The Ekiti State Water Corporation has published its Audited Financial Statements (AFS) for the 2025 financial year, reaffirming its commitment to transparency, accountability, and sound financial management in the delivery of water services across the State.
The publication provides stakeholders with a comprehensive overview of the Corporation’s financial performance and position during the 2025 financial year. The audited financial statements comprise the Statement of Financial Position, Statement of Comprehensive Income, Statement of Changes in Equity, Statement of Cash Flows, Notes to the Financial Statements, and the Management Report, all prepared in accordance with applicable financial reporting standards and statutory requirements.
The release of the audited financial statements underscores the Corporation’s commitment to maintaining the highest standards of corporate governance, financial discipline, and responsible stewardship of public resources. It also reflects the Corporation’s continuous efforts to promote openness in its operations and strengthen public confidence through regular financial reporting.
Speaking on the publication, the Managing Director of the Ekiti State Water Corporation, Mr. Oluwole Afolabi, described the release of the audited financial statements as another significant milestone in the Corporation’s drive to enhance transparency and institutional accountability.
“The publication of our 2025 Audited Financial Statements demonstrates our unwavering commitment to transparency, accountability, and prudent financial management. We remain focused on ensuring that our financial operations are conducted in accordance with established standards while delivering efficient and sustainable water services to the people of Ekiti State. By making these statements publicly available, we continue to foster trust among our stakeholders and reinforce our dedication to good corporate governance.”
The Managing Director further appreciated the Board of Directors, the Government of Ekiti State, development partners, customers, employees, and other stakeholders for their continued support and confidence in the Corporation’s vision and operations.
As the Corporation continues to implement strategic reforms aimed at improving service delivery and operational efficiency, it remains committed to strengthening financial sustainability, enhancing institutional performance, and expanding access to safe, reliable, and sustainable water supply across Ekiti State.
Stakeholders are encouraged to review the 2025 Audited Financial Statements to gain further insight into the Corporation’s financial performance and ongoing commitment to responsible governance and service excellence.