Qapita supports Avant Meats with share valuation for FY2024

Qapita is proud to have supported Avant Meats, Asia’s first cultivated seafood company, on the valuation of its shares for FY2024 audit and financial reporting purposes.

Our International Valuations team delivered an audit-ready share valuation using the Discounted Cash Flow (DCF) approach, in line with IFRS 13 – Fair Value Measurement. The engagement involved extensive collaboration with Avant Meats’ finance team and external auditors to ensure that the valuation methodology, assumptions, and supporting documentation were robust and aligned with audit requirements.

Qapita’s role extended beyond technical modeling. We worked closely with all stakeholders throughout the audit process. From preparing detailed reports and addressing auditor queries to providing technical clarifications during fieldwork, our team ensured a smooth audit experience and timely completion of Avant Meats’ financial reporting.

“Qapita’s audit support was invaluable. Their technical expertise and responsiveness allowed us to navigate the audit process with confidence and close our reporting on schedule.” - Raymond Ling, Group Financial Controller, Avant Meats

“We aimed to deliver not just a valuation, but a defensible, audit-ready solution that gave Avant Meats and its auditors confidence in the numbers.” - Evelyn Tay, Head of International Valuations, Qapita

This engagement highlights Qapita’s expertise in supporting high-growth innovators in the food technology and life sciences sectors with valuation services that meet the highest audit standards.

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