S4 Capital Plc · LSE:SFOR
S4 Capital — Q1 2026 Earnings Presentation
15 slides from S4 Capital's earnings presentation, May 7, 2026
Slide 1: Q1 2026 Trading Update
or CAPITAL 2026 Trading Update 7 May 2026
Slide 2: Contents
S4 Capital plc Q1 2026 Trading Update 2 Contents 1. Trading Update 2. Client Analysis 3. Summary and Outlook 4. Q&A 5. Appendix
Slide 3: Trading Update
S4 Capital plc Q1 2026 Trading Update 3 1. Trading Update
Slide 4: Financial Headlines
S4 Capital plc Q1 2026 Trading Update 4 Financial Headlines Revenue Net revenue1 Profitability Q1 operational EBITDA in line with expectations £164.8m £149.2m with improving operating margins -7.5% reported -8.9% reported 2 -3.7% like-for-like -5.0% like-for-like2 2026 Net revenue1 2026 Operational
Slide 5: Net revenue by practice and geography
S4 Capital plc Q1 2026 Trading Update 5 Net revenue by practice and geography ● Marketing Services: Net revenue down 4.5% like-for-like and Net revenue by geography1 8.2% reported to £136.2m, reflecting ongoing caution and lower activity with some of our larger technology clients. EMEA impacted by s
Slide 6: Capital Allocation priorities
S4 Capital plc Q1 2026 Trading Update 6 Capital Allocation priorities 1. Dividends Board will implement a 50% dividend payout policy out of adjusted basic EPS over the medium term, subject to financial targets being met. 2. Further debt buy-back 3. Share buy-backs
Slide 7: Client Analysis
S4 Capital plc Q1 2026 Trading Update 7 2. Client Analysis
Slide 8: Our client portfolio
S4 Capital plc Q1 2026 Trading Update 8 Our client portfolio Q1 2026 Client Categories Q1 2025 Client Categories Technology 41% Technology 42% FMCG 8% FMCG 9% Financial 7% Financial 5% Auto 11% Auto 11% Retail 6% Retail 6% Media & Ent 6% Media & Ent 4% Fashion & Lux 5% Fashion & Lux 6% Telco 5% Telc
Slide 9: Resilience with our larger client relationships
S4 Capital plc Q1 2026 Trading Update 9 Resilience with our larger client relationships Average revenue per client Client Revenue Q1 2026 Q1 2025 Number of % of Cumulative Number of % of Cumulative clients Revenue % clients Revenue % > £10m 2 26% 26% 3 30% 30% £5–10m 3 16% 42% 3 12% 42% £1–5m 15 17%
Slide 10: Summary and Outlook
S4 Capital plc Q1 2026 Trading Update 10 3. Summary and Outlook
Slide 11: Summary & Outlook
S4 Capital plc Q1 2026 Trading Update 11 Summary & Outlook ● Full year guidance reiterated. ● Q1 net revenue decrease of -8.9% reported and -5.0% like-for-like, reflecting heightened macroeconomic uncertainty caused by the conflict in the Middle East and continued client caution, especially amongst
Slide 12: Q&A
S4 Capital plc Q1 2026 Trading Update 12 4. Q&A
Slide 13: Appendix
S4 Capital plc Q1 2026 Trading Update 13 5. Appendix
Slide 14: Additional information
S4 Capital plc Q1 2026 Trading Update 14 Additional information Guidance on adjusting items for 2026 Weighted average share count Share consideration Expected weighted average share count for 2026 of Amortisation committed c.£50-55m c.675m1 Deferred share issuance of Share based payments Expected we
Slide 15: Thank You
CAPITAL Thank You