S4 Capital Income Statement

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

Millions GBP. Fiscal year is Jan - Dec.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Revenue	754.8	848.2	1,012	1,070	686.6
Revenue Growth (YoY)	-11.01%	-16.14%	-5.42%	55.77%	100.36%
Cost of Revenue	81.8	93.6	138.3	177.8	126.34
Gross Profit	673	754.6	873.2	891.7	560.26
Selling, General & Admin	503.9	581.5	666.9	673.9	416.99
Other Operating Expenses	80.1	74.3	86.4	77.3	45.38
Operating Expenses	651.3	722.8	831.2	834.6	518.82
Operating Income	21.7	31.8	42	57.1	41.44
Interest Expense	-28.6	-28	-25.6	-16.4	-7.77
Interest & Investment Income	2.9	3	2.8	1.5	1.03
Earnings From Equity Investments	-	0.1	0.2	-	-
Currency Exchange Gain (Loss)	-	2.3	-8	-3.5	-
Other Non Operating Income (Expenses)	-0.8	-5.4	-3.3	-6	-6.86
EBT Excluding Unusual Items	-4.8	3.8	8.1	32.7	27.85
Merger & Restructuring Charges	-22.4	-24	-23.4	-13.2	-83.5
Impairment of Goodwill	-	-280.4	-	-15.2	-
Asset Writedown	1.1	-26.1	-	-7.1	-
Other Unusual Items	2.3	-4.2	1.4	-156.9	-
Pretax Income	-23.8	-330.9	-13.9	-159.7	-55.65
Income Tax Expense	1	-24	0.4	0.8	1.07
Net Income	-24.8	-306.9	-14.3	-160.5	-56.72
Net Income to Common	-24.8	-306.9	-14.3	-160.5	-56.72
Shares Outstanding (Basic)	675	672	639	591	552
Shares Outstanding (Diluted)	675	672	639	591	552
Shares Change (YoY)	0.43%	5.12%	8.22%	7.05%	11.85%
EPS (Basic)	-0.04	-0.46	-0.02	-0.27	-0.10
EPS (Diluted)	-0.04	-0.46	-0.02	-0.27	-0.10
Free Cash Flow	121.8	80.1	-16.6	61.9	43.5
Free Cash Flow Per Share	0.18	0.12	-0.03	0.10	0.08
Dividend Per Share	0.011	0.010	-	-	-
Dividend Growth	10.00%	-	-	-	-
Gross Margin	89.16%	88.97%	86.33%	83.38%	81.60%
Operating Margin	2.88%	3.75%	4.15%	5.34%	6.04%
Profit Margin	-3.29%	-36.18%	-1.41%	-15.01%	-8.26%
Free Cash Flow Margin	16.14%	9.44%	-1.64%	5.79%	6.34%
EBITDA	77.8	85.6	102.8	124.2	87.11
EBITDA Margin	10.31%	10.09%	10.16%	11.61%	12.69%
D&A For EBITDA	56.1	53.8	60.8	67.1	45.67
EBIT	21.7	31.8	42	57.1	41.44
EBIT Margin	2.88%	3.75%	4.15%	5.34%	6.04%

Updated Dec 31, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.