Sharp 2024 Revenue ContractionA one-year, one-third revenue drop signals structural demand or execution issues in core FX/payment flows. Durable revenue declines undermine scale economics, pressure margins and limit reinvestment capacity, increasing uncertainty about returning to prior growth trajectories.
Volatile Cash GenerationLarge swings in operating cash flow reduce predictability for funding working capital and investments. For a payments business where liquidity and client-money handling matter, inconsistent cash conversion raises execution risk and increases reliance on capital buffers or external liquidity lines.
Inconsistent Operating ProfitabilityVolatile EBIT margins indicate the core business struggles to convert revenue into stable operating earnings, likely from fluctuating volumes, FX spreads or cost variability. Persistent margin instability threatens free cash flow durability and complicates multi-year planning and investment.