Business
Update on Timing of FY25 Audited Results
Tortilla Mexican Grill plc announced a temporary suspension of trading in its shares on AIM from July 1, 2026, due to a delay in publishing its audited FY25 Annual Accounts, originally due by June 30, 2026. This delay stems from ongoing comprehensive reviews of its French operations and associated accounting adjustments, which previously indicated a reduction in Group FY25 Adjusted EBITDA by up to £2.5 million, to approximately £1.5 million. The company expects the final results to be broadly in line with the May announcement guidance, subject to audit completion, and is working to publish the accounts and lift the suspension as soon as possible. Disclaimer*
About this update from Tortilla Mexican Grill Ltd.
Tortilla Mexican Grill plc ("Tortilla", the "Group" or the "Company") Update on Timing of FY25 Audited Results and Temporary Suspension of Trading 29 June 2026 Further to its announcement of 19 May 2026 regarding the accounting adjustments identified in its French business (the "May Announcement"), Tortilla Mexican Grill plc (AIM: MEX) provides an update on the timing of publication of its audited annual report and accounts for the 52 weeks ended 28 December 2025 (the "FY25 Annual Accounts"). French review and reporting timetable The May Announcement identified accounting adjustments in the Company's French business relating to the classification of certain operating costs, reducing expected Group FY25 Adjusted EBITDA1 (pre-IFRS 16) by up to £2.5 million, to around £1.5 million. Since then, the Board, working with the Company's auditors, has been undertaking a comprehensive review of the French operations to ensure that the matters identified are fully understood, accurately reflected in the audited accounts, and resolved on a lasting basis. The Board considers it in shareholders' best interests to take the additional time required to complete this review within the year-end audit, rather than meet the original timetable, reflecting its commitment to strengthened financial controls and disciplined reporting, and to ensuring the issues identified in France do not recur. Therefore, the Board has concluded that it will not be in a position to publish its FY25 Annual Accounts by 30 June 2026. Companies House extension and AIM Rule 19 Companies House has approved an extension to the statutory deadline of 30 June 2026 for filing the FY25 Annual Accounts. Pursuant to AIM Rule 19, the Company is required to publish its annual audited accounts not later than six months after the end of the financial year. As this deadline will not be met, trading in the Company's ordinary shares on AIM will be temporarily suspended from 7:30 a.m. on 1 July 2026, pending publication of the FY25 Annual Accounts. The Company will continue to comply with its obligations under the AIM Rules, including the release of any further announcements as required, while the temporary suspension is in place. Expected timing and guidance The Company will publish the FY25 Annual Accounts as soon as possible once the audit has been completed and regards...
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