| Metric | Q3 FY24 | Q4 FY24 | Q1 FY25 | Q2 FY25 | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 | Trend |
|---|---|---|---|---|---|---|---|---|---|
| EarningsRevenue | $486.00M | $256.00M | $298.00M | $392.00M | $429.00M -11.7% | $310.00M +21.1% | $354.00M +18.8% | $481.00M +22.7% | Strengthening |
| Operating Profit | $178.00M | -$37.00M | $0 | $85.00M | $112.00M -37.1% | -$37.00M +0.0% | $20.00M | $116.00M +36.5% | Strengthening |
| Net Profit | $36.00M | $3.00M | -$3.00M | $30.00M | $232.00M +544.4% | -$90.00M -3100.0% | -$163.00M -5333.3% | $122.00M +306.7% | Weakening |
| EPS | — | — | — | — | — | — | — | — | — |
| Other Income | -$118.00M | -$11.00M | -$104.00M | -$68.00M | -$83.00M +29.7% | -$80.00M -627.3% | -$90.00M +13.5% | -$89.00M -30.9% | Weakening |
| Interest | $139.00M | $23.00M | $116.00M | $83.00M | $98.00M -29.5% | $90.00M +291.3% | $101.00M -12.9% | $105.00M +26.5% | Strengthening |
| Depreciation | — | — | — | — | — | — | — | — | — |
| Profit before Tax | $60.00M | -$48.00M | -$104.00M | $17.00M | $29.00M -51.7% | -$117.00M -143.8% | -$70.00M +32.7% | $27.00M +58.8% | Weakening |
| MarginsOPM | 36.6% | -14.4% | 0.0% | 21.7% | 26.1% -28.7% | -11.9% +17.4% | 5.7% | 24.1% +11.3% | Strengthening |
| Tax | 55.0% | 0.0% | 0.0% | 29.4% | -106.9% -294.4% | -70.1% | 2.9% | -11.1% -137.8% | Weakening |
| ReturnsROIC | 32.1% | 2.7% | -2.7% | 26.8% | 207.1% +544.4% | -80.4% -3100.0% | -145.5% -5333.3% | 108.9% +306.7% | Weakening |
| Line item | FY18 | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | TTM |
|---|---|---|---|---|---|---|---|---|---|
| AssetsCash & Equivalents | $407.00M | $155.00M | $268.00M | $179.00M | $657.00M | $535.00M | $332.00M | $231.00M | $251.00M |
| Short-Term Investments | — | — | — | — | — | — | — | — | — |
| Total Current Assets | $756.00M | $608.00M | $708.00M | $1.53B | $1.28B | $1.56B | $1.07B | $1.15B | $1.06B |
| Net PP&E | $5.25B | $6.29B | $7.55B | $8.20B | $7.95B | $10.12B | $10.49B | $12.31B | $12.46B |
| Goodwill | — | — | — | — | — | — | — | — | — |
| Intangibles | $1.16B | $1.43B | $1.37B | $2.50B | $2.56B | $2.37B | $2.19B | $2.36B | — |
| Total Assets | $8.50B | $9.70B | $10.59B | $12.81B | $12.31B | $14.70B | $14.33B | $16.66B | $16.77B |
| LiabilitiesTotal Current Liabilities | $704.00M | $2.06B | $634.00M | $1.63B | $617.00M | $906.00M | $718.00M | $1.02B | $880.00M |
| Short-Term Debt | $535.00M | $1.82B | $384.00M | $772.00M | $97.00M | $1.11B | $125.00M | $431.00M | $570.00M |
| Long-Term Debt | $5.45B | $4.96B | $6.58B | $6.94B | $6.49B | $7.48B | $6.75B | $7.90B | $8.49B |
| Long-Term Leases | $0 | $227.00M | $345.00M | $561.00M | $548.00M | $627.00M | $569.00M | $796.00M | $829.00M |
| Total Liabilities | $6.28B | $7.44B | $7.88B | $9.51B | $8.28B | $9.71B | $8.77B | $10.74B | $11.18B |
| EquityCommon Stock & APIC | $1.00M | $1.00M | $1.00M | $1.00M | $1.00M | $1.00M | $1.00M | $1.00M | $1.00M |
| Retained Earnings | -$58.00M | -$72.00M | -$84.00M | -$33.00M | $463.00M | $361.00M | $254.00M | $213.00M | $111.00M |
| Total Equity | $2.22B | $2.26B | $2.71B | $3.30B | $4.03B | $4.99B | $5.56B | $5.81B | $5.47B |
| HighlightsNet Cash / (Debt) | -$5.58B | -$6.63B | -$6.70B | -$7.53B | -$5.93B | -$8.05B | -$6.54B | -$8.10B | -$8.81B |
| Line item | FY18 | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | TTM |
|---|---|---|---|---|---|---|---|---|---|
| ActivitiesCash from Operating | $498.00M | $477.00M | $545.00M | $701.00M | $787.00M | $702.00M | $770.00M | $688.00M | $1.02B |
| Cash from Investing | -$185.00M | -$468.00M | -$62.00M | -$865.00M | $1.06B | -$523.00M | -$725.00M | -$803.00M | -$1.06B |
| Cash from Financing | -$46.00M | -$175.00M | -$435.00M | $367.00M | -$1.51B | -$124.00M | -$363.00M | $200.00M | -$198.00M |
| SummaryCapital Expenditure | -$83.00M | -$228.00M | -$124.00M | -$151.00M | -$112.00M | -$212.00M | -$287.00M | -$319.00M | -$346.00M |
| Free Cash Flow | $415.00M | $249.00M | $421.00M | $550.00M | $675.00M | $490.00M | $483.00M | $369.00M | $671.00M |
| FCF Margin | 39.4% | 24.1% | 35.1% | 42.8% | 56.7% | 37.3% | 35.2% | 25.8% | 42.6% |