| Line item | FY24 | FY25 | FY26 | FY26 |
|---|---|---|---|---|
| LiabilitiesEquity Capital | 11 | 11 | 11 | 11 |
| Reserves | 3 | 4 | 5 | 2 |
| Borrowings | 0 | 0 | 0 | 0 |
| Other Liabilities | 0 | 0 | 0 | 0 |
| Total Liabilities | 15 | 15 | 17 | 14 |
| AssetsFixed Assets | 0 | 0 | 0 | 0 |
| CWIP | 0 | 0 | 0 | 0 |
| Investments | 12 | 12 | 13 | 13 |
| Other Assets | 2 | 3 | 3 | 0 |
| Total Assets | 15 | 15 | 17 | 14 |
| Line item | FY24 | FY25 | FY26 |
|---|---|---|---|
| ActivitiesCash from Operating | 0 | -7 | 3 |
| Cash from Investing | 2 | 5 | -3 |
| Cash from Financing | 0 | 0 | 0 |
| SummaryCapital Expenditure | — | — | — |
| Free Cash Flow | 0 | -7 | 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.
TTGIL · CYCLICAL_UNMODELABLE
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