KUALA LUMPUR: Pestec Inernational Bhd has issued its annual report and audited financial statements for the period ended March 31, 2025, to Bursa Malaysia, attributing the delay to the time taken to complete an 18-month financial period audit.
Pestec had failed to release the documents to the stock exchange by July 31, 2025, which was a period not exceeding four months from the close of the financial period under review.
In a July 30, 2025, filing, the company had said the new management team needed more time to "assess the adequacy of information and documents" to finalise the financial statements.
Subsequent to their issue and release to Bursa Malaysia, the documents are now available on both the company's and Bursa Malaysia's websites.
According to Pestec, the exernal auditors have issued a clean and unmodified opinion.
"Our company remains operationally sound with a solid foundation to support its ongoing
transformation," it said in a statement.
"On way forward, we will re-position the group as a leaner, stronger, and more focused
organisation.
"New management is in place to enhance corporate governance, operational
efficiency, effective project execution and management of project and operational costs with an aim to quickly be returning to profitability by strategising future growth based on our core strengths as solutions providers in Engineering, Procurement, Construction & Commissioning (EPCC) and Operations & Maintenance (O&M), while laying the groundwork for participation in the energy sector."
