Vantris Energy receives clean audit opinion

Vantris Energy Berhad and its subsidiaries announced that its external auditors, Messrs Ernst & Young PLT (, have issued an unqualified audit opinion with no material uncertainty related to going concern highlighted in the auditors’ report on the Group’s audited financial statements for the financial year ended 31 January 2026 . The audited financial statements were published in the Company’s Annual Report on 29 May 2026. This marks the first time in four years that the Group has received a Clean Audit Opinion.
The audit outcome represents an important milestone in the Company’s financial turnaround and regularisation efforts, and supports the Company’s strategy to exit Practice Note 17 (“PN17”) classification and return Vantris Energy to normal regulatory standing with Bursa Malaysia.
During the year, upon the approval of the Regularisation Plan by our financiers, shareholders and regulators, the Group reduced its total borrowings from approximately RM10.8 billion to RM5.5 billion and the balance sheet was restored to a positive net asset position of approximately RM3.0 billion. Due to injection of new funds from Malaysia Development Holding Sdn Bhd, the Group paid approximately RM1.1 billion to over 1,400 Malaysian ecosystem vendors.
Vantris Energy Group Chief Executive Officer Muhammad Zamri Jusoh said, “The Clean Audit Opinion reflects the substantial progress made in stabilising the Group following a prolonged period of financial uncertainty. The completion of our financial restructuring, significant reduction in borrowings and restoration of positive equity have placed Vantris Energy on a stronger financial footing. This is an important step towards exiting PN17 and returning the Company to normal regulatory standing.”
In its FY2026 Annual Report, Vantris Energy noted that the restructuring had established a clearer path to recovery, while sustained progress would depend on how effectively the Group translates this stronger financial position into operational performance. The Group remains focused on execution control, liquidity management, asset optimisation, selective project participation and stronger governance oversight.
Commenting on the audit outcome, Vantris Energy Group Chief Financial Officer Ganesh Gunaratnam said, “This audit outcome validates the progress made in restoring Vantris Energy’s financial position. The restructuring has reduced our financing burden, restored positive equity and strengthened the Group’s capital structure. Our focus now is to preserve financial discipline, improve cash flow resilience and ensure that the Group’s recovery is supported by sustainable, operations-driven performance.”
Vantris Energy remains focused on sustaining its improved financial performance, executing its strategic business plan, and delivering value to all stakeholders. The Company will continue to provide updates on its progress towards PN17 exit and other material developments in accordance with regulatory requirements.
Related News.
November 6, 2026
India joins ISF Verify, bringing trusted digital certification within reach of 30 per cent of the global seafarer workforce
Agreement with the world’s second-largest seafarer supply country marks a major milestone for global digital certification. The Directorate General…
November 6, 2026
OpenGate Capital to acquire Maersk Training, the Global Safety Training and Gas-Safety Services Business of Maersk
OpenGate Capital, a global private equity firm, announced today that it has signed a definitive agreement to acquire Maersk Training and its…
November 6, 2026
Can AI Save the Planet? Planet Classroom examines AI’s Climate Impact, Energy Demands and Clean Energy Solutions
C. M. (Cathy) Rubin and The Nest Campus CEO Peter Gilmer explore AI's growing environmental footprint, billions in climate investment, and the…
November 6, 2026
Smart Port Market Size to be valued at USD 23.10 Billion by 2034; Increasing Volume of International Maritime Trade to Boost Market Development: Fortune Business Insights™
The global smart port market size was valued at USD 3.4 billion in 2025 and is expected to be worth USD 4.2 billion in 2026. The market is projected…
November 6, 2026
Closer cooperation with India can strengthen Danish shipping
Minister of Business and Competitiveness Martin Lidegaard is leading a Danish business delegation to India. Green shipping is among the…
November 6, 2026
IRClass Academy and PIP Makassar strengthen Executive Maritime Capability through IMPDP 2026
Indian Register of Shipping , through its professional training and development arm IRClass Academy, has further strengthened its engagement in…
November 6, 2026
MOL, Sharp, IOM Implement Solar Panel Donation Project
Move Will Enhance Living Conditions in Power-short Areas of Kenya Mitsui O.S.K. Lines, announced the donation of solar power panels to communities in…
November 6, 2026
Intermodal Report Week 44 2026
Pls find below the Intermodal Report - Week 44 2026 Intermodal Report Week 44 2026
November 6, 2026
Allied Weekly Market Review Week 44
Pls find below the Allied - Weekly Market Review - Week 44 ALLIED - Weekly Market Report- Week 44
November 6, 2026
Nor-Shipping partners with Marketing in Maritime to deliver Marketing & Communications day and awards in 2027
Nor-Shipping is partnering with Marketing in Maritime to deliver a dedicated Marketing & Communications Day and awards initiative at the 2027…
Subscribe to our newsletter!
if you dont want to swim alone in the ocean of news, sign up for the newsletter, and you will receive daily all the important news of world shipping!
Design & Development by P.KAN.DESIGNER
© 2026 Cyprus Shipping News. All rights reserved
Design & Development by P.KAN.DESIGNER
© 2026 Cyprus Shipping News. All rights reserved























