Sharp Revenue DeclineA 32.6% TTM revenue decline signals diminished scale and weaker commodity or production performance, which materially pressures fixed-cost absorption and pricing leverage. Sustained top-line shrinkage undermines long‑term margin recovery and reduces reinvestment capacity.
Structural Unprofitability And Poor ReturnsNegative net margins and a -31.9% ROE reflect persistent inability to generate returns on capital. Without structural margin improvement, the company risks ongoing equity erosion, limited capacity to self‑fund growth, and reduced investor confidence in long‑term capital allocation.
Weak Free Cash Flow TrendA near‑55% decline in FCF growth indicates weakening ability to support capex, exploration or debt reduction from internal cash. Prolonged weak FCF increases reliance on external financing, dilutive equity raises, or cutbacks to growth projects, harming long‑term operational progress.