Trailing Revenue DeclineNegative revenue growth indicates underlying demand or retention challenges in core hospitality and retail markets. If top-line erosion persists, it can outpace margin improvement, constrain reinvestment, and limit the ability to leverage fixed costs, impairing long-term profitability and scale.
Shrinking Asset BaseA reduction in total assets may reflect lower capex, disposals or underinvestment, potentially limiting capacity to scale or upgrade networks. Over time, a shrinking asset base can impair service coverage, slow product rollouts and weaken competitive positioning versus better-capitalized peers.
Modest Profitability MarginsWhile margins improved, absolute profitability remains modest, leaving limited buffer against cost shocks or pricing pressure. Modest net and operating margins constrain the company's ability to fund large-scale growth initiatives internally and make it more sensitive to adverse industry cycles.