Avillion's auditor flags going concern uncertainty

PETALING JAYA: Avillion Bhd has announced that its external auditor has flagged uncertainty over the hotel operator's ability to continue as a going concern in its audited financial statements for the year ended March 31, 2025 (FY25).

In a filing with Bursa Malaysia, Avillion said auditor, Baker Tilly Monteiro Heng PLT, had highlighted that it had incurred a net loss of RM8.84mil and RM20.63mil in FY25 and recorded negative cash and cash equivalents of RM17.17mil and RM8.96mil respectively.

This it said indicated the existence of a material uncertainty which may cast significant doubt about the group’s and the company’s ability to continue as a going concern.

“Our opinion is not modified in respect of this matter,” said Baker Tilly.