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LONDON - CRUSHMETRIC Group Limited announced Monday it has changed its accounting reference date from December 31 to March 31, effective immediately, according to a company press release.
The change means CRUSHMETRIC’s next financial statements will cover a 15-month period from January 1, 2024, to March 31, 2025, with subsequent reporting periods reverting to a standard 12-month cycle ending March 31 annually.
The company stated the adjustment better aligns its financial reporting with operational and trading cycles, while providing enhanced comparability with industry peers. CRUSHMETRIC’s subsidiaries will maintain their existing December 31 year-end reporting schedule.
"This change reflects the natural evolution of our business and ensures our financial reporting better aligns with our operational cycle," said Michael Ong, Chief Executive Officer, in the statement.
The company also provided a trading update, noting it is in active discussions with multinational corporations regarding exclusive distribution agreements and co-branding opportunities. CRUSHMETRIC reported it is exploring flagship retail expansion through discussions with investors and specialized funds, and is developing next-generation versions of its SwitchPens and Tumblers products.
The company cautioned that these discussions are ongoing and may not result in binding agreements.
Under the revised financial calendar, CRUSHMETRIC will report its 15-month accounts by September 30, 2025, unaudited interim accounts to September 30, 2025, by December 31, 2025, and annual accounts for the period April 1, 2025, to March 31, 2026, by September 30, 2026.
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