Negative Free Cash FlowNegative free cash flow in 2025, driven by elevated capex, reduces internal funding capacity and can strain liquidity if sustained. Even with improved operating cash flow, persistent negative FCF may force financing, restrict discretionary investments, or slow deleveraging, affecting financial resilience over coming quarters.
Declining Profitability / ROEA drop in net income and reduced return on equity signals the company is not converting incremental revenue into proportional profits. This weaker profitability can erode investor returns, limit internal capital formation, and suggests management must improve margins or asset utilization to restore long-term earnings power.
Erosion Of Equity BaseA declining shareholders' equity balance shrinks the capital buffer available for growth and loss absorption. Continued erosion would reduce financial flexibility, worsen leverage metrics if debt persists, and constrain the company’s ability to fund investments from internally generated equity over the medium term.