Company: APXIF
Filing Date: 2025-06-13
Form Type: F-4/A
Source: 0001213900-25-054324
Chunk: 639

Company: APx Acquisition Corp. I
Filing Date: 2025-06-13
Form: F-4/A
Chunk 639
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 of liabilities that may result from the possible inability of the Company to continue as a going concern. Argentine currency status and macroeconomic outlook Heritas S.A.U. operates in Argentina. The Argentine economy has been declared hyperinflationary as of July 1, 2018. For the six -monthended December 31, 2024, and 2023, Argentina’s inflation rate was 21.13% and 106.67%, respectively. The Group uses Argentina’s official exchange rate to account for its operations and transactions in Argentina. As of December 31, 2024, and 2023, the official exchange rate was ARS1032.00 and ARS808.45, respectively, against the US Dollar. For the six -monthended December 31, 2024 and 2023, Argentina’s official exchange rate against the US Dollar increased 13% and 215%, respectively. 2. Basis of Preparation (a) Statement of compliance These unaudited Interim Condensed Combined financial statements as of and for the six months ended December 31, 2024 (hereinafter referred to as the “Interim Combined Financial Statements”) have been prepared in accordance with International Accounting Standard 34 (IAS 34), “Interim Financial Reporting” as issued by International Accounting Standard Board (“IASB”). These unaudited interim condensed consolidated financial statements do not include all the information required for a complete set of IFRS financial statements. However, selected explanatory notes are included to explain events and transactions that are significant to an understanding of the changes in the Group’s financial position and performance since the last annual consolidated financial statements. These Interim Combined Financial Statements include all adjustments necessary for a fair statement of the results of the interim period. These adjustments consist of normal recurring items. These Interim Combined Financial Statements are not necessarily indicative of results that may be expected for any other interim period or for the full year. These Interim Combined Financial Statements should be read in conjunction with the audited combined financial statements and related notes for the year ended June 30, 2024. F-98

Notes to Unaudited Interim Condensed Combined Financial Statements (Amounts in US Dollars, except otherwise indicated) 2.Basis of Preparation (cont.) (b) Authorization for the issue of the interim condensed combined financial statements These unaudited interim condensed combined financial statements of the Company were authorized by the Board of Directors of the Company on May 30, 2025. (c)