2025 Note £m Rental income 2.4 307.7 Other income 2.4 25.1 Total revenue 332.8 Costs of sales (96.8) Operating expenses (57.9) Expected credit losses (2.6) Results from operating activities before (losses)/gains on property 175.5 Loss on disposal of property (1.3) Write-off of inventories and other fixed assets (12.0) Net valuation (losses)/gains on property (owned and under development) 3.1 (72.3) Net valuation losses on property (leased) 3.1 (12.9) Profit before net financing (costs)/gains and share of joint venture profit 77.0 Loan interest and similar charges 4.3 (13.0) Interest on lease liability 4.3 (7.6) Mark to market changes in interest rate swaps 4.3 (22.5) Swap cancellation and loan break costs 4.3 - Finance costs (43.1) Finance income 4.3 6.1 Net financing costs (37.0) Share of joint venture profit 3.3b 57.7 Profit before tax 97.7 Current tax 2.5a (3.1) Deferred tax 2.5a 3.0 Profit for the year 97.6 Profit for the year attributable to Owners of the Parent Company 97.6 Non-controlling interest - 97.6 Earnings per share Basic 2.2c 19.9 Diluted 2.2c 19.9 All results are derived from continuing activities. CONSOLIDATED STATEMENT OF COMPREHENSIVE INCOME For the year ended 31 December 2025 Note 2025 £m Profit for the year 97.6 Share of joint venture movements in effective hedges 3.3b (0.5) Other comprehensive income for the year (0.5) Total comprehensive income for the year 97.1 Attributable to Owners of the Parent Company 97.1 Non-controlling interest - 97.1 All other comprehensive income may be classified as profit and loss in the future. There are no tax effects on items of other comprehensive income. CONSOLIDATED INCOME STATEMENT For the year ended 31 December 2025 2024 £m 282.0 17.3 299.3 (86.4) (43.9) (0.9) 168.1 (9.8) - 186.7 (1.9) 343.1 (19.4) (8.8) (0.4) (3.1) (31.7) 16.7 (15.0) 115.9 444.0 (4.8) 2.6 441.8 441.9 (0.1) 441.8 96.3 96.1 2024 £m 441.8 (2.3) (2.3) 439.5 439.6 (0.1) 439.5 THE UNITE GROUP PLC Annual Report and Accounts 2025 147