# Audited Financial Statements

BC Group has seen impressive growth over the last 3 years across a number of GAP and none-GAAP reporting measures.

Here is a summary of the key growth metrics:

**REVENUE GROWTH**

<table><thead><tr><th width="192">Year</th><th width="169">Revenue Growth</th></tr></thead><tbody><tr><td>2021</td><td> <em>34.25%</em></td></tr><tr><td>2022</td><td> <em>46.92%</em></td></tr><tr><td>2023</td><td><em>58.21%</em></td></tr></tbody></table>

**ORDER VOLUME GROWTH**

<table><thead><tr><th width="194">Year </th><th width="164">Order Growth</th></tr></thead><tbody><tr><td>2021</td><td>26%</td></tr><tr><td>2022</td><td>80%</td></tr><tr><td>2023</td><td>250%</td></tr></tbody></table>

**GROSS MARGIN**

<table><thead><tr><th width="194">Year </th><th width="164">Gross Margin</th></tr></thead><tbody><tr><td>2021</td><td>8.7%</td></tr><tr><td>2022</td><td>12.4%</td></tr><tr><td>2023</td><td>23.5%</td></tr></tbody></table>

**EBITDA MARGIN**

<table><thead><tr><th width="194">Year </th><th width="164">EBITDA Margin</th></tr></thead><tbody><tr><td>2021</td><td>8.7%</td></tr><tr><td>2022</td><td>12.4%</td></tr><tr><td>2023</td><td>23.5%</td></tr></tbody></table>

## **BC Group - 2023 Detailed Financial Report**

Condensed and consolidated interim financial statements for the year ended on 31st December, 2023.

| Statement of Financial Position                               | 2023/12        |
| ------------------------------------------------------------- | -------------- |
| Presentation Currency                                         | USD            |
| Financial Statement Nature                                    | Consolidated   |
| CURRENT ASSETS                                                |                |
| Liquid Assets                                                 | 27,053,451     |
| Trade Receivables                                             | 954,017        |
| Inventories                                                   | 21,784,371     |
| LONG TERM ASSETS                                              | 4,315,064      |
| TOTAL ASSETS                                                  | **28,848,253** |
| TRADE PAYABLES                                                | 16,658,336     |
| SHAREHOLDERS EQUITY                                           | 4,552,353      |
| NET PROFIT (LOSS) FOR THE PERIOD                              | 7,610,564      |
| BALANCE SHEET FOOTNOTES                                       | 28,848,253     |
|                                                               |                |
| Statement of Profits or Losses and Other Comprehensive Income | 2023/12        |
| Presentation Currency                                         | USD            |
| Financial Statement Nature                                    | Consolidated   |
| NET SALES                                                     | 49,633,988     |
| COST OF SALES (-)                                             | -37,325,697    |
| GROSS PROFIT OR (LOSS)                                        | 12,313,291     |
| GENERAL ADMINISTRATION EXPENSES (-)                           | -4,702,727     |
| NET PROFIT OR (LOSS) FOR THE YEAR                             | **7,610,564**  |


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