Globe International : Annual report for the financial year ended 30 June 2022

ABN: 65007066033

Globe Brand

GLOBE INTERNATIONAL ANNUAL REPORT | 2022

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Globe Brand

Welcome

Globe International Limited is a global producer and distributor specializing in purpose-built apparel, footwear and hardgoods for the boardsports, street fashion, outdoor and workwear markets. Globe International has offices, distribution hubs and manufacturing centres in Melbourne, Los Angeles, Newport Beach, San Diego, Hossegor and Shenzhen. Its products are sold in over one hundred countries around the world. Globe International's proprietary brands include

Globe, Salty Crew, FXD, Impala Skate and Milkbar Bikes. The company is listed on the Australian Securities Exchange and has three operating segments: Australasia, North America and Europe. Globe International brands are sold direct to consumers, retailers and by third party distributors around the world. The company has a select number of branded retail stores in various strategic neighbourhoods along with a full suite of e-commerce based offerings. Globe International also maintains

diverse licensing and distribution businesses of leading third party owned brands for the Australian and New Zealand market operating under its Hardcore Distribution, Hardcore Optics and 4Front divisions. Currently, Hardcore Distribution carries over thirty brands including Girl, Almost, Blind, Enjoi, Lakai, Chocolate, Flip and Thrasher, Hardcore Optics distributes Szade, RAEN and CHIMI eye ware, while 4Front licences and distributes Stüssy, MISFIT, Xlarge, X-Girl and Obey.

Salty Crew

GLOBE INTERNATIONAL ANNUAL REPORT | 2022

Contents

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Heritage	005
Globe Brand	007
Impala Skate	013
Salty Crew	019
FXD Workwear	025
Hardcore Distribution	031
4Front Distribution	033
Hardcore Optics	035
Milkbar Bikes	037
dot Boards	039
Worldwide Locations and Flagship Retail	041
Environmental and Social Responsibility	043
Chief Executive Officer's Letter to Shareholders	045
Financial Report	047
The Directors' Report	047
Auditor's Independence Declaration	063
Financial Statements	065
Directors' Declaration	121
Independent Auditor's Report	123
Stock Exchange and Investor Information	129
Company Particulars	133

The financial report includes the consolidated financial statements of the consolidated entity consisting of Globe International Limited and its subsidiaries. Unless otherwise noted, all financial information relates to the consolidated entity.

Globe International Limited is a company limited by shares, incorporated and domiciled in Australia. The address of the Company's registered office is 1 Fennell Street, Port Melbourne, Victoria, 3207. The financial statements are presented in Australian currency and were authorised for issue by the directors on 26 August 2022. The Company has

the power to amend and re-issue these financial statements.

Globe International Limited's 2022 Corporate Governance Statement can be viewed on our website at:

https://globecorporate.com/investors/#governance