Weak Cash FlowA free cash flow decline of -218.36% and an operating cash flow to net income ratio of 2.74% signal persistent cash generation issues. Weak FCF strains working capital funding for projects, may force external financing, and raises liquidity risk during extended receivable or billing cycles.
Margin CompressionDeclining gross and net margins, alongside reduced EBIT/EBITDA margins, suggest rising input costs or pricing pressure on contracts. Sustained margin erosion will impair project returns, reduce reinvestable cash and limit the company’s ability to absorb cost shocks over the medium term.
Earnings VolatilityA steep EPS decline (-54.53%) highlights earnings volatility and weaker per-share profitability. Persistent EPS deterioration reduces retained earnings available for reinvestment, limits buffer against project overruns, and can undermine long-term capacity to scale operations sustainably.