Negative Cash FlowPersistent negative operating and free cash flows undermine the company's ability to self-fund growth and convert accounting profits into liquid resources. Over months this forces reliance on external financing, increases vulnerability to credit conditions, and constrains durable reinvestment.
Rising Debt RelianceAn increased reliance on debt raises leverage and interest burden risks, reducing financial flexibility if cash generation remains weak. In a medium-term horizon higher debt can limit strategic options, raise refinancing risk and magnify negative effects from any downturn or margin pressure.
Low Net Profit MarginEven with margin improvement, a relatively low net profit margin limits the company's ability to accumulate reserves and weather shocks. Structurally low final profitability suggests possible pricing or cost structural limits that could impede sustainable cash generation and long-term resilience.