S4 Capital Ratios and Metrics

Market cap in millions GBP. Fiscal year is January - December.

Millions GBP. Fiscal year is Jan - Dec.

Fiscal Year	Current	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun '26 Jun 23, 2026	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
Market Capitalization	223	137	200	307	1,054	3,430
Market Cap Growth	45.56%	-31.53%	-35.06%	-70.83%	-69.27%	32.29%
Enterprise Value	338	315	423	465	1,237	3,457
Last Close Price	0.34	0.20	0.31	0.50	1.77	5.95
Forward PE	5.97	4.36	5.51	7.25	12.91	42.87
PS Ratio	0.30	0.18	0.24	0.30	0.99	5.00
PB Ratio	0.44	0.27	0.35	0.35	1.24	4.28
P/FCF Ratio	1.83	1.12	2.49	-	17.03	78.85
P/OCF Ratio	1.80	1.10	2.37	-	13.46	62.80
EV/Sales Ratio	0.45	0.42	0.50	0.46	1.16	5.04
EV/EBITDA Ratio	3.66	3.90	4.82	4.52	9.96	39.69
EV/EBIT Ratio	13.76	12.79	12.48	11.07	21.66	83.42
EV/FCF Ratio	2.78	2.58	5.28	-	19.98	79.47
Debt / Equity Ratio	0.70	0.70	0.61	0.42	0.45	0.44
Debt / EBITDA Ratio	3.85	3.85	3.47	3.09	2.74	3.61
Debt / FCF Ratio	2.92	2.92	4.37	-	6.23	8.12
Net Debt / Equity Ratio	0.23	0.23	0.31	0.25	0.19	0.07
Net Debt / EBITDA Ratio	1.43	1.43	2.07	2.18	1.30	0.60
Net Debt / FCF Ratio	0.94	0.94	2.27	-13.52	2.61	1.20
Asset Turnover	0.54	0.54	0.53	0.55	0.59	0.48
Quick Ratio	1.24	1.24	1.22	1.20	1.01	1.41
Current Ratio	1.28	1.28	1.25	1.23	1.04	1.44
Return on Equity (ROE)	-4.58%	-4.58%	-41.77%	-1.64%	-19.44%	-7.48%
Return on Assets (ROA)	1.10%	1.10%	1.33%	1.43%	1.97%	1.81%
Return on Invested Capital (ROIC)	3.96%	3.56%	3.62%	3.95%	6.12%	5.36%
Return on Capital Employed (ROCE)	2.80%	2.80%	3.60%	3.30%	4.40%	3.30%
Earnings Yield	-11.10%	-18.14%	-153.72%	-4.65%	-15.23%	-1.65%
FCF Yield	54.53%	89.11%	40.12%	-5.40%	5.87%	1.27%
Dividend Yield	3.25%	5.53%	3.25%	-	-	-
Buyback Yield / Dilution	-0.43%	-0.43%	-5.12%	-8.22%	-7.05%	-11.85%
Total Shareholder Return	2.79%	5.11%	-1.87%	-8.22%	-7.05%	-11.85%