Free Cash Flow StrengthConsistent free cash flow close to net income and ~26% FCF growth in 2025 indicates the business converts earnings into cash reliably. That cash cushioning supports dividends, centre reinvestment and gradual deleveraging, providing durable financial flexibility for 2–6 months and beyond.
Improved MarginsOperating margin near 22% and net margin around 10% in 2025 reflect materially improved unit economics versus prior years. Sustained higher margins help absorb occupancy fluctuations, support reinvestment in centres and underpin more resilient cash generation over the medium term.
Revenue Growth MomentumStrong reported revenue growth (Fundamentals: ~26% and ~13% in 2025) indicates recovering demand or successful expansion/price mix. A rising revenue base supports scale benefits across centres, improves fixed-cost absorption and contributes to sustainable margin improvement if trends persist.