City Developments Limited - Annual Report 2025

Share capital Treasury shares Capital reserve Fair value reserve $’000 $’000 $’000 $’000 Group At 1 January 2024 1,965,589 – 231,426 68,842 Total comprehensive income for the year Profit for the year – – – – Other comprehensive income Defined benefit plan remeasurements – – – – Changes in fair value of equity investments at FVOCI – – – (7,215) Effective portion of changes in fair value of cash flow hedges – – – – Net change in fair value of cash flow hedges reclassified to profit or loss – – – – Exchange differences on hedges of net investment in foreign operations – – – – Exchange differences on monetary items forming part of net investments in foreign operations – – – – Share of translation differences of equity-accounted investees – – – – Share of other comprehensive income of equity-accounted investees – – – – Translation differences arising on consolidation of foreign operations – – – – Total other comprehensive income – – – (7,215) Total comprehensive income for the year – – – (7,215) Transactions with owners, recorded directly in equity Contributions by and distributions to owners Capital contribution by non-controlling interests (net) – – – – Dividends paid to owners of the Company 35 – – – – Dividends paid to non-controlling interests – – – – Share-based payment transactions – – – – Purchase of treasury shares – (79,399) – – Purchase and cancellation of preference shares 19 (23,227) – – – Total contributions by and distributions to owners (23,227) (79,399) – – Changes in ownership interests in subsidiaries Changes in interests in subsidiaries without loss of control 39 – – 33,013 – Total changes in ownership interests in subsidiaries – – 33,013 – Total transactions with owners (23,227) (79,399) 33,013 – Transfers – – 7,089 – At 31 December 2024 1,942,362 (79,399) 271,528 61,627 The accompanying notes form an integral part of these financial statements. CONSOLIDATED STATEMENT OF CHANGES IN EQUITY Year ended 31 December 2025 118 | CITY DEVELOPMENTS LIMITED

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