Advance Information to implement measures to ensure financial continuity

PETALING JAYA: Advance Information Marketing Bhd has been flagged for material uncertainty by its external auditor, Messrs SBY Partners PLT.

The business solution provider had recorded a net loss of RM21.79mil for its financial year ended June 30, 2025.

As of June 2025, its current and total liabilities exceeded its current and total assets by RM617,645 and RM40,481, respectively.

This resulted in a concern of whether the company can stay afloat.

“Our opinion is not modified in respect of this matter,” the external auditor had noted.

It had noted there was a “going concern” on the group, which means a company has enough to continue operating for the foreseeable future.

In a filing with the stock exchange, Advance Information responded to say it will be implementing measures to ensure its financial continuity, including conducting continuous reviews and rationalisation of operating expenses to improve cost efficiency and preserve liquidity.

“We will also evaluate and execute potential capital restructuring or reduction exercises aimed at improving capital efficiency and reducing accumulated losses,” it said.

In addition to that, Advance Information will also actively review existing investments and explore new opportunities that can generate income streams for them while leveraging on its subsidiaries to support the working capital requirements.

The group maintained that on a consolidated basis, it remains financially sound.

These steps are expected to be executed immediately, and the outcome of these proposals will be dynamic with no specific deadlines.

At market close, Advance Information closed at three sen with a market capitalisation of RM10.24mil.