Financial Analysis Center

Green Flags

• Foreign holders had been net buying 4 months out of the last 6 months time period

Red Flags

• There were: 1x monthly occurence of increase in public holding --> selling activity
• Net public holding change within the past 6 months: +0.26%
• In the last 6 months: out of 605 million shares sold: 3 million shares came from Foreign holders
• Foreign holders had been net selling 2 months out of the last 6 months time period

Green Flags

• Total EBITDA 17.0 B is sufficient to cover Total Interest Exp -9.0 B in the last 8 quarters

Red Flags

• Multiple quarters of (-) Net Income
• Top line decreased by -17.9% in latest Q3 '25 quarter
• Current EBITDA -0.8 B insufficient to cover current Interest Exp -1.2 B
• Negative Turnaround detected: 6 months Net Profit last year become Net Loss this year which fell -174.0%

Green Flags

• Decreasing DER for 4 consecutive quarters
• Current Ratio: 2.0x with an avg of 2.0x over 8 quarters
• No buildup of inventory and receivables in the balance sheet (current).
• No buildup of inventory and receivables in the last 2 quarters

Red Flags

• Annual avg shares o/s increase: 5.1%
• Shares o/s increased by 25.3% in the last 3 yrs
• In the last 4 quarters: 1 occurence of Receivables growing 10.1x of Sales growth

Green Flags

Red Flags

• Negative Net Profit and Operating CF