REG - APQ Global Limited - Unaudited Final Results
16/09/2024 16:00
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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 020 3478 9708
Bart Turtelboom
Singer Capital Markets - Nominated Adviser and Broker 020 7496 3000
James Maxwell
Suntera - TISE sponsor 01481 737 277
Claire Torode
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 markets(1.) 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
(http://www.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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