Persistent Net LossesContinued negative net margins indicate the company has not converted revenue growth into sustainable profitability. Over months this erodes retained earnings, limits internal funding for capex and estate upkeep, and raises execution risk for strategies that depend on improving operating leverage.
Weak Cash GenerationConsistently negative free cash flow and weakening operating cash flow signal structural cash-generation issues. This heightens reliance on external financing for working capital and capex, increases liquidity risk during seasonal cycles, and constrains reinvestment into estates and processing.
Declining Shareholders' EquityErosion of shareholders' equity reflects accumulated losses or balance-sheet strain. Over a medium-term horizon this reduces financial headroom, limits borrowing capacity, and makes the company more vulnerable to adverse crop, price or cost shocks, impairing strategic flexibility.