Revenue Growth MomentumTop-line re-acceleration in 2025 shows demand recovery or stronger commercial execution. Sustained revenue growth over the medium term helps absorb fixed costs, supports operating leverage and gives management runway to restore margins and improve profitability if the trend persists.
Equity Capital CushionA sizeable equity base (~320m) provides a durable capital buffer against ongoing losses and rising leverage. This structural cushion enhances solvency, supports access to financing, and gives the company flexibility to execute turnarounds or investments without immediate distress.
Positive Operating Cash FlowConsistent positive operating cash flow, including ~69m in 2025, indicates the core business still converts sales into cash. Durable OCF reduces near-term refinancing pressure, helps fund working capital and selective investments, and provides a foundation for recovery despite FCF volatility.