Edufocal Put in Time Out: JSE Suspension

  • On June 2, 2025, the Jamaica Stock Exchange (JSE) announced the suspension of trading in the shares of Edufocal Limited (LEARN). JSE’s decision is in keeping with its rules1 that state that “A Junior Market company shall submit its audited financial statements… within 90 days of the end of the reporting year” and “… its financial statements … within 45 days of the end of the reporting quarter”.
  • Edufocal failed to submit its audited financial statements for the year ended December 31, 2024, to the JSE. The Company’s 2024 Audited Financial Statements, due on March 1, 2025, became ninety-three (93) days overdue on June 2, 2025. This marks the second year that Edufocal has been suspended for the late submission of its annual report.
  • The delay is said to be due to scheduling challenges being experienced by the Company’s external auditors. Furthermore, at the time of the initial delay, the Company noted that it had formally requested an extension to submit its Audited Financial Statements by June 27, 2025.
  • LEARN also failed to submit its 1st Quarter Unaudited Financial Statements for the period ended March 31, 2025, and requested an extension to June 5, 2025, to allow time for final approval and release.

(Source: JSE)

 1Junior Market Rule Appendix 2, Part 4 (2) (e) – Audited Annual Financial Statements and JSE Junior Market Rule Appendix 2, Part 4 (1) (e) Quarterly Financial Statements.