Company: LBTYK
Filing Date: 2025-05-02
Form Type: 10-Q
Source: 0001570585-25-000114
Chunk: 53

Company: Liberty Global Ltd.
Filing Date: 2025-05-02
Form: 10-Q
Item: Item 8
Chunk 53
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 the Vodafone shares. Under the terms of the Vodafone Collar, the counterparty has the right to re-use pledged Vodafone shares. At March 31, 2025 and December 31, 2024, the net fair value of our investment in Vodafone was $99.9 million and $89.3 million, respectively.(h)Our investment in Plume includes warrants with a fair value of $23.0 million and $24.5 million at March 31, 2025 and December 31, 2024, respectively. (i)The purchase and sale of investments are presented on a gross basis in our condensed consolidated statements of cash flows, including amounts associated with SMAs.Equity Method InvestmentsThe following table sets forth the details of our share of results of affiliates, net: Three months endedMarch 31, 20252024 in millionsVMO2 JV (a)$(86.6)$0.7 VodafoneZiggo JV (b)(22.6)6.6 AtlasEdge JV(16.0)(9.1)nexfibre JV(12.6)12.4 Formula E (c)— (4.5)All3Media Ltd. (All3Media) (d)— (10.1)Other, net(10.2)(3.0)Total$(148.0)$(7.0)_______________(a)Represents (i) our 50% share of the results of operations of the VMO2 JV and (ii) for the 2024 period, 100% of the 

15

LIBERTY GLOBAL LTD.Notes to Condensed Consolidated Financial Statements — (Continued)March 31, 2025(unaudited)

share-based compensation expense associated with Liberty Global awards granted to VMO2 JV employees who were formerly employees of Liberty Global prior to the VMO2 JV formation, as these awards remain our responsibility.(b)Represents (i) our 50% share of the results of operations of the VodafoneZiggo JV and (ii) 100% of the interest income earned on the VodafoneZiggo JV Receivables.(c)Includes our share of results of Formula E prior to the Formula E Acquisition Date.(d)We completed the sale of our investment in All3Media during the second quarter of 2024. VMO2 JV Pursuant to an agreement (the U