| Line item | FY23 | FY24 | FY25 | FY26 | FY26 |
|---|---|---|---|---|---|
| LiabilitiesEquity Capital | 13 | 104 | 523 | 523 | 523 |
| Reserves | 90 | -49 | 202 | 233 | 231 |
| Borrowings | — | — | — | — | — |
| Other Liabilities | 0 | 48 | 48 | 23 | 20 |
| Total Liabilities | 103 | 774 | 774 | 779 | 774 |
| AssetsFixed Assets | 8 | 8 | 8 | 367 | 6 |
| CWIP | 0 | 0 | 0 | 0 | 0 |
| Investments | 0 | 362 | 362 | 0 | 362 |
| Other Assets | 95 | 403 | 403 | 412 | 405 |
| Total Assets | 103 | 774 | 774 | 779 | 774 |
| Line item | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|
| ActivitiesCash from Operating | 2 | -212 | -75 | -4 |
| Cash from Investing | 3 | -363 | 75 | 2 |
| Cash from Financing | 0 | 566 | 1 | -1 |
| SummaryCapital Expenditure | — | — | — | — |
| Free Cash Flow | 1 | -213 | -75 | -2 |
| FCF Margin | — | — | — | — |
An earnings-based reverse DCF needs positive, normalized profits. This business doesn't have them yet, so any 'fair value' would be fiction.
SCL · LOSS_MAKING
Guides on how to read this kind of business and the numbers that matter.