Moderate Leverage With Positive EquityA debt-to-equity near 0.36 and positive equity (~A$6.2m) provide a durable balance-sheet buffer versus highly leveraged peers. This structural headroom supports financing options and reduces near-term insolvency risk, giving time to execute turnarounds over the next few quarters.
Improving Cash-burn TrendFree cash flow losses narrowed in 2025, indicating management progress on cost control or operating efficiency. While still negative, a sustained narrowing trend extends runway and reduces financing frequency, a meaningful structural improvement if maintained across upcoming reporting periods.
Growing Asset BaseAn expanding asset base versus 2024 can strengthen the company’s ability to invest, secure borrowing, or support operations. Over a multi-month horizon, higher assets can underpin operational recovery or collateralized financing, aiding structural stability if assets are productive.