Review pending. Every figure has been located on its cited source page in an AI-assisted source verification (matched to the document's text) (9 October 2026). Independent review has not yet been carried out, and these pages are not indexed.AI-assisted source check done; independent review pending; not indexed. About the review
Hammerson
On this page
Company details
- Legal name
- Hammerson plc
- Listing
- HMN on the A2X Markets, active · ISIN GB00BRJQ8J25 (observed 2026-10-08)
- Sector
- Not classified (our classification from the stated principal activity)
- Financial year ends
- 31 December
Overview
Year ended 31 December 2025 · annual report, final status not established · source
Read with these figures
- Annual report not confirmed as final. The published copy is unsigned. The FY2025 figures come from it.
Full wording and sources
Annual report for 2025: final status not established
The independent auditors' report to the members of Hammerson plc (opinion PDF p80, folio 156) closes with the typeset 'Joanne Leeson (Senior Statutory Auditor) for and on behalf of PricewaterhouseCoopers LLP, Chartered Accountants and Statutory Auditors, London, 24 February 2026' and no visible signature (PDF p84, page image). The consolidated balance sheet states the financial statements were approved by the Board on 24 February 2026 and signed on its behalf by Rob Wilkinson (Chief Executive) and Himanshu Raja (Chief Financial Officer), whose names are typeset with no visible signature (PDF p86, page image).
Source: Hammerson plc Annual Report 2025 (dated 2026-02-24)
-
Revenue
GBP 211 million
211.4 GBP millions · p85
+74.6% vs 2024
-
Operating profit / (loss)
GBP 263 million
262.8 GBP millions · p85
+1906.1% vs 2024
-
Profit / (loss) for the year
GBP 233 million
232.5 GBP millions · p85
Moved from loss to profit (FY2024: (526.3) GBP millions)
-
Total assets
GBP 3.93 billion
3,931.2 GBP millions · p86
+13.1% vs 2024
-
Total equity
Not reported in this filing
-
Cash from operations
GBP 96.9 million
96.9 GBP millions · p87
+2053.3% vs 2024
Large amounts are rounded for reading (GBP million / billion / trillion); exact figures as printed are under each amount and in the tables. No currency conversion.
Financial statements
Exact figures as printed. Each column comes from one filing; labels are as printed in the newest filing. Amounts in GBP millions unless the row says otherwise; brackets are negative.
† from a supplementary filing for the same year · ‡ signed audited statements preferred over a disputed figure · “–” is a printed dash, explained below the table
Column sources
- FY2025 — annual report, final status not established; reported for the year · source
- FY2024 — annual report, final status not established; comparative in the FY2025 filing · source
Income statement
| Line (as printed) | FY2025Annual reportreported for the year | FY2024Annual reportcomparative in FY2025 filing |
|---|---|---|
| Revenue | 211.4 | 121.1 |
| Profit from operating activities 11 | 83.6 | 23.2 |
| Net revaluation gains/(losses) on properties2 | 84.6 | (20.6) |
| Other net gains3 | 5.6 | 0.6 |
| Share of results of joint ventures | 88.6 | 8.8 |
| Income from other investments4 | 0.4 | 1.1 |
| Operating profit | 262.8 | 13.1 |
| Finance income | 33.4 | 40.0 |
| Finance costs | (63.1) | (95.4) |
| Profit/(Loss) before tax | 233.1 | (42.3) |
| Tax charge | (0.6) | (2.5) |
| Profit/(Loss) from continuing operations5 | 232.5 | (44.8) |
| Loss from discontinued operations6 | –7 | (481.5) |
| Profit/(Loss) for the year | 232.5 | (526.3) |
| Non-controlling interests 28 | 0.4 | –9 |
| Other comprehensive income/(loss) for the year | 14.6 | (18.6) |
| Total comprehensive income/(loss) for the year | 247.1 | (544.9) |
| IFRS10 | 0.45811 | (1.060)12 |
- Printed “–”, read as nil: subtotal_arithmetic: is.profit_for_year.
- Printed “–”; reading unresolved, so no amount is shown. Printed dash on an attribution line; no printed subtotal confirms the nil (non-controlling interests arose in May 2025, note 28).
- Printed as 45.8 pence; value converted to GBP at 100 pence = 1 GBP.
- Printed as (106.0) pence; value converted to GBP at 100 pence = 1 GBP.
Notes and alternative reported figures (8)
- “Profit from operating activities 1” is an issuer-specific line, not mapped to a shared definition: Printed line (note 2A): net rental income less administration costs; includes a net charge for impairment of tenant receivables (footnote 1).
- “Net revaluation gains/(losses) on properties” is an issuer-specific line, not mapped to a shared definition: Note 2A.
- “Other net gains” is an issuer-specific line, not mapped to a shared definition: Note 2A.
- “Income from other investments” is an issuer-specific line, not mapped to a shared definition: Note 2A.
- “Profit/(Loss) from continuing operations” is an issuer-specific line, not mapped to a shared definition: Profit after tax from continuing operations.
- “Loss from discontinued operations” is an issuer-specific line, not mapped to a shared definition: Note 9B (2024: sale of the investment in Value Retail).
- “Non-controlling interests 2” is an issuer-specific line, not mapped to a shared definition: Note 28 (Brent Cross, continuing operations).
- “IFRS” is an issuer-specific line, not mapped to a shared definition: Note 11B; printed in pence.
Balance sheet
| Line (as printed) | FY2025Annual reportreported for the year | FY2024Annual reportcomparative in FY2025 filing |
|---|---|---|
| Investment properties | 2,879.8 | 1,487.0 |
| Interests in leasehold properties1 | 51.2 | 34.8 |
| Right-of-use assets | 6.7 | 7.5 |
| Plant and equipment | 0.4 | 0.4 |
| Investment in joint ventures | 538.0 | 1,088.2 |
| Other investments2 | 9.4 | 9.2 |
| Trade and other receivables3 | 4.0 | 0.2 |
| Restricted monetary assets4 | –5 | 21.4 |
| Non-current assets (unlabelled subtotal) | 3,489.5 | 2,648.7 |
| Trade and other receivables | 90.8 | 87.6 |
| Derivative financial instruments | 1.0 | 2.2 |
| Restricted monetary assets4 | 21.4 | –6 |
| Cash and cash equivalents | 328.5 | 737.9 |
| Current assets (unlabelled subtotal) | 441.7 | 827.7 |
| Total assets | 3,931.2 | 3,476.4 |
| Trade and other payables | 164.6 | 109.3 |
| Obligations under head leases | 0.1 | 0.1 |
| Loans | 104.3 | 337.8 |
| Ta x | 2.0 | 2.8 |
| Derivative financial instruments | 0.3 | 0.1 |
| Current liabilities (unlabelled subtotal) | 271.3 | 450.1 |
| Trade and other payables7 | 33.4 | 28.7 |
| Obligations under head leases | 57.1 | 39.7 |
| Loans | 1,473.9 | 1,136.4 |
| Deferred tax | 0.7 | 0.4 |
| Non-current liabilities (unlabelled subtotal) | 1,565.1 | 1,205.2 |
| Total liabilities | 1,836.4 | 1,655.3 |
| Net assets8 | 2,094.8 | 1,821.1 |
| Share capital 1 | 26.6 | 24.6 |
| Share premium 1 | 132.7 | –9 |
| Capital redemption reserve10 | 225.9 | 225.5 |
| Other reserves | 106.4 | 91.8 |
| Retained earnings | 1,610.0 | 1,486.9 |
| Investment in own shares11 | (6.8) | (7.7) |
| Equity shareholders’ funds | 2,094.8 | 1,821.1 |
- Printed “–”, read as nil: subtotal_arithmetic: bs.non_current_assets.
- Printed “–”, read as nil: subtotal_arithmetic: bs.current_assets.
- Printed “–”, read as nil: subtotal_arithmetic: bs.equity_attributable_to_owners.
Notes and alternative reported figures (8)
- “Interests in leasehold properties” is an issuer-specific line, not mapped to a shared definition: Non-current (note 20).
- “Other investments” is an issuer-specific line, not mapped to a shared definition: Non-current.
- “Trade and other receivables” is an issuer-specific line, not mapped to a shared definition: Note 15A.
- “Restricted monetary assets” is an issuer-specific line, not mapped to a shared definition: Note 16.
- “Trade and other payables” is an issuer-specific line, not mapped to a shared definition: Note 17.
- “Net assets” is an issuer-specific line, not mapped to a shared definition: Total assets less total liabilities, printed before equity.
- “Capital redemption reserve” is an issuer-specific line, not mapped to a shared definition: Equity (note 21A); non-distributable.
- “Investment in own shares” is an issuer-specific line, not mapped to a shared definition: Equity: shares held in treasury and in an employee share trust, at cost.
Cash flow
| Line (as printed) | FY2025Annual reportreported for the year | FY2024Annual reportcomparative in FY2025 filing |
|---|---|---|
| Profit from operating activities1 | 83.6 | 23.2 |
| Net movements in working capital and restricted monetary assets2 | 8.2 | (6.6) |
| Non-cash items3 | (1.5) | 5.3 |
| Cash generated from operations | 90.3 | 21.9 |
| Interest received | 34.7 | 49.0 |
| Interest paid (including bond issue fees)4 | (63.4) | (86.5) |
| Bond early termination fees5 | –6 | (25.5) |
| Debt and loan facility issuance and extension fees7 | (3.4) | (2.7) |
| Tax (paid)/received | (1.1) | 0.2 |
| Distributions from joint ventures8 | 39.8 | 48.1 |
| Cash flows from operating activities | 96.9 | 4.5 |
| Property acquisition, net of cash acquired 19 | (531.2) | (140.8) |
| Equity investment in joint venture10 | –11 | (85.1) |
| Capital expenditure12 | (33.6) | (13.7) |
| Sale of properties13 | 25.3 | 117.4 |
| Sale of investments in associate14 | –11 | 583.6 |
| Advances to joint ventures15 | (3.9) | (6.9) |
| Distributions and capital returns received from associates16 | 6.0 | 19.4 |
| Distributions from other investments17 | 0.4 | 1.1 |
| Cash flows (utilised in)/from investing activities | (537.0) | 475.0 |
| Acquisition of non-controlling interests 118 | (39.8) | –19 |
| Purchase of own shares20 | (5.2) | (3.4) |
| Share buyback and cancellation21 | (25.7) | (20.9) |
| Equity placing22 | 138.8 | –19 |
| Equity placing costs23 | (3.7) | –19 |
| Proceeds from new borrowings | 405.7 | 394.7 |
| Repayments of borrowings | (365.4) | (499.6) |
| Distributions paid to non-controlling interests24 | (1.7) | –19 |
| Equity dividends paid | (75.0) | (82.6) |
| Cash flows from financing activities | 28.0 | (211.8) |
| (Decrease)/Increase in cash and cash equivalents | (412.1) | 267.7 |
| Opening cash and cash equivalents | 737.9 | 472.3 |
| Exchange translation movement | 2.7 | (2.1) |
| Closing cash and cash equivalents | 328.5 | 737.9 |
- Printed “–”, read as nil: subtotal_arithmetic: cf.cash_from_operations.
- Printed “–”, read as nil: subtotal_arithmetic: cf.cash_from_investing.
- Printed “–”, read as nil: subtotal_arithmetic: cf.cash_from_financing.
Notes and alternative reported figures (21)
- “Profit from operating activities” is an issuer-specific line, not mapped to a shared definition: Starting line of the cash flow statement; the same figure as the income-statement line.
- “Net movements in working capital and restricted monetary assets” is an issuer-specific line, not mapped to a shared definition: Operating activities (note 24A).
- “Non-cash items” is an issuer-specific line, not mapped to a shared definition: Operating activities (note 24A).
- “Interest paid (including bond issue fees)”: mapping to a shared definition is uncertain. Printed 'Interest paid (including bond issue fees)' within operating activities; the statement does not separate lease interest.
- “Bond early termination fees” is an issuer-specific line, not mapped to a shared definition: Operating activities.
- “Debt and loan facility issuance and extension fees” is an issuer-specific line, not mapped to a shared definition: Operating activities.
- “Distributions from joint ventures” is an issuer-specific line, not mapped to a shared definition: Operating activities.
- “Property acquisition, net of cash acquired 1” is an issuer-specific line, not mapped to a shared definition: Investing activities (footnote 1: includes the Group's share of joint venture cash derecognised of £46.6m).
- “Equity investment in joint venture” is an issuer-specific line, not mapped to a shared definition: Investing activities.
- “Capital expenditure” is an issuer-specific line, not mapped to a shared definition: Investing activities: capital expenditure on the property portfolio (the statement does not split it).
- “Sale of properties” is an issuer-specific line, not mapped to a shared definition: Investing activities.
- “Sale of investments in associate” is an issuer-specific line, not mapped to a shared definition: Investing activities (2024: Value Retail).
- “Advances to joint ventures” is an issuer-specific line, not mapped to a shared definition: Investing activities (note 13E).
- “Distributions and capital returns received from associates” is an issuer-specific line, not mapped to a shared definition: Investing activities (note 9C).
- “Distributions from other investments” is an issuer-specific line, not mapped to a shared definition: Investing activities.
- “Acquisition of non-controlling interests 1” is an issuer-specific line, not mapped to a shared definition: Financing activities (footnote 1: includes cash of £10.7m).
- “Purchase of own shares” is an issuer-specific line, not mapped to a shared definition: Financing activities.
- “Share buyback and cancellation” is an issuer-specific line, not mapped to a shared definition: Financing activities.
- “Equity placing” is an issuer-specific line, not mapped to a shared definition: Financing activities: gross proceeds of the August 2025 placing.
- “Equity placing costs” is an issuer-specific line, not mapped to a shared definition: Financing activities.
- “Distributions paid to non-controlling interests” is an issuer-specific line, not mapped to a shared definition: Financing activities.
Segments
Segment data not yet collected for this company in the pilot.
Dividends
Proposed or recommended, declared and paid are different events and are kept apart. A statement that no dividend was proposed does not mean none was paid.
| Year ended | Event | Wording as printed | Amount | Unit | Source |
|---|---|---|---|---|---|
| 31 Dec 2025 | Dividends paid (cash flow statement) | Equity dividends paid |
(75) | GBP millions | Annual report, p87 |
| 31 Dec 2024 | Dividends paid (cash flow statement) | Equity dividends paid |
(82.6) | GBP millions | Annual report, p87 |
Sources
Each filing used on this page, newest period first. Dates are the document's own; the date we retrieved a file is shown separately and is never a publication date.
-
Hammerson plc Annual Report 2025
Year ended 31 December 2025 · Annual report · final status not established
Audit: PricewaterhouseCoopers LLP, Chartered Accountants and Statutory Auditors, London, unmodified opinion
Auditor's sign-off: Joanne Leeson (Senior Statutory Auditor) for and on behalf of PricewaterhouseCoopers LLP (typeset name)
Final status: The independent auditors' report to the members of Hammerson plc (opinion PDF p80, folio 156) closes with the typeset 'Joanne Leeson (Senior Statutory Auditor) for and on behalf of PricewaterhouseCoopers LLP, Chartered Accountants and Statutory Auditors, London, 24 February 2026' and no visible signature (PDF p84, page image). The consolidated balance sheet states the financial statements were approved by the Board on 24 February 2026 and signed on its behalf by Rob Wilkinson (Chief Executive) and Himanshu Raja (Chief Financial Officer), whose names are typeset with no visible signature (PDF p86, page image).
- Document date
- 24 Feb 2026
- Auditor's report
- 24 Feb 2026
- Board approval
- 24 Feb 2026
- Retrieved by us
- 8 Oct 2026 (not a publication date)
- Used for
- statement columns FY2025, FY2024
- Basis
- consolidated statements · GBP millions (printed “£m”)
- Each PDF page holds two printed pages (folios): the income statement and statement of comprehensive income share PDF p85, the balance sheet and statement of changes in equity p86, and the 2024 changes in equity and the cash flow statement p87.
- Revenue (211.4; 2024: 121.1) is printed above 'Profit from operating activities' with no cost lines between them (p85); revenue is not placed within a subtotal. Profit before tax and tax cover continuing operations; discontinued operations (2024: Value Retail) are presented after tax.
- The balance sheet prints liabilities in brackets, unlabelled subtotals for non-current assets, current assets, current liabilities and non-current liabilities, and closes with 'Net assets' before equity; no total equity and liabilities line is printed, and 'Equity shareholders’ funds' is the only equity total (no non-controlling interest at either date) (p86). Liability rows are stored positive (sign 'negate').
- The cash flow statement covers continuing and discontinued operations (p87, footnote).
- Earnings per share is printed in pence. The income statement prints it with a 'p' suffix (basic total 46.0p; 2024: (106.0)p; diluted 45.8p; 2024: (106.0)p, p85); the same figures are read from the note 11B table, whose columns are headed 'pence' (p98). Basic is stored as eps_basic_diluted (ambiguous) and diluted as a native concept; stored in pounds with the printed figure and unit kept.
- The directory lists the A2X (ZAR) listing; the statements are presented in GBP. The report notes the Group's EPRA and JSE (headline earnings) reporting.
Technical details
- File
- 122 pages, with a text layer
- SHA-256
0b1048838b67df996df2a2881d57c578ac4211853822d85ffbd2d62cf56d593e- Entity as printed
- Hammerson plc (the Company) and its subsidiaries (the Group)
- Issuer copy
- retrieved 2026-10-08T18:52:51Z
Data notes
No figure-level notes beyond those in the tables.
Review status: every figure has been located on its cited source page in an AI-assisted source verification (matched to the document's text) (9 October 2026). Independent review is pending for every figure; automated checks and the AI-assisted verification are not independent review.
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Figures shown on this page (CSV) — the same selected figures at their exact printed values, each with its source document, SHA-256, page, selection rule and reading. Independent review of these figures is pending.