Persistent LossesOngoing negative net profit and EBIT margins show the business is not yet profitable, limiting retained earnings and self-funding capacity. Persistent losses raise reliance on external capital and constrain long-term shareholder return prospects absent a clear path to margin recovery.
Weak Cash GenerationNegative operating and free cash flows indicate the company cannot consistently convert earnings into cash, undermining its ability to invest, pay down debt, or sustain operations without financing. This structural cash shortfall increases refinancing and liquidity risk.
Low Equity And Capital EfficiencyA low equity ratio and negative ROE point to limited capital cushion and poor returns on shareholders' funds. This reduces resilience to shocks and may hinder access to favorable financing, forcing higher-cost capital or dilution to support growth.