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). | |
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| |
| 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 ‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾ |
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- End -
For further enquiries, please contact:
| APQ Global Limited | 020 3478 9708 |
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| Singer Capital Markets - Nominated Adviser and Broker | 020 7496 3000 |
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| Suntera - TISE sponsor | 01481 737 277 |
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| Investor Relations IR@APQGlobal.com | |
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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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