InvestSMART

AVADA Group Limited (ASX:AVD)

ALERT: Price-sensitive ASX Announcement for AVD
Current share price for AVD : $0.095 -0.075 (-44.12%)+
Announcement
Release
30 Sep 2025 5:46PM
Price at Release
$0.170
Full Release
download
Summary
AVADA Group Limited announced corrections to its FY25 financial results, involving a $2.038 million increase in income tax benefit, reclassification of some borrowings to current liabilities, and adjustments between cash generating units due to ERP software implementation. These changes, which are non-cash in nature, reduced the year’s loss after tax by $2.04 million. The corrections do not impact operating revenue or cash flow and leave the company in a strong financial position.
Key Points
  • Material adjustments were made to the financial statements for the year ending June 30, 2025.
  • Income tax benefit increased by $2.038 million, reducing the loss after tax by $2.04 million to $15.78 million.
  • Reclassification of certain borrowings from non-current to current liabilities resulted in a reduction of net current assets by $1.125 million.
  • Adjustments were made between cash generating units due to ERP software implementation.
  • These changes do not affect the company's operating revenue or cash flow.
  • The adjustments are non-cash in nature and the company maintains a strong financial position.
IMPORTANT NOTE: This information is autogenerated and has not been reviewed for accuracy or completeness. You should refer to the full announcement here for further information.