Company: KW
Filing Date: 2025-08-07
Form Type: 10-Q
Source: 0001408100-25-000147
Chunk: 314

Company: Kennedy-Wilson Holdings, Inc.
Filing Date: 2025-08-07
Form: 10-Q
Item: Part I, Item 8
Chunk 314
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ible executive compensation under IRC Section 162(m) and additional valuation allowance against the Company's deferred tax asset on the outside basis difference of its investment in KWE.

    Other Comprehensive Income (Loss)

The two major components that drive the change in other comprehensive loss are the change in foreign currency rates and the gain or loss of any associated foreign currency hedges. Please refer to the Currency Risk - Foreign Currencies section in Item 3 for a discussion of our risks relating to foreign currency and our hedging strategy.  Below is a table that details the activity for the six months ended June 30, 2025 and 2024.  

Six Months Ended June 30,(Dollars in millions)20252024Net loss attributable to Kennedy-Wilson Holdings, Inc. common shareholders$(47.2)$(32.2)Unrealized foreign currency translation gain (loss), net of noncontrolling interests and tax84.6 (20.2)Amounts reclassified out of accumulated other comprehensive loss during the period3.0 5.2 Unrealized foreign currency derivative contract (loss) gain, net of noncontrolling interests and tax(49.0)15.0 Comprehensive loss attributable to Kennedy-Wilson Holdings, Inc. common shareholders$(8.6)$(32.2)

The main currencies that we have exposure to are the euro and pound sterling.  The table below represents the change in rates over the six months ended June 30, 2025 and 2024 as compared to the U.S. Dollar:

Six Months Ended June 30,20252024Euro13.6 %(2.9)%GBP9.6 %(0.7)%

Comprehensive loss, net of taxes and noncontrolling interests, for the six months ended June 30, 2025 and 2024 was $8.6 million and $32.2 million, respectively.  The Company experienced net unrealized gains on foreign currency through other comprehensive income for the period due to the strengthening of the Euro and GBP against the US Dollar in the period.  Hedge 

67

losses were due to hedges the Company held on GBP investments and KWE held on its Euro denominated investments. 

Liquidity and Capital Resources

    Our liquidity and capital resources requirements include acquisitions of real estate and real estate related assets, funding development projects, loan draws (particularly on our construction loan business), capital expenditures for consolidated real estate and unconsolid