ACCOUNTS - Final Accounts

Registered number: 02878845

THE GEO GROUP UK LTD

DIRECTOR'S REPORT AND FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2025


THE GEO GROUP UK LTD

COMPANY INFORMATION

Director	G C Zoley


Company secretaries	J Negron D McCarthy


Registered number	02878845


Registered office	1 St. James Court
	Whitefriars
	Norwich
	Norfolk England
	NR3 1RU


Independent auditor	Grant Thornton UK LLP
	Chartered Accountants & Statutory Auditor
	Victoria House
	199 Avebury Boulevard
	Milton Keynes
	MK9 1AU


Bankers	Citizens Bank NA
	1 Citizens Plaza
	Providence
	RI 02903 USA


Solicitors	Mills & Reeve LLP
	1 St James Court
	Whitefriars
	Norwich
	NR3 1RU


THE GEO GROUP UK LTD

CONTENTS

	Page
Director's Report	1 - 3
Independent Auditor's Report	4 - 8
Statement of Comprehensive Income	9
Statement of Financial Position	10
Statement of Changes in Equity	11
Notes to the Financial Statements	12 - 20


THE GEO GROUP UK LTD

DIRECTOR'S REPORT

FOR THE YEAR ENDED 31 DECEMBER 2025

The director presents his report and the financial statements for the year ended 31 December 2025.

Principal activity

The GEO Group UK Limited (hereafter 'GEO UK') operates in the criminal justice market, providing custody, escorting and offender management services to primarily public sector organisations. Our services are delivered in accordance with our core values of safety, care, quality, innovation and integrity.

Results and dividends

The profit for the year, after taxation, amounted to £4,566,006 (2024: £2,656,470).

A dividend of £3,000,000 was paid in the year (2024: £5,795,087).
The company had net current assets of £5,690,729 at the year end date (2024: £4,124,723).

Directors

The directors who served during the year, and up to the date of signing this report, were:

G C Zoley

J D Donahue (appointed 15 January 2025, resigned 28 February 2026)

M J Suchinski (appointed 15 January 2025, resigned 31 March 2026)

Directors' Responsibilities Statement

The director is responsible for preparing the Director's Report and the financial statements in accordance with applicable law and regulations.

Company law requires the director to prepare financial statements for each financial year. Under that law the director has elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law, including FRS 102 ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’). Under company law the directors must not approve the financial statements unless he is satisfied that they give a true and fair view of the state of affairs and profit or loss of the company for that period. In preparing these financial statements, the director is required to:

∙select suitable accounting policies and then apply them consistently;

∙make judgements and accounting estimates that are reasonable and prudent; and

∙prepare the financial statements on the going concern basis unless it is inappropriate to presume that the company will continue in business.

The director is responsible for keeping adequate accounting records that are sufficient to show and explain the company's transactions and disclose with reasonable accuracy at any time the financial position of the company and enable him to ensure that the financial statements comply with the Companies Act 2006. He is also responsible for safeguarding the assets of the company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

Qualifying third party indemnity provisions

The company has maintained directors' and officers' liability insurance in respect of its director.

Page 1

THE GEO GROUP UK LTD

DIRECTOR'S REPORT (CONTINUED)

FOR THE YEAR ENDED 31 DECEMBER 2025

Going concern

As a part of their going concern assessment the directors have considered the cash requirements for the next 12 months from the date of approval of these financial statements.
The loss of the Home Office Dungavel contract in September 2021, leaves the company with no immediate operational income. Adequate provisions and cash reserves have been made available for potential post project claims against the company.
The company will continue to actively seek opportunities in the UK market and believe there is a requirement for the services the company offers, in the meantime any limited post contract expenditure related to statutory returns, retention of documents, and the annual audit will be met from existing cash resources and/or dividends from GEO Amey Limited. Currently, the company no longer employs any staff in the UK after all staff were transferred to the new operator in terms of TUPE regulations.
The directors will actively consider any new project opportunities as they arise, but it is unlikely that any new projects will generate additional income in the 12 months from the date approval of these financial statements due to the timescales associated with the tender and bidding process and start up activities typically associated with the nature of the company’s business.
Until such time as a suitable opportunity is identified, the directors will ensure that the company will continue to have sufficient resources to meet any potential liabilities.
In response to any new project opportunities, a budget to cover the bid costs would be prepared and would be met from current cash reserves, future dividend receipts, or funded separately by the parent company.

Subsequent events

On the 20th March 2026 the shareholders passed a resolution to reduce the capital of the company by £2,225,058 by removing the Share Premium.

Disclosure of information to auditor

The director confirms that:

∙so far as he is aware, there is no relevant audit information of which the company's auditor is unaware; and

∙the director has taken all the steps that he ought to have taken as a director in order to make himself aware of any relevant audit information and to establish that the company's auditor is aware of that information.

Auditor

The auditor, Grant Thornton UK LLP, will be proposed for reappointment in accordance with section 485 of the Companies Act 2006.

Page 2

THE GEO GROUP UK LTD

DIRECTOR'S REPORT (CONTINUED)

FOR THE YEAR ENDED 31 DECEMBER 2025

Small companies note

In preparing this report, the director has taken advantage of the small companies exemptions provided by section 415A of the Companies Act 2006.

This report was approved by the board and signed on its behalf.

G C Zoley

Director

Date: 14 May 2026

Page 3

INDEPENDENT AUDITOR'S REPORT TO THE MEMBERS OF THE GEO GROUP UK LTD

Opinion

We have audited the financial statements of The Geo Group UK Limited (the 'company') for the year ended 31 December 2025, which comprise the Statement of Comprehensive Income, the Statement of Financial Position, the Statement of Changes in Equity and notes to the financial statements, including a summary of significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards, including Financial Reporting Standard 102 ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland' (United Kingdom Generally Accepted Accounting Practice).

In our opinion:

∙the financial statements give a true and fair view of the state of the company's affairs as at 31 December 2025 and of its profit for the year then ended;

∙the financial statements have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice; and

∙the financial statements have been prepared in accordance with the requirements of the Companies Act 2006.

Basis for opinion

We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the 'Auditor's responsibilities for the audit of the financial statements' section of our report. We are independent of the company in accordance with the ethical requirements that are relevant to our audit of the financial statements in the UK, including the FRC's Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.

Conclusions relating to going concern

We are responsible for concluding on the appropriateness of the director's use of the going concern basis of accounting and, based on the audit evidence obtained, whether a material uncertainty exists related to events or conditions that may cast significant doubt on the company's ability to continue as a going concern. If we conclude that a material uncertainty exists, we are required to draw attention in our report to the related disclosures in the financial statements or, if such disclosures are inadequate, to modify the auditor’s opinion. Our conclusions are based on the audit evidence obtained up to the date of our report. However, future events or conditions may cause the company to cease to continue as a going concern.

In our evaluation of the director's conclusions, we considered the inherent risks associated with the company's business model including effects arising from macro-economic uncertainties such as Brexit and the situation of Russia and Ukraine, we assessed and challenged the reasonableness of estimates made by the director and the related disclosures and analysed how those risks might affect the company's financial resources or ability to continue operations over the going concern period.

Page 4

INDEPENDENT AUDITOR'S REPORT TO THE MEMBERS OF THE GEO GROUP UK LTD (CONTINUED)

Conclusions relating to going concern (continued)

In auditing the financial statements, we have concluded that the director's use of the going concern basis of accounting in the preparation of the financial statements is appropriate.

Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the company's ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue.

Our responsibilities and the responsibilities of the director with respect to going concern are described in the relevant sections of this report.

Other information

The other information comprises the information included in the Director's Report and financial statements, other than the financial statements and our Auditor's Report thereon. The director is responsible for the other information contained within the Director's Report and financial statements. Our opinion on the financial statements does not cover the other information and, except to the extent otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon.

Our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the audit or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether there is a material misstatement in the financial statements themselves. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact.

We have nothing to report in this regard.

Opinions on other matters prescribed by the Companies Act 2006

In our opinion, based on the work undertaken in the course of the audit:

∙the information given in the Director's Report for the financial year for which the financial statements are prepared is consistent with the financial statements; and

∙the Director's Report has been prepared in accordance with applicable legal requirements.

Page 5

INDEPENDENT AUDITOR'S REPORT TO THE MEMBERS OF THE GEO GROUP UK LTD (CONTINUED)

Matter on which we are required to report under the Companies Act 2006

In the light of the knowledge and understanding of the company and its environment obtained in the course of the audit, we have not identified material misstatements in the Director's Report.

Matters on which we are required to report by exception

We have nothing to report in respect of the following matters in relation to which the Companies Act 2006 requires us to report to you if, in our opinion:

∙adequate accounting records have not been kept, or returns adequate for our audit have not been received from branches not visited by us; or

∙the financial statements are not in agreement with the accounting records and returns; or

∙certain disclosures of director's remuneration specified by law are not made; or

∙we have not received all the information and explanations we require for our audit; or

∙the director was not entitled to prepare the financial statements in accordance with the small companies regime and take advantage of the small companies' exemptions in preparing the Director's Report and from the requirement to prepare a Strategic Report.

Responsibilities of director

As explained more fully in the Director's Responsibilities Statement, the director is responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view, and for such internal control as the director determines is necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error.

In preparing the financial statements, the director is responsible for assessing the company's ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the director either intends to liquidate the company or to cease operations, or has no realistic alternative but to do so.

Page 6

INDEPENDENT AUDITOR'S REPORT TO THE MEMBERS OF THE GEO GROUP UK LTD (CONTINUED)

Auditor's responsibilities for the audit of the financial statements

Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue an Auditor's Report that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with ISAs (UK) will always detect a material misstatement when it exists.

Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements.

Irregularities, including fraud, are instances of non-compliance with laws and regulations. The extent to which our procedures are capable of detecting irregularities, including fraud, is detailed below:

∙We obtained an understanding of the legal and regulatory frameworks that are applicable to the company
and the industry in which they operate. We determined that the following laws and regulations were most
significant – Financial Reporting Standard 102 and Companies Act 2006;

∙In addition, we concluded that there are certain specific laws and regulations that may have an effect on
the determination of amounts and disclosures in the financial statements and those laws and regulations
relating to health and safety, employee matters, environmental and bribery and corruption matters.

∙These audit procedures were designed to provide reasonable assurance that the financial statements were free from fraud or error. The risk of not detecting a material misstatement due to fraud is higher than the risk of not detecting one resulting from error and detecting irregularities that result from fraud is inherently more difficult than detecting those that result from error, as fraud may involve collusion, deliberate concealment, forgery or intentional misrepresentations. Also, the further removed non-compliance with laws and regulations is from events and transactions reflected in the financial statements, the less likely we would become aware of it;

∙We assessed the appropriateness of the collective competence and capabilities of the engagement team
included consideration of the engagement team's:

−Understanding of, and practical experience with audit engagements of a similar nature and

−Complexity through appropriate training and participation;

−Knowledge of the industry in which the client operates;

−Understanding of the legal and regulatory requirements specific to the company including:

−The provisions of the applicable legislation;

−The regulators’ rule and related guidance, including guidance issued by relevant authorities that interprets those rules;

−The applicable statutory provisions.

Page 7

INDEPENDENT AUDITOR'S REPORT TO THE MEMBERS OF THE GEO GROUP UK LTD (CONTINUED)

Auditor's responsibilities for the audit of the financial statements (continued)

∙We assessed the susceptibility of the company’s financial statements to material misstatement, including
how fraud might occur. Audit procedures performed included:

−Identifying and assessing the design effectiveness of controls management has in place to prevent
and detect fraud;

−Understanding how those charged with governance considered and addressed the potential for
override of controls of other inappropriate influence over the financial reporting process;

−Challenging assumptions and judgements made by management in its significant accounting
estimates; and

−Identifying and testing journal entries posted in the year which were deemed to be unusual.

A further description of our responsibilities for the audit of the financial statements is located on the Financial Reporting Council's website at: www.frc.org.uk/auditorsresponsibilities. This description forms part of our Auditor's Report.

Use of our report

This report is made solely to the company's members, as a body, in accordance with Chapter 3 of Part 16 of the Companies Act 2006. Our audit work has been undertaken so that we might state to the company's members those matters we are required to state to them in an Auditor's Report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and the company's members as a body, for our audit work, for this report, or for the opinions we have formed.

Taras Kulyk

Senior Statutory Auditor

for and on behalf of Grant Thornton UK LLP

Statutory Auditor, Chartered Accountants

Milton Keynes

18 May 2026

Page 8


THE GEO GROUP UK LTD

STATEMENT OF COMPREHENSIVE INCOME

FOR THE YEAR ENDED 31 DECEMBER 2025

	2025	2024
Note	£	£


Administrative expenses		(52,235)	(60,473)
Operating loss		(52,235)	(60,473)
Income from shares in group undertakings		4,500,000	2,500,000
Interest receivable and similar income	4	153,273	469,087
Interest payable and similar expenses		(89,822)	(302,209)
Profit before tax		4,511,216	2,606,405
Tax on profit	5	54,790	50,065
Profit for the financial year		4,566,006	2,656,470

There was no other comprehensive income for 2025 (2024: £Nil).
All amounts relate to continuing activities.

The notes on pages 12 to 20 form part of these financial statements.

Page 9


THE GEO GROUP UK LTD REGISTERED NUMBER:02878845

STATEMENT OF FINANCIAL POSITION

AS AT 31 DECEMBER 2025

		2025		2024
Note		£		£

Fixed assets
Investments	6		1		1
Current assets
Debtors	7	3,017,294		2,994,654
Bank & cash balances		2,727,906		1,181,893
		5,745,200		4,176,547
Creditors: amounts falling due within one year	8	(54,471)		(51,824)
Net current assets			5,690,729		4,124,723
Total assets less current liabilities			5,690,730		4,124,724
Provisions for liabilities
Provisions	9		(50,000)		(50,000)
Net assets			5,640,730		4,074,724

Capital and reserves
Called up share capital		125,003	125,003
Share premium account	10	2,225,058	2,225,058
Profit and loss account	10	3,290,669	1,724,663
Total shareholders' funds		5,640,730	4,074,724

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

The financial statements were approved and authorised for issue by the board and were signed on its behalf by:

G C Zoley

Director

Date: 14 May 2026

The notes on pages 12 to 20 form part of these financial statements.

Page 10


THE GEO GROUP UK LTD

STATEMENT OF CHANGES IN EQUITY

FOR THE YEAR ENDED 31 DECEMBER 2025

	Called up share capital	Share premium account	Capital contribution reserve	Profit and loss account	Total equity
	£	£	£	£	£
At 1 January 2024	125,003	2,225,058	3,619,580	1,243,700	7,213,341
Comprehensive income for the year
Profit for the year	-	-	-	2,656,470	2,656,470
Total comprehensive income for the year	-	-	-	2,656,470	2,656,470
Contributions by and distributions to owners
Dividends: Equity capital	-	-	-	(5,795,087)	(5,795,087)
Transfer to/from profit and loss account	-	-	(3,619,580)	3,619,580	-
Total transactions with owners	-	-	(3,619,580)	(2,175,507)	(5,795,087)

At 1 January 2025	125,003	2,225,058	-	1,724,663	4,074,724
Comprehensive income for the year
Profit for the year	-	-	-	4,566,006	4,566,006
Total comprehensive income for the year	-	-	-	4,566,006	4,566,006
Contributions by and distributions to owners
Dividends: Equity capital	-	-	-	(3,000,000)	(3,000,000)
Total transactions with owners	-	-	-	(3,000,000)	(3,000,000)
At 31 December 2025	125,003	2,225,058	-	3,290,669	5,640,730

The notes on pages 12 to 20 form part of these financial statements.

Page 11


THE GEO GROUP UK LTD

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2025

1.	General information

The Geo Group UK Limited is a private company limited by shares, incorporated in England and Wales. Its registered number is 02878845, and its registered head office is located at 1 St. James Court, Whitefriars, Norwich, Norfolk, England, NR3 1RU.
In 2011, the Home Office awarded The GEO Group UK Limited an 8-year contract for the operational maintenance and management of Dungavel IRC (Immigration Removal Centre). That contract was due to terminate in September 2019. By agreement, the termination date was extended to September 2021 with revised fixed fees for extra staffing, medical services and a revised variable fee depending on occupancy. The contract extension bid with the Home Office in October 2020 was unsuccessful. In the absence of the contract that terminated in September 2021, no income is expected in the near future due to the tender and bidding process timescales typically associated with the nature of the company's business. The director intends to actively consider new opportunities in the UK market but as indicated above, these are unlikely to generate additional revenue within the 12 months following the approval of these financial statements.

2.Accounting policies

2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The following principal accounting policies have been applied:

2.2

Exemption from preparing consolidated financial statements

The company, and the group headed by it, qualify as small as set out in section 383 of the Companies Act 2006 and the parent and group are considered eligible for the exemption to prepare consolidated accounts.

2.3

Going concern

As a part of their going concern assessment the director has considered the cash requirements for the next 12 months from the date of approval of these financial statements.
The loss of the Home Office Dungavel contract in September 2021, leaves the company with no immediate operational income. Adequate provisions and cash reserves have been made available for potential post project claims against the company.
The company will continue to actively seek opportunities in the UK market and believe there is a requirement for the services the company offers, in the meantime any limited post contract expenditure related to statutory returns, retention of documents, and the annual audit will be met from existing cash resources and/or dividends from GEO Amey Limited. Currently, the company no longer employs any staff in the UK after all staff were transferred to the new operator in terms of TUPE regulations.

Page 12


THE GEO GROUP UK LTD

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2025

2.Accounting policies (continued)

2.3

Going concern (continued)

The director will actively consider any new project opportunities as they arise, but it is unlikely that any new projects will generate additional income in the 12 months from the date approval of these financial statements due to the timescales associated with the tender and bidding process and start up activities typically associated with the nature of the company’s business.
Until such time as a suitable opportunity is identified, the director will ensure that the company will continue to have sufficient resources to meet any potential liabilities.
In response to any new project opportunities, a budget to cover the bid costs would be prepared and would be met from current cash reserves, future dividend receipts, or funded separately by the parent company.

2.4

Foreign currency translation

Functional and presentation currency

The company’s functional and presentation currency is Sterling and all values are rounded to the nearest pound (£) except when otherwise stated.

Transactions and balances

Foreign currency transactions are translated into the functional currency using the spot exchange rates at the dates of the transactions.

At each period end foreign currency monetary items are translated using the closing rate. Non-monetary items measured at historical cost are translated using the exchange rate at the date of the transaction and non-monetary items measured at fair value are measured using the exchange rate when fair value was determined.

Foreign exchange gains and losses resulting from the settlement of transactions and from the translation at period-end exchange rates of monetary assets and liabilities denominated in foreign currencies are recognised in profit or loss except when deferred in other comprehensive income as qualifying cash flow hedges.

Foreign exchange gains and losses that relate to borrowings and cash and cash equivalents are presented in the Statement of Comprehensive Income within 'finance income or costs'. All other foreign exchange gains and losses are presented in profit or loss within 'other operating income'.

2.5

Interest income

Interest income is recognised in profit or loss using the effective interest method.

2.6

Finance costs

Finance costs are charged to the Statement of Income and Retained Earnings over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

Page 13


THE GEO GROUP UK LTD

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2025

2.Accounting policies (continued)

2.7

Taxation

Tax is recognised in the Statement of Income and Retained Earnings except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates income.

Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the reporting date, except that:

∙The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits; and

∙Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met.

Deferred tax balances are not recognised in respect of permanent differences except in respect of business combinations, when deferred tax is recognised on the differences between the fair values of assets acquired and the future tax deductions available for them and the differences between the fair values of liabilities acquired and the amount that will be assessed for tax. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the reporting date.

2.8

Valuation of investments

Investments in subsidiaries are measured at cost less accumulated impairment.

2.9

Debtors

In July 2025 the GEO Group UK Ltd received settlement of the intercompany loan balance of £3,017,294 including accrued interest from its fellow subsidiary company, The GEO Group Australia Pty Ltd.
With no ongoing operations and minimal administrative costs, the director determined that the current cash balance of over £650k was sufficient to cover all foreseeable liabilities for at least 24 months.
The director duly completed a statement of solvency and declared a dividend equivalent to the amount of the loan including accrued interest that had been repaid of £3,017,294. However, the company failed to submit the appropriate documents to Companies House to have the registered Share Capital reduced, resulting in a dividend being paid that was approximately £770,000 more than was legally available for distribution.
At no stage was the company not in a position to discharge its liabilities or to meet any foreseeable debts that may have been incurred.
Due to the above, the company has notified the shareholder that the dividend had been paid by mistake.

Page 14


THE GEO GROUP UK LTD

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2025

2.Accounting policies (continued)

2.9

Debtors (continued)

In return, the shareholder has acknowledged the failure and has agreed that it was not entitled to the dividend it received. The shareholder has provided an acknowledgement of debt to The GEO Group UK Ltd and has agreed to an arrangement to repay the dividend in full.
In recognition of the failure, The GEO Group UK Ltd has reversed the dividend payment and the capital reduction in its accounts and has recognised the debt owed and acknowledged by the shareholder. The company intends to continue with the process to reduce its capital balance to reflect the revised capital requirements and will submit the appropriate documentation to Companies House to register this capital reduction. The company confirms that no further distributions will be made until and unless there is sufficient retained profit available to support such payments.

2.10

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

2.11

Provisions

Provisions are made where an event has taken place that gives the company a legal or constructive obligation that probably requires settlement by a transfer of economic benefit, and a reliable estimate can be made of the amount of the obligation.
Provisions are charged as an expense to the Statement of Income and Retained Earnings in the year that the company becomes aware of the obligation, and are measured at the best estimate at the reporting date of the expenditure required to settle the obligation, taking into account relevant risks and uncertainties.
When payments are eventually made, they are charged to the provision carried in the Statement of Financial Position.

2.12

Financial instruments

The company has elected to apply the provisions of Section 11 “Basic Financial Instruments” of FRS 102 to all of its financial instruments.

Financial instruments are recognised in the company's Statement of Financial Position when the company becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Page 15


THE GEO GROUP UK LTD

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2025

2.Accounting policies (continued)

2.12

Financial instruments (continued)

Basic financial assets

Basic financial assets, which include trade and other debtors, cash and bank balances, are initially measured at their transaction price (adjusted for transaction costs except in the initial measurement of financial assets that are subsequently measured at fair value through profit and loss) and are subsequently carried at their amortised cost using the effective interest method, less any provision for impairment, unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest.

Discounting is omitted where the effect of discounting is immaterial. The company's cash and cash equivalents, trade and most other debtors due within the operating cycle fall into this category of financial instruments.

Financial liabilities

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the company after the deduction of all its liabilities.

Basic financial liabilities, which include trade and other creditors, bank loans and other loans are initially measured at their transaction price (adjusting for transaction costs except in the initial measurement of financial liabilities that are subsequently measured at fair value through profit and loss). When this constitutes a financing transaction, whereby the debt instrument is measured at the present value of the future payments discounted at a market rate of interest, discounting is omitted where the effect of discounting is immaterial.

Debt instruments are subsequently carried at their amortised cost using the effective interest rate method.

Trade creditors are obligations to pay for goods and services that have been acquired in the ordinary course of business from suppliers. Trade creditors are classified as current liabilities if the payment is due within one year. If not, they represent non-current liabilities. Trade creditors are initially recognised at their transaction price and subsequently are measured at amortised cost using the effective interest method. Discounting is omitted where the effect of discounting is immaterial.

2.13

Dividends

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.

Page 16


THE GEO GROUP UK LTD

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2025

Employees

The director considers that they are the only key management personnel and are not remunerated through this company (2024: £Nil).
During the year, all directors were remunerated for their services to the company by other group companies. Their remuneration is disclosed in the accounts of those companies. It is not considered practicable to allocate their remuneration between the companies of which they are a director.

The average monthly number of employees, excluding directors, during the year was 0 (2024: 0).

4.	Interest receivable
		2025	2024
		£	£

Interest on intercompany loan	124,714	136,452
Bank interest	28,559	332,635
	153,273	469,087

5.	Taxation

		2025	2024
		£	£

Tax credit
Withholding Tax on Foreign Interest Paid	12,253	75,145
Group Relief Receivable	(67,043)	(125,210)
Total current tax	(54,790)	(50,065)

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THE GEO GROUP UK LTD

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2025

6.	Fixed asset investments

		Investments in subsidiary companies
		£
	Cost or valuation
	At 1 January 2025	1
	At 31 December 2025	1
	Net book value
	At 31 December 2025	1
	At 31 December 2024	1

This is an investment in The Geo Group Limited which owns the investment in the joint venture Geo Amey Limited. The Geo Group UK Limited owns 100% of the ordinary share capital of The Geo Group Limited. The registered address of The Geo Group Limited is 1 St. James Court, Whitefriars, Norwich, Norfolk, United Kingdom, NR3 1RU.

Debtors

					2025	2024
					£	£

Due after more than one year
Amounts owed by group undertakings	-	2,994,654
Due within one year
Amounts owed by group undertakings	3,017,294	-
	3,017,294	2,994,654

The interest bearing loan owed by group undertakings at December 2024, was repaid in full in July 2025 together with accrued interest.
The outstanding loan owed by group undertakings in December 2025 is non-interest bearing and relates to a mistakenly paid dividend that the group undertaking acknowledges that it was not entitled to receive. The group undertaking has agreed that it is indebted to the company to this extent and has made arrangements to settle the debt (refer Note 2.9).

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THE GEO GROUP UK LTD

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2025

8.	Creditors: amounts falling due within one year
		2025	2024
		£	£

Trade creditors	10,732	6,824
Accruals	43,739	45,000
	54,471	51,824

9.	Provisions
		2025	2024
		£	£

Post contract provision
At 1 January	50,000	50,000
At 31 December	50,000	50,000

10.

Reserves

The company's capital and reserves are as follows:

Share premium account

Share premium account – includes any premiums received on issue of share capital. Any transaction costs associated with the issuing of shares are deducted from share premium.

Profit & loss account

Profit and loss account – includes all current and prior period retained profits and losses.

11.

Related party transactions

Being a 100% owned subsidiary, the company has taken advantage of the exemption under 33.1a, as conferred by Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose transactions with other members of the group headed by The GEO Group Inc.
During the year, dividends of £4,500,000 (2024: £2,500,000) were received from The Geo Group Limited.

12.	Subsequent events

On the 20th March 2026 the shareholders passed a resolution to reduce the capital of the company by £2,225,058 by removing the Share Premium.

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THE GEO GROUP UK LTD

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2025

13.	Immediate and ultimate controlling party

The immediate parent undertaking is GEO International Holdings, LLC.
The ultimate parent undertaking and smallest and largest group for which consolidated accounts are available is the GEO Group Inc. The company is incorporated in the United States of America and is organised under the law of the state of Florida. Group accounts are available from The GEO Group Inc. 4955 Technology Way, Boca Raton, Florida 33431, United States of America.

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