Caverton delays 2025 financial report filing on incomplete audit

Caverton Offshore Support Group Plc has announced a delay in the filing of its Audited Financial Statements (AFS) for the year ended December 31, 2025, missing the regulatory deadline of March 31, 2026 as required by the Nigerian Exchange Limited (NGX).

In a disclosure to shareholders, investors, and the public, the company said the delay was due to the fact that the audit process for the 2025 financial year is still ongoing and has not yet been concluded.

According to the company, it is working closely with its external auditors to finalise the audit, noting that additional review procedures and final audit clearances are still required to ensure the accuracy, completeness, and integrity of the financial statements.

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While acknowledging significant progress, the company stated that the audit has not reached completion and therefore it is unable to provide a definite timeline for filing the accounts. It added that it is avoiding giving an estimated date that may later require revision.

The company reaffirmed its commitment to high standards of financial reporting, transparency, and regulatory compliance, assuring stakeholders that the 2025 audited results will be submitted immediately after completion of the audit process.

It added that it regrets any inconvenience caused by the delay and appreciates the continued patience and support of shareholders and stakeholders.