TMF Group

23. Cash and cash equivalents

Cash and cash equivalents include cash in hand, deposits held at call with banks and other short-term highly liquid investments with original maturities of three months or less. Read more about 23. Cash and cash equivalents .

24. Equity

Ordinary voting and preference shares are classified as equity. Read more about 24. Equity .

25. Share-based payment

The share-based payment plan is classified as an equity-settled plan, as TMF Group does not have an obligation to repurchase the shares or otherwise settle in cash. Read more about 25. Share-based payment .

26. Reserves

The reconciliation of the movements in reserves is as follows: Read more about 26. Reserves .

27. Loans and borrowings

Loans and borrowings are recognised initially at fair value, net of transaction costs incurred. Loan and borrowings are subsequently carried at amortised cost. Read more about 27. Loans and borrowings .

28. Provisions

Provisions are recognised when TMF Group has a legal or constructive obligation arising from past events. It is probable that an outflow of resources will be required to fulfil this obligation, and the amount can be reliably estimated. Read more about 28. Provisions .

29. Retirement benefit obligations

TMF Group has identified retirement benefit obligations in Switzerland. Some of the other countries in which we operate also have minor retirement benefit obligations. Read more about 29. Retirement benefit obligations .

3. Material accounting judgements, estimates and assumptions

In preparing these consolidated financial statements, management has made judgements and estimates that affect the application of TMF Group's accounting policies and the reported amounts of assets, liabilities, income and expenses. Read more about 3. Material accounting judgements, estimates and assumptions .

30. Trade and other payables

Trade and other payables are recognised initially at fair value and subsequently measured at amortised cost using the effective interest method. Read more about 30. Trade and other payables .

31. Commitments

As at 31 December 2025, TMF Group has issued guarantees backed by the ancillary facility and office lease agreements amounting to €5.0 million (2024: €5.0 million). Read more about 31. Commitments .

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