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Janus Electric Revises Financial Results Following Audit Adjustments

Story Highlights
  • Janus Electric specializes in heavy vehicle electrification, offering zero-emissions solutions.
  • The company revised its financial results, impacting net assets and reflecting accurate reporting.
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Janus Electric Revises Financial Results Following Audit Adjustments

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ReNu Energy Limited ( (AU:JNS) ) has issued an announcement.

Janus Electric Holdings Limited has announced amendments to its financial results for the year ended 30 June 2025, following an audit that identified errors in previously reported figures. Adjustments include a restatement of R&D expenses due to an incorrect invoice recording, impacting net assets by $875,750, and a reduction in the fair value of its Vaulta investment by $496,766. These changes reflect a more accurate financial position, with final net assets reported at $5,728,765. The announcement highlights the company’s ongoing efforts to refine its financial reporting and maintain transparency with stakeholders.

More about ReNu Energy Limited

Janus Electric is an Australian company specializing in the electrification of heavy vehicles, offering services such as truck conversion, battery and energy as a service, and fleet management software. The company focuses on providing zero-emissions solutions for the freight and logistics sector, with operations spanning across several Australian states, supported by a production facility on the Central Coast.

Average Trading Volume: 407,967

Technical Sentiment Signal: Sell

Current Market Cap: A$19.89M

Find detailed analytics on JNS stock on TipRanks’ Stock Analysis page.

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