APQ GLOBAL LIMITED

Earnings Release • Sep 16, 2024

National Storage Mechanism | Additional information

RNS Number : 3847E

APQ Global Limited

16 September 2024

APQ Global Limited

("APQ Global" or the "Company")

Unaudited results for the period from 1 January 2023 to 31 December 2023

APQ Global Limited, a company incorporated in Guernsey (company registration number 62008) which is listed on The International Stock Exchange and admitted to trading on AIM, announces its unaudited financial position as at 31 December 2023. 

As announced on 6 September 2024, the Company continues to work diligently to support the completion of its audit and expects to publish its FY23 Accounts as soon as practicable. The audit process is ongoing and is contingent on the outcome of the Meeting of CULS Holders convened for 30 September 2024. A further announcement is expected to be made shortly thereafter. 

For the avoidance of doubt, trading in the Company's ordinary shares and CULS remain suspended following the release of this announcement.  

The Company's unaudited financial position is summarised as:	31 December 2023
	$
Investments	38,502,687
Cash at banks/brokers	14,652,012
Short term receivables	6,299,553
Other assets	1,871,700
Total assets	____________________                      61,325,952
Liability in respect of CULS	36,710,043
Other liabilities	992,526
Total liabilities	____________________                      37,702,569
Total equity	____________________                      23,623,383 ‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾
BVPS (USD Cents)	30.07
The group investments are made up of:	$
Other Investments	629,797
Palladium Trust Services	23,213
New Markets Media & Intelligence	472,951
Parish Group	4,760,103
Delphos Group Companies	32,205,419
Promethean Trustees	23,472
Promethean Advisory	387,732
Total Investments	____________________                      38,502,687 ‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾
Notes:
1.   The figures in the table above are estimates only and are based on unaudited estimated valuations in accordance with the Company's valuation policy. Such estimates may differ materially from any actual results.
2.   Publicly traded securities are valued using close prices on the relevant exchange as at 31 December 2023 (source: Bloomberg).
3.   Direct investments valuation provided by an independent third party as at 31 December 2023.
4.    All non-USD balances converted to USD using the WM/Refinitiv FX benchmark rates with 4.00 p.m. fixing on 31 December 2023 (source: Bloomberg).

The Company's unaudited statement of comprehensive income is summarised as:	31 December 2023
	$
Revenue	12,867,293
Net gain/(loss) on financial assets at fair value through profit and loss	10,521,374
Administrative expenses	(4,941,465)
Operating profit/(loss) for the year before tax	__________________                 18,447,202
Interest receivable	272,415
Interest payable	(2,519,207)
Impairment of financial assets at amortised cost	-
Gain on partial settlement of CULS	224,868
Profit/(loss) on ordinary activities before taxation	__________________                  16,425,278
Tax on profit/(loss) from ordinary activities	-
Total profit/(loss) for the year	__________________                  16,425,278       ‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾
Other comprehensive income	-
Total comprehensive profit/(loss) for the year	__________________                  16,425,278       ‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾

- End -

For further enquiries, please contact:

APQ Global Limited Bart Turtelboom	020 3478 9708
Singer Capital Markets - Nominated Adviser and Broker James Maxwell	020 7496 3000
Suntera - TISE sponsor Claire Torode	01481 737 277
Investor Relations IR@APQGlobal.com

Notes to Editors

APQ Global Limited

APQ Global (ticker: APQ LN) is an investment company incorporated in Guernsey. The Company focuses its investment activities globally (in Asia, Latin America, Eastern Europe, the Middle East, Africa and the Channel Islands, particularly). The objective of the Company is to steadily grow its earnings to seek to deliver attractive returns and capital growth through a combination of building growing businesses as well as earning revenue from income generating operating activities in capital markets1. APQ Global run a well-diversified and liquid portfolio, take strategic stakes in selected businesses and plan to take operational control of companies through the acquisition of minority and majority stakes in companies with a focus on emerging markets. For more information, please visit  apqglobal.com .

1 Where we refer to revenue from income generating operating activities this relates to the revenue of our investee companies.

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