| Line item | FY24 | FY25 | FY26 | FY26 |
|---|---|---|---|---|
| LiabilitiesEquity Capital | 19 | 24 | 42 | 42 |
| Reserves | -2 | 4 | 47 | 36 |
| Borrowings | 0 | 19 | 19 | 34 |
| Other Liabilities | 8 | 10 | 42 | 33 |
| Total Liabilities | 25 | 57 | 149 | 145 |
| AssetsFixed Assets | 13 | 30 | 78 | 72 |
| CWIP | 0 | 0 | 0 | 0 |
| Investments | 0 | 0 | 0 | 0 |
| Other Assets | 12 | 27 | 71 | 72 |
| Total Assets | 25 | 57 | 149 | 145 |
| Line item | FY24 | FY25 | FY26 |
|---|---|---|---|
| ActivitiesCash from Operating | — | -12 | 13 |
| Cash from Investing | — | -20 | -30 |
| Cash from Financing | — | 34 | 17 |
| SummaryCapital Expenditure | — | — | — |
| Free Cash Flow | — | -23 | 8 |
| 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.
GTTDATA · CYCLICAL_UNMODELABLE
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