Heriot REIT Balance Sheet

Financials in millions ZAR. Fiscal year is July - June.

Millions ZAR. Fiscal year is Jul - Jun.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun '25 Jun 30, 2025	Jun '24 Jun 30, 2024	Jun '23 Jun 30, 2023	Jun '22 Jun 30, 2022	Jun '21 Jun 30, 2021
Property, Plant & Equipment	12,675	11,495	9,018	5,111	4,668
Cash & Equivalents	121.45	69.03	45.7	122.96	110.3
Accounts Receivable	33.25	37.35	20.18	5.72	5
Other Receivables	306.89	21.21	10.6	25.69	18.34
Investment In Debt and Equity Securities	190.55	212.87	1.02	-	38.48
Loans Receivable Current	-	-	-	49.57	50.31
Other Current Assets	227.28	237.52	321.54	13.88	18.16
Trading Asset Securities	-	0.16	1.62	-	-
Other Long-Term Assets	53.92	101.09	78.56	367.67	39.87
Total Assets	13,608	12,174	9,498	5,697	4,948
Current Portion of Long-Term Debt	312.75	164.93	649.24	247.06	436.93
Current Portion of Leases	0.98	0.82	0.99	-	-
Long-Term Debt	4,989	4,888	3,225	1,969	1,397
Long-Term Leases	1.17	2.15	4.53	-	-
Accounts Payable	4.71	6.41	1.24	1.63	3.63
Accrued Expenses	141.73	115.8	93.87	63.01	50
Current Income Taxes Payable	-	0.07	0.4	-	0.03
Current Unearned Revenue	27.4	24.34	33.03	11.85	13.5
Other Current Liabilities	57.71	86.22	108.31	20.69	18.49
Long-Term Deferred Tax Liabilities	92.91	104.07	76.29	62.09	63.73
Total Liabilities	5,629	5,393	4,193	2,375	1,984
Common Stock	3,469	3,478	2,558	2,558	2,558
Treasury Stock	-	-9	-9	-9	-9
Comprehensive Income & Other	3,221	2,205	1,405	730.47	369.39
Total Common Equity	6,690	5,673	3,954	3,279	2,918
Minority Interest	1,290	1,107	1,351	42.39	46.55
Shareholders' Equity	7,979	6,781	5,304	3,321	2,965
Total Liabilities & Equity	13,608	12,174	9,498	5,697	4,948
Total Debt	5,304	5,056	3,880	2,216	1,834
Net Cash (Debt)	-5,183	-4,987	-3,833	-2,093	-1,724
Net Cash Per Share	-16.23	-19.50	-15.01	-8.19	-6.75
Filing Date Shares Outstanding	319.26	319.26	255.4	255.4	255.4
Total Common Shares Outstanding	319.26	319.26	255.4	255.4	255.4
Book Value Per Share	20.95	17.77	15.48	12.84	11.43
Tangible Book Value	6,690	5,673	3,954	3,279	2,918
Tangible Book Value Per Share	20.95	17.77	15.48	12.84	11.43
Construction In Progress	238.41	92.53	91.35	129.26	109.24

Updated Jun 30, 2025. Source: S&P Global Market Intelligence. Real Estate template. Financial Sources.