| Line item | FY24 | FY25 | FY26 | FY26 |
|---|---|---|---|---|
| LiabilitiesEquity Capital | 22 | 41 | 43 | 43 |
| Reserves | 34 | 72 | 90 | 96 |
| Borrowings | — | — | — | — |
| Other Liabilities | 1 | 352 | 151 | 320 |
| Total Liabilities | 74 | 489 | 438 | 712 |
| AssetsFixed Assets | 0 | 0 | 9 | 9 |
| CWIP | 0 | 0 | 0 | 0 |
| Investments | 2 | 5 | 1 | 2 |
| Other Assets | 72 | 483 | 429 | 701 |
| Total Assets | 74 | 489 | 438 | 712 |
| Line item | FY24 | FY25 | FY26 |
|---|---|---|---|
| ActivitiesCash from Operating | -24 | -72 | -192 |
| Cash from Investing | -6 | 1 | -2 |
| Cash from Financing | 31 | 72 | 228 |
| SummaryCapital Expenditure | — | — | — |
| Free Cash Flow | -24 | -73 | -192 |
| 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.
YOGI · CYCLICAL_UNMODELABLE
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