Note 19: Deed of Cross Guarantee A deed of cross guarantee was executed between CSL Limited and some of its wholly-owned entities, namely CSL Behring (Holdings) Pty Ltd, CSL Finance Pty Ltd, Seqirus (Australia) Pty Ltd, CSL Innovation Pty Ltd, Seqirus Pty Ltd, CSL Behring (Australia) Pty Ltd, Seqirus Holdings Australia Pty Ltd and CSL IP Investments Pty Ltd. Under this deed, each company guarantees the debts of the others. By entering into the deed, these specific wholly-owned entities have been relieved from the requirement to prepare a financial report and directors’ report under Class Order 2016/785 (as amended) issued by the Australian Securities and Investments Commission. The entities that are parties to the deed represent a ‘Closed Group’ for the purposes of the Class Order, and as there are no other parties to the deed of cross guarantee that are controlled by CSL Limited, they also represent the ‘Extended Closed Group’. A consolidated income statement, balance sheet and summary of movements in retained earnings for the years ended 30 June 2026 and 2025 for the Closed Group is set out below. Closed Group 2026 2025 Income Statement US$m US$m Sales and service revenue 1,637 1,343 Influenza pandemic facility reservation fees 10 20 Royalties and license revenue 163 189 Other income 12 24 Total operating revenue 1,822 1,576 Cost of sales (982) (965) Gross profit 840 611 Dividend income 3,068 1,161 Finance income 5 10 Research and development expenses (177) (189) Selling and marketing expenses (63) (70) General, administration and other expenses (148) (184) Restructuring and impairment expenses (239) — Finance costs (77) (76) Profit before tax 3,209 1,263 Income tax expense (115) (6) Net profit for the year 3,094 1,257 129 Notes to the Financial Statements 129 CSL Limited Annual Report 2025/26
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