Company: RKLIF
Filing Date: 2025-07-31
Form Type: 6-K
Source: 0001654954-25-008672
Chunk: 30

Company: RENTOKIL INITIAL PLC /FI
Filing Date: 2025-07-31
Form: 6-K
Chunk 30
---
. A summary of one-off and adjusting items is set out below.

Net interest adjustments are other non-cash or one-off accounting gains and losses that can cause material fluctuations and distort understanding of the performance of the business, such as amortisation of discount on legacy provisions and gains and losses on hedge accounting.

Adjusted expenses are one-off and adjusting items, and Adjusted Interest. Adjusted profit measures used are Adjusted Operating Profit, Adjusted Profit Before and After Tax, and Adjusted EBITDA. Adjusted Earnings Per Share is also reported, derived from Adjusted Profit After Tax.

#### One-off and adjusting items
One-off and adjusting items of $110m (2024: $47m) includes an increase to the provision for Termite Damage claims of $79m (2024:$nil), $30m (2024: $39m) of integration costs related to the Terminix acquisition and a net $1m (2024: $8m) of other M&A costs.

#### Adjusted Interest
Adjusted Interest is calculated by adjusting the reported finance income and costs by net interest adjustments (amortisation of discount on legacy provisions and foreign exchange and hedge accounting ineffectiveness).

| Continuing operations                                 |  6 months to 
 30 June 2025 
           $m |  6 months to 
 30 June 2024 
           $m |
| Finance cost                                          |          117 |          122 |
| Finance income                                        |          -24 |          -31 |
| Add back:                                             |              |              |
| Amortisation on discount of legacy provisions         |           -6 |           -5 |
| Foreign exchange and hedge accounting ineffectiveness |           11 |           -3 |
| Adjusted Interest                                     |           98 |           83 |

#### Adjusted Operating Profit
Adjusted Operating Profit is calculated by adding back one-off and adjusting items, and amortisation and impairment of intangible assets excluding computer software to operating profit.

| Continuing operations                            |  6 months to 
 30 June 2025 
           $m |  6 months to 
 30 June 2024 
           $m |
| Operating profit                                 |          304 |          380 |
| Add back:                                        |              |              |
| One-off and adjusting items                      |          110 |           47 |
| Amortisation and impairment of intangible assets |           97 |          110 |
| Adjusted Operating Profit                        |