Company: TGE
Filing Date: 2025-12-03
Form Type: 424B3
Source: 0001213900-25-117807
Chunk: 146

Company: Generation Essentials Group
Filing Date: 2025-12-03
Form: 424B3
Chunk 146
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 |   |       |     |      |        |     |   |       |
| Media and entertainment                       |     |                                                                    |                           7,670 |     |   |  24.5 |     |      | 14,422 |     |   |  33.9 |     |      | 18,859 |     |   |  24.5 |     |      |                        10,446 |     |   |  30.5 |     |      |  9,976 |     |   |  11.4 |
| Hotel operation, hospitality and VIP services |     |                                                                    |                           3,201 |     |   |  10.3 |     |      |  5,423 |     |   |  12.8 |     |      | 23,132 |     |   |  30.0 |     |      |                         7,905 |     |   |  23.1 |     |      | 12,668 |     |   |  14.5 |
| Strategic investment                          |     |                                                                    |                          20,392 |     |   |  65.2 |     |      | 22,698 |     |   |  53.3 |     |      | 35,023 |     |   |  45.5 |     |      |                        15,880 |     |   |  46.4 |     |      | 64,785 |     |   |  74.1 |
| Total                                         |     |                                                                    |                          31,263 |     |   | 100.0 |     |      | 42,543 |     |   | 100.0 |     |      | 77,014 |     |   | 100.0 |     |      |                        34,231 |     |   | 100.0 |     |      | 87,429 |     |   | 100.0 |

Non-GAAP Financial Measure

We use adjusted net income, which is a non-GAAP financial
measure, in evaluating our operating results and for financial and operational decision-making purposes. Adjusted net income represents
profit for the period excluding one-off share-based payment expense arising from the completion of the business combination in accordance
with IFRS 2. We define adjusted net income as profit for the period adjusted for non-recurring