Robust Cash GenerationSustained, materially higher operating and underlying cash flow strengthens funding for sustaining and growth capex, dividends and exploration without adding leverage. This durable cash generation underpins measured capital allocation and resilience through commodity cycles over the next 2–6 months and beyond.
Strengthened Balance Sheet And LiquidityA near‑$1bn cash position and sharply lower gearing materially increase financial flexibility, reduce refinancing risk and allow funding of projects or buybacks without high leverage. This structural improvement supports lower funding costs and optionality across business cycles.
High Margins And Improving RevenueConsistent revenue growth with strong gross and EBIT margins indicates operational efficiency and portfolio quality. Durable margins provide cushion against cost inflation and commodity variability, supporting reinvestment, free cash flow conversion and sustainable returns to shareholders.