Sharp Debt Increase In 2025A near-doubling of debt materially raises leverage and financial risk, reducing balance-sheet flexibility. Higher debt amplifies interest and covenant sensitivity, constraining the firm's ability to absorb shocks or fund growth without further external financing over the medium term.
Swing To Large Negative Free Cash Flow In 2025A sharp FCF swing suggests heavy capex or working-capital absorption that internal cash did not fund. Combined with higher debt, this raises near-term liquidity and refinancing risk and could force cutbacks to dividends, investment, or require external funding.
Downward Pressure Below Operating Line; Net Income And EPS WeaknessDespite higher EBIT, net income and EPS declined, pointing to rising interest, tax, or one-off costs that erode distributable earnings. This weakens earnings quality and limits free cash available for deleveraging or shareholder returns in the coming quarters.