Business
Audited 2024 Results
Audited 2024 Results.
About this update from S4 Capital Plc
[{"type":"text","content":"\n\nS4Capital plc\n(\"S4Capital\" or \"the Company\" or \"the Group\")\nAudited 2024 results\n \nFull year results in line with expectations\nNet revenue2 down 13.6% on a reported basis, down 11.0% like-for-like3 \nOperational EBITDA5 £87.8 million down 6.3% on a reported basis, down 0.6% like-for-like\nOperational EBITDA margin at 11.6%, up 90bps against prior year, with improved performance due to cost control\nNet debt7 at £142.9 million, below the lower end of targeted range of £150 million to £190 million, reflecting focus on cashflow\nNon-cash impairment charge net of tax of £280 million\nThe Board proposes a final dividend of 1p per share, signaling confidence in cash flow\nUncertain macroeconomic conditions and client caution have ratcheted up recently, however, our prominent positioning in AI is driving new business opportunities\n2025 net revenue and operational EBITDA9 expected to be broadly similar to 2024\n \n \n\n\n\n\n£ millions\n\n\nYear ended\n31 Dec 2024\n \n \n\n\nYear ended\n31 Dec 2023\nRestated8\n \n\n\n\n\n\n\n\n\nchange Reported\n \n\n\nchange\nLike-for-like3\n \n\n\nchange\nPro-forma4\n \n\n\n\n\n\n\n\n \n\n\n\n\n\n\n\n\n\n\n\n \n\n\n\n\n\n\n\n\n\n\n\n\n\n \n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\nBillings1\n\n\n1,963.0\n\n\n1,870.5\n\n\n\n\n\n\n\n\n4.9%\n\n\n8.1%\n\n\n8.1%\n\n\n\n\nRevenue\n\n\n848.2\n\n\n1,011.5\n\n\n\n\n\n\n\n\n(16.1%)\n\n\n(13.6%)\n\n\n(13.6%)\n\n\n\n\nNet revenue2\n\n\n754.6\n\n\n873.2\n\n\n\n\n\n\n\n\n(13.6%)\n\n\n(11.0%)\n\n\n(11.0%)\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\nOperational EBITDA5\n\n\n87.8\n\n\n93.7\n\n\n\n\n\n\n\n\n(6.3%)\n\n\n(0.6%)\n\n\n(0.6%)\n\n\n\n\nOperational EBITDA margin5\n\n\n11.6%\n\n\n10.7%\n\n\n\n\n\n\n\n\n90bps\n\n\n120bps\n\n\n120bps\n\n\n\n\nAdjusted operating profit6\n\n\n78.3\n\n\n82.0\n\n\n\n\n\n\n\n\n(4.5%)\n\n\n\n\n\n\n\n\n\n\nAdjusting items6\n\n\n(381.1)\n\n\n(61.8)\n\n\n\n\n\n\n\n\n(516.7%)\n\n\n\n\n\n\n\n\n\n\nOperating (loss)/profit\n\n\n(302.8)\n\n\n20.2\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\nLoss for year\n\n\n(306.9)\n\n\n(14.3)\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\nBasic loss per share (pence)\n\n\n(45.7)\n\n\n(2.2)\n\n\n\n\n\n\n\n\n(43.5)\n\n\n\n\n\n\n\n\n\n\nAdjusted basic earnings per sha...