S4 Capital Balance Sheet

Financials in millions GBP. Fiscal year is January - December.

Millions GBP. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Jun '25 Jun 30, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021	Dec '20 Dec 31, 2020
Cash & Equivalents	175.1	168.4	145.7	223.6	301.02	142.05
Cash & Short-Term Investments	175.1	168.4	145.7	223.6	301.02	142.05
Cash Growth	29.70%	15.58%	-34.84%	-25.72%	111.91%	114.88%
Accounts Receivable	352.2	395.8	375	394.3	271.75	172.53
Other Receivables	8.5	48.6	24.3	31.7	49.24	4.62
Receivables	360.7	444.4	399.3	426	320.98	177.15
Prepaid Expenses	-	16	13.1	16.4	14.52	4.56
Total Current Assets	535.8	628.8	558.1	666	636.52	323.76
Property, Plant & Equipment	43.4	51.1	67.7	85.4	58.16	41.37
Long-Term Investments	0.8	0.8	0.2	-	-	-
Goodwill	374.1	391.2	691.3	718.8	624.99	498.11
Other Intangible Assets	278	315.2	381.6	445.2	356.29	302.95
Long-Term Deferred Tax Assets	47.8	49	24.7	5.4	6.53	2.07
Other Long-Term Assets	4.2	9.2	13.7	12.2	3.19	2.13
Total Assets	1,284	1,445	1,737	1,933	1,686	1,170
Accounts Payable	396.8	236.7	249.1	251.6	204.99	127.34
Accrued Expenses	-	178.3	106.5	114	68.85	40.56
Current Portion of Long-Term Debt	0.1	0.2	0.2	0.7	2.52	45.62
Current Portion of Leases	12.7	12.8	13.2	15.3	10.55	8.1
Current Income Taxes Payable	3	3.5	3.9	6	-	5.87
Current Unearned Revenue	-	49.6	53.6	65.6	58.89	29.77
Other Current Liabilities	10.3	22.9	28.1	189.3	95.42	37.33
Total Current Liabilities	422.9	504	454.6	642.5	441.21	294.6
Long-Term Debt	317.2	307.2	320.9	326.2	308.57	44.82
Long-Term Leases	22.9	29.7	35.8	43.1	31.42	20.86
Long-Term Deferred Tax Liabilities	17.1	18.6	24.1	54.1	68.63	59.79
Other Long-Term Liabilities	2.4	8.3	10	17	34.59	34.53
Total Liabilities	782.5	867.8	845.4	1,083	884.43	454.61
Common Stock	154.9	154.9	145.9	142	138.83	135.52
Additional Paid-In Capital	164.9	164.9	80.4	5.9	446.91	364.2
Retained Earnings	183.8	209.8	508.9	478.4	-44.77	-3.18
Treasury Stock	-	-2.8	-1.2	-1.8	-2.5	-3.8
Comprehensive Income & Other	-2.1	50.6	157.8	225.5	262.67	222.95
Total Common Equity	501.5	577.4	891.8	850	801.14	715.68
Minority Interest	0.1	0.1	0.1	0.1	0.1	0.1
Shareholders' Equity	501.6	577.5	891.9	850.1	801.24	715.78
Total Liabilities & Equity	1,284	1,445	1,737	1,933	1,686	1,170
Total Debt	352.9	349.9	370.1	385.3	353.06	119.4
Net Cash (Debt)	-177.8	-181.5	-224.4	-161.7	-52.04	22.65
Net Cash Per Share	-0.26	-0.27	-0.35	-0.27	-0.09	0.05
Filing Date Shares Outstanding	619.64	612.59	578.11	560.45	545.41	527.58
Total Common Shares Outstanding	619.64	612.59	578.11	560.45	545.41	527.58
Working Capital	112.9	124.8	103.5	23.5	195.31	29.16
Book Value Per Share	0.81	0.94	1.54	1.52	1.47	1.36
Tangible Book Value	-150.6	-129	-181.1	-314	-180.14	-85.39
Tangible Book Value Per Share	-0.24	-0.21	-0.31	-0.56	-0.33	-0.16
Machinery	-	40.2	39	38.2	25.46	15.34
Leasehold Improvements	-	18.3	18.4	18.2	11.58	9.51

Source: S&P Global Market Intelligence. Standard template. Financial Sources.