Weak Cash ConversionPersistent negative free cash flow and poor conversion of reported income into cash weaken liquidity and constrain reinvestment. Over 2-6 months this raises reliance on external financing or asset sales, limiting the company's ability to stabilize operations and pursue growth.
Negative EBIT/EBITDA MarginsNegative operating and EBITDA margins show core business economics are currently loss-making, not just affected by one-off items. This structural weakness undermines sustainable profitability and requires operational fixes or cost base realignment to restore durable earnings.
Revenue And Profitability VolatilityHigh swings in revenue and inconsistent returns on equity create forecasting and execution risk. Such volatility hampers long-term planning, capital allocation, and investor confidence, making it harder to rely on recent growth as a durable improvement in performance.