Company: TGE
Filing Date: 2025-12-03
Form Type: 424B3
Source: 0001213900-25-117807
Chunk: 139

Company: Generation Essentials Group
Filing Date: 2025-12-03
Form: 424B3
Chunk 139
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201 |     |   |  10.3 |     |      |   5,423 |   |     |   |  12.8 |   |     |      | 23,132 |     |   |  30.0 |     |                               |  7,905 |     |   |  23.1 |     |      | 12,668 |     |   |  14.5 |
| Dividend income and gain related to disposed financial 
 assets at fair value through profit or loss (“FVTPL”)  |     |                                       |  7,381 |     |   |  23.6 |     |      |  60,457 |   |     |   | 142.1 |   |     |      |  8,681 |     |   |  11.3 |     |                               |  8,660 |     |   |  25.3 |     |      |  8,612 |     |   |   9.9 |
| Net fair value changes on FVTPL                        
 and derivative financial instruments                   |     |                                       | 13,011 |     |   |  41.6 |     |      | (37,759 | ) |     |   | (88.8 | ) |     |      | 26,342 |     |   |  34.2 |     |                               |  7,220 |     |   |  21.1 |     |      | 56,173 |     |   |  64.2 |
| Total                                                  |     |                                       | 31,263 |     |   | 100.0 |     |      |  42,543 |   |     |   | 100.0 |   |     |      | 77,014 |     |   | 100.0 |     |                               | 34,231 |     |   | 100.0 |     |      | 87,429 |     |   | 100.0 |

<div align='center'>88</div>

Cost of production
and cost of hotel operation

Our cost of production
and cost of hotel operation was US$3.2 million, US$5.9 million, US$15.6 million, US$5.4 million, and US$9.5 million in
2022, 2023 and