Very Thin Net Profit MarginsNet margins of ~1.7% leave little buffer against cost inflation, pricing pressure, or project overruns. Persistent thin profitability constrains internal reinvestment, reduces returns to shareholders, and increases sensitivity to any downturns in demand.
Revenue Still Below Pre-period LevelsDespite recent growth, revenue remaining under 2020 levels suggests structural loss of sales, market share, or slower end-market recovery. That raises risk that reported rebounds are cyclical rather than a durable shift to a higher baseline of demand.
Low Return On EquityAn ROE of ~2.4% indicates limited efficiency in converting equity into profit. Over the medium term this constrains shareholder value creation and may pressure management to change capital allocation if profitability and margins do not materially improve.