British Land Company Balance Sheet

Financials in millions GBP. Fiscal year is April - March.

Millions GBP. Fiscal year is Apr - Mar.

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Sep '25 Sep 30, 2025	Mar '25 Mar 31, 2025	Mar '24 Mar 31, 2024	Mar '23 Mar 31, 2023	Mar '22 Mar 31, 2022	Mar '21 Mar 31, 2021
Property, Plant & Equipment	6,283	6,146	5,248	5,699	7,059	6,358
Cash & Equivalents	86	57	88	125	111	154
Accounts Receivable	44	28	22	22	49	38
Other Receivables	-	-	-	2	3	-
Investment In Debt and Equity Securities	1,109	1,242	1,192	981	761	804
Other Intangible Assets	7	7	8	8	9	12
Other Current Assets	22	52	34	34	29	44
Trading Asset Securities	23	9	20	-	-	-
Other Long-Term Assets	1,420	1,334	1,362	1,419	1,889	1,465
Total Assets	8,994	8,875	7,974	8,290	9,910	8,875
Current Portion of Long-Term Debt	371	313	10	402	189	161
Current Portion of Leases	7	7	6	6	6	5
Long-Term Debt	2,446	2,473	2,258	1,932	2,523	2,377
Long-Term Leases	104	107	121	120	125	128
Accounts Payable	-	69	85	113	74	55
Accrued Expenses	-	104	97	60	70	93
Current Income Taxes Payable	8	6	8	25	25	7
Current Unearned Revenue	-	47	42	52	66	62
Other Current Liabilities	238	36	30	26	37	4
Long-Term Unearned Revenue	-	-	-	25	27	-
Long-Term Deferred Tax Liabilities	1	3	5	4	-	-
Total Liabilities	3,175	3,165	2,662	2,765	3,142	2,892
Common Stock	253	253	235	234	234	234
Additional Paid-In Capital	1,591	1,589	1,310	1,308	1,307	1,307
Retained Earnings	3,751	3,642	3,528	3,742	4,994	4,154
Comprehensive Income & Other	224	226	226	228	218	229
Total Common Equity	5,819	5,710	5,299	5,512	6,753	5,924
Minority Interest	-	-	13	13	15	59
Shareholders' Equity	5,819	5,710	5,312	5,525	6,768	5,983
Total Liabilities & Equity	8,994	8,875	7,974	8,290	9,910	8,875
Total Debt	2,928	2,900	2,395	2,460	2,843	2,671
Net Cash (Debt)	-2,819	-2,834	-2,287	-2,335	-2,732	-2,517
Net Cash Per Share	-2.82	-2.94	-2.47	-2.52	-2.94	-2.72
Filing Date Shares Outstanding	999.76	999.15	927.49	927.06	926.84	926.71
Total Common Shares Outstanding	999.76	999.15	927.49	927.06	926.84	926.71
Book Value Per Share	5.82	5.71	5.71	5.95	7.29	6.39
Tangible Book Value	5,812	5,703	5,291	5,504	6,744	5,912
Tangible Book Value Per Share	5.81	5.71	5.70	5.94	7.28	6.38

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