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Chill Brands Group PLC - London-based distributor of fast-moving consumer products such as tobacco alternatives and functional beverages for sale via convenience stores - Changes accounting reference date to September 30 from March 31, saying this better aligns its reporting cycle with its ‘current operational priorities’, while still complying with UK listing rules. The decision follows the recent completion of the audit for the financial year that ended in March 2024, which had been delayed by ‘the circumstances surrounding the significant corporate disruption that affected the company during 2024’, which including navigating a ban on disposable vapes. Those results, released in June, showed Chill Brands’ pretax loss narrowing to £3.3 million from £4.3 million in financial 2023. However, in its half-year results to September 30 last year, the first half of financial 2025, Chill Brands suffered a £2.5 million loss, widened from £1.6 million in the first half of financial 2024. Next up is an unaudited earnings report for the 12 months that ended March 31, which Chill Brands will release before the end of July, followed by audited earnings for the 18 months ending on September 30, which it must release by January 31 next year. The change in year-end will ‘provide Chill Brands with a clean break from the disrupted previous cycle, allowing management to concentrate on executing the company’s commercial plans’, it says. The company’s shares remain suspended from trading on the London Main Market. Following the recent publication of its financial 2024 and interim financial 2025 accounts, Chill Brands has asked the UK Financial Conduct Authority to allow them to resume trading. Copyright 2025 Alliance News Ltd. All Rights Reserved.
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