Business
Update on the publication of financial results
Update on the publication of financial results.
About this update from Chill Brands Group Plc
[{"type":"text","content":"\n\n \n30 May 2025\nChill Brands Group plc\n(\"Chill Brands\" or the \"Company\")\n \nUpdate on the publication of financial results\nUpdate on distribution business\nChill Brands, the consumer packaged-goods distribution company, provides an update on the expected timing of completion of the Company's audited accounts for the year to 31 March 2024 (the \"FY24 Accounts\") and its unaudited interim accounts for the six-month period ended 30 September 2024 (the \"H1 FY25 Interim Accounts\"). The Company also provides an update on the development of its retail distribution business.\nUpdate on the publication of financial results\nFurther to the Company's announcements on 24 April 2025 and 23 May 2025, the Company has continued to progress towards the completion of its audit and the publication of the FY24 Accounts, along with the H1 FY25 Interim Accounts (together, the \"Financial Results\"). Based on discussions with its statutory auditors this week regarding the timing of their secondary reviews, the Company now expects to receive sign-off on its FY24 Accounts in June.\nPreparation of the Company's H1 FY25 Interim Accounts is at an advanced stage, and the Company expects to publish these interim accounts shortly following the publication of the FY24 Accounts. The Company will then lodge a request with the Financial Conduct Authority (FCA) seeking the lifting of the suspension of trading in its shares.\nUpdate on retail distribution activities\nChill Brands has established a wholly owned UK subsidiary, Chill Connect Limited, to house its growing distribution business. This initiative leverages the Company's established network of retail partners at all stages of the value chain, as well as the expertise of its field sales representatives in delivering in-store execution and driving sell-through with a wide range of activation strategies. It is the Company's intention to develop this subsidiary into a specialist distribution partner for a diverse selection of emerging and established products within the health, wellness and fast-moving consumer goods categories.\nSince its launch during Q4 of 2024, the Company's distribution business has secured contracts to provide retained services to numerous brands including one of the UK's leading vape e-liquid businesses, a rapidly expanding oral nicotine pouch challenger bran...