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APQ Global Ltd - private equity investor focused on emerging markets - Says the new US administration ‘has taken the sledgehammer to international aid and foreign assistance more broadly.’ Adds that the immediate cashflow implications are manageable for Delphos, the core driver of its performance, but highlights that the environment is ‘very challenging’. APQ expects to meet its obligation to repay a convertible unsecured loan stock as it engages in talks with multiple parties for a full or partial refinancing. The firm expects to publish its book value as of December 31 by the end of February. The firm estimates realised cash inflows of $60.7 million between April 2025 and September 2026, down 18% from its previous estimate in November of $73.8 million. Notably, the realised cash inflow for January was just $487,000, down from its November estimate of $16.2 million. ‘In the medium term, the company believes its prospects remain solid and expects the transaction advisory business to bounce back when the US government reassesses its priorities. On the capital raising side, borrowers are likely to be amenable to accept higher borrowing costs and the company expects to draw in more private sector capital,’ APQ says. Current stock price: 1.00 pence each, down 85% on Friday morning in London 12-month change: down 67% Copyright 2025 Alliance News Ltd. All Rights Reserved.
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