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Analyses on Nextcom (4)
- May 3, 2026
- March 23, 2026March 23, 2026
- Follow-up
Nextcom’s Cash Behind the Backlog: Working Capital, Guarantees, and Covenant Room After the Bond Expansion
Nextcom is not close to a liquidity crisis, but even after the Series C bond expansion its capital is still committed to execution support: customers released cash, yet inventory, receivables, guarantees, and pledged financial assets show that comfortable covenant room is not th…

- Follow-up
Nextcom and the CRA-Cressence-Fusion Exposure: How Much Value Really Reaches Shareholders
Nextcom's CRA-Cressence-Fusion exposure can look like a U.S. renewable-energy holding, but as of year-end 2025 it behaves more like a levered and diluted equity layer: the indirect shareholder claim is narrow, most early cash is meant to serve debt and shareholder loans first, a…

Nextcom in 2025: A NIS 903 Million Backlog, but the Test Is Conversion Into Margin and Cash
Nextcom already holds a very large backlog and a more meaningful energy engine, but the real 2026 test is no longer contract signing. It is whether that backlog converts into margin, cash, and clean shareholder economics.





























