Asset Base ResilienceDespite balance-sheet strain, maintaining the asset base preserves production capacity and collateral value. This supports continuity of operations, enables utilization of mills and refineries to generate revenue, and provides a foundation for operational recovery over months.
Operating Cash Flow StrengthConsistent positive operating cash flow indicates the core business converts sales into cash even while net income is negative. This liquidity supports working capital, short-term obligations and limited capex, reducing immediate refinancing pressure over the next several months.
Integrated Processing FootprintAn integrated mill-to-refinery footprint creates operational synergies and optionality to supply domestic and export markets and monetize co-products. That structural vertical integration supports margin stability and competitive positioning versus commodity-only players.