S4 Capital Plc · LSE:SFOR
S4 Capital — Q3 2026 Earnings Presentation
15 slides from S4 Capital's earnings presentation, Oct 28, 2026
Slide 1: Trading Update
Trading Update 28 October 2026
Slide 2: Contents
S4 Capital plc Q3 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 Q3 2026 Trading Update 3 1. Trading Update
Slide 4: Financial Headlines
S4 Capital plc Q3 2026 Trading Update 4 Financial Headlines Revenue Net revenue1 2026 Net revenue1 Q3: £173.5m Q3: £156.3m Now expected to be down -9.5% reported -6.4% reported -10.3% like-for-like2 -7.3% like-for-like2 high-single digits3 YTD: £517.5m YTD: £464.3m -6.3% reported -6.2% reported -5.7
Slide 5: Net revenue by practice and geography
S4 Capital plc Q3 2026 Trading Update 5 Net revenue by practice and geography Net revenue by geography1 ● Marketing Services: Net revenue down 5.4% reported and 6.2% like-for-like to £142.7m, reflecting macroeconomic uncertainty combined with technology clients/ hyperscalers further prioritising AI
Slide 6: Capital Allocation priorities
S4 Capital plc Q3 2026 Trading Update 6 Capital Allocation priorities 1. Dividends Board has implemented dividend payout ratio of 50% of adjusted BEPS and has paid a first time interim dividend in accordance with that policy 2. Debt buy-back Company repurchased a further €50.9m of its Term Loan B af
Slide 7: Client Analysis
S4 Capital plc Q3 2026 Trading Update 7 2. Client Analysis
Slide 8: Our client portfolio
S4 Capital plc Q3 2026 Trading Update 8 Our client portfolio Q3 2026 Client Categories Q3 2025 Client Categories Technology 43% Technology 42% FMCG 8% FMCG 9% Financial 7% Financial 6% Auto 11% Auto 13% Retail 6% Retail 6% Media & Ent 5% Media & Ent 5% Fashion & Lux 5% Fashion & Lux 5% Telco 5% Telc
Slide 9: Resilience with our larger client relationships
S4 Capital plc Q3 2026 Trading Update 9 Resilience with our larger client relationships Average revenue per client Client Revenue Q3 2026 Q3 2025 Number of % of Cumulative Number of % of Cumulative clients Revenue % clients Revenue % > £10m 6 46% 46% 9 49% 49% £5–10m 8 10% 56% 3 4% 53% £1–5m 51 19%
Slide 10: Summary and Outlook
S4 Capital plc Q3 2026 Trading Update 10 3. Summary and Outlook
Slide 11: Summary & Outlook
S4 Capital plc Q3 2026 Trading Update 11 Summary & Outlook ● Q3 net revenue down -6.4% reported and -7.3% like-for-like, reflecting continued macroeconomic uncertainty, clients remaining cautious and technology clients/ hyperscalers further prioritising AI capex ● Year to date net revenue down -6.2%
Slide 12: Q&A
S4 Capital plc Q3 2026 Trading Update 12 4. Q&A
Slide 13: Appendix
S4 Capital plc Q3 2026 Trading Update 13 5. Appendix
Slide 14: Additional information
S4 Capital plc Q3 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