Red Flags Detected

• ⚠ Going Concern (new) — Management disclosed substantial doubt about ability to continue as going concern for first time, citing negative working capital and debt maturities.
• ⚠ Material Weakness (new) — Company identified material weakness in internal controls due to insufficient staffing; disclosure controls now deemed ineffective after being effective in 2024.
• ⚠ Asset Impairment (new) — Recorded $31M in impairments including $11.8M Zambia farm write-down following adverse court judgment and $13.4M carbon credit investment loss.