Strong Balance Sheet / Low LeverageA large equity cushion and very low debt-to-equity (~0.09) provide durable financial flexibility. This reduces refinancing risk, funds exploration or operating needs from the balance sheet, and gives time to pursue value-creating projects without imminent solvency pressure.
Reported Positive Net Income TrendSustained positive net income, even if partly from non-operating items, strengthens retained earnings and equity over time. This improves long-term capital flexibility, supports strategic optionality for investments or acquisitions, and can aid access to capital markets.
Improving Free Cash Flow TrendA reduction in the magnitude of negative free cash flow signals improving spending discipline or project phasing. If sustained, this trend lowers future external funding needs, narrows cash burn, and moves the business closer to self-funded operations over the medium term.