Woodbois FY results delayed, production resumes in Gabon

(Sharecast News) - Timber trading firm Woodbois warned on Thursday that its FY numbers would not be finalised before the 30 June deadline as it cheered the resumption of timber production from its projects in Gabon.

Woodbois stated that due to disruptions faced in FY24, there had been "delays" in getting access to its accounts and as a result, preparatory work for its FY24 audit was now behind schedule.

The AIM-listed firm stated that it was now "working tirelessly" to get its new set of numbers completed "on an urgent basis".

In terms of its Gabonese sites, Woodbois said revenue for June 2025 was projected to increase based on current contracts, production levels, and both export and local sales activity.

Chairman Clive Roberts said: "After a challenging few years, I am delighted to report that the company is back in production and experiencing growing sales, both locally and internationally, with numbers increasing month-on-month.

"Delays in finalising accounts are frustrating, but we have an excellent team working on the audit, and we will update the market in due course."

As of 1300 BST, Woodbois shares had slumped 20% to 0.058p.

Reporting by Iain Gilbert at Sharecast.com