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Reuters Published
December 6, 2025
Steinhoff International Holdings , now expects to publish its group audited financial statements for 2025 and 2025 by mid-April 2025, as a forensic investigation by auditors PricewaterhouseCoopers (PwC) has been delayed, the retailer said on Thursday.
The probe by PwC into the company's affairs is now expected to be completed by the end of February 2025, and the final investigation report will be available to the company shortly thereafter, Steinhoff said.
Steinhoff, which has more than 40 retail brands that include France's Conforama and British chain Poundland, is trying to emerge from a crisis after admitting "accounting irregularities" in December, wiping about 85 percent off its market value and triggering a liquidity crisis.
This prompted the company to drop a Jan. 31, 2025 deadline for publishing its audited 2025 consolidated financial statements.
"Unfortunately, despite significant efforts being exerted by all parties, it is now clear that the timeline for completing the group consolidated financial reporting and audit process has shifted and it will not be possible for all the work required to be finalised within the original timeframe," the company said in a statement.
The 2025 and 2025 financial statements of the company's wholly owned subsidiary, Steinhoff Investment Holdings Ltd, will be released shortly after the group's results.
The retailer said once the forensic report findings and the final accounting treatments are resolved by the group, the statutory auditors need to complete the outstanding audit processes for all of the years involved in the build-up to these financial statements.