On what pages of the Engel & Volkers FDD can I find the consolidated balance sheets?

According to Engel & Volkers' 2025 Franchise Disclosure Document, the consolidated balance sheets can be found on pages 3 through 4. This information is part of the financial statements included as Exhibit I. The financial statements also include the independent auditor's report, consolidated statements of comprehensive income (loss), consolidated statements of changes in shareholders' equity, consolidated statements of cash flow, and notes to the consolidated financial statements.

The consolidated balance sheets provide a snapshot of Engel & Volkers' assets, liabilities, and equity at a specific point in time. Reviewing these statements can help a prospective franchisee assess the financial stability and overall health of the company. Understanding the company's financial position is crucial for making an informed investment decision.

Prospective franchisees should carefully examine these balance sheets and consult with a financial advisor to fully understand the implications of the data presented. Analyzing trends in assets, liabilities, and equity can provide insights into the company's financial performance and potential risks. Additionally, reviewing the notes to the financial statements can provide further context and explanations of the figures presented in the balance sheets.