Equites Property Fund Balance Sheet

Financials in millions ZAR. Fiscal year is March - February.

Millions ZAR. Fiscal year is Mar - Feb.

Fiscal Year	FY 2026	FY 2025	FY 2024	FY 2023	FY 2022
Period Ending	Feb '26 Feb 28, 2026	Feb '25 Feb 28, 2025	Feb '24 Feb 29, 2024	Feb '23 Feb 28, 2023	Feb '22 Feb 28, 2022
Property, Plant & Equipment	29.57	24,478	24,227	23,786	24,987
Total Real Estate Assets	29.57	24,478	24,227	23,786	24,987
Cash & Equivalents	2,081	1,527	493.25	257.69	570.14
Accounts Receivable	477.64	1,038	390.72	271.35	67.84
Other Receivables	-	-	-	1.68	113.62
Investment In Debt and Equity Securities	64.95	100.98	205.37	276.67	165.28
Loans Receivable Current	5.39	11.65	3.01	2.9	10.46
Other Current Assets	5,982	1,861	3,113	3,086	1,116
Deferred Long-Term Tax Assets	-	0.01	3.58	3.29	162.77
Other Long-Term Assets	22,760	1,526	1,787	859.99	547
Total Assets	31,400	30,542	30,223	28,545	27,740
Current Portion of Long-Term Debt	3,722	1,529	2,632	3,618	1,026
Current Portion of Leases	-	27.77	32.9	37.49	38.64
Long-Term Debt	6,142	10,305	9,468	7,591	7,974
Accounts Payable	376.29	786.27	856.5	435.14	533.73
Current Income Taxes Payable	8.21	3.46	2.15	-	-
Other Current Liabilities	2,535	14.42	26.89	339.78	88.88
Long-Term Deferred Tax Liabilities	-	198.21	151.42	129.71	441.19
Other Long-Term Liabilities	153.71	121.3	107.86	122.07	125.53
Total Liabilities	12,937	12,985	13,278	12,273	10,229
Common Stock	13,549	12,965	12,258	12,136	12,171
Retained Earnings	296.45	-208.13	-99.99	-49.51	1,881
Comprehensive Income & Other	627.81	1,016	1,226	800.61	400.01
Total Common Equity	14,473	13,772	13,383	12,888	14,452
Minority Interest	3,990	3,785	3,562	3,384	3,060
Shareholders' Equity	18,463	17,557	16,945	16,272	17,512
Total Liabilities & Equity	31,400	30,542	30,223	28,545	27,740
Total Debt	9,864	11,862	12,133	11,247	9,039
Net Cash (Debt)	-7,783	-10,334	-11,640	-10,989	-8,469
Net Cash Per Share	-10.02	-12.61	-14.74	-14.17	-12.21
Filing Date Shares Outstanding	711.48	835.18	780.68	773.89	776.57
Total Common Shares Outstanding	711.48	835.18	780.68	774.05	776.57
Book Value Per Share	20.34	16.49	17.14	16.65	18.61
Tangible Book Value	14,473	13,772	13,383	12,888	14,452
Tangible Book Value Per Share	20.34	16.49	17.14	16.65	18.61
Land	-	1.55	156.01	-	-
Buildings	-	9.1	8.29	-	-

Source: S&P Global Market Intelligence. Real Estate template. Financial Sources.