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Section D: Notes to the THT and TIL financial statements for the year ended 30 June 2026
D14 Equity accounted investments (continued) Summarised statement of comprehensive income—100%
THT NWRG Trust
THT STP JV TIL TC TIL Total 1 $M $M $M $M $M THT Total
2026 Revenue
603
224
827
610 143
610 143
Construction revenue
17
—
17
Amortisation and depreciation
(431)
(36)
(467)
(162) (165) (143) (119)
(162) (165) (143) (119)
Other expenses Construction costs Net finance costs Income tax expense
(4)
(2)
(6)
(16)
—
(16)
(477)
(53)
(530)
—
(5)
(5)
—
—
(Loss)/profit for the year Other comprehensive income
(308)
128
(180)
164
164
122
14
136
4
4
Total comprehensive (loss)/income
(186)
142
(44)
168
168
2025 Revenue
553
204
757
527 289
527 289
Construction revenue
30
—
30
Amortisation and depreciation
(426)
(34)
(460)
(163) (151) (289) (103)
(163) (151) (289) (103)
Other expenses Construction costs Net finance costs Income tax expense
(9)
(2)
(11) (16)
(16)
—
(448)
(53)
(501)
—
(7)
(7)
—
—
(Loss)/profit for the year Other comprehensive loss
(316) (178) (494)
108
(208) (194) (402)
110
110
(16)
(4)
(4)
Total comprehensive (loss)/income
92
106
106
1. A25 has not been included in the summarised financial information as the Group’s interest was disposed of prior to 30 June 2026.
The following table reconciles the above summarised financial information presented on a 100 per cent basis to the proportional amounts recognised by THT and TIL and includes A25 proportional amounts up to the date it was held for sale:
THT NWRG Trust
THT STP JV TIL A25 TIL Total $M $M $M $M $M $M THT Total TIL TC
2026 Ownership interest
50 % 50 %
50 % — %
Proportional total comprehensive (loss)/income
(93) (93)
71 71
(22) (22)
84 84
(9) (9)
75 75
Group's share of total comprehensive (loss)/income
2025 Ownership interest
50 % 50 %
50 % 50 %
Proportional total comprehensive income/(loss)
(247) (247)
46 46
(201) (201)
53 53
(17) (17)
36 36
Group's share of total comprehensive (loss)/income
209
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