2025 Revenue And Profit DeclineA decline in 2025 revenue and net income signals project timing or award pacing risk. If award inflows or execution slow, revenue recognition and margin recovery may lag, pressuring multi-quarter earnings stability and reducing visibility into the medium-term growth trajectory.
Volatile Free Cash FlowHigh variability in operating cash flow and free cash flow makes funding project mobilization and supplier payments less predictable. This increases reliance on advances, working-capital financing or debt, raising liquidity risk and complicating long-term planning for capex and bid commitments.
Rising Total LiabilitiesAn observed increase in total liabilities may reflect higher payables, short-term borrowings or deferred obligations tied to projects. Persistently rising liabilities can tighten liquidity, elevate counterparty or rollover risk, and constrain the company’s ability to scale backlog without extra financing.