Recurring Rental Business ModelDaisan's core rental and ancillary-services model (installation, dismantling, maintenance) produces recurring, contract-driven revenue and long-standing customer ties in construction. This structural revenue base supports steadier utilization and cash flows across project cycles, improving predictability.
Improved Cash GenerationOperating and free cash flow turned positive after multi-year weakness, with very strong OCF in 2025 and still-positive flows in 2026. Stronger cash generation enhances capacity to fund maintenance, service debt and pay dividends, supporting financial flexibility over the medium term.
Reasonably Stable Balance SheetA consistent equity base and manageable leverage (debt-to-equity under ~0.6 historically) provide a durable capital cushion. This stability preserves borrowing capacity for fleet reinvestment and smooths financing through downturns, supporting long-term operational continuity.