Negative Operating ProfitA negative EBIT reflects underlying operational inefficiencies that erode core profitability. Persistent operating losses can deplete reserves, force cost cuts or higher financing, and undermine the company's ability to translate revenue scale into sustainable net earnings over the medium term.
Recent Revenue ContractionA recent sharp decline in revenue growth signals volatility in trading volumes or client activity, characteristic of cyclical capital markets. Such contractions can pressure margins, reduce fee income predictability, and complicate medium-term planning for investments and staffing.
Rising Liabilities / Leverage RiskAn increase in liabilities and rising debt, despite healthy equity, raises leverage and interest-service risk. Higher obligations reduce financial flexibility, constrain capital allocation for growth, and amplify sensitivity to market stress or interest-rate shifts over the medium term.