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Jayride Group Ltd. ( (AU:JAY) ) has issued an announcement.
Jayride Group Limited has lodged its interim financial report for the quarter ended 30 September 2025, accompanied by an independent review from RSM Australia Partners, which found no issues with the report’s compliance or its true and fair view of the company’s financial position and performance. The auditor flagged a material uncertainty related to Jayride’s ability to continue as a going concern, noting dependence on additional funding, revenue growth and liability restructuring, but directors point to recent capital raisings, cost-cutting initiatives and a proposed SPV to manage historical obligations as grounds for confidence, with the quarter showing a significantly reduced comprehensive loss, lower operating costs and a strengthened liquidity position as the company continues working toward reinstatement to trading on the ASX.
More about Jayride Group Ltd.
Jayride Group Limited is an Australia-based company listed on the ASX that operates Jayride.com, an online platform focused on passenger ground transportation services, connecting travellers with airport and other transfer providers in global markets.
Technical Sentiment Signal: Sell
Current Market Cap: A$8.69M
See more insights into JAY stock on TipRanks’ Stock Analysis page.