Company: KW
Filing Date: 2025-11-07
Form Type: 424B3
Source: 0001408100-25-000180
Chunk: 128

Company: Kennedy-Wilson Holdings, Inc.
Filing Date: 2025-11-07
Form: 424B3
Chunk 128
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 $28.4 million of equity commitments relating to unconsolidated development projects and our UK single family platform. In addition to the unfunded capital commitments on our joint venture investments, we had $85.6 million related

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to future ground lease payments that run through 2085 on Kona Village. As we identify investment opportunities in the future, we may be called upon to contribute additional capital to unconsolidated investments in satisfaction of our capital commitment obligations.

Please refer to our Annual Report on Form 10-K for the year ended December 31, 2024 for discussion of our non-recourse carve-out guarantees arrangements, as there have been no material changes to that disclosure.

#### Certain Non-GAAP Measures and Reconciliations
The table below is a reconciliation of Non-GAAP measures to their most comparable GAAP measures, for amounts relating to the three and nine months ended September 30, 2025 dated back through 2021.

|                                                                                                | (dollars in millions) | Three Months Ended September 30, |  2025 |     |   |  2024 |     |   |  2023 |     |     |     |   |  2022 |     |   |  2021 |
|:-----------------------------------------------------------------------------------------------|:----------------------|:---------------------------------|------:|:----|:--|------:|:----|:--|------:|:----|----:|:----|:--|------:|:----|:--|------:|
| Net (loss) income                                                                              |                       | $                                | -10.2 |     | $ | -66.8 |     | $ | -64.1 |     |     |     | $ |  23.6 |     | $ |  72.5 |
| Non-GAAP Adjustments                                                                           |                       |                                  |       |     |   |       |     |   |       |     |     |     |   |       |     |   |       |
| Add back (less):                                                                               |                       |                                  |       |     |   |       |     |   |       |     |     |     |   |       |     |   |       |
| Interest expense                                                                               |                       |                                  |  58.4 |     |   |  66.9 |     |   |  64.2 |     |     |     |   |