ProsperCap flags auditor disclaimers on going-concern for 32 overseas units

SGX Filings10-01

ProsperCap Corporation Limited said on Oct, 1 2025 that its independent auditor, KPMG Ireland, has issued disclaimers of opinion on the going-concern assumption for 32 of the group’s subsidiaries incorporated in the United Kingdom, the Cayman Islands and the Bailiwick of Jersey in their FY2024 financial statements dated Sep, 30 2025.

The auditor was unable to obtain sufficient evidence to confirm whether intermediate parent DTP Inter Holdings Corporation Pte. Ltd. can continue to provide financial support to the subsidiaries over the next 12 months, even after a GBP5 million equity injection in Sep, 2025.

Directors of the affected subsidiaries said cash-flow forecasts incorporate up to GBP18.9 million in funding from the parent company and a GBP22.4 million 18-month term credit facility signed on Sep, 25 2025, alongside planned capital-expenditure deferrals and cost controls. They therefore believe the entities remain going concerns.

The board of ProsperCap stated that the disclaimers are not expected to have a material impact on the group’s consolidated financial position for the year ending Dec, 31 2025 and do not affect the FY2024 results released on Apr, 15 2025.

The company advised shareholders and potential investors to exercise caution when dealing in its shares.

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