Revenue

Increased from $3,397 million in Q1 2024 to $3,665 million in Q1 2025 (+7.9%)

Revenue growth was marked by increased customer engagement and possibly successful cross-selling efforts. The current period’s higher figures build on the moderate revenue base of Q1 2024 with continued market traction. " "

Gross Profit

Reached $1,709 million in Q1 2025

Gross profit improvement, as indicated by enhanced operating margins, reflects better cost management and improved revenue quality compared to previous results, underpinning operational enhancements from earlier strategies. " "

Operating Profit

Increased from $124 million in Q1 2024 to $223 million in Q1 2025 (approx. +80%)

The near-doubling of operating profit is driven by elevated revenue coupled with stricter cost controls and improved efficiency initiatives that built on prior period efforts, enabling a significantly enhanced profit base versus the previous year. " "

Net Income

Swung from a net loss of $(177) million in Q1 2024 to a net profit of $335 million in Q1 2025

The dramatic turnaround in net income is attributable to the combination of operational improvements, revenue growth, and effective expense management. This reversal from a loss to profit underscores the execution of remedial measures implemented in the previous period. " "

Operating Cash Flow

Declined by roughly 60% from $472 million in Q1 2024 to $188 million in Q1 2025

Operating cash flow suffered a significant drop, suggesting working capital and liquidity pressures; shifting dynamics in current assets and liabilities contrasted with the stronger cash conversion seen in Q1 2024, as noted in the reversal of certain cash flow items. "

Interest Expense

Fell from $112 million in Q1 2024 to $85 million in Q1 2025 (approx. -24%)

The interest expense decline is likely due to improved debt management strategies—potential refinancing or lower effective interest rates—that reduced borrowing costs compared to Q1 2024, thereby supporting overall profitability. " "