One of the players in the Nigerian aviation sector, Caverton Offshore Support Group Plc, has informed the investing public that it is unsure when it will file its audited financial statements for 2025.
Companies listed on the Nigerian Exchange (NGX) Limited are required to submit their audited financial results at most three months after the end of the fiscal year.
For Caverton, it was supposed to release the financial statements for 2025 on or before March 31, 2026; however, it has not done the needful.
In a statement to explain the delay in the filing of the results, the company said it has not completed the audit, and does not know when this process will be concluded by its external auditor.
“The delay in filing the 2025 AFS arises from the fact that the audit of the company’s financial statements is still ongoing. The company is working closely with its external auditors to conclude the audit process.
“However, as at the date of this notice, the audit has not been finalised due to the need to complete certain outstanding review procedures and obtain final audit clearances to ensure the accuracy, completeness, and integrity of the financial statements,” Caverton explained.
It further said, “While significant progress has been made, the audit process has not reached completion, and as such, the company is currently unable to confirm a definitive timeline for the finalisation and filing of the AFS.”
“The company considers it prudent not to provide an anticipated filing date at this time in order to avoid providing information that may subsequently require revision,” it further stated in the statement signed by its scribe, Ms Amaka Obiora.
Caverton assured “its shareholders and the market that it remains fully committed to maintaining the highest standards of financial reporting, transparency, and regulatory compliance,” promising to promptly file the results “upon completion of the audit process.”