JAMAICAN educational technology company EduFocal Limited (LEARN) has notified the Jamaica Stock Exchange (JSE) of a change in its external auditor and confirmed a significant delay in the submission of its audited financial statements for the year ended December 31, 2024.

In a letter to the JSE dated October 21, the company announced that Baker Tilly Strachan Lafayette, which had served as its auditor since 2021, voluntarily withdrew its services effective September 23, 2025. No reason was given for the action.

The board of directors moved swiftly to fill the vacancy, appointing Garcia Campbell & Associates as the new auditor on the same day, citing Article 189 of the company’s recently adopted Articles of Incorporation.

EduFocal expressed “sincere appreciation” for Baker Tilly’s services and stated that the resignation was “not related to any disagreement or professional concerns” regarding accounting principles, financial statement disclosures, or audit procedures.

Simultaneously, the company issued an advisory acknowledging that its audited financial Sstatements for the fiscal year 2024 remain outstanding. The original filing deadline was March 1, 2025.

In the statement, EduFocal expressed “sincere regret for the prolonged delay” and acknowledged the importance of timely disclosure as mandated by the JSE’s Junior Market Rules.

To resolve the delay, the company has formally requested an extension to file the audited financial statements by October 30, 2025. This revised timeline, the company stated, is intended to provide sufficient time to finalize all matters necessary for the completion of the audit with its new auditor.

Following the submission of the financial statements, the company’s annual report will be filed within the subsequent 30 days, in accordance with JSE requirements.

EduFocal reiterated its “steadfast commitment to integrity, prudent governance, and full observance of the Exchange’s continuing listing requirements,” and assured that it is “taking all necessary steps to ensure timely compliance within the revised time frame”.

The notification was signed by Chairman Harry Campbell and copied to CEO Gordon Swaby.