Transcom - comment

Although revenue came in slightly below expectations, Transcom delivered a modest outperformance at the EBITDA level, driven primarily by lower administrative expenses. Cash generation also exceeded expectations marginally, resulting in a slight reduction in leverage to 4.1x.

Overall, performance remains broadly in line with prior periods, leaving the Company approaching its upcoming bond maturities without any material improvement in financial metrics to support a refinancing. The Company has reiterated that management continues to engage with shareholders and actively explore financing solutions, though no further update can be provided at this stage.