Financial Information

MG EXEO NETWORK INC. is committed to transparency and accountability in its financial reporting. The following information provides a summarized overview of the company's financial position and performance. This information is intended to provide stakeholders with a general understanding of the company's financial health and is derived from financial statements prepared in accordance with International Financial Reporting Standards (IFRS).

Key Financial Highlights

To provide a clear and accessible view of our financial standing, we focus on the following key highlights:

Assets: As of December 31, 2023, our assets are primarily composed of current assets, reflecting the nature of our operations. The company's asset structure is illustrated in the chart below:

Current Assets: 80.4%
Non-Current Assets: 19.6%

Financial Position

Equity and Liabilities: Our financial structure comprises both equity and liabilities. Key components include:

Equity: 34.7%
Non-Current Liabilities: 59.2%
Current Liabilities: 6.1%

Net Worth: Our net worth has increased over the period from 2020 to 2023, indicating growth in the company's book value. The dynamics of net assets and issued capital are shown in the following chart:

Financial Stability: We monitor key ratios to assess our financial stability. These include the debt-to-equity ratio and debt ratio. The dynamics of these ratios, along with their implications, are presented below:

Debt-to-Equity Ratio: As of 2023, the debt-to-equity ratio was 1.88.
Debt Ratio: As of 2023, the debt ratio was 0.65.
Interpretation: The debt ratio indicates that liabilities constitute a significant portion (65.3%) of the company’s total capital as of December 31, 2023. While the company's debt-to-equity ratio and debt ratio are higher than the optimal values, the company is committed to managing its liabilities to ensure long-term financial stability.

Liquidity: Our liquidity ratios (current ratio, quick ratio, and cash ratio) indicate our ability to meet short-term obligations. These ratios are presented in the following chart:

Financial Performance

Profitability: We monitor key profitability metrics, including gross margin, return on sales, and profit margin. The dynamics of these profitability ratios are shown in the following chart:

2023 Profitability Overview: MG EXEO NETWORK INC. acknowledges a decrease in profitability ratios during 2023. In line with our commitment to transparency and good governance, we are actively implementing strategic initiatives focused on cost reduction, operational improvements, and the development of new revenue opportunities. These efforts are aimed at restoring profitability and strengthening long-term shareholder value.

In line with our commitment to good governance and transparency, we will continue to provide timely and relevant financial information to our stakeholders. We believe this open communication fosters trust and accountability.