LONDONMETRIC PROPERTY PLC DISCLOSUREOther Disclosures

Capital management

iv) Capital risk management The Group’s objectives when maintaining capital are to safeguard the entity’s ability to continue as a going concern so that it can provide returns to shareholders and as such it seeks to maintain an appropriate mix of debt and equity. The capital structure of the Group consists of debt, which includes long term borrowings and undrawn debt facilities, and equity comprising issued capital, reserves and retained earnings. The Group balances its overall capital structure through the payment of dividends and new share issues as well as the issue of new debt or the redemption of existing debt. The Group seeks to maintain an efficient capital structure with a balance of debt and equity as shown in the table below. 2026 2025 As at 31 March £m £m Net debt 3,085.2 2,230.9 Shareholders’ equity 4,714.3 4,094.2 7,799.5 6,325.1