IMP Powers Ltd Reports Q3 and Nine Months Financial Results for 2025, With Qualified Opinion from Independent Auditor

IMP Powers Ltd has reported its un-audited financial results for the third quarter and nine months ended on December 31, 2025. The company's financial results were reviewed by the Audit Committee and approved by the Board of Directors. However, the independent auditor has issued a qualified opinion due to several issues, including the need for confirmation and reconciliation of certain accounts, potential impairment of assets, and the valuation of inventory. The management has acknowledged these issues and is taking steps to address them. The company commenced manufacturing operations during the quarter, but adequate and reliable data for determining the cost of direct labour and manufacturing overheads were not available as of the reporting date.