MobilityOne (LSE:MBO) said it expects to publish its delayed audited annual report for 2025 in September as audit work relating to its 49%-owned associate Sincere Acres and its subsidiary Hati continues.

The company expects to report unaudited revenue of approximately £236.1 million for 2025 and a post-tax loss of around £4.88 million.

The anticipated loss includes an impairment of approximately £1.9 million relating to MobilityOne’s investment in Sincere Acres.

Cash falls as secured borrowings increase

MobilityOne expects to report cash of £3.43 million for 2025, while secured borrowings increased to £7.38 million.

The company said the delay in completing its annual report resulted from extended work by Malaysian component auditors concerning Sincere Acres and Hati.

MobilityOne’s AIM-listed shares remain suspended from trading pending publication of the audited accounts.

Sincere payment deadline extended again

MobilityOne also reported a further extension to the deadline for payment of the RM28 million second tranche relating to Sincere, together with accrued interest.

The vendor has agreed that payment will now be due by the earlier of late October or shortly after Nasdaq approval of a merger involving MobilityOne’s joint-venture partner Super Apps.

Under the revised arrangements, MobilityOne’s Malaysian subsidiary will pay additional accrued interest of RM470,502 in two instalments. It will also pay RM1.4 million of previously accrued interest by 31 October.

The annual interest rate applied to outstanding amounts remains unchanged at 10%.

MobilityOne provides payment infrastructure services

MobilityOne Limited is a Malaysian e-commerce infrastructure and payment solutions provider offering mobile prepaid reload and bill payment services.

The group connects with banks, telecommunications companies, utilities, government agencies and transport operators. Its services include mobile wallets, internet and terminal-based payments, remittances, lending and customised financial technology systems delivered through channels including e-commerce platforms, ATMs, kiosks and banking systems.