Company: LBTYK
Filing Date: 2025-03-25
Form Type: 10-K/A
Source: 0001570585-25-000097
Chunk: 74

Company: Liberty Global Ltd.
Filing Date: 2025-03-25
Form: 10-K/A
Chunk 74
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 to increases in interest rates on our debt instruments.

Interest income

Our interest income was £42.8 million, £48.0 million and £20.8 million during 2024, 2023 and 2022, respectively. Our interest income decreased £5.2 million or 10.8% during 2024, as compared to 2023, and increased £27.2 million or 130.8% during 2023, as compared to 2022. These movements primarily relate to changes in bank interest rates on cash balances.

Income tax (expense) benefit

Out income tax (expense) benefit was (£24.6 million), £233.4 million and (£23.6 million) during 2024, 2023 and 2022, respectively. See note 11 for further details.

(19) Subsequent Events

In January 2025, VMED O2 entered into $500 million sustainability-linked term loan facility ( Term Loan Y1 ). Term Loan Y1 matures on 31 March 2031 and bears interest at a rate of Term SOFR plus a credit adjustment spread plus 3.25% per annum (subject to adjustment based on the achievement or otherwise of certain ESG metrics). $495 million of the loan will be an exchange of Term Loan N due 2028 into a new tranche of Term Loan Y1 due 2031, which will become fungible with Term Loan Y on 15 April 2025. As per policy, the interest and foreign currency risk of such financing activity is mitigated through a derivative portfolio.

In March 2025, Cornerstone declared a £55.0 million dividend to O2 Networks, which in turn declared a dividend of £55.0 million to Granstone.

<div align='center'>IV-60</div>

#### Independent Auditors’ Report
To the Shareholders and Supervisory Board

VodafoneZiggo Group Holding B.V.

Report on the Audit of the Consolidated Financial Statements

#### Opinion
We have audited the consolidated financial statements of VodafoneZiggo Group Holding B.V. (a B.V. registered in The Netherlands) and its subsidiaries (the Company), which comprise the consolidated statements of operations, shareholders’ equity, and cash flows for the year ended December 31, 2022, and the related notes to the consolidated financial statements (collectively, “the consolidated financial statements”).

In our opinion, the accompanying consolidated financial statements present fairly, in all