Conservative Balance SheetLow leverage and a roughly 48% equity ratio provide structural financial resilience, lowering refinancing and default risk. This conservative capital structure supports durable operations through enrolment cycles, funds selective investment, and preserves strategic optionality over the next several quarters.
Improved Cash GenerationA shift to positive operating cash flow and a 1.58 cash-to-income conversion signal improved cash quality and collection discipline. Sustained OCF strength increases internal funding for working capital and strategic initiatives, reducing reliance on external financing over the medium term.
Profitability RecoveryRecovery from prior losses to a positive net margin and strong EPS growth indicates operational fixes and cost control taking hold. If sustained, this will help rebuild retained earnings, improve ROE, and create a firmer base for reinvestment and shareholder distributions.