ITF

1. Basis of preparation The consolidated financial statements have been prepared on a going concern basis under the historical cost convention as modified by fair value accounting for forward currency contracts and investments, in accordance with IFRS 7. To make the distinction between Operating, Strategic and Investing activities clearer, the Consolidated Income Statement separately shows income and expenses related to Operating activities, to Strategic Initiatives and to Investing activities, i.e. the investment portfolio. No separate primary financial statements have been presented for the ITF Trust as a standalone entity as no accounting entries are made in the ITF Trust itself. Statement of compliance The consolidated financial statements of the ITF Trust have been prepared and approved by the directors in accordance with International Financial Reporting Standards (IFRSs) as adopted by the UK and interpretations issued by the IFRS Interpretations Committee (IFRS IC) applicable to companies reporting under IFRSs. The functional and presentational currency of the ITF Trust is US Dollars and all values are rounded to the nearest thousand ($'000) except when otherwise indicated. 2. Basis of consolidation The consolidated financial statements comprise the financial statements of the subsidiaries of ITF Trust and incorporate the share of the result of the joint venture using the equity method of accounting. Subsidiaries are fully consolidated from the date of acquisition, being the date on which the group obtains control, and continue to be consolidated until the date that such control ceases. The financial statements of the subsidiaries are prepared for the same reporting period as the parent company, with the exception of Hopman Cup Pty Ltd which has a year-end reporting date of 31 March. The results of Hopman Cup Pty Ltd from 1 January 2025 to 31 December 2025 have been consolidated in these financial statements. All intra-group balances, income and expenses and unrealised gains and losses resulting from intra-group transactions are eliminated in full. The ITF Trust is incorporated and domiciled in the Bahamas. The office of the ITF Trust is PO Box N-272, Nassau, Bahamas. The Board of Directors of ITF Limited, in their capacity as Advisory Committee to the ITF Trust, are responsible for the overall management of the ITF, including its strategic direction. Board meetings are always held outside the UK. The following wholly owned subsidiaries are included in the consolidated financial statements: Hopman Cup Pty Ltd is a wholly owned subsidiary of ITF Licensing (UK) Ltd. Registered office address: Level 8, 235 St Georges Terrace, Perth 6000, Australia. The principal place of business of the ITF Trust is Bank Lane, Roehampton, London SW15 5XZ, United Kingdom. Subsidiary and country of registration Principal activity ITF Limited Bahamas Development and administration of tennis worldwide ITF Licensing (UK) Ltd UK Operation and commercial management of ITF competitions Roehampton Investments Ltd Bahamas Management of ITF investment portfolio Hopman Cup Pty Ltd Australia Operation and commercial management of Hopman Cup BJKCL IP Holding Ltd UK Holding and ownership of commercial and intellectual property rights relating to the Billie Jean King Cup BJKCL Equity Holding Ltd UK Holding of equity interests in Billie Jean King Cup Limited NOTES (Forming part of the Financial Statements) ITF Trust Annual Report and Consolidated Financial Statements 18

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