Softlogic Trading Suspension Deferred by SEC Until End-2025 š
⢠The Securities and Exchange Commission (SEC) has postponed the suspension of trading in Softlogic Holdings PLC shares until 31 December 2025. ⢠This ruling defers the scheduled suspension, which was initially due on 1 December, allowing the shares to continue trading on the Colombo Stock Exchange through next year. ⢠The regulatory action stems from independent auditors flagging going-concern issues in the company's reports for the FY ended March 2022 and March 2023. ⢠Financials (6 months to 30 Sept 2025): ⢠Consolidated Loss: Rs. 3.1 Billion, showing a 48% contraction from the Rs. 6 Billion loss reported a year ago. ⢠The group reported a Net Liability per share of Rs. 44.78 at end September 2025. ⢠Total Assets were Rs. 196.2 Billion, with Revenue Reserves at a negative Rs. 87 Billion. ⢠Total Interest-Bearing Borrowings stood at Rs. 57 Billion (Current portion: Rs. 15 Billion).