| Line item | FY22 | FY23 | FY24 | FY25 | FY26 | FY26 |
|---|---|---|---|---|---|---|
| LiabilitiesEquity Capital | 6 | 7 | 10 | 10 | 10 | 12 |
| Reserves | 2 | 18 | 62 | 64 | 74 | 125 |
| Borrowings | — | — | — | — | — | — |
| Other Liabilities | 1 | 11 | 13 | 15 | 21 | 23 |
| Total Liabilities | 8 | 76 | 108 | 112 | 125 | 264 |
| AssetsFixed Assets | 0 | 12 | 16 | 17 | 17 | 18 |
| CWIP | 0 | 0 | 0 | 0 | 0 | 0 |
| Investments | 0 | 28 | 33 | 18 | 27 | 107 |
| Other Assets | 8 | 36 | 58 | 76 | 81 | 139 |
| Total Assets | 8 | 76 | 108 | 112 | 125 | 264 |
| Line item | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|
| ActivitiesCash from Operating | -6 | -24 | -18 | -11 | -20 |
| Cash from Investing | 0 | -17 | -13 | 15 | -81 |
| Cash from Financing | 6 | 44 | 29 | -3 | 116 |
| SummaryCapital Expenditure | — | — | — | — | — |
| Free Cash Flow | -6 | -25 | -24 | -11 | -22 |
| FCF Margin | — | — | — | — | — |
This looks cyclical, and we don't have enough quarters to establish a through-cycle earnings base. Valuing it off the current point in the cycle would be misleading.
CGFL · CYCLICAL_UNMODELABLE
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