Improved Cash GenerationConsistent positive operating and free cash flow in 2024–2025 provides durable cash generation to fund R&D, capex, and debt reduction. If maintained, improved cash conversion strengthens solvency, supports strategic investments, and reduces dependence on external financing.
Stronger Balance-sheet PostureMaterial leverage reduction versus 2020 and a more manageable 2023–2025 capital structure give the company financial flexibility. Stable equity cushions downturns, enabling investment in product development and distribution without immediate refinancing risk.
Return To ProfitabilityReturn to positive earnings and improved operating profitability in 2025 indicates the business can generate sustainable profits at current scale. Sustained profitability would improve internal funding for growth, boost ROE, and validate recent cost or structural improvements.