Company: TGE
Filing Date: 2025-07-10
Form Type: 424B3
Source: 0001213900-25-062835
Chunk: 297

Company: Generation Essentials Group
Filing Date: 2025-07-10
Form: 424B3
Chunk 297
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                         | 75,061 |   |     |         |  11,144 |   |     |         |  41,725 |   |
| Non-controlling interests                                                                                    |     |    |       |                         | 23,335 |   |     |         |  19,087 |   |     |         |  24,359 |   |
|                                                                                                              |     |    |       |                         | 98,396 |   |     |         |  30,231 |   |     |         |  66,084 |   |
| Earnings per share                                                                                           |     | 10 |       |                         |        |   |     |         |         |   |     |         |         |   |
| Basic and diluted (US$)                                                                                      |     |    |       |                         |   0.65 |   |     |         |    0.45 |   |     |         |    1.64 |   |

<div align='center'>The accompanying notes are an integral part of
the consolidated financial statements.

F-43

THE GENERATION ESSENTIALS GROUP
CONSOLIDATED STATEMENTS OF FINANCIAL POSITION
AS OF DECEMBER 31, 2022, 2023 AND 2024</div>

|                                                           |     |       |     | As of December 31, |         |   |     |         |         |   |     |         |           |   |
|                                                           |     | Notes |     |               2022 |         |   |     |    2023 |         |   |     |    2024 |           |   |
|                                                           |     |       |     |            US$’000 |         |   |     | US$’000 |         |   |     | US$’000 |           |   |
| ASSETS                                                    |     |       |     |                    |         |   |     |         |         |   |     |         |           |   |
| Non-current assets                                        |     |       |     |                    |         |   |     |         |         |   |     |         |           |   |
| Property, plant and equipment                             |     |    11 |     |                    | 173,345 |   |     |         | 195,109 |   |     |         |   574,693 |   |
| Intangible assets