Strong Revenue GrowthSustained double-digit revenue growth (~62-65% y/y) demonstrates durable demand and effective store execution. Over a multi-month horizon this supports scale economics, higher bargaining power with suppliers, and capacity to reinvest in merchandising and selective store expansion to deepen market share.
Improving ProfitabilityStable gross margins alongside an improved net margin (3.8%) and rising EBIT/EBITDA margins indicate the company is converting sales into sustainable earnings through better cost control and operational leverage. This structural margin progress supports cash generation and investor confidence over months.
Positive Operating Cash FlowOperating cash flow strength and a return to positive free cash flow in 2025 provide durable financial flexibility. Reliable cash generation supports working capital needs, funds capex for store refreshes, and reduces reliance on external financing in the medium term if maintained.