| Schedule of Equity Method Investments |
The following summarizes the Company's equity method investments as of June 30, 2026:
| | | | | | | | | | | | | | | | 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 nicotine products | 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, | | | 2026 | 2025 | | | | Statement of operations: | | | | | | Sales | $ | 52,156 | | $ | 46,504 | | | | | Gross profit | 6,256 | | 7,052 | | | | | Net income (loss) | 3,007 | | (2,666) | | | |
| | | | | | | | | | | | | June 30, 2026 | June 30, 2025 | March 31, 2026 | | Balance sheet: | | | | | Current assets | $ | 455,993 | | $ | 510,324 | | $ | 457,219 | | | Property, plant, and equipment and other assets | 67,568 | | 51,932 | | 65,716 | | | Current liabilities | 383,467 | | 425,697 | | 362,790 | | | Long-term obligations and other liabilities | 5,886 | | 4,150 | | 6,333 | |
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