NOTES TO FINANCIAL STATEMENTS 31 December 2025 11 INVESTMENT IN SUBSIDIARIES (cont’d) Details of non-wholly owned subsidiaries that have material non-controlling interests The table below shows details of non-wholly owned subsidiaries of the Company that have material non-controlling interests: (1) This represents (loss) profit allocated to non-controlling interests post-acquisition. Summarised financial information in respect of each of the Company’s subsidiaries that has material non-controlling interests is set out below. The summarised financial information below represents amounts post-acquisition and before intercompany eliminations. Place of incorporation Proportion of ownership interests and voting rights held by non-controlling interests (Loss) profit allocated to non-controlling interests for the year (1) Non-controlling interests in statement of financial position 2025 2024 2025 2024 2025 2024 % % US$ US$ US$ US$ PT Marga Bara Jaya Indonesia 28.67 36.30 (345,703) (25,403) 7,398,759 9,637,766 PT Golden Eagle Energy Tbk and its subsidiaries Indonesia 32.76 26.89 541,528 28,695 84,831,462 79,121,461 PT Marga Bara Jaya GEE and its subsidiaries 2025 2024 2025 2024 US$ US$ US$ US$ Current assets 17,901,718 16,825,594 38,522,711 33,710,310 Non-current assets 139,453,608 18,081,127 57,202,773 45,882,395 Current liabilities 100,407,795 36,305,913 29,756,433 24,740,216 Non-current liabilities 71,149 26,452 33,721,095 2,360,299 Equity attributable to owners of the Company 56,876,382 (1,425,644) 32,072,362 48,660,632 Non-controlling interests - - 175,594 3,831,558 Revenue - - 103,617,931 51,361,902 Share of results of associates - - 652,661 1,997,327 (Loss) profit for the year (952,350) (251,368) 3,957,776 2,250,182 (Loss) profit attributable to owners of the Company (952,350) (251,368) 3,948,939 2,127,242 Profit attributable to non-controlling interests - - 8,837 122,940 (Loss) profit for the year (952,350) (251,368) 3,957,776 2,250,182 Other comprehensive income attributable to owners of the Company 835 2,122 19,810 813,788 Other comprehensive income attributable to non-controlling interests - - - 7,556 Other comprehensive income for the year 835 2,122 19,810 821,344 Net cash (used in) from operating activities (10,863,647) 50,721 3,230,751 15,232,962 Net cash used in investing activities (28,903,111) (10,309,502) (25,708,153) (9,019,196) Net cash from financing activities 32,104,484 26,388,588 16,620,531 - Net (decrease) increase in cash and cash equivalents (7,662,274) 16,129,807 (5,856,871) 6,213,766 93 GEO ENERGY | ANNUAL REPORT 2025
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