Heriot REIT Balance Sheet

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

Millions ZAR. Fiscal year is Jul - Jun.

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec '25 Dec 31, 2025	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	13,120	12,675	11,495	9,018	5,111	4,668
Cash & Equivalents	194.22	121.45	69.03	45.7	122.96	110.3
Accounts Receivable	110.27	33.25	37.35	20.18	5.72	5
Other Receivables	0.44	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	114.94	227.28	237.52	321.54	13.88	18.16
Trading Asset Securities	-	-	0.16	1.62	-	-
Other Long-Term Assets	282.91	53.92	101.09	78.56	367.67	39.87
Total Assets	13,823	13,608	12,174	9,498	5,697	4,948
Current Portion of Long-Term Debt	749.93	312.75	164.93	649.24	247.06	436.93
Current Portion of Leases	1.07	0.98	0.82	0.99	-	-
Long-Term Debt	5,256	4,989	4,888	3,225	1,969	1,397
Long-Term Leases	0.6	1.17	2.15	4.53	-	-
Accounts Payable	212.6	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	14.39	57.71	86.22	108.31	20.69	18.49
Long-Term Deferred Tax Liabilities	97.69	92.91	104.07	76.29	62.09	63.73
Total Liabilities	6,333	5,629	5,393	4,193	2,375	1,984
Common Stock	3,469	3,469	3,478	2,558	2,558	2,558
Treasury Stock	-	-	-9	-9	-9	-9
Comprehensive Income & Other	3,955	3,221	2,205	1,405	730.47	369.39
Total Common Equity	7,423	6,690	5,673	3,954	3,279	2,918
Minority Interest	66.69	1,290	1,107	1,351	42.39	46.55
Shareholders' Equity	7,490	7,979	6,781	5,304	3,321	2,965
Total Liabilities & Equity	13,823	13,608	12,174	9,498	5,697	4,948
Total Debt	6,008	5,304	5,056	3,880	2,216	1,834
Net Cash (Debt)	-5,814	-5,183	-4,987	-3,833	-2,093	-1,724
Net Cash Per Share	-18.21	-16.23	-19.50	-15.01	-8.19	-6.75
Filing Date Shares Outstanding	319.26	319.26	319.26	255.4	255.4	255.4
Total Common Shares Outstanding	319.26	319.26	319.26	255.4	255.4	255.4
Book Value Per Share	23.25	20.95	17.77	15.48	12.84	11.43
Tangible Book Value	7,423	6,690	5,673	3,954	3,279	2,918
Tangible Book Value Per Share	23.25	20.95	17.77	15.48	12.84	11.43
Construction In Progress	-	238.41	92.53	91.35	129.26	109.24

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