Declining Revenue And Negative ProfitabilitySustained revenue decline and a negative net margin erode scale and the firm's ability to cover fixed costs. Without durable revenue recovery, margin restoration will be difficult, constraining reinvestment and shareholder returns over the medium term.
Weak Cash Conversion & Falling FCFA sharp drop in free cash flow and poor operating cash conversion signal weakened internal funding capacity. This limits the company's ability to finance operations, invest in growth, or absorb shocks without external capital over the coming months.
Capital-raising/governance ConstraintFailure to pass a share allotment resolution reduces the firm's ability to raise equity quickly, constraining balance sheet flexibility for M&A or liquidity support. It also signals potential governance friction that can deter investors and hinder strategic moves.