Alpha Professional Holdings Ltd Records Goodwill Impairment

Reuters
Dec 31, 2025
Alpha Professional Holdings Ltd Records Goodwill Impairment

Alpha Professional Holdings Ltd has addressed an accounting issue related to an impairment on goodwill. The issue arose following a debt settlement agreement in which its subsidiary, Willis Trading, acquired 70% of the economic benefits of Shenyang Jinyi and certain shareholder loan rights from Prime Global Trading Pty Ltd. This acquisition was structured to recover long-outstanding trade receivables, and the consideration was based on an independent valuation and the principal of the shareholder's loan. The transaction has resulted in an impairment on goodwill, which has been disclosed in the company's supplemental announcement regarding its audited results for the year ended 31 March 2025.

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