• NTAW withdraws FY25 guidance due to lower-than-expected revenue growth
• Company in discussions with Commonwealth Bank to waive potential covenant breaches
• Also discussing timing of final Dunlop inventory payment with Goodyear

NTAW Holdings Limited (ASX: NTD) has announced that it has withdrawn the guidance for the 2025 financial year ('FY25') that it expected Operating EBITDA in FY25 to be between $47 million and $50 million (FY24: $42.3 million). The company states that in a difficult trading environment, revenue growth has not met expectations and it is not certain that the shortfall will be recovered over the balance of FY25. NTAW has taken steps to reduce costs and curtail growth strategies. The company also notes that it is likely to not meet all of its financial covenants in connection with its finance facilities provided by the Commonwealth Bank of Australia ('Bank') when those covenants are tested on 31 December 2024. NTAW is in discussions with the Bank in respect of having any possible breach waived and re-negotiating the covenant thresholds to accommodate for the present trading conditions. The company is also in discussions with Goodyear in relation to the timing of the payment of the final instalment for the opening Dunlop inventory. NTAW continues to carefully manage its cash flow.