2025 Profitability TurnaroundThe company delivered a clear operational turnaround in 2025 with materially higher revenue and profits. Sustained profitability improvement supports reinvestment in capabilities, strengthens counterparty confidence on bids, and reduces refinancing pressure, improving long-term survivability.
Material Free Cash Flow GenerationRobust operating and free cash flow in 2025 shows the business can convert earnings into cash, enabling debt servicing, working-capital funding, and selective capex. Strong cash conversion enhances financial flexibility and underpins sustainable operations over multiple project cycles.
Improved Leverage And Equity BaseLower debt-to-equity and a stronger equity base reduce financial risk and interest burden, giving the company more headroom to bid for larger projects and weather cyclical downturns. Improved capital structure supports strategic investment and counterparty trust.