Conservative Balance SheetLow leverage and a stable equity base give the company durable financial flexibility. This supports resilience through market cycles, capacity to fund operations or strategic initiatives without reliance on costly debt, and provides downside protection for 2–6 month horizons.
Strong Recent Cash GenerationRobust cash conversion in the latest trailing period strengthens liquidity and funds day-to-day operations, dividends, or investments without depending on external financing. This cash-generation ability provides lasting operational optionality despite prior volatility.
Diversified Fee-based Business ModelMultiple revenue streams (brokerage, margin financing, advisory, proprietary trading, partnerships) and advanced trading platforms increase client stickiness and reduce single-product exposure, supporting more stable fee income and cross-sell opportunities over medium term.