Persistent Net LossesRepeated negative net margins, including ~-16.5% in 2025, show the company has not converted top-line recovery into sustainable profits. Structural losses limit retained earnings, constrain reinvestment, force reliance on disposals or financing, and impair long-term shareholder value creation.
Weak Returns On EquityMulti-year weak or negative ROE indicates the firm’s capital base is not generating acceptable returns. This reduces internal funding for growth, weakens attractiveness to investors, and suggests operational or asset-yield issues that could persist absent structural changes.
Low Cash Coverage Of DebtOCF covering only ~12% of total debt signals limited internal capacity to service liabilities and a narrow buffer for interest or principal demands. This elevates refinancing and liquidity risks and may force asset disposals or constrain strategic investments during downturns.