Top-line RecoveryA 58% revenue rebound indicates the company can regain sales momentum and convert completed projects into recognized revenue. Sustained top-line recovery supports underwriting of new projects, improves cash conversion potential and underpins medium-term operational recovery if execution holds.
Improved Cash GenerationMaterially positive operating and free cash flow in 2025 bolsters liquidity and reduces immediate refinancing pressure. If sustained, stronger cash generation provides the firm flexibility to fund working capital, service debt, or selectively deleverage without relying on capital markets.
Sizable Asset BaseA substantial asset base offers collateral and development inventory that can be monetized or restructured to restore balance-sheet health. This tangible asset footprint provides long-term optionality for recapitalization, project sales or joint-venture funding to improve liquidity.