Cash Generation & Net Cash PositionSustained, sizeable operating and free cash generation plus a year‑end net cash position materially increase financial flexibility. This durable cash base supports investment in offshore scale-up, funds service recovery programs, and enables the stated capital‑return policy without forcing asset sales or fresh leverage.
Large, High‑visibility Order BacklogA multi‑year backlog across Power Solutions and Services delivers revenue visibility and a pipeline for recurring service contracts. The sizable Service backlog underpins long‑term, high‑margin annuity revenue and facilitates capacity planning for manufacturing and O&M investments, reducing near‑term demand risk.
Stronger Balance Sheet And Lower LeverageThe shift to net‑cash and higher equity materially lowers financial risk and increases resilience versus earlier high leverage. This structural balance‑sheet improvement supports sustained capex for offshore expansion, funds restructuring costs if needed, and preserves capacity to deploy shareholder returns through cycles.