Company: JLL
Filing Date: 2025-04-11
Form Type: DEF 14A
Source: 0001037976-25-000014
Chunk: 108

Company: JONES LANG LASALLE INC
Filing Date: 2025-04-11
Form: DEF 14A
Chunk 108
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 as it is not considered indicative of core operating performance. In 2023, we recorded a $0.5 million net loss. No gains or losses were recorded in 2024.

Interest on Employee Loans, Net of Forgiveness reflects interest accrued on employee loans less the amount of accrued interest forgiven. Certain employees (predominantly in our Leasing Advisory and Capital Markets Services businesses) receive cash payments structured as loans, with interest. Employees earn forgiveness of the loan based on performance, generally calculated as a percentage of revenue production, annually. Such forgiven amounts are reflected in Compensation and benefits expense. Given the interest accrued on these employee loans and subsequent forgiveness are non-cash and the amounts perfectly offset over the life of the loan, the activity is not indicative of core operating performance and is excluded from non-GAAP measures.

| 96 |     | 2025 Proxy Statement |

Annexes

Annex A Reconciliation of GAAP and Non-GAAP Financial Measures

Equity Earnings/Losses - Investment Management and Software and Technology Solutions primarily reflects valuation changes on investments reported at fair value. Investments reported at fair value are increased or decreased each reporting period by the change in the fair value of the investment. Where the measurement alternative has been elected, our investment is increased or decreased upon observable price changes. Such activity is excluded as the amounts are generally non-cash in nature and not indicative of core operating performance.

Note: Equity earnings/losses in the remaining segments represent the results of unconsolidated operating ventures (not investments), and therefore the amounts are included in adjusted profit measures on both a segment and consolidated basis.

Credit Losses on Convertible Note Investments reflects credit impairments associated with pre-equity convertible note investments in early-stage proptech enterprises. Such losses are similar to the equity investment-related losses included in equity earnings/losses for Software and Technology Solutions investments and are therefore consistently excluded from adjusted measures.

### Reconciliation of non-GAAP financial measures
Below is a reconciliation of Net income attributable to common shareholders to Adjusted EBITDA.

| ($ in millions)                                                             |     | Year Ended December 31, |          | 2024 |     |        | 2023 |
|:----------------------------------------------------------------------------|:----|:------------------------|---------:|:-----|:----|-------:|:-----|
| Net income attributable to common shareholders                              |     |                         |   $546.8 |      |     | $225.4 |      |
| Add:                                                                        |     |                         |