Persistent Net LossesOngoing net losses erode retained equity, limit reinvestment, and constrain management choices for capex or shareholder returns. Persisting losses also impair credit metrics and could raise funding costs, making it harder to scale operations or respond to competitive pressures over the medium term.
Declining Revenue TrendA substantial year-over-year revenue decline signals possible demand weakness, pricing pressure, or volume loss. Reduced top-line scale undermines fixed-cost absorption in cement manufacturing, pressures margins, and limits the company's ability to invest in efficiency improvements or cover cyclical downturns sustainably.
Negative EBITDA And Weak MarginsNegative EBITDA highlights operational stress—costs and pricing misalignment—and indicates core operations are not generating operating cash. Persistently weak margins make profitability recovery harder, reduce free cash flow reliability, and heighten vulnerability to input-cost or demand shocks.