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S4 Capital Cuts 2025 Revenue Outlook and Warns of Lower EBITDA
S4 Capital lowered its 2025 outlook, guiding a nearly 10% revenue decline and targeting operational EBITDA of about £75 million while projecting year-end net debt of £100–140 million.
S4 Capital reduced its 2025 guidance, expecting nearly a 10% drop in like-for-like net revenue instead of the previously projected smaller decline. The company now targets around £75 million in operational EBITDA, below the £87.8 million reported in 2024 and short of consensus estimates near £81.6 million. The revision reflects weaker project revenue, slower new business ramp-up, and client caution. Year-end net debt is projected between £100 million and £140 million.