Sharply Declining RevenueA ~23.5% revenue decline is a material structural concern. Reduced top-line scale weakens pricing leverage, limits fixed-cost absorption, and constrains reinvestment. Unless revenue stabilizes or reverses, profitability and cash flow gains may prove fragile over the medium term.
Asset Base ContractionA decline in total assets can reflect disposals, depreciation outpacing investment, or curtailment of capacity. For a company reliant on estates and service assets, shrinking asset base may limit production or service capability and impair future revenue generation without renewed investment.
Exposure To Commodity/weather And Cyclical Aviation DemandTea production is intrinsically exposed to weather, yields and commodity price swings, while aviation services depend on airline demand cycles. These structural exposures create persistent revenue volatility and complicate medium-term planning for cash flow and capacity investments.