Quarterly Result23 Jan 2026, 01:22 pm
Next Mediaworks Ltd Reports Q3 and Nine Months Unaudited Financial Results for 2025, Assesses Company as No Longer a Going Concern
AI Summary
Next Mediaworks Ltd has released its unaudited financial results for the quarter and nine months ended on December 31, 2025. The company's Board of Directors approved the UFRs and acknowledged the limited review report submitted by S.R. Batliboi & Associates LLP, the statutory auditors. However, the management has assessed that the company is no longer a going concern due to significant accumulated losses, eroded net worth, and uncertain ability to settle inter-corporate borrowing. The financial results have been prepared accordingly, considering the prevailing circumstances.
Key Highlights
- Next Mediaworks Ltd announced its unaudited financial results for Q3 and nine months ended on December 31, 2025.
- The company's Board of Directors approved the UFRs and acknowledged the limited review report submitted by the statutory auditors.
- The management assessed that the company is no longer a going concern due to significant accumulated losses and eroded net worth.
- The financial results have been prepared considering the prevailing circumstances, without assuming the company as a going concern.
- The company is required to settle inter-corporate borrowing which is contractually due for repayment in August 2027, but its ability to do so is uncertain.
Price Impact
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