Company: KW
Filing Date: 2025-11-07
Form Type: 10-Q
Source: 0001408100-25-000179
Chunk: 312

Company: Kennedy-Wilson Holdings, Inc.
Filing Date: 2025-11-07
Form: 10-Q
Item: Part I, Item 8
Chunk 312
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. Significant items impacting the quarterly tax provision include: tax charges associated with non-deductible executive compensation under IRC Section 162(m) and additional valuation allowance against the Company's deferred tax asset on the outside basis difference of its investment in KWE.

    Other Comprehensive (Loss) Income

The two major components that drive the change in other comprehensive loss are the change in foreign currency rates and the gain or loss of any associated foreign currency hedges. Please refer to the Currency Risk - Foreign Currencies section in Item 3 for a discussion of our risks relating to foreign currency and our hedging strategy. Below is a table that details the activity for the three months ended September 30, 2025 and 2024.  

Three Months Ended September 30,(Dollars in millions)20252024Net loss attributable to Kennedy-Wilson Holdings, Inc. common shareholders$(21.2)$(77.4)Unrealized foreign currency translation (losses) gains, net of noncontrolling interests and tax(11.6)37.4 Unrealized foreign currency derivative contract gains (losses), net of noncontrolling interests and tax7.5 (5.2)Comprehensive loss attributable to Kennedy-Wilson Holdings, Inc. common shareholders$(25.3)$(45.2)

The main currencies that we have exposure to are the euro and pound sterling. The table below represents the change in rates over the three months ended September 30, 2025 and 2024 as compared to the U.S. Dollar:

Three Months Ended September 30,20252024Euro(0.1)%3.9 %GBP(1.9)%6.0 %

Comprehensive loss, net of taxes and noncontrolling interests, for the three months ended September 30, 2025 and 2024 was income of $25.3 million and a loss of $45.2 million, respectively.  The Company experienced net unrealized losses on foreign currency through other comprehensive loss for the period due to weakening of the euro and GBP against the U.S. Dollar.  These translation losses were offset by hedge gains the Company has on its GBP denominated investments. 

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Kennedy Wilson Consolidated Financial Results: Nine Months Ended September 30, 2025 Compared to the Nine Months Ended September 30, 2024 

Nine Months Ended September 30, 2025(Dollars in millions)ConsolidatedCo-InvestmentsTotalSegment