Negative Free Cash FlowNegative free cash flow driven by higher capex and negative operating cash flow erodes internally generated liquidity, increasing dependence on external financing. Over 2–6 months this pressure can constrain investments, raise financing costs, or require asset sales if not corrected.
Earnings VolatilityVolatile net income undermines predictability of earnings and cash generation. For stakeholders this raises forecasting risk, complicates reinvestment plans or dividend policy, and may increase the cost of capital or cautious credit terms over the medium term.
Rising DebtA substantial increase in total debt in 2025 raises leverage and interest obligations. Coupled with negative operating cash flow, this elevates solvency and refinancing risk, potentially forcing austerity, higher borrowing costs, or asset disposals to stabilize the balance sheet.