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Fintech Asia Limited ( (GB:ICFG) ) has shared an update.
ICFG Limited has restated the accounting treatment of its reverse takeover of ICFG Pte Ltd, reducing the previously reported share-based payment expense for the first half of 2025 from USD 154.9 million to about USD 16.0 million. The company said the non-cash adjustment, arising from applying IFRS 2 instead of IFRS 3, alters equity and cash flow presentation but does not change underlying performance or cash.
The group also corrected an earlier statement that it was fully compliant with lender covenants as of 30 June 2025, acknowledging that certain financial covenants had been breached before that date. ICFG obtained waivers in August 2025 that prevented any defaults or accelerated payments, and it is continuing discussions with lenders over ongoing covenant compliance, an issue closely watched by investors and creditors.
More about Fintech Asia Limited
ICFG Limited is an international financial services group listed in London under the ticker ICFG. The company operates in global capital markets, providing financial products and services to institutional and corporate clients, and is financed in part through facilities subject to financial covenants with multiple lenders.
Average Trading Volume: 55,123
Technical Sentiment Signal: Sell
Current Market Cap: £28.55M
Find detailed analytics on ICFG stock on TipRanks’ Stock Analysis page.