Loss-Making At EBIT & Net Income LevelDespite revenue gains and improving EBITDA, the company remains loss-making at EBIT and net income levels. Persistent operating losses impede retained-earnings accumulation, limit reinvestment capacity, and may require external funding if positive earnings are not achieved within the medium term.
Negative And Volatile Cash FlowOperating and free cash flow are currently negative and have shown sharp swings historically. Volatile cash generation raises execution and funding risk, increasing reliance on capital markets or balance-sheet buffers to support credit origination and merchant payment operations over coming quarters.
Negative Returns On EquityROE remains negative, indicating the company is not yet generating returns on invested capital. Persistent negative returns signal that capital deployment has not produced profitable growth, which constrains long-term shareholder value creation unless operational performance improves materially.