Company: TGE
Filing Date: 2025-03-21
Form Type: DRS/A
Source: 0001013762-25-001106
Chunk: 348

Company: Generation Essentials Group
Filing Date: 2025-03-21
Form: DRS/A
Chunk 348
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 -termleases and administrative expenses are excluded from such measurement.

217

The following table set forth the revenues by segments and segment results for the years indicated.

| 2022                                                     |     | For the Year Ended December 31, |     |  2023 |     |        |     |  2024 |     |        |     |       |
|:---------------------------------------------------------|:----|--------------------------------:|:----|------:|:----|-------:|:----|------:|:----|-------:|:----|------:|
| US$                                                      |     |                               % |     |   US$ |     |      % |     |   US$ |     |      % |     |       |
| (in thousands, except for percentages, share numbers and 
 per share data)                                          |     |                                 |     |       |     |        |     |       |     |        |     |       |
| Media and entertainment                                  |     |                           7,670 |     |  24.5 |     | 14,422 |     |  33.9 |     | 18,859 |     |  24.5 |
| Hotel operation, hospitality and VIP services            |     |                           3,201 |     |  10.3 |     |  5,423 |     |  12.8 |     | 23,132 |     |  30.0 |
| Strategic investment                                     |     |                          20,392 |     |  65.2 |     | 22,698 |     |  53.3 |     | 35,023 |     |  45.5 |
| Total                                                    |     |                          31,263 |     | 100.0 |     | 42,543 |     | 100.0 |     | 77,014 |     | 100.0 |

Year Ended December 31, 2023 Compared to Year Ended December 31, 2024 Revenue Our revenue increased from US$42.5million in 2023 to US$77.0 million in 2024. Segment Revenue Our segment revenue from the media and entertainment segment increased from US$14.4 million in 2023 to US$18.9 million in 2024, primarily due to the successful operations and expansions of L’Officiel, as well as the full year impact of our acquisition of The Art Newspaper in