Consistent Positive Free Cash FlowSteady operating cash flow (~0.64–0.70B) and positive free cash flow each year, including a 7.7% FCF increase in 2025, provide durable internal funding. This supports debt servicing, dividends and reinvestment capacity, improving resilience over the next 2–6 months even while leverage is addressed.
Return To ProfitabilityThe swing from large losses to recurring small profits indicates operational stabilization and improved cost or revenue dynamics. Sustained modest profitability reduces near-term financing pressure and enables gradual deleveraging, dividend support and targeted reinvestment over the medium term.
High Gross Profit MarginsVery strong gross margins (65–69%) reflect structural pricing power or low direct costs, creating a durable buffer to absorb SG&A and interest expense. This margin strength underpins cash generation and makes incremental improvements to net margins more feasible over several quarters.