ITF

5. Summary of significant accounting policies a) Revenue recognition Revenue is recognised to the extent that it can be reliably measured in the year to which it relates. The following specific recognition criteria must also be met before revenue is recognised: i) Subscriptions and authorisation fees The annual contributions from the ITF member nations and the official and recognised tennis championships of the ITF are recognised in the year for which they are due. ii) Sponsorship, competition and television income Sponsorship and Television income is recognised in accordance with the terms of the contract and the accounting year to which it relates. Competition income is recognised in the year in which the competition took place. Where a competition spans the year-end, revenue is assigned to the performance obligations under the contract associated with the rounds of a competition and recognised as those rounds take place. iii) Grand Slam Player Development Programme and Wheelchair Tennis Development Fund income The Grand Slam Player Development Programme and Wheelchair Tennis Development Fund income and expenditure are shown through the ITF's income and expenditure statement. Income is recognised when qualifying expenditure is made, with any difference between receipts and expenditure held on the balance sheet as deferred income or a debtor. As at 31 December 2025, the Grand Slam Player Development Programme had a reserve of $2,115,000 (2024: $1,816,000), and the Wheelchair Tennis Development Fund had a reserve of Nil (2024: $66,000). The mission of the Grand Slam Player Development Programme is to support international player development. iv) Data sales income Data sales income is recognized in accordance with the terms of the contract and the accounting year to which it relates. This means that revenue from data sales is recorded when the performance obligations specified in the contract are fulfilled, and the income is attributable to the accounting period in which these obligations are met. v) Technical and sundry income Technical income is derived from the ITF's ball, equipment and court certification programme and is recognised in accordance with the terms of the agreement and the accounting year to which it relates. Sundry income is derived mainly from recharges to the Grand Slam Board and International Tennis Integrity Agency for office and administration costs as well as Billie Jean King Cup service charges. Also included within technical and sundry income is subscription monies for the ITF Foundation which enables members to consult and collaborate with the ITF in the process of manufacturing tennis equipment. vi) Olympic income Olympic income received subsequent to the Summer Olympic Games is allocated against the performance obligation of controlling and directing the tennis event at the Games on a cost plus margin basis and recognised in that year. The remaining income is allocated using the residual approach to the performance obligation of developing the sport of tennis worldwide, and recognised evenly over the four years of the Olympiad beginning in the year the Olympic Games are held. Note 37 provides further information on Olympic income. Income received for other multi-sport events run by the IOC is recognised in the year the event takes place. NOTES (Forming part of the Financial Statements) ITF Trust Annual Report and Consolidated Financial Statements 20

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