Above Food to Delay Form 20-F as Receivership Slows Fiscal 2025 Audit
Above Food reports its fiscal year January 31, 2025 consolidated financial statement audit remains ongoing due to certain subsidiaries being placed into receivership, delaying its Annual Report on Form 20-F filing. The company expects to file the form as soon as practicable after the independent auditor’s report is issued.
1. Audit Delay and Filing Update
Above Food’s consolidated financial statements for the fiscal year ended January 31, 2025 remain under audit, preventing the timely filing of its Annual Report on Form 20-F. Management and the Audit Committee continue to support the independent auditor as key procedures remain in progress.
2. Receivership Impact
The audit delay stems partly from certain subsidiaries being placed into receivership outside Above Food’s control, complicating the collection and consolidation of financial data required for audit completion.
3. Outlook and Next Steps
Above Food expects to submit its Form 20-F as soon as practicable after issuance of the auditor’s report and will provide further updates when audit procedures conclude.