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LONDON - Kitwave Group plc (AIM:KITW), a delivered wholesale business, announced Monday it will change its accounting reference date from October 31 to December 31, effective immediately.
The decision follows the company’s July 1 announcement and comes in response to shareholder feedback. According to the company, the change aims to create more balanced financial reporting between first and second half periods, as the group’s business activities and revenues are concentrated in the middle third of the calendar year.
As part of this transition, Kitwave outlined its revised reporting schedule, which includes publishing unaudited interim results for the 12-month period ending October 31, 2025, by January 31, 2026. The company will then release audited accounts for a 14-month period ending December 31, 2025, by June 30, 2026.
For subsequent periods, Kitwave will publish unaudited interim accounts for six-month periods ending June 30, followed by audited annual accounts for 12-month periods ending December 31.
Regarding dividends, the board plans to distribute a single dividend for the eight-month second half period ending December 31, 2025. This payment, combined with the previously announced interim dividend of 4.0 pence per share from July 1, will cover dividend distributions for the extended 14-month accounting period.
The information in this article is based on a press release statement from Kitwave Group plc.
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