As previously highlighted alongside the record trading that drove upgrades of +1-12% at the FY25 trading update, Quartix has confirmed that the FRC and Quartix have agreed to a change in accounting policy that is expected to result in a moderate increase in reported profit. Subject to the FRC’s review of draft disclosures, the FRC and Quartix have agreed that tracking systems should be classified as PPE under IAS 16, which is expected to lead to a longer economic useful life for the equipment, a ....
