GWest Corporation Ltd (GWEST) Audited Financial Statement Year Ended March 31, 2026

GWEST CORPORATION LIMITED YEAR ENDED MARCH 31, 2026 CONTENTS Page Independent Auditors’ Report - to the members 1 FINANCIAL STATEMENTS Statement of Financial Position 2 Statement of Comprehensive Income 3 Statement of Changes in Equity 4 Statement of Cash Flow s 5 Notes to the Financial Statements 6 - 3 8

Page 1.1 INDEPENDENT AUDITORS' REPORT To the members of GWEST CORPORATION LIMITED Report on the Audit of the F inancial S tatements Opinion We have audited the financial statements of GWest Corporation Limited (the Company ), set out on pages 2 to 38 which comprise the statement of financial position as at March 31, 2026 , the statement of comprehensive income, the statement of changes in equity and the statement of cash flows for the year then ended and notes, comprising significant accounting policies and other explanatory information. In our opinion, the accompanying financial statements give a true and fair view of the financial position of the Company as at March 31, 2026 , and of its financial performance and its cash flows for the year then ended in accordance with International Financial Reporting Standard s (IFRS) and the requirements of the Jamaican Companies Act. Basis for Opinion We conducted our audit in accordance with International Standards on Auditing (ISAs). 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 in dependent of the Company in accordance with the International Ethics Standards Board for Accountants ’ Code of Ethics for Professional Accountants (IESBA Code) and we have fulfilled our other ethical responsibilities in accordance with the IESBA Code. We be lieve that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion. Key Audit Matters Key audit matters are those matters that, in our professional judgement, were of most significance in our audit of the fina ncial statements of the current period. These matters were addressed in the context of our audit of the financial statements as a whole, and in forming our opinion thereon, and we do not provide a separate opinion on these matters. For each matter below, our description of how our audit addressed the matter is provided in that context. We have fulfilled the responsibilities described in the Auditor’s Responsibilities for the Audit of the Financial Statements section of our report, including in relation t o these matters. Accordingly, our audit included the performance of procedures designed to respond to our assessment of the risks of material misstatement of the financial statements. The results of our audit procedures, including the procedures performe d to address the matters below, provide the basis for our audit opinion on the accompanying financial statements.

Calvert Gordon Associates Page 1.2 INDEPENDENT AUDITORS' REPORT (Cont’d) To the members of GWest Corporation Limited (Cont’d) Key Audit Matters (Cont’d) Key audit matter How our audit addressed the key audit matter Fair Value of Investment Property As described at Note 4 – Critical Accounting Judgements and Key Sources of Estimation Uncertainty under section 4.2.2 – investment properties are usually independently valued every three years by qualified property appraisers who generally use the income a pproach for its valuation. Under IAS 40, where a property has previously been measured at fair value it should continue to be measured at fair value until disposal or reclassification. The Company had an independent valuation done in March 2026. The valuator’s approach takes into consideration various assumptions and factors including, the level of current and future occupancy, rate of annual rent increases, rate of inflation of direct expenses and recent comparable sales. Such assumptions involves the use of judgements which could inherently be subjective. As part of our audit we have evaluated the approach and assumptions factored into the assessment of fair value estimation by the valuator . We assess the valuator’s independence and objectivity an d compare assumptions to recent comparable sales. We also assessed the adequacy of disclosures in the financial statements. Other Information Included in the Annual Report Other information consists of the information included in the Company’s March 31, 2026 Annual Report other than the financial statements and our auditor’s report thereon. Management is responsible for the other information. The Company’s March 202 6 Annual Report is expected to be made available to us after the date of this auditor’s report. Our opinion on the financial statements does not cover the other information and we will not express any form of assurance conclusion thereon. In connection with our audit of the financial statements, our responsibility is to read the other information identified above when it becomes available and, in doing so, consider whether the other information is materially inconsistent with the financial statements, or our know ledge obtained in the audit, or otherwise appears to be materially misstated. Responsibilities of Management and the Board of Directors for the Financial Statements Management is responsible for the preparation of financial statements that give a true an d fair view in accordance with IFRS and the Jamaican Companies Act , and for such internal control as management determines is necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or erro r. In preparing the financial statements, management 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 mana gement either intends to liquidate the company or to cease operations, or has no realistic alternative but to do so. The Board of Directors is responsible for overseeing the Company ’s financial reporting process.

Calvert Gordon Associates Page 1. 3 INDEPENDENT AUDITORS' REPORT (Cont’d) To the members of GWest Corporation Limited (Cont’d) 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 I SAs 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 take n on the basis of these financial statements. As part of an audit in accordance with ISAs, we exercise professional judgment and maintain professional skepticism throughout the audit. We also:  Identify and assess the risks of material misstatement of the financial statements, whether due to fraud or error, design and perform audit procedures responsive to those risks, and obtain audit evidence that is sufficient and appropriate to provide a basis for our opinion. The risk of not detecting a material m isstatement resulting from fraud is higher than for one resulting from error, as fraud may involve collusion, forgery, intentional omissions, misrepresentations, or the override of internal control.  Obtain an understanding of internal control relevant to t he audit in order to design audit procedures that are appropriate in the circumstances, but not for the purpose of expressing an opinion on the effectiveness of the Company ’s internal control.  Evaluate the appropriateness of accounting policies used and th e reasonableness of accounting estimates and related disclosures made by management.  Conclude on the appropriateness of management’s use of the going concern basis of accounting and, based on the audit evidence obtained, whether a material uncertainty exis ts 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 auditor’s report to the related disclos ures in the financial statements or, if such disclosures are inadequate, to modify our opinion. Our conclusions are based on the audit evidence obtained up to the date of our auditor’s report. However, future events or conditions may cause the Company to cease to continue as a going concern.  Evaluate the overall presentation, structure and content of the financial statements, including the disclosures, and whether the financial statements represent the underlying transactions and events in a manner that p resents a true and fair view. We communicate with the Board of Directors regarding, among other matters, the planned scope and timing of the audit and significant audit findings, including any significant deficiencies in internal control that we identify during our audit. We also provide the Board of Directors with a statement that we have complied with relevant ethical requirements regarding independence, and to communicate with them all relationships and other matters that may reasonably be thought to b ear on our independence, and where applicable, related safeguards. From the matters communicated with the Board of Directors, we determine those matters that were of most significance in the audit of the financial statements of the current period and are therefore the key audit matters. We describe these matters in our auditor’s report unless law or regulation precludes public disclosure about the matter or when, in extremely rare circumstances, we determine that a matter should not be communicated in our report because the adverse consequences of doing so would reasonably be expected to outweigh the public interest benefits of such communication.

Calvert Gordon Associates Page 1. 4 INDEPENDENT AUDITORS' REPORT (Cont’d) To the members of GWest Corporation Limited (Cont’d) Report on additional matters of the Jamaican Companies Act We have obtained all the information and explanations which, to the best of our knowledge and belief, were necessary for the purposes of our audit. In our opinion, proper accounting records have been maintained, so far as appears from our examination of those records, and the financial statements, which are in agreement therewith, give the information required by the Jamaican Companies Act, in the manner so required. The engagement partner on the audit resulting in this independent auditors’ report is Fagan Calvert Chartered Accountants Montego Bay, Jamaica June 19, 2026

Page 3 GWEST CORPORATION LIMITED STATEMENT OF COMPREHENSIVE INCOME YEAR ENDED MARCH 31, 20 26 202 6 202 5 Notes $’000 $’000 Revenue 19 283,896 267,942 Direct costs 23 ( 186,502 ) ( 184,726 ) 97,394 83,216 Other income 20 30 4,309 Other gains and losses 21 28,240 18,561 Administrative expenses 23 ( 107,607 ) ( 99,552 ) Operating profit 18,057 6,534 Finance costs 22, 23 ( 34,385 ) ( 48,013 ) Loss before taxation 24 ( 16,328) ( 41,479) Taxation 26 ( 3,672 ) 6,292 NET LOSS and TOTAL COMPREHENSIVE INCOME FOR THE YEAR ( 20,000 ) ( 35,187 ) Earnings per stock unit 27 ( 0.04 ) ( 0. 07 ) The Notes on Pages 6 to 3 8 form an integral part of the Financial Statements.

Page 4 GWEST CORPORATION LIMITED STATEMENT OF CHANGES IN EQUITY YEAR ENDED MARCH 31, 20 26 Property Retained Share Revaluation Earnings Capital Reserve (Deficit) Total $’000 $’000 $’000 $’000 Balance at April 1, 2024 669,152 65,186 (31,291) 703,047 Net loss for the year and T otal comprehensive income for the year - - ( 35,187 ) ( 35,187 ) Balance at March 31, 202 5 669,152 65,186 (66,478) 667,860 Net loss for the year and T otal comprehensive income for the year - - ( 20,000 ) (20,000) Balance at March 31, 202 6 669,152 65,186 ( 86,478 ) 647,860 The Notes on Pages 6 to 3 8 f orm an integral p art of the Financial Statements

Page 5 GWEST CORPORATION LIMITED STATEMENT OF CASH FLOWS YEAR ENDED MARCH 31, 20 2 6 202 6 202 5 Notes $‘000 $’000 OPERATING ACTIVITIES Net loss ( 20,000) ( 35,187) Adjustments for: Depreciation of property and equipment 5 29,041 28,930 Depreciation of right - of - use assets 7.1 54,287 54,287 Fair value gains on investment propert ies 6 ( 25,904) ( 26,342) Loss on disposal of investment properties 21 - 1,755 Expected credit loss recognised on receivables 10 1,14 6 ( 1,265) Foreign exchange movement on leased liabilities ( 1,475) 6,099 Foreign exchange rates movement ( 692) ( 136) Provisions 17 320 390 Interest income ( 30) ( 203) Interest expense on leased liabilities 7.2 24,736 27,976 Interest expense on bank borrowings 9,649 20,037 Taxation 3,672 ( 6,292 ) 74,750 70,049 Increase in inventories ( 184) ( 238) Decrease in receivables / prepayments 25,751 1,128 Increase in payables 32,836 155 Cash generated by operations 133,153 71,094 Interest paid ( 9,649) ( 20,037) Income tax paid - ( 7 ) Cash generated by operating activities 123,504 51,050 INVESTING ACTIVITIES Proceeds from disposal of investment properties (net) - 79,762 Interest received 30 203 Acquisition of property and equipment ( 3,15 6 ) - Cash (used in) provided by investing activities ( 3,126 ) 79,965 FINANCING ACTIVITIES Third party borrowings repaid ( 81,079) ( 52,764) Long term loan received 19,553 4,346 Related parties advances received ( repaid ) 6,428 ( 12,018) Lease liabilities payments 7.2.4 ( 64,789 ) ( 66,425 ) Cash flows used in financing activities  ( 119,887 ) ( 126,861 ) NET INCREASE I N CASH AND CASH EQUIVALENTS 491 4,154 Effects of foreign exchange rates ( 1,812) ( 642) OPENING CASH AND CASH EQUIVALENTS 42,181 38,669 CLOSING CASH AND CASH EQUIVALENTS 13 40,860 42,181 The Notes on Pages 6 to 3 8 form an integral part of the Financial Statements.

Page 6 GWEST CORPORATION LIMITED NOTES TO THE FINANCIAL STATEMENTS YEAR ENDED MARCH 31, 20 26 1 . IDENTIFICATION GWest Corporation Limited (the company) is incorporated and domiciled in Jamaica. Its main activities are the development of commercial properties and the provision of healthcare services . On December 21, 2017 the company became a listed entity on the Jamaica Stock Exchange Junior Market. The registered office of the company is Lot 6 Crane Boulevard, Fairview, Montego Bay, St. James. These financial statements are expressed in Jamaican dollars. 2 ADOPTION OF NEW AND REVISED INTERNATIONAL FINANCIAL REPORTING STANDARDS (IFRSs) 2. 1 Standards and interpretations affecting a mounts reported and or disclosed in the current period (and/or prior period) The re were no standards and interpretations that were applied in the year that affected the presentation and disclosures in these financial s tatements. 2. 2 Standards and Interpretations and amendments to existing standards adopted with no effect on financ ial statements The following new and revised Standards and Interpretations have been adopted in these financial statements. Their adoption has not had any impact on the amounts reported in these financial statements but may impact the accounting for future transactions or arrangements. Effective for annual periods New and Revised Standards beginning on or after IAS 2 1 The Effects of Changes in Foreign Exchange Rates - Amendments to provide guidance on the determination of exchange rate when there is a lack of exchangeability January 1, 2025 2.3 Standards , interpretations and amendments to existing standards that are not yet effective and have not yet been early adopted by the company At the date of authorisation of these financial statements, the following Standards and Interpretations were in iss ue but not yet effective or early adopted for the financial period being reported on: Effective for annual periods New and Revised Standards beginning on or after IAS 21 The Effects of Changes in Foreign Exchange Rates - Amendments to clarif y the translation of financial statements from a non - hyperinflationary currency into a hyperinflationary one January 1, 2027 IAS 7, IFRS 1, IFRS 7, Amendments arising from Annual Improvements IFRS 9 and IFRS 10 to IFRS Standards Volume 11 January 1, 2026 IFRS 7 and IFRS 9 - Amendments relating to the classification and measurement of financial instruments January 1, 2026

Page 7 GWEST CORPORATION LIMITED NOTES TO THE FINANCIAL STATEMENTS YEAR ENDED MARCH 31, 20 26 2 ADOPTION OF NEW AND REVISED INTERNATIONAL FINANCIAL REPORTING STANDARDS (IFRSs) (Cont’d) 2.3 Standards , interpretations and amendments to existing standards that are not yet effective and have not yet been early adopted by the company (Cont’d) Effective for annual periods New and Revised Standards beginning on or after IFRS 7 and IFRS 9 - Amendments to address the application of IFRS 9 to power purchase agreements January 1, 2026 IFRS 18 Presentation and Disclosures in Financial Statements January 1, 2027 IFRS 19 Subsidiaries without Public Accountability: Disclosures January 1, 2027 New and Revised Standards and Interpretations in issue not yet effective that are relevant The Board of Directors and management have assessed the impact of all the new and revised Standards and Interpretations in issue not yet effective and have concluded that the following are relevant to the operations of the company: IFRS 18 : Presentation and Disclosures in Financial Statements IFRS 18 replaces IAS 1, carrying forward many of the requirements in IAS 1 unchanged and complementing them with new requirements. In addition, some IAS 1 paragraphs have been moved to IAS 8 and IFRS 7. Furthermore, the IASB has made minor amendments to IAS 7 and IAS 33 Earnings per Share. IFRS 18 introduces new requirements to:  present specified categories for classifying income and expenses such as operating, investing and financing , and defined subtotals in the statement of profit or loss  provide disclosures on manag ement defined performance measures (MPMS) in the notes to the financial statements  improve aggregation and disaggregation A n entity is required to apply IFRS 18 for annual reporting periods be ginning on or after January 1, 2027, with earlier application permitted. The amendments to IAS 7 and IAS 33, as well as the revised IAS 8 and IRFS 7, become effective when an entity applies IFRS 18 . IFRS 18 requires re trospective application with specific transition provisions. Management will continue to assess an d analyse the impact of adopting IFRS 18 on the financial statements and will develop the plan for implementation. 3. SIGNIFICANT ACCOUNTING POLICIES 3.1 Statement of compliance The company’s financial statements have been prepared in accordance and comply with International Financial Reporting Standards (IFRS) as issued by the International Accounting Standards Board (IASB), a nd the relevant requirements of the Companies Act, 200 4 of Jamaica. 3.2 Basis of preparation The financial statements have been prepared under the historical cost basis except for certain propert ies and financial instruments that are measured at revalued amount s or fair values at the end of each reporting period, as explained in the accounting policies below. Historical cost is generally based on the fair value of the consideration given in exchange for good s and service s . In accordance with the requirements of IAS 1 – Presentation of Financial Statements – the directors have, at the time of approving the financial statements, a reasonable expectation that the company h as adequate resources to continue in operational existence for the foreseeable future. Thus they continue to adopt the going concern b asis of accounting in preparing the financial statements The principal accounting policies adopted are set out below .

Page 8 GWEST CORPORATION LIMITED NOTES TO THE FINANCIAL STATEMENTS YEAR ENDED MARCH 31, 20 26 3. SIGNIFICANT ACCOUNTING POLICIES (Cont’d) 3. 3 Current versus non - current classification The company presents assets and liabilities in the statement of financial position based on current/non - current classification. An asset is current when it is:  Expected to be realised or intended to sold or consumed in the normal operating cycle  Held primarily for the purpose of tr ading  Expected to be realised within twelve months after the reporting period, or  Cash or cash equivalents unless restricted from being exchanged or used to settle a liability for at least twelve months after the reporting period All other assets are classified as non - current. A liability is current when:  It is expected to be settled in the normal operating cycle  It is held primarily for the purpose of trading  It is due to be settled within twelve months after the reporting period, or  There is no un conditional right to defer the settlement of the liability for at least twelve months after the reporting period The company classifies all other liabilities as non - current. Deferred tax assets and liabilities are classified as non - current assets and lia bilities. 3. 4 Fair value measurement Fair value is the price that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date. The fair value measurement is based on the presumption that the transaction to sell the asset or transfer the liability takes place either:  In the principal market for the asset or liability, or  In the absence of a principal market, in the most advantageous market for the asset or liability T he principal or the most advantageous market must be accessible to by the company. The fair value of an asset or a liability is measured using the assumptions that market participants would use when pricing the asset or liability, assuming that market par ticipants act in their economic best interest. A fair value measurement of a non - financial asset takes into account a market participant’s ability to generate economic benefits by using the asset in its highest and best use or by selling it to another mar ket participant that would use the asset in its highest and best use. The company uses valuation techniques that are appropriate in the circumstances and for which sufficient data are available to measure fair value, maximising the use of relevant observable inputs and minimising the use of unobservable input. All assets and liabilities for which fair value is measured or disclosed in the financial statements are categorised within the fair value hierarchy, described as follows, based on the lowest level input that is significant to the fair value measurement as a whole:  Level 1 – Quoted (unadjusted) market prices in active markets for identical assets or liabilities  Level 2 – Valuation techniques for which the lowest level input that is significant to the fair value measurement is directly or indirectly observable  Level 3 – Valuation techniques for which the lowest level input that is significant to the fair valu e measurement is unobservable

Page 9 GWEST CORPORATION LIMITED NOTES TO THE FINANCIAL STATEMENTS YEAR ENDED MARCH 31, 20 26 3 . SIGNIFICANT ACCOUNTING POLICIES (Cont’d) 3. 4 Fair value measurement (Cont’d) For the purpose of fair value disclosures, the company has determined classes of assets and liabilities on the basis of the nature, characteristics and risks of the asset or liability and the level of the fair value hierarchy as explained above. 3. 5 Property and equipment P roperty and equipment held for use in the production or supply of goods or services, or for administrative purposes, are stated in the statement of financial position at historical or deemed cost or at the ir revalued amount being the fair value at the date of valuation , less any subsequent accumulated depreciation and subsequent accumulated impairment losses. Revaluations on land and building s are performed with sufficient regularity such that the carrying a mounts do not differ materially from those that would be determined using fair values at the end of each reporting period. Any revaluation increase arising on the revaluation of such land and buildings is recognised in other comprehensive income and accum ulated in equity. Properties in the course of construction for production, rental or administrative purposes, or for purposes not yet determined, are carried at cost including professional fees, less any recognised impairment loss. Depreciation of these assets, on the same basis as other property assets, commences when the assets are ready for their intended use. Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives, using the str aight - line method. The estimated useful lives, residual values and depreciation methods are reviewed at the end of each reporting period , with the effect of any changes in estimate accounted for on a prospective basis. Freehold land is not depreciated. An item of property and equipment is de - recognised upon disposal or when no future economic benefits are expected to arise from the continued use of the asset. Any gain or loss arising on the disposal or retirement of an item of property and equipment is d etermined as the difference between the sales proceeds and the carrying amount of the asset and is recognised in profit or loss. 3. 6 Investment properties Investment properties representing completed strata units are properties held to earn rentals and/o r for capital appreciation. Investment properties are measured initially at cost including transaction costs. Transactions costs include development and other costs that enhance the value of the properties to enable sale or rental at maximum value. Subs equent to initial recognition investment properties are measured at fair value being their revalued amount representing open market values determined by external valuators or the directors. Gains or losses arising from changes in the fair value of investm ent properties are included in profit or loss in the period in which they arise. Investment properties are revalued every three years by independent valuators and otherwise by the directors . An investment property is de - recognised upon disposal or when the investment property is permanently withdrawn from use and no future economic benefits are expected from the disposal. Any g ain or loss arising on the de - recognition of the investment property ( determined as the difference between the net disposal proceeds and the carrying amount of the asset ) is recognised in profit or loss in the period in which the property is de - recognised. 3.7 Inventory Inventor y are stated at the lower of cost and net realisable value . Cost comprises direct materials and where applicable those overheads that have been incurred in bring the inventories to their present location and condition. Cost is calculated using the weighted average cost method.

Page 10 GWEST CORPORATION LIMITED NOTES TO THE FINANCIAL STATEMENTS YEAR ENDED MARCH 31, 20 26 3. SIGNIFICANT ACCOUNTING POLI CIES (Cont’d) 3. 8 Leases The company as lessee The company assesses whether a contract is or contains a lease, at inception of the contract that is, whether the contract conveys the right to control the use of the identified asset for a period of time in exchange for consideration . The company recognises a right - of - use asset and a corresponding lease liability with respect to all lease arrang ements in which it is the lessee, except for short - term leases (defined as leases with a lease term of 12 months or less) and leases of low value assets. For these leases, the company recognises the lease payments as an operating expense on a straight - line basis over the term of the lease unless another systematic basis is more representative of the time pattern in which economic benefits from the leased assets are consumed . Right - of - use assets The right - of - use assets comprise the initial measurement of the corresponding lease liability, lease payments made at or before the commencement day, less any lease incentives received and any initial direct costs. They are subsequently measured at cost less accumulated depreciation and impairment losses. Right - of - use assets are depreciated on a straight line basis over the shorter period of lease term and usef ul life of the underlying asset as follows:  Commercial units - 7 years The depreciation starts at the commencement date of the lease. The right - of - use assets are presented as a separate line in the statement of financial position. The company applies IAS 36 to determine whether a right - of - use asset is impaired and accounts for any identified impairment loss as described in the ‘Property and Equipment’ policy at Note 3.5. Lease liabilities The lease liability is initially measured at the present value of the lease payments that are not paid at the commencement date, discounted by using the rate implicit in the lease. If this rate cannot be r eadily determined, the lessee uses its incremental borrowing rate. Lease payments included in the measurement of the lease liability comprise: • Fixed lease payments (including in - substance fixed payments), less any lease incentives receivable; • Payments of penalties for terminating the lease, if the lease term reflects the exercise of an option to terminate the lease. The lease liability is presented as a separate line in the s tatement of financial position. The lease liability is subsequently measured by increasing the carrying amount to reflect interest on the lease liability (using the effective interest method) and by reducing the carrying amount to reflect the lease payments made . The company as lessor T he company enters into lease agreements as a lessor with respect to some of its investment properties. Such l eases for which the company is a lessor and where the company does not transfer substantially all the risks and rewards incidental to ownership, are classifi ed as operating leases. Rental income from operating leases is recognised on a straight - line basis over the term of the relevant lease. Initial direct costs incurred in negotiating and arranging an operating lease are considered immaterial and therefore recognised immediately in profit or loss.

Page 11 GWEST CORPORATION LIMITED NOTES TO THE FINANCIAL STATEMENTS YEAR ENDED MARCH 31, 20 26 3. SIGNIFICANT ACCOUNTING POLICIES (Cont’d) 3.8 Leases (Cont’d) The company as lessor (Cont’d) Rental income from operating leases is recognised on a straight - line basis over the term of the relevant lease. Initial direct costs incurred in negotiating and arranging an operating lease are considered immaterial and therefore recognised immediately in profit or loss. 3 . 9 Impairment of non - financial assets At the end of each reporting period, the company reviews the carrying amounts of its non - financial assets to determine whether there is any indication that those assets have suffered an impairment loss. If any such indication exists, the recoverabl e amount of the asset is estimated in order to determine the extent of the impairment loss (if any). Where it is not possible to estimate the recoverable amount of an individual asset, the company estimates the recoverable amount of the cash - generating un it to which the asset belongs. Recoverable amount is the higher of fair value less costs to sell and value in use. In assessing value in use, the estimated future cash flows are discounted to their present value using a pre - tax discount rate that reflects current market assessments of the time value of money and the risks specific to the asset for which the estimates of future cash flows have not been adjusted. If the recoverable amount of an asset (or cash - generating unit) is estimated to be less than it s carrying amount, the carrying amount of the asset (cash - generating unit) is reduced to its recoverable amount. An impairment loss is recognised in the statement of income, unless the relevant asset is carried at a revalued amount, in which case the impa irment loss is treated as a revaluation decrease. Whe n an impairment loss subsequently reverses, the carrying amount of the asset (cash - generating unit) is increased to the revised estimate of its recoverable amount, but so that the increased carrying amount does not exceed the carrying amount that would have been determined had no impairment loss been recognised for the asset (cash - generating unit) in prior years. A reversal of an impairment loss is recognized as income immediately in the statement of income, unless the relevant asset is carried at a revalued amount, in which case the reversal of the impairment loss is treated as a revaluation increase. 3. 10 Financial instruments Financial instruments include transactions that give rise to both financial assets and financial liabilities. Financial assets and liabilities are recognised on the c ompany’s statement of financial position when the c ompany becomes a party to the contractual provisions of the instrument. Financial assets and financial liabilities are initially measured at fair v alue. Transaction costs that are directly attributable to the acquisition or issue of financial assets and financial liabilities are added to or deducted from the fair value of the financial assets or financial liabilities (except for financial assets and financial liabili ties at fair value through profit or loss where such costs are recognised immediately in profit or loss), as appropriate, on initial recognition. The fair values of financial instruments are discussed at Note 2 8 . Listed below are the company’s financial assets and liabilities and specific accounting policies relating to each: 3. 10 .1 Financial assets Initial recognition and measurement Financial assets are classified, at initial recognition, as subsequently measured at amortised cost, fair value through other comprehensive income (OCI), and fair value through profit or loss.

Page 12 GWEST CORPORATION LIMITED NOTES TO THE FINANCIAL STATEMENTS YEAR ENDED MARCH 31, 20 26 3. SIGNIFICANT ACCOUNTING POLICIES (Cont’d) 3.10 Financial instruments (Cont’d) 3. 10 .1 Financial assets (Cont’d) Initial recognition and measurement (Cont’d) The classification of financial assets at initial recognition depends on the financial asset’s contractual cash flow characteristics and the c ompany’s business model for managing them. With the exception of trade receivables that do not contain a significa nt financing component or for which the c ompany has applied the practical expedient, the c ompany initially measures a financial asset at its fair value plus, in the case of a financial asset not at fair value through profit or loss, transaction costs. Trad e receivables that do not contain a significant financing component or for which the company has applied the practical expedient are measured at the transaction price determined under IFRS 15 . In order for a financial asset to be classified and measured a t amortised cost or fair value through OCI, it needs to give rise to cash flows that are ‘solely payments of principal and interest (SPPI)’ on the principal amount outstanding. This assessment is referred to as the SPPI test and is performed at an instrume nt level. The c ompany’s business model for managing financial assets refers to how it manages its financial assets in order to generate cash flows. The business model determines whether cash flows will result from collecting contractual cash flows, selling the financial assets, or both. Purchases or sales of financial assets that require delivery of assets within a time frame established by regulation or convention in the market place (regular way trades) are recognised on the trade date, i.e., the date that the c ompany c ommits to purchase or sell the asset. Subsequent measurement For purposes of subsequent measurement, financial assets are classified in four categories:  Financial assets at amortised cost (debt instruments)  Financial assets at fair value through OCI wit h recycling of cumulative gains and losses (debt instruments)  Financial assets designated at fair value through OCI with no recycling of c umulative gains and losses upon derecognition (equity instruments)  Financial assets at fair value through profit or l oss . Financial assets at amortised cost (debt instruments) This category is the most relevant to the c ompany. The c ompany measures financial assets at amortised cost if both of the following conditions are met:  The financial asset is held within a business model with the objective to hold financial assets in order to collect contractual cash flows and  T he contractual terms of the financial asset give rise on specified dates to cash flows that are solely payments of principal and interest on t he principal amount outstanding. Financial assets at amortised cost are subsequently measured using the effective interest (EIR) method and are subject to impairment. Gains and losses are recognised in profit or loss when th e asset is derecognised, modified or impaired. The c ompany’s financial a ssets at amortised cost include trade and other receivables and cash and bank balances. De - recognition of financial assets A financial asset (or, where applicable, a part of a financial asset or part of a group of similar financial assets) is primarily derecognised (i.e., removed from the company’s statement of financial position) when:  The rights to receive cash flows from the asset have expired ; or ,

Page 13 GWEST CORPORATION LIMITED NOTES TO THE FINANCIAL STATEMENTS YEAR ENDED MARCH 31, 20 26 3. SIGNIFICANT ACCOUNTING POLICIES (Cont’d) 3.10 Financial instruments (Cont’d) 3. 10 .1 Financial assets (Cont’d) De - recognition of financial assets (Cont’d) A financial asset is derecognised when: (Cont’d)  The c ompany has transferred its rights to receive cash flows from the asset or has assumed an obligation to pay the received cash flows in full without material delay to a third party under a ‘pass - through’ a rrangement; and either (a) the c ompany has transferred substantially all the risks and rew ards of the asset, or (b) the co mpany has neither transferred nor retained substantially all the risks and rewards of the asset, but has transferred control of the asset . When the c ompany has transferred its rights to receive cash flows from an asset or has entered into a pass - through arrangement, it evaluates if, and to what extent, it has retained the risks and rewards of ownership. When it has neither transferred nor retained substantially all of the risks and rewards of the asset, nor transferred control of the asset, the c ompany continues to recognise the transferred asset to the extent of its continuing involvement. In that case, the c ompany also recognises an associated liability. The transferred asset and the associated liability are measured on a basis that reflects the rights and obligations that the c ompany has retained. Continuing involvement that takes the form of a guarantee over the transferred asse t is measured at the lower of the original carrying amount of the asset and the maximum amount of consideration that the c ompany could be required to repay. Impairment The c ompany recognises an allowance for expected credit losses (ECLs) for all debt instruments not held at fair value through profit or loss. ECLs are based on the difference between the contractual cash flows due in accordance with the contract a nd all the cash flows that the c ompany expects to receive, discounted at an approximation of the original effective interest rate. The expected cash flows will include cash flows from the sale of collateral held or other credit enhancements that are integral to the contractual terms. E CLs are recognised in two stages. For credit exposures for which there has not been a significant increase in credit risk since initial recognition, ECLs are provided for credit losses that result from default events that are possible within the next 12 - mo nths (a 12 - month ECL). For those credit exposures for which there has been a significant increase in credit risk since initial recognition, a loss allowance is required for credit losses expected over the remaining life of the exposure, irrespective of the timing of the default (a lifetime ECL). For trade receivables, the c ompany applies a simplified approach in calculating ECLs. Therefore, the c ompany does not track changes in credit risk, but instead recognises a loss allowance based on lifetime EC Ls at each reporting date. The c ompany has established a provision matrix that is based on its historical credit loss experience, adjusted for forward - looking factors specific to the debtors and the economic environment. The c ompany considers a financial asset in default when contractual payments are 365 days past due. However, in certain cases, the c ompany may also consider a financial asset to be in default when internal or external information indicates that the company is unlikely to receive the outstanding contractual amounts in full before taking into account any credit enhancements held by the company. A financial asset is written off when there is no reasonable expectation of recovering the contractual cash flows. 3. 10 .2 Financial liabilities Initial recognition and measurement Financial liabilities are classified, at initial recognition, as financial liabilities at fair value through profit or loss, loans and borrowings, payables, or as derivatives designated as hedging instruments in an effective he dge, as appropriate .

Page 14 GWEST CORPORATION LIMITED NOTES TO THE FINANCIAL STATEMENTS YEAR ENDED MARCH 31, 20 26 3. SIGNIFICANT ACCOUNTING POLICIES (Cont’d) 3.10 Financial instruments (Cont’d) 3. 10 .2 Financial liabilities (Cont’d) Initial recognition and measurement (Cont’d) All financial liabilities are recognised initially at fair value and, in the case of loans and borrowings and payables, net of directly attributable transaction costs. The c ompany’s financial liabilities include trade and o ther payables, borrowings and due to related parties. After initial recognition, interest - bearing loans and borrowings are subsequently measured at amortised cost using the EIR method. Gains and losses are recognised in profit or loss when the liabilities are de - recognised as well as through the EIR amortisat ion process. Amortised cost is calculated by taking into account any discount or premium on acquisition and fees or costs that are an integral part of the EIR. The EIR amortisation is included as finance costs in the statement of profit or loss. De - recogn ition of financial liabilities A financial liability is de - recognised when the obligation under the liability is discharged, cancelled or expires. Where an existing financial liability is replaced by another from the same lender on substantially different terms, or the terms of an existing liability are substantially modified, such an exchange or modification is treated as a de - recognition of the original liability and the recognition of a new liability. The difference between the carrying value of the ori ginal financial liability and the consideration paid is recognised in the statement of profit or loss . 3. 10 .3 Related party A party is related to the company if: (i) directly, or indirectly through one or more intermediaries, the party: - controls, is controlled by, or is under common control with, the company; - has an interest in the entity that gives it significant influence over the company; or - has joint control over the company; (ii) the party is an associate of the company; (iii) the party is a joint venture in which the company is a venturer; (iv) the party is a member of the key management personnel of the company or its parent; (v) the party is a close member of the family of any individual referred to in (i) or (iv); (vi) the party is an entity that is controlled, jointly controlled or significantly influenced by, or fo r which significant voting power in such entity resides with, directly or indirectly, any individual referred to in (iv) or (v); or (vii) the party is a post - emp loyment benefit plan for the benefit of employees of the company, or of any entity that is a related party of the company. Related party transactions are recorded at their fair values at transaction dates in accordance with the company’s normal policy. Except for loans from the shareholders, interest is not charged on these balances as they are settled in a short period. 3 . 11 Provisions Provisions are recognised when the c ompany has a present obligation ( legal or constructive ) as a result of past event s , it is probable that the company will be required to settle the obligation, and a reliable estimate can be made of the amount of the obligation . The amount recognised as a provision is the best estimate of the consideration required to settle the present obligation at the end of the reporting period, taking into account the risks and uncertainties surrounding the obligation. Whe n a provision is measured using the cash flows estimated to settle the present obligation, its carrying amount is the pres ent value of those cash flows (whe n the effect of the time value of money is material).

Page 15 GWEST CORPORATION LIMITED NOTES TO THE FINANCIAL STATEMENTS YEAR ENDED MARCH 31, 20 26 3. SIGNIFICANT ACCOUNTING POLICIES (Cont’d) 3. 12 Revenue recognition Revenue is measured at the fair value of the consideration received or receivable in the normal course of business, net of discounts and sales related taxes. The company recognises revenue from the following major sources: 3.12.1 Sale of commercial devel opment units Revenue for the sale of completed units is recognised when the sale agreement has been signed and the amount of revenue can be measured reliably with transfer of the title to the purchaser substantially completed. 3.12.2 Pat i ent fees Revenu e for healthcare services is recognised when the services are provided. 3. 1 2 . 3 Interest income Interest income from a financial asset is recogni s ed when it is probable that the economic benefits will flow to the company and the amount of the income can be measure d reliably. Interest income is accrued on a time bas i s, by reference to the principal outstanding and at the effective interest rate applic able, which is the rate that exactly discounts estimated future cash receipts through the expected life of the financial assets to that asset’s net carrying amount. 3. 1 2 . 4 Lease rentals The company policy for recognition of revenue from operating lease s are disclosed in Note 3. 8 . 3.1 3 Taxation Income tax expense represents the sum of tax currently payable and deferred tax. Current tax The tax currently payable is based on taxable profit for the year. Taxable profit differs from the “profit before tax” as reported in the statement of profit or loss and other comprehensive income because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The company’s liability for current tax i s calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period. Deferred tax Deferred tax is recognised on temporary differences between the carrying amount of assets and liabilities in the financial statem ents and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable temporary differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible temporary differences can be utilised. Such deferred tax assets and liabilities are not recognised if the temporary difference arises from the initial recognition of other assets and liabilities in a transaction that affects neither the taxable profit nor the accounting profit. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profit will be available to allow all or part of the asset to be recovered. Deferred tax liabilities and assets are measured at the tax rates that are expected to apply in the period in which the liability is se ttled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. The measurement of deferred tax liabilities and assets reflects the tax consequences that would follow from the manner in which the company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities. Deferred tax assets and liabilities are offset when there is a legally enforceable right to set off curre nt tax assets against current tax liabilities and when they relate to income taxes levied by the same taxation authority and the company intends to settle its current tax assets and liabilities on a net basis.

Page 16 GWEST CORPORATION LIMITED NOTES TO THE FINANCIAL STATEMENTS YEAR ENDED MARCH 31, 20 26 3. SIGNIFICANT ACCOUNTING POLICIES (Cont’d) 3.13 Taxation (Cont ’d ) Current and deferred tax for the period Current and deferred tax are recognised in profit or loss, except when they relate to items that are recognised in other comprehensive income or directly in equity, in which case the current and deferred tax are also recognised in other comprehensive income or directly in equity, respectively. 3. 1 4 Borrowing costs Borrowing costs directly attributable to the acquisition, construction or production of qualifying assets, which are assets that necessarily take a substantial period of time to get ready for their intended use or sale, are added to the cost of those assets, until such time as the assets are substant ially ready for their intended use or sale. All other borrowing costs are recognised in profit or loss in the period in which they are incurred. 3. 1 5 Foreign currencies The financial statements are presented in Jamaican dollars, the currency of the primary economic environment in which the company operates (its functional currency). In preparing the financial statements of the company, transactions in currencies other than th e company’s functional currency are recorded at the rates of exchange preva iling on the dates of the transactions. At the end of each reporting period, m onetary items denominated in foreign currencies are retranslated at the rates prevailing at that date. Non - monetary items that are measured in terms of historical cost in a for eign currency are not retranslated. Exchange differences on foreign currency relating to qualifying assets are included in the cost of the assets in the period in which they arise. 3.1 6 Segment reporting An operating segment is a component of the company that engages in business activities from which it may earn revenues and incur expenses; whose operating results are regularly reviewed by the entity’s Chief Operating Decision Maker (CODM) to make decisions about resources to be allocated to the se gment and assess its performance; and for which discrete financial information is available. Based on the information presented to and reviewed by the CODM, the operations of the company are considered as one operating segment. 4 . CRITICAL ACCOUNTING JUDGEMENTS AND KEY SOURCES OF ESTIMATION UNCERTAINTY In the application of the company’s accounting policies, which are described in Note 3, directors and management are required to make judgements, estimates and assumptions about the carrying amounts of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these est imates. The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised if the revision affects only that period, or in the period of the revision a nd future periods if the revision affects both current and future periods. 4 .1 Critical judgements in applying accounting policies The following i s the critical judgement , apart from those involving estimation s which are presented separately below, that the directors have made in applying the company’s accounting policies and that ha s the most significant effect on the amounts recognised in the financial statements :

Page 17 GWEST CORPORATION LIMITED NOTES TO THE FINANCIAL STATEMENTS YEAR ENDED MARCH 31, 20 26 4. CRITICAL ACCOUNTING JUDGEMENTS AND KEY SOURCES OF ESTIMATION UNCERTAINTY (Cont’d) 4.1 Critical judgements in applying accounting policies (Cont’d) Critical judgements that has the most significant effect on amounts recognised in the financial statements: (Cont’d) 4.1.1 Determining the lease term of contracts with renewal and termination options – company as a lessee The company determines the lease term as the non - cancellable term of the lease, together with any p eriod covered by an option to extend the lease if it is reasonably certain to be exercised, or any periods covered by an option to terminate the lease, if it is reasonably certain not to be exercised. The company has lease contracts that include extensions and termination options. The company applies judgement in evaluating whether it is reasonably certain whether or not to exercise the option to renew or terminate the lease. That is, considers all relevant factors that create an economic incentive for it to exercise either the renewal or termination. After the commencement date, the company reassesses the lease term if there is a significant event or change in circumstances that is within its control and affects its ability to exercise or not to exercise the option to renew or to terminate. The company ex clude d the renewal period as part of the lease term for leases o f property, as it does not typically exercise its option to renew these leases . The periods covered by termination options are ex cluded as part of the lease term only when they are reasonably certain not to be exercised. 4.2 Key sources of estimation uncertainty The following are the key assumption s concerning the future and other key sources of estimation uncertainty at the end of the reporting period that ha ve a significant risk of causing a material adjustment to the carrying amount of assets and liabilities within the next financial year. 4.2.1 Expected useful life and residual value of property and equipment The expected useful life and residual value of an asset are reviewed at least at each financial year end . Useful life of an asset is defined in terms of the asset's expected utility to the c ompany . 4.2.2 Investment propert ies Investment propert ies are carried in the statement of financial position at market value. The company nor mally uses independent qualified property appraisers to value its investment properties every three years , generally using the income approach. This approach takes into consideration various assumptions and factors including: the level of current and future occupancy, the rate of annual rent increases, the rate of inflation of direct expenses, the appropriat e discount rate, and the current condition of the properties together with an estimate of future maintenance and capital expenditures. Reference is also made to recent comparable sales. However, outside of the every - three - year independent valuations, th e directors carry out their own valuations which are sometimes limited to the change in foreign exchange rates but may also be based on the market comparison approach that reflects recent transaction prices for similar properties. A change in any of these assumptions and factors could have a significant impact on the valuation of investment propert ies . 4.2.3 Allowance for expected credit losses The c ompany uses a provision matrix to calculate ECLs for trade receivables. The provision rates are based on d ays past due for various ageing buckets and the related loss patterns. The provision ma trix is initially based on the c ompany’s historic al observed default rates. The c ompany will calibrate the matrix to adjust the historical credit loss experience with fo rward - looking information . For instance, if forecast economic conditions (i.e., gross domestic product, inflation and foreign exchange rates) are expected to deteriorate over the next year which can lead to an increased number of defaults in the medical services and real estate sector s , the historical default rates are adjusted .

Page 18 GWEST CORPORATION LIMITED NOTES TO THE FINANCIAL STATEMENTS YEAR ENDED MARCH 31, 20 26 4. CRITICAL ACCOUNTING JUDGEMENTS AND KEY SOURCES OF ESTIMATION UNCERTAINTY (Cont’d) 4.2 Key sources of estimation uncertainty (Cont’d) 4.2.3 Allowance for expected credit losses (Cont’d) At every reporting date, the historical observed default rates are updated and changes in the forward - looking estimates are analysed. The assessment of the correlation between historical observed default rates, forecast economic conditi ons and ECLs is a significant estimate. The amount of ECLs is sensitive to changes in circumstances and of for ecast economic conditions. The c ompany’s historical credit loss experience and forecast of economic conditions may also not be representative of c ustomer’s actual default in the future. The information about the ECLs on the c ompany’s trade receivables is disclosed in Note 10. At year end accounts receivable total ed $ 27.533 million (202 5 : $ 21.089 million) for which an allowance for expected cred it losses of $ 20.7 million (202 5 : $ 19.6 million) (Note 10) was recognised. 4 .2. 4 Income and deferred taxes Estimates are required in determining the provisions for income taxes. There are some transactions and calculations for which the ultimate tax determination is uncertain during the ordinary course of business. The company recognises liabilities for possibl e tax issues based on estimates of whether additional taxes will be due. Where the final tax outcome of these matters is different from the amounts that were originally recorded, such differences will impact the income tax and deferred tax provisions in th e period in which such determination is made. A change of +/ - 10% on the final outcome would have the effect of approximately $ 0. 367 million (20 2 5 : $ 0.629 million ) increase / decrease in current and deferred tax provisions. 4.2.5 Leases - estimating the incremental borrowing rate If the company cannot readily determine the interest rate implicit in the lease, it uses its incremental borrowing rate (IBR) to measure lease liabilities. The IBR is the rate of interest that the company would have to pay t o borrow over a similar term, and with a similar security, the funds necessary to obtain an asset of a similar value to the right - of - use asset in a similar economic environment. The IBR therefore reflects what the c ompany ‘would have to pay’, which require s estimation when no observable rates are available or when they need to be adjusted to reflect the terms and conditions of the lease. The company estimates the IBR using observable inputs (such as market interest rates) when available and is required to m ake certain entity - specific estimates (such as stand - alone credit rating).

Page 19 GWEST CORPORATION LIMITED NOTES TO THE FINANCIAL STATEMENTS YEAR ENDED MARCH 31, 20 26 5 . PROPERTY AND EQUIPMENT Building Furniture and and Land Improvements Fixtures Computers Equipment Total $’000 $’000 $’000 $’000 $’000 $’000 Cost or deemed cost Balance, April 1, 2024 and March 31, 2025 5,334 362,374 39,076 4,511 156,854 568,149 Additions - - - - 3,156 3,156 Balance, March 31, 2026 5,334 362,374 39,076 4,511 160,010 571,305 Accumulated depreciation Balance, April 1, 2024 - 27,780 19,435 4,232 58,167 109,614 Charge for the year - 9,059 3,908 278 15,685 28,930 Balance, March 31, 2025 - 36,839 23,343 4,510 73,852 138,544 Charge for the year - 9,059 3,908 - 16,074 29,041 Balance, March 31, 2026 - 45,898 27,251 4,510 89,926 167,585 Carrying amounts March 31, 2026 5,334 316,476 11,825 1 70,084 403,720 March 31, 2025 5,334 325,535 15,733 1 83,002 429,605 5.1 T he following useful lives are used in the calculation of depreciation: Freehold building - 40 years Furniture, fixture and equipment - 10 years Computers - 5 years 5 . 2 The company’s freehold land and buildings are stated at deemed cost being their revalued amounts based on a revaluation pe rformed by Allison Pitter & Co May 2018 . The gain on revaluation wa s recognised in property revaluation reserve. 5. 3 Assets pledge d as security The company’s obligation s under borrowing arrangements at March 31, 202 6 (see Note 1 6 ) relate to land and building with a carrying amount of $ 321.81 million (202 5 : $ 330.869 million ).

Page 20 GWEST CORPORATION LIMITED NOTES TO THE FINANCIAL STATEMENTS YEAR ENDED MARCH 31, 20 26 6 . INVESTMENT PROPERT IES 202 6 202 5 ‘000 ’000 Fair value Opening balance 668,500 723,675 Fair value gains 25,904 26,342 Disposals - ( 81,517 ) Closing balance 694,404 668,500 6 .1 Fair value measurement of the investment properties The fair value of the company’s investment properties for the year 202 6 was arrived at on the basis of a valuation carried out at March 31, 202 6 by Daniel Turner , independent V aluat or & Real Estate Dealer, not related to the company. The valuator , a principal of Daniel Turner Real Estate is a regi stered Real Estate Dealer with t he Real Estate Board and the Commission of Strata Corporation in Jamaica. He is a listed valuator with several banking institutions and has recent experience in the valuation of properties in the relevant location. The fair value was determined based on the market comparison approach that reflects recent transaction prices for similar properties. A fair value gain of $ 25.904 million (202 5 : $ 26.342 million) has been recognised in the statement of profit or loss. 6.2 Assets pledge d as security The company’s obligations under borrowing arrangements at March 31, 202 6 (see Note 1 6 ) relate to land and building , including the carrying amoun t of all the investment properties of $ 694.404 (202 5 : $ 668.5 ) million. 7 . LEASES Set out below are the carrying amount of the right - of - use assets and corresponding liabilities recogni s ed, and the movement during the period : 7.1 Right - of - use assets Leasehold units 202 6 202 5 $’000 $’000 At cost Opening balance 294,056 348,343 Depreciation ( 54,287 ) ( 54,287 ) Closing balance 239,769 294,056

Page 21 GWEST CORPORATION LIMITED NOTES TO THE FINANCIAL STATEMENTS YEAR ENDED MARCH 31, 20 26 7 . LEASES (Cont’d) 7.2 Lease liabilit ies 7.2.1 The carrying amount of the lease obligation and the movement during the period is as follows: 2026 2025 $’000 $’000 Opening balance 308,794 340,964 Accretion of interest 24,736 27,976 Payments ( 64,789) ( 66,245) Exchange adjustment ( 1,475 ) 6,0 9 9 Closing balance 267,266 308,794 Current portion 49,369 43,192 Non - current portion 217,897 265,602 267,266 308,794 7.2.2 Maturity analysis – contractual undiscounted cash flows: 202 6 202 5 $’000 $’000 Up to one year 72,693 67,899 One to five years 259,160 296,208 Over five years - 32,929 331,853 397,036 Less: future interest ( 64,587 ) ( 88,242 ) 267,266 308,794 7.2.3 Amounts recognised in profit or loss 202 6 2025 $’000 $’000 Depreciation expense on right - of - use assets 54,287 54,287 Interest expense on lease liability 24,736 27,976 79,023 82,263 7.2.4 Amounts recognised in the statement of cash flows 202 6 2025 $’000 $’000 Total cash outflow for leases 64,789 66,245 8. DEFERRED TAXATION 8 .1 Certain deferred tax assets and liabilities have been offset in accordance with the company’s accounting policy. The following is the analysis of the deferred tax balances : 20 2 6 20 2 5 $’000 $’000 Deferred tax assets 117,821 117,797 Deferred tax liabilities ( 27,126 ) ( 23,430 ) 90,695 94,367

Page 22 GWEST CORPORATION LIMITED NOTES TO THE FINANCIAL STATEMENTS YEAR ENDED MARCH 31, 20 26 8 . DEFERRED TAXATION (Cont’d) The movement during the year and prior year reporting periods in the company’s deferred tax position was as follows: 20 2 6 20 2 5 $’000 $’000 Balance opening 94,367 88,075 (Charged) Credited to income for the year (Note 26) ( 3,672 ) 6,292 Balance, closing 90,695 94,367 8 .2 The following are the major deferred tax liabilit ies and assets recogni s ed by the company during the current and prior periods. Deferred tax assets Unutilised Unrealised Tax Interest Exchange Accrued Losses Payable Losses Vacation Total $’000 $’000 $’000 $’000 $’000 At April 1, 20 24 110,120 7,579 224 33 117,956 (Charged) Credited to income for the year - - ( 207 ) 4 8 ( 159 ) At March 31, 20 25 110,120 7,579 17 81 117,797 (Charged) Credited to income for the year - - ( 17 ) 41 24 At March 31, 202 6 110,120 7,579 - 122 117,821 Deferred tax liabilities Claim for Capital Al lowances in Unrealised Excess of Exchange D epreciation Gains Total $’000 $’000 $’000 At April 1, 202 4 29,881 - 29,881 Credited t o income for the year ( 6,451 ) - ( 6,451 ) At March 31, 20 25 23,430 - 23,430 Charged t o income for the year 3,61 0 86 3,696 At March 31, 20 26 27,040 86 27,126 Up to March 31, 2020 deferred tax was recognised at a rate of 12½% as management believed that such amounts would be utilised in the 5 - 10 years period when the company will be entitled to a remission of 50% of income tax. Based on current projections management has re - evaluated the available evidence about futu re taxable income and the utilis ation of available tax losses and claim for capital al lowances on its properties and have concluded that recovery will extend beyond the 10 - year tax incentive period. Accordingly, provision for the related deferred tax assets and liabilities have been recognised at rates of 12½% and 25% based on the projecte d realisation period of such assets and liabilities. Additionally, approximately $ 6 8 million (202 5 : $ 62 million ) of net deferred tax assets have not been recognised in these financials . An evaluation will be done each year to determine if such amounts should be recognis ed or if additional amounts should be provided for.

Page 23 GWEST CORPORATION LIMITED NOTES TO THE FINANCIAL STATEMENTS YEAR ENDED MARCH 31, 20 26 9 . INVENTORY 202 6 202 5 $’000 $’000 Medical supplies 1,524 1,340 Inventory consists of the balance of medical supplies used in patients’ medical procedures. 10. TRADE AND OTHER RECEIVABLES 202 6 202 5 $’000 $’000 Trade receivables 27,533 21,089 Less: allowance for expected credit loss ( 20,74 9 ) ( 19,603 ) 6,784 1,486 Security deposits refundable 1,868 1,868 Strata Plan 2678 37,686 37,741 Prepayments 33,28 7 20,886 Bull Investments Limites (See Note 10.1) - 43,932 Other receivables 18,282 17,354 97,907 123,267 The average credit period on the pro vision of services is 30 days. No interest is charged on outstanding trade receivables. Before accepting any new customer, the company uses an internal process to assess the potential customer’s credit quality and defines credit limits by customer. Limits and scoring attributed to customers are reviewed regularly . Of the trade receivables balance at the end of the reporting period, there was no customer with a balance representing 5% or more ( 202 4 : one customer , the Ministry of Health and Wellness (MOH) , with balance of $ 31.45 million representing 55.7 %) of the total trade receivables. In t he prior year the company ha d an agreement wi th the MOH who guaranteed payment of the amount . The company holds security deposits of one month’s lease rental as collateral over some balances. It does not have a legal right of offset against any other amount owed by the company to the counterparty. The company measures the loss allowance for trade receivables at an amount equal to lifetime expected credit loss (ECL). The expected credit losses on trade receivables are estimated using a provision matrix by reference to past default experience of the debtor and an analysis of the debtor’s current financial position, adjusted for factors that are specific to the debtors, general economic conditions of the industry in which the debtors operate and an assessment of both the current as well as the forecast direction of conditions at the reporting date. The company has recognised a loss allowance of 100 % against receivables due for over 180 days (20 2 5 : 1 0 0 % for over 180 days ) because historical experience has indicated that these receivables are generally not recoverable. Movement in allowance for expected credit losses 202 6 202 5 $’000 $’000 Opening balance 19,603 20,868 Expected credit loss recognised (de - recognised) in year 1,146 ( 1,265 ) Closing balance 20,749 19,603

Page 24 GWEST CORPORATION LIMITED NOTES TO THE FINANCIAL STATEMENTS YEAR ENDED MARCH 31, 20 26 10 . TRADE AND OTHER RECEIVABLES (Cont’d) In determining the recoverability of receivable s , the company considers any changes in the credit quality of the receivable from the date credit was initially granted up to the end of the reporting period. The concentration of credit risk is limited due to the fact that the customer base is large and unrelated. The directors believe that, at the end of the reporting period, the re is no further credit provision required in excess of the allowance for doubtful debts . Ageing of impaired trade receivables 202 6 202 5 $’000 $’000 31 – 60 days - 87 91 – 180 days 739 158 Over 180 days 20,025 19,357 20,764 19,602 1 1 . BALANCES / TRANSACTIONS WITH RELATED PARTIES Details of transactions with related parties are disclosed below: 1 1 .1 Amounts owed by (to) related parties Amounts owed by Interest expense Lease rental i ncome (t o ) r elated p art ies 202 6 202 5 202 6 202 5 202 6 202 5 $’000 $’000 $’000 $’000 $’000 $’000 Bull Investments Limited - 3,288 2,266 1,867 ( 1,421 ) ( 5,222) Cornwall Medical & Dental Limited - - 1,022 1,022 ( 325) 302 Radiology West Limited (Rad West) - - 22,059 15,105 3,553 ( 410) Northc oast Imaging Limited - - - - 8 - Owed to directors - - - - ( 18,522 ) ( 4,950 ) - 3,288 25,347 17,994 ( 16,707 ) ( 10,280 ) Reflected in statement of financial position: Owed by related parties 7,14 5 2,354 Owed to related parties ( 23,852 ) ( 12,633 ) ( 16,707 ) ( 10,279 ) The related companies a re all shareholders or are owned by directors/shareholders of the company. The amount ow ed by(to) these related parties include d $ 7.144 million (202 5 : $ 2.354 million) owing to the company for lease rental unpaid at the end of the reporting period. The amount owed to directors represents di rectors’ fees unpaid at the end of the reporting period. The related party balance s are unsecured and payable on demand. No interest is charged on the amounts and no amounts have been recogni s ed in expenses during the period in respect of bad or doubtful debts due to or from related parties . An un secur ed loan from Bull Investment s Limited is disclosed at Note16. 11.2 Borrowings – Shareholders’ loans Owed to shareholders 20 26 20 25 $’000 $’000 Shareholders’ loans 354,212 354,212 Accrued interest on shareholders’ loans 70,232 70,232 424,444 424,444

Page 25 GWEST CORPORATION LIMITED NOTES TO THE FINANCIAL STATEMENTS YEAR ENDED MARCH 31, 20 26 11. BALANCES / TRANSACTIONS WITH RELATED PARTIES (Cont’d) 11.2 Borrowings – Shareholders’ loans (cont’d) T he principal balances represent loans from shareholders including US$ 741,248 (20 2 5 : US$ 741,248 ) of which US$ 716,560 was used for the purchasing of the land used for development . There are no set terms of repayment, however management does not anticipate repayment within the next twelve months as the loans are subordinated to the bank loans. No interest was charged on loans during the year as the shareholders agreed to waive such charges as of 2017 . Up to 2017 interest was charged at a rate of 4% and 15% per annum on the US dollar and Jamaican dollar loans , respectively. The shareholders have agreed to carry all US dollar shareholder loans at their J$ equivalent as at March 31, 2021 . 11.3 Other amount s owed to related parties Trade payables include reservation deposits totaling $ 16.1 million (2025: $16.1 million ) received from related party shareholders who had advanced such fund s to be used as working capital and carried as deposits on units to be purchased in the future . ( S ee Note 17 (i) ) . 1 1 . 4 Compensation of key management personnel The remuneration of directors and other member s of key management during the period was as follows: 2026 202 5 $’000 $’000 Directors’ emoluments: - Fees 1,475 1,680 - Management remuneration 7,000 8,200 1 2 . SHORT TERM DEPOSITS 202 6 202 5 $’000 $’000 Foreign currency bank deposits (i) 24,401 38,454 Jamaican dollar bank deposits (ii) 602 602 25, 003 39,056 (i) These foreign currency deposits include a restricted balance of $ 23.7 million (20 2 5 : $37.8 million ) (Debt Service Reserve ac count) being held to service interest payments on borrowings as required by the lender. ( S ee Note 1 6 . 2 ( ii) ) . The amounts represent the Jamaican dollar equivalent of US$ 217,950 (20 2 5 : US$ 239,774 ). The deposits earn interest at an average rate of 1.68 % (20 2 5 : 0.5 3 % ) per annum. (ii) These bear interest at an average rate of 1.07 % (202 5 : 0.98 % ) per annum. 1 3 . CASH AND CASH EQUIVALENTS For the purpose of the cash flow statement, cash and cash equivalents comprise cash at bank which is held to meet cash requirements rather than for investment purposes.

Page 26 GWEST CORPORATION LIMITED NOTES TO THE FINANCIAL STATEMENTS YEAR ENDED MARCH 31, 20 26 13 . CASH AND CASH EQUIVALENTS (Cont’d) Cash and cash equivalents at the end of the reporting period as shown on the cash flow statement can be reconciled to the related items in the statement of financial position as follows: 202 6 202 5 $’000 $’000 Short term deposits (Note 12) 25,003 39,056 Trust accounts (i) 13,200 98 Operating accounts (ii) 2,328 2,608 Cash in transit 329 419 Cash and bank balances 15,857 3,125 Total cash and cash equivalents 40,860 42,181 (i) The T rust accounts are bank savings accounts initially used to maintain the reservation deposits received on sale of the units while under construction. These include foreign currency balance of $ Nil (20 2 5 : $ 0. 029 million [(US$ 186 ) ]. Interest rates at the end of the reporting period on the US$ and Jamaican currency balance s were at 1.68 % and 1.079 % (20 2 5 : 0 .533 % and 0. 5 3 % ) per annum , respectively. (ii) The operating accounts include foreign currency interest bearing balances totaling $ 0.836 million (20 2 5 : $ 0.269 million ). The average interest rate at the end of the reporting period was 0.13 % per annum (20 2 5 : 0. 1 8 % per annum) . 1 4. SHARE CAPITAL 1 4 .1 Authorised and i ssued s hares Ordinary 10% N on - redeemable shares p reference shares # # (i) Authorised : Balance, April 1, 20 2 4 , March 31 , 20 2 5 and March 31, 202 6 1,000,000,000 1,000,000 (ii) Issued and fully paid : Balance, April 1, 202 4 , March 31, 202 5 and March 31, 20 2 6 484,848,485 1,000,000 1 4 .2 Stated capital 10% cumulative Non - redeemable Ordinary preference shares share capital Total $ ’ 000 $ ’ 000 $’000 Balance, April 1, 202 4 , March 31, 202 5 and March 31, 202 6 419,152 250,000 669,152 1 4 . 3 The company has one class of ordinary shares which carry no right to fixed income.

Page 27 GWEST CORPORATION LIMITED NOTES TO THE FINANCIAL STATEMENTS YEAR ENDED MARCH 31, 20 26 1 4. SHARE CAPITAL (Cont’d) 1 4 . 4 By way of special resolution dated November 27, 2017 the company created 1 ,000,000 authorised 10% cumulative non - redeemable preference shares which were to be allocated to the shareholders prior to the IPO upon conversion of loan balances owing by the com pany to these shareholders. During 2019 , $250 million in loans payable were converted to the preference shares and allocated to the said shareholders in accordance with their shareholdings prior to the IPO . The 10% cumulative non - redeemable preference shares do not carry the right to vote except in circumstances were a resolution has been passed to wind up the company. The preference shareholders have decided to waive the interest charges for the current and prior year s . 1 5 . PROPERTY REVALUATION RESERVE The property revaluation reserve arises on the revaluation of land and buildings. When revalued land or buildings are sold the portion of the property revaluation reserve that relates to th ose assets is transferred directly to ret ained earnings. Items of other comprehensive income included in the property revaluation reserve will not be reclassified subsequently to profit loss. Generally, there are restriction s on distributions from the property revaluation reserve . These restrictions however, do not apply to any amounts transferred to retained earnings . 20 2 6 20 2 5 $’000 $’000 Balance at beginning of year and end of year 65,186 65,186 1 6 . BORROWINGS - OTHERS 202 6 202 5 $’000 $’000 16 .1 Secured – at amortised cost National Commercial Bank Jamaica Limited (NCB) (i), (ii) 53,529 110,822 MF&G Asset Management Limited (JMMB) (iii) 21,117 42,413 74,646 153,235 Uns ecured Bull Investments Limited (iv) 17,500 - Loan cost (v) ( 437) - 17,063 - 91,709 153,235 Current 43,027 38,661 Non - current 48,682 114,574 91,709 153,235

Page 28 GWEST CORPORATION LIMITED NOTES TO THE FINANCIAL STATEMENTS YEAR ENDED MARCH 31, 20 26 16 . BORROWINGS (Cont’d) 16 . 2 Summary of borrowing arrangements (i) The NCB loan received in 2020 as part of the company’s reorganisation strategy, was used to repay in full all previous loan obligations. Interest rate is at 9.75% per annum. The loan which ha d a one (1) year moratorium on its principal repayments, is repayable in 28 equal quarterly payments ending 2028. (ii) The loans are secured as follows:  First legal m ortgage over the property owned by the company at Lot 6 Bogue Estates stamped to cover $860 million (see Note 5.3 and 6.2) ;  Assignment of All Risk and Fire and Allied insurance issued to secure the facility;  Ass ignment of proceeds of lease income sufficient to cover debt servicing;  Maintenance of a D ebt S ervice Reserve Account (DSRA) with a minimum balance of two quarters’ payment of principal plus interest until debt serving coverage is at a minimum of 1.25:1;  J oint and several composite guarantee s of the directors / shareholders totaling $860 million;  Deed of subordination in favour of the bank in respect of repayment of directors’ and shareholders’ loans. (iii) This l oan facility totaling $103 million was agreed with JMMB and received in 2022 as follows :  Tranche 1 - $53 million  Tranche 2 - $50 million Interest rate on the JMMB loans is at 10% per annum with the amount capitalised. They were granted with the sole purpose of completi ng the construction and equipping the Ambulatory Surgery Centre and In - Patient Unit. The loans were for a period of 12 months commencing at date of issue. However , t hey carry an “option to purchase” property as a means of repayment thus extending the period of repayment . (iv) Th is unsecured loan is from a lending institution, Bull Investments Limited, who is also a related party. The new loan of $17.5 million received in the year is repayable over 42 months at an interest rate of 8% per annum. The agreement als o requires that the lender withh old an amount the equivalent of three months repayment as a Debt Service Reserve. 1 7 . TRADE AND OTHER PAYABLES 202 6 202 5 $’000 $’000 Trade payables 82,238 49,978 Reservation deposits (See 17 .1 below) 16,119 16,119 Security deposits 9,660 14,053 Accrued expenses 3,80 3 3,205 Other payables 9043 5,63 9 120,863 88,994 17 .1 These deposits include $ 16.119 million (202 5 : $ 16 . 119 million) received from several related party shareholders who advanced the funds for use as working capital, such funds are to be carried as deposits on units to be purchased in the future. (See Note 11.3 ) Th e company maintains B ank T rust account s with amount s totaling $ 13.2 million (20 2 5 : $ 0.98 million ) in support of these deposits. ( See Note 1 3 (i)).

Page 29 GWEST CORPORATION LIMITED NOTES TO THE FINANCIAL STATEMENTS YEAR ENDED MARCH 31, 20 26 18. PROVISIONS Employee benefits 20 26 2025 $’000 $’000 Balance, opening 654 264 Charged to income for year 320 390 Balance, closing 974 654 The provision for employees’ benefits represents annual leave entitlements accrued. 1 9 . REVENUE The following is an analysis of the revenue for the year 202 6 202 5 $’000 $’000 Revenue for rendering of services: Lease rentals 83,068 80,071 Medical services 200,828 187,871 283,896 267,942 20 . OTHER INCOME 202 6 202 5 $’000 $’000 Interest income 30 203 Strata – administrative fees - 3,500 Other - 606 30 4,309 2 1 . OTHER GAINS AND LOSSES 202 6 202 5 $’000 $’000 Fair value gains on investment properties 25,904 26,342 Loss on disposal of investment properties - ( 1,755) Foreign exchange gain s ( losses ) 2,336 ( 6,026 ) 28,240 18,561 2 2 . FINANCE COSTS 202 6 202 5 $’000 $’000 Interest on bank loans 9,649 20,037 Interest expense on lease liabilities (Note 7.2.3) 24,736 27,976 34,385 48,013

Page 30 GWEST CORPORATION LIMITED NOTES TO THE FINANCIAL STATEMENTS YEAR ENDED MARCH 31, 20 26 2 3 . EXPENSE S BY NATURE Total direct, administrative , and finance costs comprise: 202 6 202 5 $’000 $’000 Direct Medical professional fees 81,816 85,464 Medical supplies 20,890 16,118 Utilities 7,222 8,790 Property and equipment maintenance 22,287 20,067 Deprecation – right - of - use assets 54,287 54,287 186,502 184,726 Administrative Staff costs (Note 25) 43,920 38,192 Marketing, advertising and public relations 1,406 1,508 Legal and other professional fees 11,851 9,333 Telephone 405 1,369 Directors’ expenses 1,475 1,680 Office expenses 6,420 6,328 Depreciation – property and equipment 29,041 28,930 Bad debts expensed 5,631 3,641 Other 7,458 8,571 107,607 99,552 Finance Interest on borrowings – others 34,385 48,013 328,494 332,291 2 4 . LOSS BEFORE TAXATION The loss before taxation is stated after taking account of the following: 202 6 202 5 $’000 $’000 Expenses Directors’ fees 1,475 1,680 Audit fees 2,415 2,300 Depreciation of property and equipment 29,041 28,930 Depreciation of right - of - use assets 54,287 54,287 2 5 . STAFF COSTS Staff costs incurred during the year were: 202 6 202 5 $’000 $’000 Salaries, wages and statutory contributions 40,261 34,586 Other staff benefits 3,65 9 3,606 43,920 38,192

Page 31 GWEST CORPORATION LIMITED NOTES TO THE FINANCIAL STATEMENTS YEAR ENDED MARCH 31, 20 26 2 6 . TAXATION 2 6 .1 T ax charge ( credit ) for the year comprises: 202 6 202 5 $’000 $’000 Current tax - - Deferred tax adjustment (Note 8 ) 3,67 2 ( 6,292 ) 3,672 ( 6,292 ) 2 6 .2 The tax charge ( credit ) for the yea r can be reconciled to the loss per the statement of comprehensive income as follows: 202 6 202 5 $’000 $’000 Loss before taxation ( 16,238 ) ( 41,479 ) Tax at 50% of domestic rate of 25% ( 2,030) ( 5,185 ) Adjusted for the effect of: Items not deductible for tax purposes 10,012 4,909 Items allowed for tax purposes (10,020 ) ( 8,280) Tax losses not recognised 5,710 2,279 Other charges and allowances - ( 15 ) Tax charge ( credit ) on income statement 3,672 ( 6,292 ) 2 6 .3 Remission of income tax On December 21, 2017 , the company ’s shares were listed on the Jamaica Stock Exchange (JSE) Junior Market. Consequently , the company is entitled to a 100% remission of income tax es for the first five (5) years. Thereafter, providing that the company complies with the requirements of the JSE Junior Market, it will be entitled to a remission of 50% of income tax for the next five (5) years. 2 6 .4 Tax losses aggregating $ 834.6 million (202 5 : $ 789 million ) (subject to agreement with the Commissioner of Taxpayer Audit and Assessments) are available for set - off against future taxable profits. A deferred tax asset of $ 110.12 million (202 5 : $ 110.12 million ) has been recognised in respect of these tax losses (see Note 8 .2) 2 7 . EARNING S PER STOCK UNIT The calculation of earning per stock unit is based on the net loss of $ 20 million (20 2 5 : $ 35.187 million ) and the weighted average number of stock units in issue during the reporting period of 484,848,485 (202 5 : 484,848,485 ) units . 2 8 . FINANCIAL INSTRUMENTS, FINANCIAL RISKS AND CAPITAL RISKS MANAGEMENT 2 8 .1 Categories of financial instruments The following table sets out the financial instruments as at the end of the reporting period: 202 6 202 5 $’000 $’000 Financial assets Owed by related parties 7,145 2,354 Receivables (excluding prepayments) 64,620 102,381 Short term deposits 25,003 39,056 Cash and bank balances 15,857 3,125 112,625 146,916

Page 32 GWEST CORPORATION LIMITED NOTES TO THE FINANCIAL STATEMENTS YEAR ENDED MARCH 31, 20 26 28. FINANCIAL INSTRUMENTS, FINANCIAL RISKS AND CAPITAL RISKS MANAGEMENT (Cont’d) 28 .1 Categories of financial instruments (Cont’d) 2 8 .2 Financial risk management policies and objectives By its nature, the company’s activities involve the use of financial instruments. The company has exposure to the following risks from its use of its financial instruments: market risk (including currenc y risk, fair value interest rate risk, cash flow interest rate risk and price risk), credit risk and liquidity risk. Financial risk management objectives The company’s activities involve the analysis, evaluation, acceptance and management of some degree of risk or combination of risks. The company’s aim is therefore to achieve an appropriate balance between risk and return and minimise potential adverse ef fects on the company’s financial performance. The financial risk management policies employed by the company are approved by the Board of Directors. The methods which are governed by these policies and used to minimise these risks and the related risk ex posure, are noted below. There has been no change during the year to the company’s exposure to these financial risks or the manner in which it manages and measures the risk. The company does not hold or issue derivative financial instruments. 2 8 .2.1 Ma rket risk Market risk is the risk that the value of a financial instrument will fluctuate as a result of changes in market prices whether those changes are caused by factors specific to the individual security or its issuer or factors affecting all securi ties traded in the market. Except as disclosed under 2 8 .2.2 and 2 8 .2.3 below, the company has no exposure to market risk as there are no traded securities. 2 8 .2.2 Foreign currency risk Currency risk is the risk that the value of a financial instrument will fluctuate due to changes in foreign exchange rates. The company is exposed to foreign currency risks on transactions that are denominated in currencies o ther than the Jamaican dollar. Management seeks to minimise the company’s exposure to unfavourable variances by consistently monitoring the company’s exposure in this regard. 202 6 202 5 $’000 $’000 Financial liabilities Borrowings – shareholders’ loans 424,444 424,444 Borrowings – others 91,709 153,235 Lease liabilities 267,266 308,794 Owed to related parties 23,852 12,633 Payables 120,862 88,993 928,133 988,099

Page 33 GWEST CORPORATION LIMITED NOTES TO THE FINANCIAL STATEMENTS YEAR ENDED MARCH 31, 20 26 28 . FINANCIAL INSTRUMENTS, FINANCIAL RISKS AND CAPITAL RISKS MANAGEMENT (Cont’d) 28 .2 Financial risk management policies and objectives (Cont’d) 28 .2.2 Foreign currency risk (Cont’d) The carrying amount of the company’s foreign currency denominated monetary assets and monetary liabilities at reporting date are as follows: 9 Liabilities Assets Net (Liabilities) Assets 10 20 2 6 20 2 5 20 2 6 20 2 5 20 2 6 202 5 11 J$’000 J$’000 J$’000 J$’000 J$’000 J$’000 12 US Currency 290,992 336,854 25,884 39,425 (265,108) (297,429) Foreign currency sensitivity The following table details the company’s sensitivity to a 1 % revaluation and 1.5 % devaluation (20 2 5 : 1 % revaluation and 4 % devaluation ) in the Jamaican dollar against the US dollar currency. This represents management’s assessment of the reasonably possible change in foreign exchange rates. The sensitivity analysis includes only outstanding foreign currency denominated monetary items and adjusts their translation at the reporting date for the above change in foreign currency rates. If the Jamaican dollar strengthens by 1 % or weakens by 1.5 % (20 2 5 : strengthens by 1 % or weakens by 4 % ) against the US dollar, profit will decrease or increase by: US Dollar Effect on Profit or Loss 20 2 6 20 2 5 20 2 6 20 2 5 % % J$ ’000 J$ ’000 Revaluation +1 .0 +1 .0 2,651 2,974 Devaluation - 1.5 - 4 .0 3,976 (11,897) T his is mainly attributable to the exposure outstanding on its bank balances and payable s balances in foreign currency at the end of the reporting period . The company’s sensit ivity to foreign currency has de creased during the current period mainly due to a de crease in its payable balances (including the lease liabilities) at year end. 2 8 .2.3 Interest rate risk m anagement Interest rate risk is the potential that the value of a financial instrument will fluctuate due to changes in market interest rates as a result of cash flow or fair value interest rate risk. Financial instruments subject to fixed interest rates are expose d to fair value interest rate risk while those subject to floating interest rates are exposed to cash flow interest rate risk. The company’s exposure to interest rates on financial assets and financial liabilities are detailed in the liquidity risk mana gement section at Note 2 8 .2.5 below . There has been no change to how the company measures or manages this rick. Management of i nterest rate risk The company manages its interest rate risk by monitoring the movements in the market interest rate s closely. Interest rate sensitivity The sensitivity analysis below has been determined based on the exposure to variable i nterest rates for non - derivative financial instruments at the end of the reporting period. The analysis has been prepared on the assumption t hat the floating rate assets and liabilities at the end of the reporting period have been outstanding for the whole year.

Page 34 GWEST CORPORATION LIMITED NOTES TO THE FINANCIAL STATEMENTS YEAR ENDED MARCH 31, 20 26 28 . FINANCIAL INSTRUMENTS, FINANCIAL RISKS AND CAPITAL RISKS MANAGEMENT (Cont’d) 28 .2 Financial risk management policies and objectives (Cont’d) 28 .2.3 Interest rate risk management (Cont’d) Interest rate sensitivity (Cont’d) In respect of Jamaican dollar balances, if interest rates had been 25 basis points higher or 50 basis points lower (20 2 5 : 25 basis points higher or 50 basis points lower ) and all other variables were held constant, the c ompany’s :  Net loss for the year would incr ease or decrease by $0.192 million (20 2 5 : incr ease by $0.376 million or decrease by $0. 751 million ). This is mainly attributable to the c ompany’s exposure to interest rate on its bank deposits and borrowings . In respect of United States dollar denominated balances, if interest rates had been 25 basis points higher or 50 basis points lower (20 2 5 : 25 basis points higher or 50 basis points lower ) and all other var iables were held constant, the c ompany’s :  Net loss for the year would incr ease by $0.063 million or decrease by $0. 126 million (20 2 5 : incr ease by $0.096 million or decrease by $0. 1 94 million ). This is mainly attributable to the c ompany’s exposure to variable interest rate on its bank deposits . T he c ompany’s sensitivity to interest rates has de creased during the current year mainly due to the de crease in borrowings . 2 8 .2.4 Credit risk management Credit risk refers to t he risk that a counterparty will default on its contractual obligations resulting in financial loss to the c ompany. Financial asset s that potentially subject the c ompany to concentration of credit risk consist principally of cash, and trade and other receivables. The maximum exposure to credit risk is the amount of approximately $ 112.625 million (20 2 5 : $ 146.916 million ). Generally, the c ompany manages its credit ris k by screening it s customers and the rigorous follow - up of receivables. Cash and bank deposits The credit risk on liquid funds is limited because the counterparties are major banks with high credit ratings. The carrying amount of cash at b a nk totaling $ 40.531 million (20 2 5 : $ 41.762 million ) represents the c ompany’s maximum exposure to this class of financial assets. Trade and other receivables The c ompany has a policy of dealing only with creditworthy counterparties as a means of mitigating the risk of fin ancial loss from defaults. The c ompany’s exposure and the credit ratings of its counterparties are continuously monitored and the aggregate value of transactions concluded is spread amongst approved counterparties. The credit policies and procedur es include the following:  Delinquent customers are analysed and appropriate actions such as law suits are taken.  Security deposit is collected at the start of certain sales contract. Further, trade receivable s consist of a number of customers, and as suc h, the c ompany does not have significant credit risk exposure to any single counterparty. Ongoing credit evaluation is performed on the financial condition of trade receivables. The book value of receivables is stated after allowance for likely losses est imated by the c ompany’s management based on prior experience and their assessment of the current economic environment.

Page 35 GWEST CORPORATION LIMITED NOTES TO THE FINANCIAL STATEMENTS YEAR ENDED MARCH 31, 20 26 28 . FINANCIAL INSTRUMENTS, FINANCIAL RISKS AND CAPITAL RISKS MANAGEMENT (Cont’d) 28 .2 Financial risk management policies and objectives (Cont’d) 28.2.4 Credit risk management (Cont’d) Trade and other receivables (Cont’d) The carrying amount of financial assets in respect of trade and other receivables totalling $ 64.62 million at year end (20 2 5 : $ 102.381 million ) , represents the c ompany’s maximum exposure t o this class of financial asset . An impairment analysis is performed at each reporting date using a provision matrix to measure expected credit losses. The provision rates are based on days past due for various customers with similar loss patterns. The calculation reflects the probability - weighted outcome, the time value of money and reasonable and supportable information that is available at the reporting date about past events, current conditions and forecasts of future economic conditions. Generally, trade receivables are written - off if past due for more than one year and are not subject to enforcement activity. Set out below is the information about t he credit risk exposure on the c ompany’s trade receivables using a provision matrix. March 31, 202 6 Days Past Due 0 - 30 31 - 90 91 - 180 Over 180 Total Expected loss rate 0% 0% 61% 100% $ ’000 $ ’000 $ ’000 $ ’000 $ ’000 Estimated gross carrying amount at default 3,913 2,403 1,192 20,025 27,533 Allowance for expected credit loss - - 724 20,025 20,749 March 31, 202 5 Days Past Due 0 - 30 31 - 90 91 - 180 Over 180 Total Expected loss rate 0 % 0 % 70 % 100% $ ’000 $ ’000 $ ’000 $ ’000 $ ’000 Estimated gross carrying amount at default 966 414 351 19,358 21,089 Allowance for expected credit loss - - 245 19,358 19,603 Amounts due from related parties The directors believe that the credit risks associated with this financial instrument are minima l. There has been a reduction in balances from the prior year and therefore the probability of default is considered insignificant. The carrying amoun t of $7.14 millio n (2025: $2.35 m illion) at the reporting date represents the company ’ s maximum exposure to this class of financial assets. 2 8 .2.5 Liquidity risk management Liquidity risk, also referred to as fund ing risk, is the risk that the c ompany will encounter difficulty in raising funds to meet commitments associated with financial instruments. Liquidity risk may result from an inability to sell a financial asset quickly at, or close to, its fair value. Prudent liquidity risk management i mplies maintaining sufficient cash and cash equivalents, and the availability of funding through an adequate amount of committed facilities.

Page 36 GWEST CORPORATION LIMITED NOTES TO THE FINANCIAL STATEMENTS YEAR ENDED MARCH 31, 20 26 28 . FINANCIAL INSTRUMENTS, FINANCIAL RISKS AND CAPITAL RISKS MANAGEMENT (Cont’d) 28 .2 Financial risk management policies and objectives (Cont’d) 28.2.5 Liquidity risk management (Cont’d) Liquidity and interest risk analyses in respect of non - derivative financial liabilities and non - derivative financial assets Non - derivative financial liabilities The following tables detail the company’s remaining contractual maturity for non - derivative financial liabilities. The tables have been drawn up based on the undiscounted cash flow of financial liabilities based on the earliest date on which the company can be required to pay. The table includes both interest and principal cash flows. Weighted average On demand effective or within 1 - 5 Over interest rate 1 year Years 5 years Total % $’000 $’000 $’000 $’000 20 2 6 Non - interest bearing Nil 144,715 - 424,444 569,159 Interest bearing 8.93 124,697 291,064 - 415,761 269,412 291,064 424,444 984,920 202 5 Non - interest bearing Nil 101,626 - 424,444 569,159 Interest bearing 9.82 117,365 377,757 32,929 528,051 218,991 377,757 457,373 1,054,121 Non - derivative financial assets The following table details the company’s expected maturity for its non - derivative financial assets. The tables below have been drawn up based on the undiscounted contractual maturities of the financial assets including interest that will be earned on those assets except where the company anticipated that the cash flow will occur in a different period. Weighted average On demand effective or within interest rate 1 year Total % $’000 $’000 20 2 6 Non - interest bearing Nil 95,904 95,904 Interest bearing 1.09 16,903 16,903 112,807 112,807 202 5 Non - interest bearing Nil 105,208 105,208 Interest bearing 0.58 41,949 41,949 147,157 147,157 The c ompany’s liquidity management process includes m onitoring future cash flows and liquidity on a daily basis. This incorporates an assessment of expected cash flows through forecasting on a monthly basis.

Page 37 GWEST CORPORATION LIMITED NOTES TO THE FINANCIAL STATEMENTS YEAR ENDED MARCH 31, 20 26 28 . FINANCIAL INSTRUMENTS, FINANCIAL RISKS AND CAPITAL RISKS MANAGEMENT (Cont’d) 28 .2 Financial risk management policies and objectives (Cont’d) 2 8 .2.6 Fair value of financial assets and liabilities The following methods and assumptions have been used in determining the fair values of financial assets and financial liabilities.  The carrying amounts included in the financial statements for cash and bank balances, trade and other receivables and trade and other payables and due from or to related parties reflect the approximate fair values because of the short - term maturity of these instruments.  The fair value of bank and other borrowings are estimated at their carrying value as the interest rates are equi valent to those obtainable on the open market.  The fair value of loans from shareholders that are non - interest bearing and subordinated to bank loans are deemed to be their carrying value.  The carrying amount of lease liabilities (variable rate) is assumed to approximate their fair value. 28 .2.7 Capital risk management policies and objectives The company manages its capital to ensure that it will be able to continue as a going concern while maximising the return to stakeholders through the optimisation of the equity balance. The capital structure of the company consists of debts which includes the borrowings at Note 16 , cash and cash equivalents and equity attributable to equity holders, comprising issued capital and retained earnings. The company is not subject to any externally imposed capital requirements. The company’s Board of Directors reviews the capital structure on a regular basis. As a part of the review the Board of Directors considers the cost of capital and the risks associated with each cl ass of capital. The company has no targeted gearing ratio however, the gearing ratio at the end of the reporting period was as follows: (a) Gearing with subordinated shareholders’ loans as equity 202 6 202 5 $’000 $’000 Debt (i) 91,709 153,235 Cash and bank balances (including short - term deposits) ( 40,860 ) ( 42,181 ) Net debt 50,849 111 ,054 Equity (ii) 1,072,304 1,092,304 Net debt to equity ratio 0.05:1 0.10:1 ( b ) Gearing with shareholders’ loans a s debt 202 6 202 5 $’000 $’000 Debt (iii) 499,090 577,679 Cash and bank balances (including short - term deposits) ( 40,860 ) ( 42,181 ) 458,230 535,498 Equity (iv) 647,860 667,860 Net debt to equity ratio 0.71:1 0.8 :1

Page 38 GWEST CORPORATION LIMITED NOTES TO THE FINANCIAL STATEMENTS YEAR ENDED MARCH 31, 20 26 28 . FINANCIAL INSTRUMENTS, FINANCIAL RISKS AND CAPITAL RISKS MANAGEMENT (Cont’d) 28 .2 Financial risk management policies and objectives (Cont’d) 28 .2.7 Capital risk management policies and objectives (Cont’d) (c) Summary notes (i) Debt is defined as long and short - term borrowings as disclosed in Note 1 6 . (ii) Equity includes all capital and reserves and subordinate d shareholders ’ loans that are managed as capital. (iii) Debt is defined as all secured borrowings as disclosed in Note 1 6 and shareholders’ loans at Note 1 1 . (iv) Equity included all capital and reserves. On December 21, 2017 the company was listed on the Jamaican Stock Exchange Junior Market and 35% if its shares are now owned by the public. There were no changes to the company’s approach to capital management during the year. 2 9 . OPERATING LEASE ARRANGEMENTS 2 9 .1 The company as a lessor Operating leases, in which the company is the lessor, relate to investment propert ies owned by the company with lease terms of between 3 and 7 years. All operating lease contracts contains the option to renew and right to first offer to purchase. The company has classified these leases as operating l ease s , as they do not transfer substantially all the risks and rewards incidental to the ownership of the assets. Note 3.8 set s out information about the operating leases of investment propert ies . 2 9 .1.1 The following table set out a maturity analysis of the lease payments, showing the undiscounted lease payments to be received after the reporting date. 202 6 202 5 $’000 $’000 Year 1 87,523 84,401 Year 2 88,443 85,799 Year 3 88,156 87,067 Year 4 76,842 83,115 Year 5 - 74,563 Over 5 years - 53,677 340,964 468,622 2 9 .1.2 Amounts recognis ed in profit or loss $’000 $’000 Lease income 83,068 80,071