Sharp Revenue DeclineA 30% revenue contraction is a material structural setback that pressures earnings scalability and may reflect lost business, repricing, or portfolio changes. Such a decline can persistently reduce operating leverage and limit reinvestment or lending expansion.
Weak Cash GenerationReversal to negative operating and free cash flow across 2024–2025 indicates reduced internal funding capacity. Persistent cash weakness raises reliance on external funding, constrains loan origination and dividend flexibility, and heightens refinancing and liquidity risk.
Elevated LeverageAlthough leverage improved, debt levels remain elevated relative to peers, limiting financial flexibility. Higher leverage increases sensitivity to credit losses and rate shocks, raising funding costs and reducing capacity for strategic investment without further capital.