| Line item | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | FY26 | FY26 |
|---|---|---|---|---|---|---|---|---|
| LiabilitiesEquity Capital | 5 | 5 | 5 | 7 | 7 | 21 | 22 | 48 |
| Reserves | 6 | 6 | 6 | 14 | 15 | 70 | 76 | 60 |
| Borrowings | 20 | 21 | 21 | 17 | 18 | 17 | 17 | 18 |
| Other Liabilities | 7 | 6 | 5 | 6 | 5 | 8 | 6 | 9 |
| Total Liabilities | 37 | 38 | 38 | 44 | 45 | 115 | 121 | 134 |
| AssetsFixed Assets | 19 | 18 | 22 | 21 | 21 | 20 | 19 | 20 |
| CWIP | 5 | 5 | 0 | 4 | 6 | 5 | 5 | 5 |
| Investments | 0 | 0 | 0 | 0 | 0 | 74 | 86 | 83 |
| Other Assets | 13 | 15 | 16 | 19 | 18 | 17 | 10 | 26 |
| Total Assets | 37 | 38 | 38 | 44 | 45 | 115 | 121 | 134 |
| Line item | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|
| ActivitiesCash from Operating | 1 | 4 | 0 | -1 |
| Cash from Investing | -4 | -4 | -75 | -3 |
| Cash from Financing | 3 | -0 | 75 | 4 |
| SummaryCapital Expenditure | — | — | — | — |
| Free Cash Flow | -3 | 0 | -0 | -3 |
| 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.
SAMPRE · CYCLICAL_UNMODELABLE
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