Shares in Tortilla Mexican Grill were suspended on Tuesday after the company announced a further delay in publishing its 2025 annual financial results due to ongoing issues related to an accounting error. The UK-based Mexican restaurant chain disclosed last month that it had overstated its profits for the previous year.

The discrepancy relates to approximately £2.5 million of expenses in Tortilla’s French operations that were not properly recorded in the profit and loss account. This omission means the group’s earnings for the period are significantly lower than initially reported. In response, Tortilla launched an internal review while auditors began reassessing the group's financial statements.

On Monday, the company stated that the review and the additional audit work required have made it impossible to meet the original deadline to release the 2025 annual results, which was scheduled for Tuesday. The board emphasized that the extension was in shareholders' best interests to ensure a thorough examination and to reinforce financial controls and reporting discipline. They also sought to prevent similar issues from occurring in the future within the French business.

As a consequence of the delay, trading in Tortilla’s shares on the London Stock Exchange’s AIM market will be temporarily suspended starting Wednesday. The company emphasized that the postponement relates solely to the situation in France and affirmed its commitment to publishing the audited annual accounts as soon as the process is complete.

Tortilla’s management has not provided a revised timeline for publication but indicated that the priority remains resolving the accounting irregularities and restoring confidence in the group’s financial reporting.