Balance Sheet StrengthA high equity ratio (59.53%) and low debt reduce financial risk and provide durable funding flexibility. This balance-sheet strength supports capital spending, weathering construction-cycle downturns, and reduces refinancing needs, sustaining strategic investments without raising leverage.
Improving Margins & Operational EfficiencyImproving gross, net, EBIT and EBITDA margins indicate sustained cost control and operational leverage. Better margins enhance cash conversion and resilience to input-cost shocks, enabling the company to maintain profitability and reinvest in core operations over the medium term.
Positive Free Cash Flow And LiquidityGenerating positive free cash flow in 2025, combined with substantial cash reserves, creates a durable liquidity buffer for reinvestment, dividends or debt reduction. Persistent FCF supports autonomous funding of growth initiatives and reduces dependence on external financing.