COMPANY STATEMENT OF CHANGES IN SHAREHOLDERS’ EQUITY For the year ended 31 December 2025 Note Issued share capital Share premium Merger reserve Hedging reserve Retained earnings Total £m £m £m £m £m £m At 1 January 2025 122.2 2,876.9 40.2 0.9 1,770.9 4,811.1 Profit and total comprehensive income for the year - - - (0.2) 98.2 98.0 Shares issued 4.8 0.3 (0.3) - - - - Dividends to shareholders 4.9 - - - - (175.3) (175.3) At 31 December 2025 122.5 2,876.6 40.2 0.7 1,693.8 4,733.8 The notes on pages 152 to 197 form part of the financial statements. CONSOLIDATED STATEMENT OF CASH FLOWS For the year ended 31 December 2025 2025 Note £m Net cash flows from operating activities 5.1 166.5 Investing activities (Investment in joint ventures) / Redemption of units (11.7) Payments for investment property - Capital expenditure on properties (242.5) Acquisition of intangible assets (8.6) Acquisition of plant and equipment (4.2) Proceeds from sale of investment property 91.0 Interest received 6.1 Dividends received 29.5 Net cash flows used in investing activities (140.4) Financing activities Proceeds from the issue of share capital - Payments to acquire own shares (0.8) Interest paid in respect of financing activities (47.5) Repayment of lease liabilities (12.9) Swap cancellation and loan break costs - Purchase of Swap Premium (13.1) Proceeds from non-current borrowings 135.0 Repayment of borrowings (150.0) Dividends paid to the owners of the Parent Company (153.7) Withholding tax paid on distributions (21.6) Net cash flows from financing activities (264.6) Net increase/(decrease) in cash and cash equivalents (238.5) Cash and cash equivalents at start of year 274.3 Cash and cash equivalents at end of year 35.8 Issued share capital Sha re premiu m Merger reserve Hedging reserve Retained earnings Total Note £m £m £m £m £m £m At 1 January 2024 109.4 2,447.7 40.2 1.1 1,494.7 4,093.1 Profit and total comprehensive income for the year - - - - 414.0 414.0 Shares issued 4.8 12.8 429.2 - - - 442.0 Unwind of realised swap gain - - - (0.2) - (0.2) Dividends to shareholders 4.9 - - - - (137.8) (137.8) At 31 December 2024 122.2 2,876.9 40.2 0.9 1,770.9 4,811.1 2024 £m 216.4 27.9 (347.8) (267.9) (5.1) (2.5) 123.1 16.7 27.6 (428.0) 442.0 (1.5) (35.6) (8.8) (3.1) - 543.7 (350.5) (124.2) (13.6) 448.4 236.8 37.5 274.3 THE UNITE GROUP PLC Annual Report and Accounts 2025 151