Balance Sheet

$m except share and per share amounts	Notes	FY2025 unaudited	FY2024
Assets
Current assets:
Cash and cash equivalents	2	302	137
Accounts receivable, net	3	419	651
Prepaid expenses	9	165	152
Other current assets	8	390	391
Total current assets		1,276	1,331
Non-current assets:
Operating lease right-of-use assets	15	5,293	5,161
Property and equipment, net	16	778	784
Intangible assets, net	14	156	176
Deferred tax asset	6	362	357
Goodwill, net	14	1,245	1,173
Equity method investments		59	54
Other non-current assets	8	147	76
Total non-current assets		8040	7,781
Total assets		9,316	9,112
Liabilities
Current liabilities:
Accounts payable	10	297	232
Short-term debt, net	17	17	212
Deferred revenue	3	334	539
Customer deposits		621	584
Operating lease liabilities	15	1,300	1,154
Accrued expenses and other current liabilities	11	775	887
Total current liabilities		3,344	3,608
Non-current liabilities:
Long-term debt, net	17	1,070	633
Long-term operating lease liabilities	15	5,022	4,989
Other non-current liabilities	12	185	91
Total non-current liabilities		6,277	5,713
Total liabilities		9,621	9,321
Shareholders’ deficit
Common Shares; par value $0.0124; 8,000,000,000 shares   authorised, 1,008,736,266 issued and outstanding as of 31  December 2025 and 1,057,248,651 issued and outstanding as of 31 December 2024	19	12	13
Treasury Shares at cost; 15,307,650 shares at 31 December 2025, 45,241,020 shares at 31 December 2024	19	(67)	(182)
Additional paid-in capital		324	493
Accumulated deficit		(264)	(268)
Accumulated other comprehensive (loss)	20	(310)	(313)
Total shareholders’ deficit		(305)	(257)
Non-controlling interests		-	48
Total shareholders’ deficit		(305)	(209)
Total liabilities and shareholders’ equity		9,316	9,112