Strong Revenue GrowthSustained multi-year revenue expansion (5,078m → 17,178m) and a 69% reported revenue growth indicate expanding market share and stronger room, F&B and events demand across its city locations. This supports a durable top-line base and underpins medium-term earnings resilience.
Margin Recovery And ProfitabilityA shift from negative margins to a 71.7% gross margin and positive 8.3% net margin reflects improved cost control, pricing power and operating leverage in hospitality and F&B. These margin gains are structural, improving cash conversion potential and long-term profitability sustainability.
Improved Balance Sheet & Cash GenerationA stronger equity base and halved leverage (D/E 1.8→0.9) alongside materially improved operating cash flow (9,503m) enhance financial flexibility. This reduces refinancing pressure and supports growth capex or selective asset monetization without immediate solvency risk.