Company: LBTYK
Filing Date: 2025-10-30
Form Type: 10-Q
Source: 0001570585-25-000223
Chunk: 71

Company: Liberty Global Ltd.
Filing Date: 2025-10-30
Form: 10-Q
Item: Item 8
Chunk 71
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7 (10.5)0.4 (20.6)Pax8 (b)— (24.8)— (27.9)Lacework (c)— (0.2)— (75.8)Other, net(6.9)(14.6)(38.5)(37.5)Total$64.4 $(45.6)$175.5 $37.7 ______________(a)Amounts represent the change in fair value of our investment in Lionsgate, both before and after the Lionsgate Separation. Following the Lionsgate Separation, changes in fair value related to our investment in Starz are included in ‘Other, net’ in the above table.(b)We completed the sale of our investment in Pax8 during the fourth quarter of 2024.(c)We completed the sale of our investment in Lacework during the third quarter of 2024.

20

LIBERTY GLOBAL LTD.Notes to Condensed Consolidated Financial Statements — (Continued)September 30, 2025(unaudited)

Debt Securities The following table sets forth a summary of our debt securities recorded within SMAs at September 30, 2025 and December 31, 2024:September 30, 2025December 31, 2024Amortized cost basisAccumulated unrealized gains (losses)Fair valueAmortized cost basisAccumulated unrealized gainsFair valuein millionsCommercial paper$— $— $— $72.0 $(0.1)$71.9 Government bonds— — — 129.4 0.4 129.8 Certificates of deposit— — — 70.5 — 70.5 Corporate debt securities— — — 66.4 0.2 66.6 Structured note (a)(a)(a)85.9 (a)(a)88.0 Other debt securities— — — 6.3 — 6.3 Total debt securities$— $— $85.9 $344.6 $0.5 $433.1 ______________(a)Amounts represent an investment in a leveraged structured note issued by a third-party investment bank, which is accounted for at fair value and has a scheduled maturity date of October 1, 2026. The return on the leveraged structured