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Review pending. Every figure has been located on its cited source page in an AI-assisted source verification (matched to the document's text) (9 October 2026). Independent review has not yet been carried out, and these pages are not indexed.AI-assisted source check done; independent review pending; not indexed. About the review

Automatic Systems

No ticker printed · Stock Exchange of Mauritius · Consolidated statements

On this page
Company details
Legal name
Automatic Systems Ltd
Listing
No ticker printed on the Stock Exchange of Mauritius, active (observed 2026-10-08)
Sector
Not classified (our classification from the stated principal activity)
Financial year ends
31 December

Overview

Year ended 31 December 2025 · annual report, signed / final · source

  • Revenue

    MUR 151 million

    150,595 MUR thousands · p29

    +9.4% vs 2024

  • Operating profit / (loss)

    −MUR 24.8 million

    (24,837) MUR thousands · p29

    Change not shown.

  • Profit / (loss) for the year

    −MUR 24.1 million

    (24,124) MUR thousands · p29

    Change not shown.

  • Total assets

    MUR 132 million

    131,746 MUR thousands · p29

    −12.0% vs 2024

  • Total equity

    MUR 9.96 million

    9,964 MUR thousands · p29

    −75.3% vs 2024

  • Cash from operations

    MUR 27.8 million

    27,754 MUR thousands · p31

    +86.7% vs 2024

Large amounts are rounded for reading (MUR million / billion / trillion); exact figures as printed are under each amount and in the tables. No currency conversion.

Not shown: the prior-year figure is zero or negative.

Financial statements

Exact figures as printed. Each column comes from one filing; labels are as printed in the newest filing. Amounts in MUR thousands unless the row says otherwise; brackets are negative.

† from a supplementary filing for the same year · ‡ signed audited statements preferred over a disputed figure · “–” is a printed dash, explained below the table

Column sources

  • FY2025 — annual report, signed / final; reported for the year · source
  • FY2024 — annual report, signed / final; comparative in the FY2025 filing · source

Income statement

Income statement, MUR thousands. Columns: FY2025 — annual report (signed / final), as reported for the year; FY2024 — annual report (signed / final), comparative reported in the annual report for 2025.
Line (as printed) FY2025Annual reportreported for the yearFY2024Annual reportcomparative in FY2025 filing
Revenue 150,595 137,699
Other income 1,366 1,723
Selling expenses1 (18,594) (15,184)
Operating expenses2 (121,502) (105,607)
Impairment losses3 (17,098) (13,316)
Allowance on trade receivables (1,237) (1,283)
Payments to Horse Racing Organisers4 (18,367) (9,735)
Operating loss (24,837) (5,703)
Finance income 1,196 991
Finance costs (2,264) (3,056)
Loss before tax (25,905) (7,768)
Tax income/(expense) 1,781 (5,065)
Loss for the year attributable to owners of the Company (24,124) (12,833)
Changes in the fair value of equity instruments measured at FVTOCI5 119 100
Re-measurements of post-employment benefit obligations6 953 2,767
Deferred tax charge relating to re-measurements of post employment benefits7 (181) (526)
Re-measurements of post-employment benefit obligations – net of tax8 772 2,241
Total other comprehensive (loss)/income for the year 891 2,341
Total comprehensive loss for the year attributable to owners of the Company (23,233) (10,492)
Notes and alternative reported figures (8)
  1. “Selling expenses”: mapping to a shared definition is uncertain. Printed 'Selling expenses'.
  2. “Operating expenses”: mapping to a shared definition is uncertain. Printed 'Operating expenses'; selling expenses, impairment, receivable allowance and payments to horse racing organisers are printed as separate lines.
  3. “Impairment losses” is an issuer-specific line, not mapped to a shared definition: Notes 17 and 18: impairment of goodwill (Group) and of the investment in the subsidiary (Company).
  4. “Payments to Horse Racing Organisers” is an issuer-specific line, not mapped to a shared definition: Operating expense line above operating loss.
  5. “Changes in the fair value of equity instruments measured at FVTOCI” is an issuer-specific line, not mapped to a shared definition: Other comprehensive income, note 19.
  6. “Re-measurements of post-employment benefit obligations” is an issuer-specific line, not mapped to a shared definition: Other comprehensive income, note 27 (before tax).
  7. “Deferred tax charge relating to re-measurements of post employment benefits” is an issuer-specific line, not mapped to a shared definition: Other comprehensive income, note 28.
  8. “Re-measurements of post-employment benefit obligations – net of tax” is an issuer-specific line, not mapped to a shared definition: Subtotal of OCI re-measurement lines.

Balance sheet

Balance sheet, MUR thousands. Columns: FY2025 — annual report (signed / final), as reported for the year; FY2024 — annual report (signed / final), comparative reported in the annual report for 2025.
Line (as printed) FY2025Annual reportreported for the yearFY2024Annual reportcomparative in FY2025 filing
Property and equipment 24,819 24,275
Right-of-use assets 8,149 10,523
Intangible asset 740 1,179
Goodwill1 –2 17,098
Investment in subsidiary3 –2 –2
Financial assets at fair value through other comprehensive income4 2,205 2,086
Deferred tax assets 6,526 2,577
Total non-current assets 42,439 57,738
Inventories 578 505
Trade and other receivables 34,527 41,915
Cash and bank balances 11,446 12,050
Restricted cash5 42,756 37,465
Total current assets 89,307 91,935
Total assets 131,746 149,673
Share capital 24,745 24,745
Share premium 1,168 1,168
Post-employment benefits reserve6 953 181
Fair value reserve (6,744) (6,863)
(Accumulated losses)/retained earnings (10,158) 21,036
Total equity 9,964 40,267
Post-employment benefits 4,813 5,318
Lease liabilities 5,303 7,859
Total non-current liabilities 10,116 13,177
Trade and other payables 53,496 35,319
Provision 42,756 37,465
Bank overdrafts 2,275 19,830
Lease liabilities 3,720 3,449
Dividend payable 7,070 –7
Income tax liability 2,349 166
Total current liabilities 111,666 96,229
Total liabilities 121,782 109,406
Total equity and liabilities 131,746 149,673
  1. Printed “-”, read as nil: subtotal_arithmetic: bs.non_current_assets.
  2. Printed “-”, read as nil: subtotal_arithmetic: bs.current_liabilities.
Notes and alternative reported figures (5)
  1. “Goodwill” is an issuer-specific line, not mapped to a shared definition: Note 17: nil at 31 December 2025 (fully impaired).
  2. “Investment in subsidiary” is an issuer-specific line, not mapped to a shared definition: Note 18: dashes in the Group columns.
  3. “Financial assets at fair value through other comprehensive income”: mapping to a shared definition is uncertain. Non-current equity instruments at FVTOCI (note 19).
  4. “Restricted cash” is an issuer-specific line, not mapped to a shared definition: Note 25.
  5. “Post-employment benefits reserve” is an issuer-specific line, not mapped to a shared definition: Equity reserve.

Cash flow

Cash flow, MUR thousands. Columns: FY2025 — annual report (signed / final), as reported for the year; FY2024 — annual report (signed / final), comparative reported in the annual report for 2025.
Line (as printed) FY2025Annual reportreported for the yearFY2024Annual reportcomparative in FY2025 filing
Loss before tax1 (25,905) (7,768)
Depreciation of property, plant and equipment2 5,853 6,461
Depreciation of right of use assets3 3,801 3,663
Amortization of intangible assets4 439 696
Gains on disposal of plant and equipment5 –6 (1,200)
Impairment losses7 17,098 13,316
Dividend income8 –6 131
Interest income9 (1,196) (991)
Interest expense10 2,264 3,056
Net post-employment benefit charge11 448 523
Operating profit before working capital changes12 2,802 17,887
(Increase)/decrease in inventories13 (73) 37
Decrease in trade and other receivables14 7,388 6,448
Increase in restricted cash15 (5,291) (5,536)
Increase/(decrease) in trade and other payables16 18,177 (7,657)
Increase in provision17 5,291 5,451
Cash generated from operations 28,294 16,630
Net income tax paid (166) (508)
Interest paid18 (374) (1,260)
Net cash generated from operating activities 27,754 14,862
Payments for purchase of property, plant and equipment (6,397) (3,822)
Payments for purchase of intangible assets –19 (201)
Proceeds from disposal of plant and equipment –19 1,200
Dividends received20 –19 (131)
Net cash used in investing activities (6,397) (2,954)
Dividends paid –21 (5,303)
Repayment of lease liabilities (4,406) (4,166)
Net cash used in financing activities (4,406) (9,469)
Net increase in cash and cash equivalents 16,951 2,439
Cash and cash equivalents at 1 January (7,780) (10,219)
Cash and cash equivalents at 31 December 9,171 (7,780)
  1. Printed “-”, read as nil: subtotal_arithmetic: cf.native.co_kjz0wfk3ekj5.cf_operating_before_working_capital.
  2. Printed “-”, read as nil: subtotal_arithmetic: cf.cash_from_investing.
  3. Printed “-”, read as nil: subtotal_arithmetic: cf.cash_from_financing.
Notes and alternative reported figures (18)
  1. “Loss before tax” is an issuer-specific line, not mapped to a shared definition: Opening line of the operating section.
  2. “Depreciation of property, plant and equipment” is an issuer-specific line, not mapped to a shared definition: Adjustment, note 15.
  3. “Depreciation of right of use assets” is an issuer-specific line, not mapped to a shared definition: Adjustment, note 16.
  4. “Amortization of intangible assets” is an issuer-specific line, not mapped to a shared definition: Adjustment, note 35.
  5. “Gains on disposal of plant and equipment” is an issuer-specific line, not mapped to a shared definition: Adjustment, note 9.
  6. “Impairment losses” is an issuer-specific line, not mapped to a shared definition: Adjustment, notes 17 and 18.
  7. “Dividend income” is an issuer-specific line, not mapped to a shared definition: Adjustment, note 9.
  8. “Interest income” is an issuer-specific line, not mapped to a shared definition: Adjustment, note 11.
  9. “Interest expense” is an issuer-specific line, not mapped to a shared definition: Adjustment, note 11.
  10. “Net post-employment benefit charge” is an issuer-specific line, not mapped to a shared definition: Adjustment, note 27.
  11. “Operating profit before working capital changes” is an issuer-specific line, not mapped to a shared definition: Subtotal.
  12. “(Increase)/decrease in inventories” is an issuer-specific line, not mapped to a shared definition: Working capital change.
  13. “Decrease in trade and other receivables” is an issuer-specific line, not mapped to a shared definition: Working capital change.
  14. “Increase in restricted cash” is an issuer-specific line, not mapped to a shared definition: Working capital change.
  15. “Increase/(decrease) in trade and other payables” is an issuer-specific line, not mapped to a shared definition: Working capital change.
  16. “Increase in provision” is an issuer-specific line, not mapped to a shared definition: Working capital change.
  17. “Interest paid” is an issuer-specific line, not mapped to a shared definition: Operating activities (not split between borrowings and leases).
  18. “Dividends received” is an issuer-specific line, not mapped to a shared definition: Investing activities.

Per share and shares

Per share and shares. Columns: FY2025 — annual report (signed / final), as reported for the year; FY2024 — annual report (signed / final), comparative reported in the annual report for 2025.
Line (as printed) FY2025Annual reportreported for the yearFY2024Annual reportcomparative in FY2025 filing
Earnings / (loss) per share (per share)1 (6.82) (3.63)
Notes and alternative reported figures (1)
  1. Earnings / (loss) per share: printed as “Loss per share”.

Segments

Segment data not yet collected for this company in the pilot.

Dividends

Proposed or recommended, declared and paid are different events and are kept apart. A statement that no dividend was proposed does not mean none was paid.

Dividend events, the issuer's wording, and amounts as printed
Year endedEventWording as printedAmountUnitSource
31 Dec 2025 Dividends paid (cash flow statement) Dividends paid 0printed “–”, read as nil MUR thousands Annual report, p31
31 Dec 2024 Dividends paid (cash flow statement) Dividends paid (5,303) MUR thousands Annual report, p31

Sources

Each filing used on this page, newest period first. Dates are the document's own; the date we retrieved a file is shown separately and is never a publication date.

  • Automatic Systems Ltd Annual Report 2025

    Year ended 31 December 2025 · Annual report · signed / final

    Audit: Deloitte (Mauritius), unmodified opinion · signed

    Auditor's sign-off: Deloitte, Chartered Accountants; Farrzand Chamroo, FCCA, licensed by FRC

    Final status: Independent auditor's report to the shareholders of Automatic Systems Ltd (PDF pp26-27), unmodified opinion on the consolidated and separate financial statements; closed with handwritten signatures over 'DELOITTE Chartered Accountants' and 'FARRZAND CHAMROO, FCCA licensed by FRC', dated 26 March 2026 (PDF p27, page image). The statements were approved by the Board of Directors and authorised for issue on 26 March 2026, with two handwritten signatures over 'Director' (directors' names not printed) (PDF p29, page image).

    Document date
    26 Mar 2026
    Auditor's report
    26 Mar 2026
    Board approval
    26 Mar 2026
    Retrieved by us
    8 Oct 2026 (not a publication date)
    Used for
    statement columns FY2025, FY2024
    Basis
    consolidated statements · MUR thousands (printed “Rs 000”)
    • Provision (note 26) and Restricted cash (note 25) are printed with equal amounts (42,756; 2024: 37,465).
    • Statement of cash flows, Group 2024: 'Dividend income' adjustment printed 131 (positive) and 'Dividends received' in investing printed (131) (negative); kept as printed.
    • Annual Report 2025: directors' report and corporate governance sections (PDF pp1-25) followed by the auditor's report and the audited consolidated and separate financial statements (PDF pp26-53).
    Technical details
    File
    53 pages, with a text layer
    SHA-256
    ac30e92d21697368d3669b1b9ffcddd4d38a2680dc6051c4ba6cf020cdcc54cf
    Entity as printed
    Automatic Systems Ltd. (the Company) and its subsidiary (the Group)
    Issuer copy
    retrieved 2026-10-08T19:13:40Z

Data notes

No figure-level notes beyond those in the tables.

Review status: every figure has been located on its cited source page in an AI-assisted source verification (matched to the document's text) (9 October 2026). Independent review is pending for every figure; automated checks and the AI-assisted verification are not independent review.

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Figures shown on this page (CSV) — the same selected figures at their exact printed values, each with its source document, SHA-256, page, selection rule and reading. Independent review of these figures is pending.

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