Negative ProfitabilityPersistent negative net and operating margins indicate core earnings weakness. Losses erode shareholder equity, limit retained capital for growth, and make the business reliant on external funding. Structural profitability shortfalls impair long-term value creation and strategy execution.
Weak Free Cash Flow TrendsNegative FCF growth and FCF that only roughly covers net losses leave little room for reinvestment, dividends, or absorbing project overruns. Over months this constrains financing flexibility and increases dependency on asset sales or borrowing to fund property development cycles.
Revenue And Operating VolatilitySharp swings in reported revenue complicate forecasting and indicate execution or timing risk across projects and fee income. Combined with negative EBITDA, volatility points to structural operational inefficiencies that hinder predictable cash generation and strategic planning.