% growth rate or compounding growth rate over that same three-year period. Importantly, the business has worked hard to improve the quality of earnings, reducing our exposure to those risks I referenced earlier, large scale design and construction projects, but still maintaining positive exposure to our clients' capital works programs. And finally, EPS. Earnings per share is a critical first gate on any M&A transactions being contemplated by our business.
We're very pleased to reflect over the period that Service Stream has delivered a 30% increase in EPS or 9% compounding annual growth rate. As we look to the future, another positive attribute, I think, for Service Stream's business more broadly, is certainly the markets that we face into and operate across. These markets, by virtue of the fact that they represent the essential infrastructure that millions of Australians depend on each and every day, continue to benefit from increased investment.
There are several common aspects that we see driving and supporting that growth, including increased technology deployment and the digital transition, aging infrastructure requiring increased maintenance and capital investment, unprecedented levels of migration and population growth, particularly expansions into regional areas of Australia, the renewable energy transition, and the impacts of natural disasters, requiring our clients, the asset owners and operators, to consider increased maintenance and improving the resilience of their asset base. As markets are understandably growing year on year, I think Service Stream also has the opportunity, with our relatively low revenues in comparison to these markets, to increase our market share, and often referring to Service Stream as being a small minnow in a very big pond. Finally, the slide I think most of our investors are looking for, which is the trading update.
And in terms of FY25 , as we've again outlined today, I think the business is in an incredibly strong position. The positive results and the momentum delivered through FY24 certainly provides a strong foundation for FY25 . We have solid levels of work in hand across our existing contract base. We remain focused on improving the group's quality of earnings, and are confident that the group will deliver improved margins, particularly across our utility operations, as one of the areas that we did call out as a strategic focal point at the start of this year. And importantly, I'm really pleased to confirm that the group's trading performance over the first quarter of FY25 has been positive and in line with management's expectations. Each of these elements provides improved visibility and confidence for the year ahead, and the group expects to deliver solid earnings growth.
So we're pleased with the results delivered over the past year, genuinely excited about the position the business finds itself in, and the opportunities which lay ahead in FY25 and beyond. That concludes my brief business update. I would personally like to take this opportunity to thank our GM and Brett Gallagher and the board of directors for their continued support and guidance throughout the last year. On behalf of the board, I wish to also acknowledge and thank my executive team and our staff working right across the country, who have each contributed to the business' success over the last 12 months. I'll pause now and ask the room if there's any questions on any of the content that I've presented. Letting me off very lightly. Thank you very much. Appreciate it.
Thanks, Leigh. Okay, we'll now move to the formal business of the meeting. The notice of meeting was distributed to all shareholders on the September 19th, 2004 , and copies are available on, also on our website. I'll take the notice of meeting as read. The minutes of the previous annual general meeting, held on the October 18th, 2023 , were approved by the board and signed by me. Should any member wish to inspect those minutes, a copy will be available or is available at our registered office for that purpose. So now to the advertised business outlined in our notice of general meeting. There are four items of general business today. As stated in the notice of meeting, and on the proxy form, I, as Chairman, will be voting all undirected proxies in favor of each item of business.
There are voting restrictions for some resolutions, as outlined in the notice of meeting, which apply to those who have an interest in the resolutions or their related parties or associates. Section 317 of the Corporations Act requires directors of a public company to lay before the annual general meeting a financial report, a director's report, and an auditor's report for the year ended June 30, 2024. The members of the company have received these documents. Please note that a vote on this resolution is advisory only and does not bind the directors of the company. I'll now move on to the items of business. The proxy position on all items will be shown on the screen once I have put the resolution to the shareholders. Okay. Item one on the agenda is the adoption of the company's remuneration report.
The resolution to be put to the meeting is now displayed on the screen: That the remuneration report for the year ended June 30, 2024 , be adopted. We'll now show the proxies in relation to resolution one. Okay, thanks, Chris. We'll move on to the next agenda item. Item 2 on the agenda is the re-election of Elizabeth Ward. The resolution put to the meeting is displayed on the screen. I note that all the Directors recommend the re-election of Liz. Before I proceed with the resolution, I might ask Liz maybe to say a few words re her appointment. Liz?
Need to have it lower for me. Good morning, everyone. I've been a non-executive director for Service Stream for three years now and am seeking shareholder support for another three-year term. I've had a career of both non-executive directorships and also chief executive roles across New Zealand and Australia, with wide experience in a range of industries: large-scale infrastructure, telecommunications, transport, and fisheries. I also have worked for government entities, and so I can contribute to the board with extensive operational, contracting, and commercial experience and expertise. I'm currently a non-executive director for KiwiRail in New Zealand, which operates freight, ferry, and passenger tourism services. It also maintains and operates the national rail network infrastructure. I'm also a non-executive director for Ritchies, a private equity-owned bus company in New Zealand.
I am an Australian citizen, even though my accent probably doesn't sound like that, and I also live in Sydney. During my tenure at Service Stream, I've seen the purchase of Lendlease and a very successful integration into Service Stream. I'm currently the chair of the Health and Safety Committee and a member of the Remuneration Committee. Health and safety has and always has been a key focus of all Service Stream directors and management, achieving improvements on all indicators over the last three years. There has been and will be a drive for a safety leadership culture in the business and also a continued focus on our critical risks. I'm sure this will continue to provide further improvements in our safety performance.
I have a really good understanding and knowledge of the business, Service Stream business, and have been involved in the creation of the five-year strategic plan, particularly being focused on profitable growth. I look forward to continuing to contribute to Service Stream future in creating long-term shareholders' returns in my next term as a non-executive director for Service Stream. Thank you.
Thanks, Liz. So I'll now put the resolution up on the screen that Elizabeth Ward, who retires by rotation in accordance with Rule 7.1F of the company's constitution, and being eligible, stands for re-election, be re-elected as a director. So I'll ask Chris to put up the proxies. Thank you. I think, that's pretty resounding. Congratulations, Liz. I'll now move to item three on the, agenda, which is the acquisition of securities by Leigh Mackender under the FY25 tranche of the company's short-term incentive plan....
The resolution being put to the meeting is displayed on the screen, and that for the purpose of the ASX Listing Rule 10.14 , and for all other purposes, approval is hereby given to grant the performance rights and any resulting issue or transfer in, of shares in the company to the Managing Director, Leigh Mackender, under the company's FY25 short-term incentive plan, and in accordance with the terms of that plan and as described in the explanatory statement. So we'll now move to the proxy position for that. Thanks, Chris, and I'll finally move on to the final agenda item. Item 4 on the agenda is the acquisition of securities by Leigh Mackender under the FY25 tranche of the company's long-term incentive plan. The resolution being put to the meeting is displayed now on the screen.
That the acquisition by Leigh Mackender of $577,801 performance rights under the FY25 tranche of the company's long-term incentive plan, and up to $577,801 fully paid, fully paid ordinary shares in the company underlying, and issued in accordance with the terms of those performance rights on the terms summarized in the explanatory statement accompanying the notice of meeting, be approved for the purposes of Rule 10.14 of the ASX listing rules and for all other purposes. So we'll now go with the proxy position. Thanks, Chris. Now, I might ask you to put, display the proxy position for all resolutions for the meeting.
The provisional results would indicate that all of the resolutions have passed, but this will be further verified today and then released on the ASX at some stage later today. I'll now open the meeting up to any questions, if there is any from anyone. I don't believe we've received any written questions. No? If there's going to be no questions, that will be a very simple and short finish to our meeting today. Okay, then, I'd now like to ensure that everyone please cast their vote with their blue voting cards. The voting box will be handed around, and I might just pause for a minute while everyone votes. I think that's it. If that's it in the room? Yep. Then I will now close the voting. Voting results of the meeting will be released again on the ASX later today.
That concludes our meeting today, ladies and gentlemen. Thank you again for taking the time to join the directors and myself for our AGM today, and also on our 20-year anniversary, thank you very much for your ongoing support. It's greatly appreciated by all the board and the executive, so thank you for attending, and please feel free to stay around and chat to the execs or the directors over a cup of tea or coffee. Thank you all.