Cushman & Wakefield changes financial reporting; recasts 2024-2025 quarterly data

Cushman & Wakefield Ltd.

No longer reports service line fee revenue or certain non-GAAP measures (Adjusted EBITDA margin, segment operating expenses, fee-based operating expenses).
Replaces 'Cost of gross contract reimbursables' with 'Gross contract costs'; costs presented gross in total expenses with fees in revenue.
Refined allocation of corporate costs to segments; no impact on total revenue, consolidated net income, EPS, or cash flows.
Recast historical financials for 2024 and 2025 quarterly periods available on IR website (Exhibit 99.1).
Changes effective January 1, 2026, intended to align with industry competitors and enhance management decision-making.

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