Helical (HLCL) Trading Update summary

Strategic and operational progress

• Advanced three central London office schemes totaling over 460,000 sq ft, all set for 2026 completion.

• Exchanged contracts for the forward sale of 100 New Bridge Street for £333m, with completion in April 2026.

• Brettenham House refurbishment topped out, targeting Q2 2026 completion and received WELL precertification.

• 10 King William Street met all conditions for £125m HSBC development financing and achieved a 5-star NABERS target rating.

• Southwark PBSA scheme forward funding agreed, with site acquisition deferred to November 2025 and work expected to start Q1 2026.

Joint ventures and pipeline development

• Joint venture with Places for London progressing, including Southwark PBSA and Paddington office schemes.

• Paddington office project selected Mace as main contractor, with enabling works underway and formal acquisition in January 2026.

• Focus on expanding office and mixed-use pipeline through flexible structures and partnerships.

Financial and dividend update

• Final dividend for FY2025 proposed at 3.50p, bringing total annual dividend to 5.00p (up from 4.83p in 2024).

• Strong balance sheet and supply-constrained market underpin growth ambitions.