The Nigerian Exchange Group (NGX) has given Presco Plc the green light to extend the deadline for filing its Audited Financial Statements (AFS) for the year ended December 31, 2025, news.ng reports.
This was disclosed in a statement issued on Wednesday by Frederick Ichekwai, the Company Secretary.
“Presco Plc (the “Company”) hereby notifies its shareholders, the investing public, and other stakeholders that it has received the approval of Nigerian Exchange Limited (NGX), granting the Company an extension of time to file its Audited Financial Statements for the financial year ended 31 December 2025,” Ichekwai stated.
The company noted that with this approval, the filing deadline has been shifted from March 31, 2026, to April 30, 2026.
“The approval extends the filing deadline from 31 March 2026 to 30 April 2026. The extension became necessary due to: The appointment of new external auditors undertaking their first full-year audit of the Company; and the integration and consolidation of recently completed acquisitions into the Company’s financial records,” he explained.
It is pertinent to note that the approval allows Presco to harmonise its newly acquired businesses with its external auditors.
In view of the newly acquired businesses and the appointment of new auditing firms, the company will require additional time to undertake reviews, including familiarisation with internal control units, accounting policies, and other key factors that need to be considered.
“The Board and Management consider it imperative that the audited financial statements reflect a true and fair view of the Company’s financial position and fully comply with all applicable regulatory and accounting requirements. The Company will take steps to ensure the filing of the audited financial statements on or before 30 April 2026,” Ichekwai added.
Additionally, the extension granted to the company to make the necessary adjustments reinforces investors’ confidence in its operations.
“The Company remains committed to maintaining the highest standards of corporate governance, transparency, and timely disclosure and will publish the audited results immediately upon completion,” the Company Secretary stated.
