Debt-free Balance SheetA zero-debt, equity-heavy balance sheet materially reduces solvency and refinancing risk for a capital-intensive solar operator. This conservative structure preserves flexibility to fund maintenance or projects, supports access to external project finance, and cushions revenue volatility over the medium term.
Contract-based Power-sale ModelA business model built on selling generated electricity and power-sale arrangements provides inherently contractable, asset-backed revenue streams. Long-dated offtake contracts and grid sales improve cash-flow visibility relative to spot-exposed businesses and aid project financing and long-term operating planning.
Recent Cash-flow And EBITDA ImprovementPositive operating cash flow and sustained positive EBITDA in FY2025 demonstrate the core assets can generate cash. If maintained, this improves the firm's ability to fund maintenance capex, service obligations and pursue selective reinvestment, helping shift toward durable cash generation.