Land Securities Group 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	41	42	7	9	11	13
Cash & Equivalents	97	39	78	41	146	-
Accounts Receivable	586	324	258	261	265	311
Other Receivables	-	74	50	41	69	19
Investment In Debt and Equity Securities	-	9	8	2	1	5
Goodwill	-	-	-	1	1	1
Other Intangible Assets	3	3	3	5	7	7
Restricted Cash	13	5	-	-	-	3
Other Current Assets	360	279	188	188	188	68
Other Long-Term Assets	10,484	10,846	10,072	10,418	12,207	10,563
Total Assets	11,584	11,621	10,664	10,966	12,895	10,990
Current Portion of Long-Term Debt	20	6	292	-	-	-
Current Portion of Leases	2	2	2	3	-	-
Long-Term Debt	3,583	3,648	2,735	3,119	3,889	2,549
Long-Term Leases	134	156	75	104	123	61
Accounts Payable	346	30	56	14	26	12
Accrued Expenses	-	155	90	88	75	38
Current Unearned Revenue	-	129	134	133	104	93
Other Current Liabilities	46	136	98	95	126	116
Long-Term Deferred Tax Liabilities	-	-	-	4	7	2
Other Long-Term Liabilities	83	77	54	22	13	1
Total Liabilities	5,149	5,089	4,217	3,894	4,904	3,778
Common Stock	80	80	80	80	80	80
Additional Paid-In Capital	319	319	319	318	317	317
Retained Earnings	6,019	6,085	5,980	6,594	7,511	6,787
Comprehensive Income & Other	16	30	23	13	9	28
Total Common Equity	6,434	6,514	6,402	7,005	7,917	7,212
Minority Interest	1	18	45	67	74	-
Shareholders' Equity	6,435	6,532	6,447	7,072	7,991	7,212
Total Liabilities & Equity	11,584	11,621	10,664	10,966	12,895	10,990
Total Debt	4,674	4,562	3,785	3,538	4,553	3,516
Net Cash (Debt)	-4,577	-4,523	-3,707	-3,497	-4,407	-3,516
Net Cash Per Share	-6.13	-6.05	-5.00	-4.73	-5.94	-4.75
Filing Date Shares Outstanding	744	742.88	741.77	741.54	740.6	740.25
Total Common Shares Outstanding	744	742.88	741.77	741.54	740.6	740.25
Book Value Per Share	8.65	8.77	8.63	9.45	10.69	9.74
Tangible Book Value	6,431	6,511	6,399	6,999	7,909	7,204
Tangible Book Value Per Share	8.64	8.76	8.63	9.44	10.68	9.73

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