Volatile Free Cash FlowSignificant free cash flow volatility and a material drop in 2024 weaken funding for network expansion, connection programs, and dividends. Persistent cash conversion instability raises refinancing and working-capital risks and limits the firm's ability to invest or absorb procurement cost shocks over the next 2-6 months.
Declining Net Income And MarginsA drop in net income and compressed net profit margin indicates pressure below the operating line, reducing retained earnings and cash available for reinvestment. If driven by structural tariff pass-through limits or higher procurement costs, margin erosion can persist and constrain long-term profitability and growth.
Weak EPS Trend And Lower ROEA sharp EPS decline and reduced return on equity signal deteriorating profitability and shareholder returns. This trend can increase the cost of capital and limit internal funding for new projects, making strategic investments or dividend sustainability more challenging without a rebound in earnings quality.