Conservative Balance SheetVery low leverage provides durable financial flexibility: limits refinancing risk, supports capital allocation (dividends, capex, M&A) during cycles, and cushions operational volatility. A strong equity base underpins long-term strategic optionality and downside protection.
Improving Gross MarginSustained gross-margin expansion implies better pricing, product mix or cost control that is structural rather than transitory. Higher gross margins create lasting room to absorb SG&A or reinvest in growth while protecting operating profitability through demand swings.
Consistent Revenue GrowthMulti-year top-line growth reflects resilient demand across stationery, school and office segments and diversified channels. Steady revenue expansion supports scale benefits, improves predictability of cash flows, and underpins medium-term investment and product development.