Company: KW
Filing Date: 2025-08-07
Form Type: 10-Q
Source: 0001408100-25-000147
Chunk: 303

Company: Kennedy-Wilson Holdings, Inc.
Filing Date: 2025-08-07
Form: 10-Q
Item: Part I, Item 8
Chunk 303
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 Income

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 three months ended June 30, 2025 and 2024.  

Three Months Ended June 30,(Dollars in millions)20252024Net loss attributable to Kennedy-Wilson Holdings, Inc. common shareholders$(6.4)$(59.1)Unrealized foreign currency translation gains (losses), net of noncontrolling interests and tax58.1 (2.9)Amounts reclassified out of accumulated other comprehensive loss during the period3.0 — Unrealized foreign currency derivative contract (losses) gains, net of noncontrolling interests and tax(37.1)5.2 Comprehensive income (loss) attributable to Kennedy-Wilson Holdings, Inc. common shareholders$17.6 $(56.8)

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

Three Months Ended June 30,20252024Euro9.0 %(0.3)%GBP6.1 %0.8 %

Comprehensive income (loss), net of taxes and noncontrolling interests, for the three months ended June 30, 2025 and 2024 was income of $17.6 million and a loss of $56.8 million, respectively.  The Company experienced net unrealized gains on foreign currency through other comprehensive income for the period due to strengthening of the euro against the GBP and the U.S. Dollar.  These translation gains were offset by hedge losses the Company has on its GBP denominated investments. 

60

Kennedy Wilson Consolidated Financial Results: Six Months Ended June 30, 2025 Compared to the Six Months Ended June 30, 2024 

Six Months Ended June 30, 2025(Dollars in millions)ConsolidatedCo-InvestmentsTotalSegment RevenueRental$190.6 $— $190.6 Investment management fees— 61.4 61.4 Loans