Negative EPS TrendDeclining EPS growth indicates pressure on per-share earnings that can persist despite revenue recovery. This may reflect margin pressure on certain contract types, share issuance or one-off items, limiting sustainable improvements in shareholder returns.
Declining Total AssetsA shrinking asset base can signal underinvestment in capacity or deferred maintenance, constraining the firm's ability to scale for larger projects. Over time this may reduce competitiveness for capital-intensive bids and limit long-term revenue expansion.
Project-driven Revenue CyclicalityRevenue dependence on new contract awards and sector mix creates structural volatility. Business outcomes hinge on bidding success, public procurement timing and execution efficiency, making multi‑period earnings and cash flows more lumpy and harder to predict.