Improved LeverageLeverage has materially declined to roughly 0.95x in 2025 from over 2x earlier, reducing solvency and refinancing risk. This improved capital structure increases financial flexibility for debt servicing, investment or deal-making and lowers vulnerability to interest-rate or revenue shocks over coming months.
Stronger Cash GenerationOperating and free cash flow turned positive in 2024–2025, signalling the business can generate internal funding for operations and modest capex. Sustainable positive cash generation supports deleveraging, working-capital needs and strategic reinvestment over a multi-month horizon if volatility is managed.
Earnings RecoveryThe company moved from losses to positive earnings in 2024–2025 with notable EPS improvement, indicating operational stabilization. A return to profitability, if maintained, provides a base for sustained cash flows and incremental reinvestment or further balance-sheet repair in the medium term.