According to Engel & Volkers' 2025 Franchise Disclosure Document, the company includes audited financial statements as Exhibit I. These statements comprise the consolidated balance sheets as of December 31, 2024, and 2023, along with consolidated statements of comprehensive income (loss), changes in shareholders' equity, and cash flows for each of the years in the three-year period ended December 31, 2024. The exhibit also includes related notes to the consolidated financial statements.

The inclusion of audited financial statements provides prospective franchisees with an independent assessment of Engel & Volkers' financial condition and performance. This audit, conducted in accordance with generally accepted auditing standards, offers a reasonable level of assurance that the financial statements are free from material misstatement. The auditor's report expresses an opinion on the fairness of the presentation of the company's financial position, results of operations, and cash flows.

The auditor's report outlines the responsibilities of both management and the auditor in the financial reporting process. Management is responsible for preparing the financial statements and maintaining internal controls, while the auditor's responsibility is to express an opinion based on their audit. The audit involves procedures to assess the risks of material misstatement, examine evidence, evaluate accounting policies, and assess the overall presentation of the financial statements. This process helps ensure that the financial statements are reliable and provide a fair representation of Engel & Volkers' financial performance.

Prospective franchisees should carefully review these audited financial statements and related notes to understand Engel & Volkers' financial stability, profitability, and cash flow trends. Understanding the franchisor's financial health is a crucial part of the due diligence process before investing in a franchise. Consulting with a financial advisor or accountant to interpret these statements can provide further insights and help in making an informed decision.