| Line item | FY15 | FY16 | FY17 | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|---|---|---|
| LiabilitiesEquity Capital | 12 | 12 | 12 | 24 | 27 | 27 | 27 | 27 |
| Reserves | 4 | 15 | 17 | 86 | 89 | 113 | 118 | 110 |
| Borrowings | 0 | 0 | 1 | 11 | 10 | 59 | 78 | 63 |
| Other Liabilities | 30 | 27 | 31 | 68 | 84 | 103 | 107 | 124 |
| Total Liabilities | 46 | 54 | 60 | 190 | 210 | 302 | 330 | 325 |
| AssetsFixed Assets | 5 | 2 | 2 | 4 | 4 | 6 | 15 | 14 |
| CWIP | 0 | 0 | 0 | 0 | 0 | 0 | 1 | 1 |
| Investments | 1 | 0 | 19 | 11 | 11 | 25 | 11 | 13 |
| Other Assets | 40 | 53 | 39 | 175 | 195 | 271 | 303 | 297 |
| Total Assets | 46 | 54 | 60 | 190 | 210 | 302 | 330 | 325 |
| Line item | FY14 | FY15 | FY16 | FY17 | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|---|---|---|---|
| ActivitiesCash from Operating | 8 | 7 | 3 | -3 | -20 | -15 | -40 | -25 |
| Cash from Investing | 3 | 2 | 0 | 18 | 10 | 8 | -2 | 4 |
| Cash from Financing | -10 | -11 | 0 | -16 | 12 | 5 | 44 | 16 |
| SummaryCapital Expenditure | — | — | — | — | — | — | — | — |
| Free Cash Flow | 8 | 8 | 3 | -4 | -21 | -15 | -41 | -35 |
| FCF Margin | — | — | — | — | — | — | — | — |
For capital-heavy businesses (telecom, power, heavy manufacturing) reported profit ignores the cash needed just to stand still. We'd systematically overvalue it, so we don't show a number.
HAMPTON · CAPITAL_INTENSIVE
Guides on how to read this kind of business and the numbers that matter.