Negative Free Cash FlowNegative free cash flow in 2025 signals structural cash-generation strain, limiting internal funding for capex, debt reduction, or shareholder returns. If persistent, this forces reliance on external financing, raising cost of capital and constraining strategic flexibility over the medium term.
Declining Return On EquityA drop in ROE from 8.4% to 3.3% indicates reduced effectiveness in converting equity into profits. Persistent deterioration undermines shareholder value creation and suggests operational or capital-allocation issues that must be addressed to restore long-term profitability.
Rising LeverageDebt-to-equity rising to 43.3% increases financial risk, particularly alongside declining margins and negative FCF. Higher leverage raises interest burden and reduces balance-sheet flexibility, making the company more vulnerable to cycles, higher rates, or funding stress over time.