ICFG Limited (ICFG): FY25 audit delay and suspension
This situation live
ICFG ICFG Limited
20 Apr 2026 · Audit delayed; suspension expected · −17% until the next step
The Company is working to publish its audited financial statements as soon as practicable and will provide a further update on timing in due course.
23 Apr 2026 · Audit delayed; H1 restatement flagged · +16% until the next step
will provide further details in its audited financial statements for the year ended 31 December 2025.
30 Apr 2026 · InvesCore audited; ICFG accounts still outstanding · +0% until the next step
announces the publication of the Audited Consolidated Financial Statements of InvesCore NBFI JSC ("InvesCore"), its 82.29% owned subsidiary listed on the Mongolian Stock Exchange, for the year ended 3
1 May 2026 · Suspended from 1 May 2026; accounts outstanding · +0% until the next step
A further announcement will be made in due course, including an update on the expected timeline for completion and publication of the audited accounts.
27 May 2026 · Subsidiary audits done; ICFG accounts due June · +0% until the next step
ICFG Limited expects to publish its audited results for the financial year ended 31 December 2025 in June 2026 and will update the market in due course.
25 Jun 2026 · Audited accounts published; suspension lift sought · +183% since
the Company will apply to the Financial Conduct Authority for the restoration of the listing and trading of its ordinary shares.
FY25 audit delay and suspension
Audited accounts published; suspension lift sought
Next: FCA decision on restoring listing and trading of shares
Every step · 6
- 20 Apr 2026 Audit delayed; suspension expected – The Company is working to publish its audited financial statements as soon as practicable and will provide a further update on timing in due course. ↗
- 23 Apr 2026 Audit delayed; H1 restatement flagged – will provide further details in its audited financial statements for the year ended 31 December 2025. ↗
- 30 Apr 2026 InvesCore audited; ICFG accounts still outstanding – announces the publication of the Audited Consolidated Financial Statements of InvesCore NBFI JSC ("InvesCore"), its 82.29% owned subsidiary listed on the... ↗
- 1 May 2026 Suspended from 1 May 2026; accounts outstanding – A further announcement will be made in due course, including an update on the expected timeline for completion and publication of the audited accounts. ↗
- 27 May 2026 Subsidiary audits done; ICFG accounts due June – ICFG Limited expects to publish its audited results for the financial year ended 31 December 2025 in June 2026 and will update the market in due course. ↗
- 25 Jun 2026 Audited accounts published; suspension lift sought – the Company will apply to the Financial Conduct Authority for the restoration of the listing and trading of its ordinary shares. ↗
What is happening
ICFG Limited: FY25 audit delay and suspension – Audited accounts published; suspension lift sought. ['Audited accounts published; suspension lift sought']
- In short
- The FY25 audit was delayed (announced 20 April 2026) and H1-2025 interims were corrected, cutting the reverse takeover expense from USD 154.9m to about USD 16.0m. InvesCore's audited accounts followed on 30 April, the shares were suspended on 1 May, and audited SIBJ results came on 27 May. On 25 June 2026 ICFG published its audited FY25 annual report and said it will apply to the FCA to restore listing and trading.
- Announced
- 20 Apr 2026 · Audit delayed; suspension expected
- Latest
- 25 Jun 2026 · Audited accounts published; suspension lift sought
- Earlier restatement
- H1-2025 reverse takeover expense cut from USD 154.9m to about USD 16.0m
- Reason
- Delay in completing and publishing audited accounts for year ended 31 December 2025
- Auditor
- Ernst & Young
- Restatement
- H1-2025 reverse takeover expense cut from USD 154.9m to about USD 16.0m
- SIBJ audit
- Audited FY25 SIBJ results announced 27 May 2026; profit MNT 95.8 billion, +12%
- InvesCore audit
- InvesCore FY25 audited accounts published 30 April 2026; profit MNT 101 billion, +21%
- Annual report
- Audited FY25 annual report published 25 June 2026, in line with the expected June timing
- Next milestone
- FCA restoration of listing and trading; no date stated
What comes next
FCA decision on restoring listing and trading of shares.
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