Manageable LeverageConsistently moderate leverage (≈0.36x) gives the company financial flexibility to fund operations, support working capital, and invest in recovery initiatives without excessive interest burden. This durable balance-sheet cushion reduces refinancing risk and supports resilience across cycles.
Improved Cash GenerationOperating and free cash flow turned positive in 2025, signaling improved cash conversion versus prior years. Higher-quality cash generation strengthens liquidity, allows self-funding of near-term needs, and provides a platform to deleverage or reinvest if the company sustains this improvement.
Revenue Rebound And EBITDA RecoveryA sharp 2025 revenue lift and return to positive EBITDA indicate demand recovery and better fixed-cost absorption. If sustained, rising volumes plus EBITDA stability create a path to operating profitability by improving unit economics and enabling reinvestment in growth or margin expansion.