ASX:PENOil and Gas
Do Auditor Concerns Over Peninsula Energy's (ASX:PEN) Sustainability Shift Its Strategic Outlook?
Peninsula Energy Limited recently reported its full-year results for the period ended June 30, 2025, posting a net loss of US$12.5 million, slightly higher than the previous year's loss, alongside lower basic and diluted losses per share.
The company's auditor, BDO Audit (WA) Pty Ltd, expressed doubt about Peninsula Energy's ability to continue as a going concern, highlighting financial sustainability as a key concern for investors.
With the auditor's going concern doubts in focus, we'll...