Margin ImprovementSustained gross and net margin expansion to 22.7% and 7.5% reflects improved pricing and cost control. Higher margins increase operating leverage and cash generation, providing durable buffers against cyclical revenue swings and enabling reinvestment, dividends, or debt reduction.
Free Cash Flow TurnaroundA material swing to positive free cash flow (924.9M) signals the company is converting profits into cash reliably. Strong FCF reduces reliance on external funding, supports capex and debt repayment, and enhances financial flexibility over the medium term.
Diversified Revenue StreamsAn integrated model monetizing sugar, ethanol and by-products captures multiple value pools from the same cane input. This structural diversification cushions commodity swings, leverages ethanol blending demand, and supports steadier revenue and margin profiles over cycles.