Exhibit 99.2
GREENPRO CAPITAL CORP.
UNAUDITED PRO FORMA CONDENSED CONSOLIDATED FINANCIAL STATEMENTS
The Company intends to use the cash proceeds from the Transaction for general corporate purposes, which may include the provision of additional working capital, funding internal operational improvement initiatives and business development.
The following unaudited pro forma condensed consolidated financial statements as of and for the six months ended June 30, 2026, have been derived from the unaudited condensed consolidated financial statements of the Company.
The
unaudited pro forma condensed consolidated financial statements for the years ended December 31, 2025, and 2024 have been derived from
the audited consolidated financial statements of the Company for the years then ended. The unaudited pro forma condensed consolidated
statements of operations are presented to illustrate the Company’s results as if the Transaction occurred on January 1, 2024, the
beginning of the earliest period presented and reflect the reclassification of
The
unaudited pro forma condensed consolidated financial statements have been prepared in accordance with Article 11 of Regulation S-X, as
amended, and are based upon management’s estimates utilizing the best available information and are subject to the assumptions
and adjustments described below and in the accompanying notes to the unaudited pro forma condensed consolidated financial statements.
They are not intended to be a complete representation of the Company’s financial position or results of operations had the Transaction
occurred as of the periods indicated. In addition, the unaudited pro forma condensed consolidated financial statements are provided for
illustrative and informational purposes only and are not necessarily indicative of the Company’s future results of operations or
financial condition had the Transaction been completed on the date assumed. The unaudited condensed consolidated financial statements
should be read in conjunction with the Company’s historical consolidated financial statements and accompanying notes included in
the Company’s Annual Report on Form 10-K for the year ended December 31, 2025, and the Company’s Quarterly Report on Form
10-Q for the six months ended June 30, 2026, as well as the “Management’s Discussion and Analysis of Financial Condition
and Results of Operations” sections of such reports. The adjustments included within the “F&A
GREENPRO CAPITAL CORP.
UNAUDITED PRO FORMA CONDENSED CONSOLIDATED BALANCE SHEET
AS OF JUNE 30, 2026
(In U.S. dollars, except share and per share data)
| Transaction Accounting Adjustments | ||||||||||||||||||
| GRNQ
Historical Consolidated | F&A | Additional Transaction Accounting Adjustments | Notes | GRNQ Pro Forma | ||||||||||||||
| ASSETS | ||||||||||||||||||
| Current assets: | ||||||||||||||||||
| Cash and cash equivalents | $ | 634,440 | $ | 184,607 | $ | (a) | $ | |||||||||||
| Accounts receivable, net | 13,301 | 3,782 | - | 9,519 | ||||||||||||||
| Prepaids and other current assets | 473,428 | 40,945 | - | 432,483 | ||||||||||||||
| Digital assets | 234,055 | - | - | 234,055 | ||||||||||||||
| Due from related parties | 880,502 | - | - | 880,502 | ||||||||||||||
| Deferred costs of revenue | 67,961 | 67,961 | - | - | ||||||||||||||
| Total current assets | 2,303,687 | 297,295 | ||||||||||||||||
| Property and equipment, net | 1,354,239 | 1,313,296 | - | 40,943 | ||||||||||||||
| Real estate investments: | ||||||||||||||||||
| Real estate held for sale | 886,502 | - | - | 886,502 | ||||||||||||||
| Real estate held for investment, net | 370,826 | - | - | 370,826 | ||||||||||||||
| Intangible assets, net | 299 | 299 | - | - | ||||||||||||||
| Other investments | 18,200,000 | - | - | 18,200,000 | ||||||||||||||
| Operating lease right-of-use assets, net | 53,577 | - | - | 53,577 | ||||||||||||||
| Finance lease right-of-use asset, net | 12,449 | - | - | 12,449 | ||||||||||||||
| TOTAL ASSETS | $ | 23,181,579 | $ | 1,610,890 | $ | $ | ||||||||||||
| LIABILITIES AND STOCKHOLDERS’ EQUITY | ||||||||||||||||||
| Current liabilities: | ||||||||||||||||||
| Accounts payable and accrued liabilities | $ | 1,370,306 | $ | 84,114 | $ | 8,000 | (b) | $ | 1,294,192 | |||||||||
| Due to related parties | 856,945 | 724,682 | - | 132,263 | ||||||||||||||
| Operating lease liabilities | 53,577 | - | - | 53,577 | ||||||||||||||
| Finance lease liabilities, current portion | 4,568 | - | - | 4,568 | ||||||||||||||
| Deferred revenue | 285,770 | 285,770 | - | - | ||||||||||||||
| Total current liabilities | 2,571,166 | 1,094,566 | 8,000 | 1,484,600 | ||||||||||||||
| Finance lease liabilities, non-current portion | 4,467 | - | - | 4,467 | ||||||||||||||
| Total liabilities | 2,575,633 | 1,094,566 | 8,000 | 1,489,067 | ||||||||||||||
| Stockholders’ equity: | ||||||||||||||||||
| Preferred stock | - | - | - | - | ||||||||||||||
| Common stock (2) | 181 | - | - | 181 | ||||||||||||||
| Additional
paid-in capital (2) | 62,592,226 | - | ||||||||||||||||
| Accumulated other comprehensive loss | (156,165 | ) | (60,841 | ) | ) | |||||||||||||
| Accumulated (deficit) profit | (41,867,671 | ) | (a) (b) (c) | ) | ||||||||||||||
| Total Greenpro Capital Corp. stockholders’ equity | 20,568,571 | 516,324 | ||||||||||||||||
| Noncontrolling interests in consolidated subsidiary | 37,375 | - | - | 37,375 | ||||||||||||||
| Total stockholders’ equity | 20,605,946 | 516,324 | ||||||||||||||||
| TOTAL LIABILITIES AND STOCKHOLDERS’ EQUITY | $ | $ | 1,610,890 | $ | $ | |||||||||||||
| (2) | Issued and outstanding shares of common stock have been adjusted for the periods prior to August 6, 2026, to reflect the 1-for-10 reverse stock split effected on that date on a retroactive basis as described in Note 2. |
GREENPRO CAPITAL CORP.
UNAUDITED PRO FORMA CONDENSED CONSOLIDATED STATEMENT OF OPERATIONS
FOR THE SIX MONTHS ENDED JUNE 30, 2026
(In U.S. dollars, except share and per share data)
| Transaction Accounting Adjustments | ||||||||||||||||||
| GRNQ Historical Consolidated | F&A
Disposal (1) | Additional Transaction Accounting Adjustments | Notes | GRNQ Pro Forma | ||||||||||||||
| REVENUES: | ||||||||||||||||||
| Service revenue | $ | 559,355 | $ | 275,725 | $ | - | $ | 283,630 | ||||||||||
| Digital revenue | 115,923 | - | - | 115,923 | ||||||||||||||
| Rental revenue | 32,275 | - | - | 32,275 | ||||||||||||||
| Total revenues | 707,553 | 275,725 | - | 431,828 | ||||||||||||||
| COST OF REVENUES: | ||||||||||||||||||
| Cost of service revenue | (219,650 | ) | (139,655 | ) | - | (79,995 | ) | |||||||||||
| Cost of digital revenue | - | - | - | - | ||||||||||||||
| Cost of rental revenue | (7,269 | ) | - | - | (7,269 | ) | ||||||||||||
| Total cost of revenues | (226,919 | ) | (139,655 | ) | - | (87,264 | ) | |||||||||||
| GROSS PROFIT | 480,634 | 136,070 | - | 344,564 | ||||||||||||||
| OPERATING EXPENSES: | ||||||||||||||||||
| General and administrative expenses | (2,139,940 | ) | (1,320,025 | ) | - | (819,915 | ) | |||||||||||
| LOSS FROM OPERATIONS | (1,659,306 | ) | (1,183,955 | ) | - | (475,351 | ) | |||||||||||
| OTHER INCOME (EXPENSE): | ||||||||||||||||||
| Other income | 37,807 | - | ||||||||||||||||
| Interest income | 3,086 | 44 | - | 3,042 | ||||||||||||||
| Interest expense | (362 | ) | - | - | (362 | ) | ||||||||||||
| Fair value loss on digital assets | (2,184 | ) | - | - | (2,184 | ) | ||||||||||||
| Total other income | 38,347 | - | ||||||||||||||||
| LOSS BEFORE INCOME TAX | (1,620,959 | ) | - | |||||||||||||||
| Income tax expense | - | - | - | - | ||||||||||||||
| NET
| $ | (1,620,959 | ) | $ | $ | - | $ | |||||||||||
| NET LOSS PER SHARE, BASIC AND DILUTED (2) | $ | (1.22 | ) | - | - | $ | ) | |||||||||||
| WEIGHTED AVERAGE NUMBER OF COMMON STOCK OUTSTANDING, BASIC AND DILUTED (2) | 1,332,575 | - | - | 1,332,575 | ||||||||||||||
| (2) | Weighted average shares outstanding and per share amounts have been adjusted for the periods shown to reflect the 1-for-10 reverse stock split effected on August 6, 2026, on a retroactive basis as described in Note 2. |
GREENPRO CAPITAL CORP.
UNAUDITED PRO FORMA CONDENSED CONSOLIDATED STATEMENT OF OPERATIONS
FOR THE YEAR ENDED DECEMBER 31, 2025
(In U.S. dollars, except share and per share data)
| Transaction Accounting Adjustments | ||||||||||||||||||
| GRNQ Historical Consolidated | F&A
Disposal (1) | Additional Transaction Accounting Adjustments | Notes | GRNQ Pro Forma | ||||||||||||||
| REVENUES: | ||||||||||||||||||
| Service revenue | $ | 1,843,968 | $ | 1,351,675 | $ | - | $ | 492,293 | ||||||||||
| Digital revenue | 168,240 | - | - | 168,240 | ||||||||||||||
| Rental revenue | 61,349 | - | - | 61,349 | ||||||||||||||
| Total revenues | 2,073,557 | 1,351,675 | - | 721,882 | ||||||||||||||
| COST OF REVENUES: | ||||||||||||||||||
| Cost of service revenue | (351,491 | ) | (208,928 | ) | - | (142,563 | ) | |||||||||||
| Cost of digital revenue | (41,509 | ) | - | - | (41,509 | ) | ||||||||||||
| Cost of rental revenue | (14,393 | ) | - | - | (14,393 | ) | ||||||||||||
| Total cost of revenues | (407,393 | ) | (208,928 | ) | - | (198,465 | ) | |||||||||||
| GROSS PROFIT | 1,666,164 | 1,142,747 | - | 523,417 | ||||||||||||||
| OPERATING EXPENSES: | ||||||||||||||||||
| General and administrative expenses | (3,818,580 | ) | (1,826,876 | ) | - | (1,991,704 | ) | |||||||||||
| LOSS FROM OPERATIONS | (2,152,416 | ) | (684,129 | ) | - | (1,468,287 | ) | |||||||||||
| OTHER INCOME (EXPENSE): | ||||||||||||||||||
| Other income | 67,330 | 10,813 | - | 56,517 | ||||||||||||||
| Interest income | 9,251 | 549 | - | 8,702 | ||||||||||||||
| Gain on disposal of investment | 39,800 | - | - | 39,800 | ||||||||||||||
| Reversal of impairment of investment | 150 | - | - | 150 | ||||||||||||||
| Interest expense | (883 | ) | - | - | (883 | ) | ||||||||||||
| Impairment of property and equipment | (813,552 | ) | (813,552 | ) | - | - | ||||||||||||
| Impairment of real estate held for sale | (96,846 | ) | - | - | (96,846 | ) | ||||||||||||
| Impairment of other investments | (12,073 | ) | - | - | (12,073 | ) | ||||||||||||
| Impairment of goodwill | (6,035 | ) | - | - | (6,035 | ) | ||||||||||||
| Fair value loss on digital assets | (4,818 | ) | - | - | (4,818 | ) | ||||||||||||
| Total other expense | (817,676 | ) | (802,190 | ) | - | (15,486 | ) | |||||||||||
| LOSS BEFORE INCOME TAX | (2,970,092 | ) | (1,486,319 | ) | - | (1,483,773 | ) | |||||||||||
| Income tax expense | (12,241 | ) | (6,832 | ) | - | (5,409 | ) | |||||||||||
| NET LOSS | $ | (2,982,333 | ) | $ | (1,493,151 | ) | $ | - | $ | (1,489,182 | ) | |||||||
| NET LOSS PER SHARE, BASIC AND DILUTED (2) | $ | (3.72 | ) | - | - | $ | (1.86 | ) | ||||||||||
| WEIGHTED AVERAGE NUMBER OF COMMON STOCK OUTSTANDING, BASIC AND DILUTED (2) | 801,061 | - | - | 801,061 | ||||||||||||||
| (2) | Weighted average shares outstanding and per share amounts have been adjusted for the periods shown to reflect the 1-for-10 reverse stock split effected on August 6, 2026, on a retroactive basis as described in Note 2. |
GREENPRO CAPITAL CORP.
UNAUDITED PRO FORMA CONDENSED CONSOLIDATED STATEMENT OF OPERATIONS
FOR THE YEAR ENDED DECEMBER 31, 2024
(In U.S. dollars, except share and per share data)
| Transaction Accounting Adjustments | ||||||||||||||||||
| GRNQ Historical Consolidated | F&A
Disposal (1) | Additional Transaction Accounting Adjustments | Notes | GRNQ Pro Forma | ||||||||||||||
| REVENUES: | ||||||||||||||||||
| Service revenue | $ | 3,091,903 | $ | 2,501,412 | $ | - | $ | 590,491 | ||||||||||
| Digital revenue | 327,802 | - | - | 327,802 | ||||||||||||||
| Rental revenue | 76,700 | - | - | 76,700 | ||||||||||||||
| Total revenues | 3,496,405 | 2,501,412 | - | 994,993 | ||||||||||||||
| COST OF REVENUES: | ||||||||||||||||||
| Cost of service revenue | (355,120 | ) | (222,834 | ) | - | (132,286 | ) | |||||||||||
| Cost of digital revenue | (48,495 | ) | - | - | (48,495 | ) | ||||||||||||
| Cost of rental revenue | (22,825 | ) | - | - | (22,825 | ) | ||||||||||||
| Total cost of revenues | (426,440 | ) | (222,834 | ) | - | (203,606 | ) | |||||||||||
| GROSS PROFIT | 3,069,965 | 2,278,578 | - | 791,387 | ||||||||||||||
| OPERATING EXPENSES: | ||||||||||||||||||
| General and administrative expenses | (4,039,243 | ) | (1,822,306 | ) | - | (2,216,937 | ) | |||||||||||
| (LOSS) INCOME FROM OPERATIONS | (969,278 | ) | 456,272 | - | (1,425,550 | ) | ||||||||||||
| OTHER INCOME (EXPENSE): | ||||||||||||||||||
| Other income | 53,334 | 3,908 | - | 49,426 | ||||||||||||||
| Interest income | 19,161 | 1,484 | - | 17,677 | ||||||||||||||
| Gain on disposal of real estate held for investment | 21,634 | - | 21,634 | |||||||||||||||
| Gain on disposal of investments | 324,917 | - | - | 324,917 | ||||||||||||||
| Interest expense | (1,070 | ) | - | - | (1,070 | ) | ||||||||||||
| Impairment of other investments | (87,425 | ) | - | - | (87,425 | ) | ||||||||||||
| Impairment of goodwill | (82,561 | ) | - | - | (82,561 | ) | ||||||||||||
| Loss on disposal of investment | (100 | ) | - | - | (100 | ) | ||||||||||||
| Total other income | 247,890 | 5,392 | - | 242,498 | ||||||||||||||
| (LOSS) INCOME BEFORE INCOME TAX | (721,388 | ) | 461,664 | - | (1,183,052 | ) | ||||||||||||
| Income tax expense | (4,439 | ) | (4,439 | ) | - | - | ||||||||||||
| NET (LOSS) INCOME | (725,827 | ) | 457,225 | - | (1,183,052 | ) | ||||||||||||
| Net loss attributable to noncontrolling interests | 10,543 | - | 10,543 | |||||||||||||||
| NET
LOSS | $ | (715,284 | ) | $ | 457,225 | $ | $ | (1,172,509 | ) | |||||||||
| NET LOSS PER SHARE, BASIC AND DILUTED (2) | $ | (0.94 | ) | - | - | $ | (1.55 | ) | ||||||||||
| WEIGHTED AVERAGE NUMBER OF COMMON STOCK OUTSTANDING, BASIC AND DILUTED (2) | 757,581 | - | - | 757,581 | ||||||||||||||
| (2) | Weighted average shares outstanding and per share amounts have been adjusted for the periods shown to reflect the 1-for-10 reverse stock split effected on August 6, 2026, on a retroactive basis as described in Note 2. |
NOTES TO UNAUDITED PRO FORMA CONDENSED CONSOLIDATED FINANCIAL STATEMENTS
The unaudited pro forma condensed consolidated financial statements include the following pro forma adjustments:
F&A
| (1) | These
adjustments reflect the elimination of assets, liabilities and operations attributable to
|
| (2) | On July 13, 2026, the Company filed a Certificate of Change with the Secretary of State of the State of Nevada (the “Certificate of Change”) to effect a reverse split of the Company’s common stock at a ratio of 1-for-10 (the “Reverse Stock Split”), effective as of August 6, 2026. On that date, every 10 issued and outstanding shares of the Company’s common stock were automatically converted into one outstanding share of common stock. As a result of the Reverse Stock Split, the number of the outstanding shares of common stock decreased from 18,127,663 (pre-split) shares to 1,812,758 (post-split) shares. In addition, by reducing the number of outstanding shares, the Company’s loss per share in all prior periods increased by a factor of 10. The Reverse Stock Split affected all shares of common stock outstanding immediately prior to the effective time of the Reverse Stock Split. |
No fractional shares are issued in connection with the Reverse Stock Split. Stockholders who otherwise would be entitled to receive fractional shares because they hold a number of pre-reverse stock split shares of the Company’s common stock not evenly divisible by 10, in lieu of a fractional share, are entitled the number of shares rounded up to the nearest whole share. The Company will issue one whole share of the post-Reverse Stock Split common stock to any stockholder who otherwise would have received a fractional share as a result of the Reverse Stock Split.
As the par value per share of the Company’s common stock remained unchanged at $0.0001 per share, the change in the common stock recorded at par value has been reclassified to additional paid-in-capital on a retroactive basis. All references to shares of common stock and per share data for all periods presented in the accompanying unaudited pro forma condensed consolidated financial statements and notes thereto have been adjusted to reflect the Reverse Stock Split on a retroactive basis.
Additional Transaction Accounting Adjustments:
| (b) | Reflects an estimated $8,000 of Transaction advisory and professional fees to be incurred subsequent to June 30, 2026. |
| (c) | Reflects
an estimated loss of |