Negative Net Income And Profitability DeclineSustained net losses erode retained earnings and constrain the company’s ability to self-fund development or absorb cost overruns. Persistent unprofitability increases reliance on external financing and heightens risk to long-term project pipelines and stakeholder confidence.
Declining Operating And Free Cash FlowFalling operating and free cash flows limit liquidity to complete projects, service debt, and fund working capital. Deteriorating FCF relative to earnings increases sensitivity to funding costs and could force asset sales or heavier reliance on external capital during downturns.
Sharp EPS DeclineA dramatic EPS decline signals meaningful deterioration in shareholder returns and often reflects one-off or structural earnings pressures. Combined with the noted negative ROE in 2025, this undermines capacity to attract equity capital and weakens internal metrics used for project approvals.