| Jefferies Financial Group Inc. | Exhibit 21 | ||||
Subsidiaries as of November 30, 2025 | |||||
| State/Country | |||||
| Name | of Incorporation | ||||
| Aircadia Leasing II LLC | Delaware | ||||
| Baldwin Enterprise, LLC | Colorado | ||||
| BEI Italia Wireless LLC | Delaware | ||||
| HomeFed LLC | Delaware | ||||
| Jefferies (Australia) Pty Ltd | Australia | ||||
| Jefferies (Japan) Limited Tokyo | Japan | ||||
| Jefferies Asia Holding Pte. Ltd. | Singapore | ||||
| Jefferies Capital Services, LLC | Delaware | ||||
| Jefferies Financial Services, Inc | Delaware | ||||
| Jefferies Funding LLC | Delaware | ||||
| Jefferies GmbH | Germany | ||||
| Jefferies Hong Kong Holdings Limited | Hong Kong | ||||
| Jefferies Hong Kong Limited | Hong Kong | ||||
| Jefferies India Private Limited | India | ||||
| Jefferies International Finance Corporation | Delaware | ||||
| Jefferies International Limited | England and Wales | ||||
| Jefferies Investment Advisers LLC | Delaware | ||||
| Jefferies Leveraged Credit Products, LLC | Delaware | ||||
| Jefferies LLC | Delaware | ||||
| Jefferies Research Services LLC | Delaware | ||||
| Jefferies Singapore Limited | Singapore | ||||
| Jefferies Strategic Investments, LLC | Delaware | ||||
| Jefferies Structured Credit LLC | Delaware | ||||
| Jefferies US Holdings LLC | Delaware | ||||
| JTOP Investments LLC | Delaware | ||||
| Leucadia Asset Management Holdings LLC | Delaware | ||||
| Leucadia Asset Management LLC | Delaware | ||||
| Leucadia LLC | Delaware | ||||
| LUK-FX Holdings, LLC | Delaware | ||||
| LUK Servicing, LLC | Delaware | ||||
| LVC AM, LLC | Delaware | ||||
| M Science Holdings LLC | Delaware | ||||
| M Science LLC | Delaware | ||||
| Shellnet S.P.A | Italy | ||||
| SR Warehouse LLC | Delaware | ||||
| Stratos Global LLC | Saint Vincent and the Grenadines | ||||
| Stratos Global Services, LLC | Delaware | ||||
| Stratos Group International LLC | Delaware | ||||
| Stratos Support EAD | Bulgaria | ||||
| TESSELIS S.p.A. | Italy | ||||
| Phlcorp Holding LLC | Pennsylvania | ||||
| HomeFed Village 8, LLC | Delaware | ||||
| Jefferies Japan Company Limited | Japan | ||||
| JILC Limited | United Kingdom | ||||
| JUPG | Delaware | ||||
| Jefferies AM Inc. | Delaware | ||||
| Aviation Leasing Company, LLC | Utah | ||||
| Baxter Investment Company, LLC | Utah | ||||
| Leucadia Aviation, Inc. | Delaware | ||||
| Station Place Securitization Trust, Series 2024-CL1 | Delaware | ||||
| Station Place Securitization Trust, Series 2024-13 | Delaware | ||||
| Versitio International S.A. 2025-01 | Luxembourg | ||||
| HomeFed Village 8E, LLC | Delaware | ||||