Diversified Product MixA multi-output business model—sugar, ethanol and cogenerated power—provides durable revenue diversification. This reduces reliance on a single commodity price, allows capture of policy-driven ethanol demand, and stabilizes cash flows across crushing seasons and commodity cycles.
Strong Revenue And Margin ExpansionMaterial revenue growth and improving gross and net margins reflect sustained operational improvements and cost management. Higher margins increase internal cash generation capacity and support reinvestment into ethanol and cogeneration, enhancing long-term earnings durability.
Solid Balance Sheet And Low LeverageLow leverage and a high equity ratio provide financial flexibility to fund capex, withstand cyclical sugar industry shocks, and maintain liquidity. Prudent gearing reduces refinancing risk and supports longer-term investments in capacity and by-product monetization.