Company: KW
Filing Date: 2025-11-07
Form Type: 424B3
Source: 0001408100-25-000180
Chunk: 14

Company: Kennedy-Wilson Holdings, Inc.
Filing Date: 2025-11-07
Form: 424B3
Chunk 14
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 consolidated financial statements.

6</div>

#### Kennedy-Wilson Holdings, Inc.

### Consolidated Statements of Cash Flows
<div align='center'>(Unaudited)

(Dollars in millions)</div>

| Cash flows from operating activities:                                                           |     | Nine Months Ended September 30, 
 2025                            |        |     | 2024 |        |
|:------------------------------------------------------------------------------------------------|:----|:--------------------------------|-------:|:----|:-----|-------:|
| Net loss                                                                                        |     | $                               |  -34.2 |     | $    |  -77.4 |
| Adjustments to reconcile net loss to net cash (used in) provided by operating activities:       |     |                                 |        |     |      |        |
| Gain on sale of real estate, net                                                                |     |                                 |  -65.4 |     |      | -112.8 |
| Depreciation and amortization                                                                   |     |                                 |  101.2 |     |      |  112.2 |
| Above/below market and straight-line rent amortization                                          |     |                                 |   -0.2 |     |      |   -1.9 |
| Uncollectible lease income                                                                      |     |                                 |    1.8 |     |      |    2.1 |
| Accretion of discount on loans receivable                                                       |     |                                 |   -1.6 |     |      |   -3.1 |
| Provision for credit losses                                                                     |     |                                 |    4.0 |     |      |   10.3 |
| Benefit from deferred income taxes                                                              |     |                                 |  -24.1 |     |      |  -14.2 |
| Amortization of deferred loan costs                                                             |     |                                 |   10.1 |     |      |    7.3 |
| Amortization of discount and accretion of premium on issuance of senior notes and mortgage debt |     |                                 |    3.7 |     |      |    1.3 |
| Unrealized net loss on derivatives                                                              |     |                                 |   10.0 |     |      |   13.1 |
| (Income) loss from unconsolidated investments                                                   |     |                                 |  -45.7 |     |      |   45.1 |
| Operating distributions from unconsolidated investments                                         |