Regulated Water BusinessOperating in regulated municipal and industrial water services gives stable, non-cyclical demand and long-term contract visibility. This reduces revenue volatility, supports steady cash generation from core operations, and underpins durable service-based margins over multiple years.
Government And Local PartnershipsPartnerships and government contracts provide a predictable project pipeline and potential access to public funding or concessional terms. These relationships support recurring service revenue, lower customer concentration risk, and enable scale in infrastructure projects that persist beyond short-term cycles.
Positive Operating Cash FlowPositive operating cash flow shows the core business converts revenue into cash, supporting day-to-day operations and interest servicing. If capex is rationalized, this operational cash generation can be shifted to restore free cash flow and improve liquidity over the medium term.