City Developments Limited - Annual Report 2025

Group Company Note 2025 2024 2025 2024 $’000 $’000 $’000 $’000 Equity attributable to owners of the Company Share capital 19 1,921,457 1,942,362 1,921,457 1,942,362 Reserves 20 7,670,111 7,145,929 5,183,821 5,168,458 9,591,568 9,088,291 7,105,278 7,110,820 Non-controlling interests 668,386 220,707 – – Total equity 10,259,954 9,308,998 7,105,278 7,110,820 Non-current liabilities Interest-bearing borrowings 21 10,220,530 8,717,481 7,672,641 6,556,534 Employee benefits 25 6,921 6,628 2,885 2,670 Lease liabilities 26 620,180 637,007 7,115 13,948 Derivative financial liabilities 11 12,438 10,128 10,957 8,074 Other liabilities 27 569,446 206,583 682 645,358 Provisions 28 1,299 1,277 – – Deferred tax liabilities 29 392,518 415,039 5,100 7,631 11,823,332 9,994,143 7,699,380 7,234,215 Current liabilities Trade and other payables 30 1,151,720 1,112,233 2,051,007 1,048,624 Derivative financial liabilities 11 16,928 7,325 16,928 7,142 Contract liabilities 15 283,735 271,975 – – Interest-bearing borrowings 21 3,175,777 4,595,668 2,822,519 3,776,393 Lease liabilities 26 37,870 26,411 6,832 6,482 Employee benefits 25 34,287 33,734 7,834 6,406 Provision for taxation 258,290 219,384 2,917 3,393 Provisions 28 4,228 37,016 – – 4,962,835 6,303,746 4,908,037 4,848,440 Liabilities directly associated with the assets held for sale 6 2,938 – – – 4,965,773 6,303,746 4,908,037 4,848,440 Total liabilities 16,789,105 16,297,889 12,607,417 12,082,655 Total equity and liabilities 27,049,059 25,606,887 19,712,695 19,193,475 The accompanying notes form an integral part of these financial statements. STATEMENTS OF FINANCIAL POSITION As at 31 December 2025 ANNUAL REPORT 2025 | 113

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