Company: LBTYK
Filing Date: 2025-03-25
Form Type: 10-K/A
Source: 0001570585-25-000097
Chunk: 73

Company: Liberty Global Ltd.
Filing Date: 2025-03-25
Form: 10-K/A
Chunk 73
---
 our segment expenses, primarily our programming and other direct costs of services, other operating expenses and SG&A expenses, see the consolidated statements of operations and note 14. The information presented in the consolidated financial statements is consistent with the information reviewed by our CODM. Further details regarding segment expenses reconciling our net earnings (loss) to Adjusted EBITDA include:

Depreciation and amortisation expense

Our depreciation and amortisation expense was £2,591.3 million, £2,969.3 million and £3,320.7 million during 2024, 2023 and 2022, respectively. Depreciation and amortisation expense decreased £378.0 million or 12.7% during 2024, as compared to 2023, and decreased £351.4 million or 10.6% during 2023, as compared to 2022. These decreases are primarily due to decreases associated with certain assets becoming fully depreciated.

Impairment, restructuring and other operating expense

Our impairment, restructuring and other operating expense was £79.6 million, £2,477.2 million and £3,120.9 million during 2024, 2023 and 2022, respectively. Our impairment, restructuring and other operating expense decreased £2,397.6 million or 96.8% during 2024, as compared to 2023, and decreased £643.7 million or 20.6% during 2023, as compared to 2022. The main

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#### VMED O2 UK LIMITED

### Notes to Consolidated Financial Statements — (Continued)

#### 31 December 2024, 2023 and 2022
driver of the impairment, restructuring and other operating expense is the goodwill impairment of £2,344.0 million in 2023 and £3,058.0 million in 2022, thus the movements are primarily attributable to the goodwill impairment charges.

Interest expense

Our interest expense was £1,279.1 million, £1,210.0 million and £821.4 million during 2024, 2023 and 2022, respectively. Our interest expense increased £69.1 million or 5.7% during 2024, as compared to 2023, and increased £388.6 million or 47.3% during 2023, as compared to 2022. This increases primarily relates