Strong Revenue GrowthSustained revenue expansion (+61% reported) indicates growing contract wins and real-estate realizations. This durable top-line momentum supports pricing leverage, scale benefits in procurement and bidding competitiveness, and underpins longer-term cash generation for reinvestment.
Robust Cash Flow GenerationConsistent free cash flow and strong operating cash flow to net income imply the company converts earnings into cash reliably. This strengthens funding for capex and working capital, reduces refinancing risk, and enables self-funded project execution over multiple cycles.
Improving Leverage PositionReduced total debt and better debt-to-equity reflect disciplined capital structure management. Lower leverage enhances financial flexibility to bid larger projects, absorb project delays, and maintain investment capacity without materially raising financing costs over the medium term.