S4 Capital Income Statement

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
Revenue	786.1	848.2	1,012	1,070	686.6	342.69
Revenue Growth (YoY)	-14.27%	-16.14%	-5.42%	55.77%	100.36%	59.29%
Cost of Revenue	79.4	93.6	138.3	177.8	126.34	47.51
Gross Profit	706.7	754.6	873.2	891.7	560.26	295.18
Selling, General & Admin	542.8	581.5	666.9	673.9	416.99	206.64
Other Operating Expenses	74.5	74.3	86.4	77.3	45.38	29.06
Operating Expenses	680.3	722.8	831.2	834.6	518.82	272.71
Operating Income	26.4	31.8	42	57.1	41.44	22.47
Interest Expense	-28.7	-28	-25.6	-16.4	-7.77	-2.28
Interest & Investment Income	2.7	3	2.8	1.5	1.03	0.7
Earnings From Equity Investments	-	0.1	0.2	-	-	-
Currency Exchange Gain (Loss)	2.3	2.3	-8	-3.5	-	-
Other Non Operating Income (Expenses)	-5.1	-5.4	-3.3	-6	-6.86	-3.45
EBT Excluding Unusual Items	-2.4	3.8	8.1	32.7	27.85	17.43
Merger & Restructuring Charges	-25.7	-24	-23.4	-13.2	-83.5	-14.34
Impairment of Goodwill	-280.4	-280.4	-	-15.2	-	-
Asset Writedown	-26.1	-26.1	-	-7.1	-	-
Other Unusual Items	-4.2	-4.2	1.4	-156.9	-	-
Pretax Income	-338.8	-330.9	-13.9	-159.7	-55.65	3.1
Income Tax Expense	-23.3	-24	0.4	0.8	1.07	7.03
Net Income	-315.5	-306.9	-14.3	-160.5	-56.72	-3.93
Net Income to Common	-315.5	-306.9	-14.3	-160.5	-56.72	-3.93
Shares Outstanding (Basic)	673	672	639	591	552	493
Shares Outstanding (Diluted)	673	672	639	591	552	493
Shares Change (YoY)	0.96%	5.12%	8.22%	7.05%	11.85%	34.02%
EPS (Basic)	-0.47	-0.46	-0.02	-0.27	-0.10	-0.01
EPS (Diluted)	-0.47	-0.46	-0.02	-0.27	-0.10	-0.01
Free Cash Flow	89.8	80.1	-16.6	61.9	43.5	54.27
Free Cash Flow Per Share	0.13	0.12	-0.03	0.10	0.08	0.11
Dividend Per Share	0.010	0.010	-	-	-	-
Gross Margin	89.90%	88.97%	86.33%	83.38%	81.60%	86.14%
Operating Margin	3.36%	3.75%	4.15%	5.34%	6.04%	6.56%
Profit Margin	-40.13%	-36.18%	-1.41%	-15.01%	-8.26%	-1.15%
Free Cash Flow Margin	11.42%	9.44%	-1.64%	5.79%	6.34%	15.84%
EBITDA	79.1	85.6	102.8	124.2	87.11	49.85
EBITDA Margin	10.06%	10.09%	10.16%	11.61%	12.69%	14.55%
D&A For EBITDA	52.7	53.8	60.8	67.1	45.67	27.38
EBIT	26.4	31.8	42	57.1	41.44	22.47
EBIT Margin	3.36%	3.75%	4.15%	5.34%	6.04%	6.56%
Effective Tax Rate	-	-	-	-	-	226.91%

Updated Jun 30, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.