Revenue Growth TrajectoryConsistent multi-year revenue scaling, including a re-acceleration in 2025, indicates durable market demand and successful customer penetration in the MRO segment. This supports sustainable top-line expansion, capacity to reinvest in logistics/catalog, and a stronger base for margin improvement over the medium term.
Platform-led MRO Business ModelA large SKU assortment plus direct-to-customer fulfillment creates recurring purchase behavior for consumables and replacement parts. That business-model durability supports high customer lifetime value, predictable reorder patterns, and competitive advantage versus fragmented offline suppliers, underpinning steady revenue and margin resilience.
Conservative Capital StructureA generally conservative balance sheet with modest leverage and high ROE provides financial flexibility for investment, working-capital needs, and potential M&A. Lower structural leverage reduces refinancing risk and supports resilience through demand cycles, preserving the company's ability to fund long-term growth initiatives.