Persistent LossesSustained net losses of ~2.56m in FY2025 and minimal revenue indicate the business remains unprofitable and not self-funding. Over the medium term this erodes reserves, forces external financing, and constrains reinvestment into projects unless a clear path to sustained revenue growth is established.
Negative Operating Cash FlowConsistently negative operating cash flow (~-1.02m) shows core activities are not generating cash and the company depends on external capital. This structural cash burn limits strategic options, increases financing risk, and can force project delays or dilutive funding within a 2-6 month horizon if trends do not improve.
Equity ErosionSignificant equity erosion over several years shrinks the balance sheet buffer available to absorb losses and increases the likelihood management must raise capital. That raises dilution risk, weakens creditor protections, and reduces long-term financial flexibility unless profitability returns.