Company: TGE
Filing Date: 2025-12-03
Form Type: 424B3
Source: 0001213900-25-117807
Chunk: 249

Company: Generation Essentials Group
Filing Date: 2025-12-03
Form: 424B3
Chunk 249
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| 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-21

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                            |     |    12 |     |                    |  93,042 |   |     |         | 118,678 |   |     |         |   119,381 |   |
| Interests in joint ventures                  |     |    13 |     |                    |  99,884 |   |     |         |  95,686 |   |     |         |         — |   |
| Financial assets at FVTPL                    |     |    14 |     |                    | 102,702 |   |     |         |  60,243 |   |     |         |   395,337 |   |
| Total non-current assets                     |     |       |     |                    | 468,973