Negative Operating Cash FlowsPersistent negative operating cash flow undermines the conversion of accounting profits into liquid resources, constraining the company's ability to self-fund projects, capex, or dividends. Over several quarters this structural cash gap increases reliance on financing or asset sales.
Declining Total AssetsA gradual reduction in total assets may signal slower reinvestment or asset sales, potentially limiting capacity for new development projects. If sustained, this trend could cap growth potential and impede the company’s ability to scale operations in the medium term.
Thin Operating MarginsRelatively low EBIT and EBITDA margins leave limited buffers against construction cost inflation or project delays. Sustaining profitability in the face of cyclical input costs requires efficiency gains; otherwise these thin margins could erode returns during downturns.