| Equity Method Investments |
Equity Method Investments The following summarizes the Company's equity method investments as of June 30, 2025:
| | | | | | | | | | | | | | | | Investee Name | Location | Primary Purpose | Ownership Percentage | Basis Difference(1) | | Adams International Ltd. | Thailand | Purchase and process tobacco | 49% | $ | (4,526) | | | Alliance One Industries India Private Ltd. | India | Purchase and process tobacco | 49% | (5,770) | | | China Brasil Tabacos Exportadora S.A. | Brazil | Purchase and process tobacco | 49% | 43,000 | | | Oryantal Tütün Paketleme Sanayi ve Ticaret A.Ş. | Turkey | Process tobacco | 50% | (416) | | | Purilum, LLC | U.S. | Produce flavor formulations and consumable e-liquids | 50% | 4,589 | | | Siam Tobacco Export Corporation Ltd. | Thailand | Purchase and process tobacco | 49% | (6,098) | | (1) Basis differences for the Company's equity method investments are due to fair value adjustments recorded during fiscal 2021. |
The following summarizes financial information for these equity method investments:
| | | | | | | | | | | | Three Months Ended | | | June 30, | | | 2025 | 2024 | | | | Statement of operations: | | | | | | Sales | $ | 46,504 | | $ | 56,771 | | | | | Gross profit | 7,052 | | 7,187 | | | | | Net (loss) income | (2,666) | | 5,239 | | | |
| | | | | | | | | | | | | June 30, 2025 | June 30, 2024 | March 31, 2025 | | Balance sheet: | | | | | Current assets | $ | 510,324 | | $ | 533,214 | | $ | 419,192 | | | Property, plant, and equipment and other assets | 51,932 | | 57,453 | | 49,243 | | | Current liabilities | 425,697 | | 438,293 | | 328,818 | | | Long-term obligations and other liabilities | 4,150 | | 3,468 | | 4,560 | |
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