Weak Cash GenerationFree cash flow declined sharply (over 100%), and operating cash conversion is low. Persistently weak cash generation constrains capital expenditure, fleet refresh, debt servicing and reduces strategic optionality, creating a durable headwind until cash conversion improves.
Sharp Revenue DeclineA 70.3% revenue drop signals a structural deterioration in topline scale. Such a large decline erodes operating leverage, undermines fixed-cost absorption and makes margin recovery and profitable growth difficult without clear, sustained market or product repositioning.
Reduced Profitability And ROEROE down to 7.51% alongside falling gross and net margins indicates declining efficiency in converting capital into profits. Sustained lower returns limit reinvestment capacity and shareholder value creation until operational improvements or revenue recovery restore margins.