CONSOLIDATED BALANCE SHEET At 31 December 2025 Note 2025 £m Assets Investment property (owned) 3.1 4,220.4 Investment property (leased) 3.1 60.3 Investment property under development 3.1 438.4 Investment in joint ventures 3.3b 1,317.3 Other non-current assets 3.2b 21.6 Interest rate swaps 4.2 26.9 Right-of-use assets 3.2a 8.3 Deferred tax asset 2.5d 11.2 Total non - current assets 6,104.4 Assets classified as held for sale 3.1 - Interest rate swaps 4.2 17.1 Inventories 5.4 Trade and other receivables 5.2 138.0 Cash and cash equivalents 5.1 35.8 Total current assets 196.3 Total assets 6,300.7 Liabilities Lease liabilities 4.6a (5.8) Trade and other payables 5.4 (230.2) Current tax liability (6.2) Provisions - Total current liabilities (242.2) Borrowings 4.1 (1,256.2) Lease liabilities 4.6a (68.5) Total non - current liabilities (1,324.7) Total liabilities (1,566.9) Net assets 4,733.8 Equity Issued share capital 4.8 122.5 Share premium 4.8 2,876.6 Merger reserve 40.2 Retained earnings 1,693.8 Hedging reserve 0.7 Equity attributable to owners of the Parent Company 4,733.8 The financial statements of The Unite Group PLC, registered number 03199160, were approved and authorised for issue by the Board of Directors on 24 February 2026 and were signed on its behalf by: Joe Lister Mike Burt Director Director 2024 £m 4,025.5 71.8 451.4 1,265.0 14.8 46.0 4.7 8.2 5,887.4 92.6 7.4 13.6 144.6 274.3 532.5 6,419.9 (6.0) (255.5) (1.2) (5.1) (267.8) (1,273.8) (66.8) (1,340.6) (1,608.4) 4,811.5 122.2 2,876.9 40.2 1,770.8 1.4 4,811.5 THE UNITE GROUP PLC Annual Report and Accounts 2025 148 FINANCIAL STATEMENTS