Become a Member
  • Track your favourite stocks
  • Create & monitor portfolios
  • Daily portfolio value
Sign Up
Quickpicks
Add shares to your
quickpicks to
display them here!

Trading Update & Accounting Reference Date Change

30th Jun 2025 11:22

RNS Number : 9963O
CRUSHMETRIC Group Limited
30 June 2025
 

30 June 2025

 

CRUSHMETRIC GROUP LIMITED

("CRUSHMETRIC", "the Company" or "the Group")

 

Trading Update, Change of Accounting Reference Date & Financial Calendar Update

The Board of Directors of CRUSHMETRIC Group Limited (the "Company") announces that it has resolved to change the Company's accounting reference date ("ARD") from 31 December to 31 March, with immediate effect.

 

CEO Statement

Michael Ong, Chief Executive Officer, commented:"This change reflects the natural evolution of our business and ensures our financial reporting better aligns with our operational cycle. Moving to a 31 March year-end will provide a clearer picture of our full-year performance, improve comparability with peers, and create a more efficient planning process. While this adjustment extends the current reporting period, it positions us for stronger long-term financial clarity. Our subsidiaries will maintain their existing reporting schedule, as this remains optimal for their standalone operations. Currently, we're advancing high-impact growth initiatives - from global partnerships to flagship retail expansion - that positions us for sustained value creation."

 

TRADING UPDATE

The Company reports the following strategic progress:

1. MNC Partnerships

Active discussions with multinational corporations regarding:

Exclusive distribution agreements for core product lines.

Co-branding opportunities in key growth markets.

2. Flagship Retail Expansion

Active discussions with investors and specialized funds to launch:

Company-owned CRUSHMETRIC flagship stores in strategic global cities.

Experiential retail formats integrating digital and physical channels.

3. Product Innovation

Advanced development of next generation of the CRUSHMETRIC SwitchPens and Tumblers.

 

Note: These discussions are ongoing and may not result in binding agreements or materialise. The Company will provide further updates in due course.

 

CHANGE OF ACCOUNTING REFERENCE DATE & FINANCIAL CALENDAR UPDATE

 

Reasons for the Change

The adjustment better aligns the Group's financial reporting with its operational and trading cycles, ensuring that annual results more accurately reflect the business's performance. Additionally, this modification:

· Provides enhanced comparability with industry peers.

· Maintains efficiency in financial consolidation, despite the subsidiaries retaining their existing year-end due to operational reasons.

 

Financial Reporting Implications

· The next financial statements will cover a 15-month period (1 January 2024 - 31 March 2025).

· Subsequent reporting periods will revert to a standard 12-month basis, ending on 31 March each year.

· The subsidiaries' reporting timetable remains unchanged (31 December year-end), with appropriate consolidation adjustments reflected in Group accounts.

 

 

Updated Key Financial Deadlines

Reporting Period

New Deadline

15-month accounts (1 Jan 2024 - 31 Mar 2025)

30 Sep 2025

Unaudited interim accounts to 30 September 2025

31 December 2025

Annual accounts (1 Apr 2025 - 31 Mar 2026)

30 Sep 2026

 

Forward-Looking Statement

This announcement contains forward-looking statements subject to risks including but not limited to: partnership negotiations, funding availability, product development timelines, and market conditions. Actual outcomes may differ materially.

 

The Directors of the Company accept responsibility for the contents of this announcement.

 

For further information, please contact:-

 

CRUSHMETRIC Group Limited

ONG Ban Poh Michael - Chief Executive Officer

Lilian Lo - Acting Chief Financial Officer

 

 

 

 

Tel: +852 2110 4221

 

AQSE Growth Market Corporate Adviser

PETERHOUSE CAPITAL LIMITED

 

Tel: +44 (0) 20 7469 0930

 

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact [email protected] or visit www.rns.com.RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our Privacy Policy.
 
END
 
 
NEXFMMMTMTTJBMA

Related Shares:

FTSE 100 Latest
Value8,785.33
Change24.37