Balance Sheet Workspace Group Plc

Stocks

WKP

GB00B67G5X01

Commercial REITs

Real-time Estimate Cboe Europe Other stock markets 08:24:20 13/07/2026 BST			5-day change	1st Jan Change
343.40 ^GBX	+0.41%		+4.65%	-14.13%

07-09	Workspace Provides Information to Shareholders	CI
07-09	Saba responds to Workspace statement	CI

cd1091b02fd4de844d8a8f0d56e27d.3USUnLPUqfTcaPJxDKhnUtoS5v-a6VGlnytqQpXTCZA.pRTepYux6o3kOqYhf54NBKNlr87do2WdymEDcte4T_urJe3b-bCfhI8fwg

Published financial data: WORKSPACE GROUP PLC

Annual

Quarterly

Halfyear

YTD

LTM

Fiscal Period: March	2022	2023	2024	2025	2026
Rental Revenues	133M	174M	184M	185M	181M
Other Revenues, Total	-	-	-	-	-
Total Revenues	133M	174M	184M	185M	181M
Property Expenses	46.2M	57.6M	58.1M	63.1M	68M
Selling General & Admin Expenses, Total	19.3M	21.5M	25.3M	23.3M	21.7M
Other Operating Expenses	-	-	-	-	-
Total Operating Expenses	65.5M	79.1M	83.4M	86.4M	89.7M
Operating Income (REIT / Utility Template)	67.4M	95.1M	101M	98.8M	91.7M
Interest Expense, Total	-20.5M	-34.6M	-35.1M	-32.6M	-33.4M
Interest and Investment Income	-	200K	200K	600K	2.2M
Net Interest Expenses	-20.5M	-34.4M	-34.9M	-32M	-31.2M
Currency Exchange Gains (Loss)	-	-	-	-	-
EBT, Excl. Unusual Items	46.9M	60.7M	66M	66.8M	60.5M
Restructuring Charges	-	-	-	-	-4.2M
Total Merger & Related Restructuring Charges	-	-1.9M	-	-	-
Gain (Loss) on Sale of Investments	600K	-	-	-	-
Gain (Loss) on Sale of Assets	7.8M	-5.9M	-6.4M	-1.9M	-14.5M
Asset Writedown	68.7M	-88M	-251M	-55.9M	-159M
Other Unusual Items	-	-2.4M	-1.2M	-3.6M	-3.1M
EBT, Incl. Unusual Items	124M	-37.5M	-193M	5.4M	-120M
Income Tax Expense	100K	300K	-300K	-	-200K
Earnings From Continuing Operations	124M	-37.8M	-192M	5.4M	-120M
Net Income to Company	124M	-37.8M	-192M	5.4M	-120M
Net Income - (IS)	124M	-37.8M	-192M	5.4M	-120M
Net Income to Common Incl Extra Items	124M	-37.8M	-192M	5.4M	-120M
Net Income to Common Excl. Extra Items	124M	-37.8M	-192M	5.4M	-120M
Per Share Items
Net EPS - Basic	0.68	-0.2	-1	0.03	-0.63
Basic EPS - Continuing Operations	0.68	-0.2	-1	0.03	-0.63
Basic Weighted Average Shares Outstanding	181M	190M	192M	192M	192M
Net EPS - Diluted	0.68	-0.2	-1	0.03	-0.63
Diluted EPS - Continuing Operations	0.68	-0.2	-1	0.03	-0.63
Diluted Weighted Average Shares Outstanding	182M	190M	192M	194M	192M
Normalized Basic EPS	0.16	0.2	0.22	0.22	0.2
Normalized Diluted EPS	0.16	0.2	0.22	0.22	0.2
Dividend Per Share	0.22	0.26	0.28	0.28	0.26
Payout Ratio	36.16	-116.14	-26.29	1.01K	-45.39
Supplemental Items
EBITDA	70.1M	97.4M	103M	101M	93.5M
EBITA	68.3M	95.8M	102M	99.7M	92.1M
EBIT	67.4M	95.1M	101M	98.8M	91.7M
EBITDAR	-	-	-	-	-
Effective Tax Rate - (Ratio)	0.08	-0.8	0.16	-	0.17
Current Domestic Taxes	-	-	-	-	-
Total Current Taxes	-	-	-	-	-
Deferred Domestic Taxes	100K	300K	-300K	-	-200K
Total Deferred Taxes	100K	300K	-300K	-	-200K
Normalized Net Income	29.31M	37.94M	41.25M	41.75M	37.81M
Interest Capitalized	400K	200K	3M	3.4M	1.8M
Interest on Long-Term Debt	19.5M	3.9M	3.8M	3.9M	3.7M
Supplemental Operating Expense Items
General and Administrative Expenses	19.3M	21.5M	25.3M	23.3M	21.7M
Net Rental Expense, Total	-	-	-	-	-
Imputed Operating Lease Interest Expense	-	-	-	-	-
Imputed Operating Lease Depreciation	-	-	-	-	-
Maintenance & Repair Expenses, Total	2M	5.4M	3.7M	5.3M	4.9M
Stock-Based Comp., G&A Exp. (Total)	1.6M	1.4M	3.3M	2.6M	1.7M
Stock-Based Comp., Other (Total)	-	-	-	100K	-
Total Stock-Based Compensation	1.6M	1.4M	3.3M	2.7M	1.7M

Fiscal Period: March	2022	2023	2024	2025	2026
Assets
Gross Property Plant And Equipment	2.38B	2.66B	2.42B	2.36B	2.12B
Accumulated Depreciation	-6.6M	-8.1M	-5.2M	-6.5M	-7.7M
Net Property Plant And Equipment	2.37B	2.65B	2.41B	2.36B	2.11B
Total Real Estate Assets	2.37B	2.65B	2.41B	2.36B	2.11B
Cash And Equivalents	49M	18.5M	11.6M	32.7M	10.5M
Accounts Receivable, Total	6.7M	12.3M	18.7M	15.7M	10.3M
Other Receivables	600K	11.2M	1.1M	3.1M	2.6M
Investment In Debt and Equity Securities	1.7M	2.1M	3.2M	3.3M	6.2M
Other Intangibles, Total	1.9M	2M	2.2M	1.1M	-
Other Current Assets, Total	82.1M	145M	82.6M	59.2M	70.2M
Deferred Tax Assets Long-Term (Collected)	300K	-	300K	300K	500K
Other Long-Term Assets, Total	-	-	200K	-	-
Total Assets	2.51B	2.84B	2.53B	2.47B	2.21B
Liabilities
Current Portion of Long-Term Debt	-	49.8M	-	79.9M	-
Short-Term Borrowings	-	-	-	100K	-
Long-Term Debt	596M	859M	855M	761M	757M
Long-Term Leases	31M	34.7M	34.7M	34.7M	36.1M
Accounts Payable, Total	13.2M	15.4M	7.4M	6.8M	4.2M
Accrued Expenses, Total	27.4M	26.1M	28.5M	31.7M	32.7M
Current Income Taxes Payable	3.8M	15.9M	4.8M	3.2M	5M
Unearned Revenue, Current	8.2M	13.4M	12.1M	11.1M	9.2M
Deferred Tax Liability Current	-	-	-	-	-
Other Current Liabilities - (Brok / FS / Ins. / REIT Template)	33.2M	37M	40.2M	39.4M	37.7M
Total Liabilities	712M	1.05B	982M	968M	882M
Common Stock, Total	181M	192M	192M	192M	192M
Additional Paid In Capital	296M	296M	297M	296M	296M
Retained Earnings	1.3B	1.22B	977M	944M	771M
Treasury Stock	-9.9M	-9.9M	-9.9M	-300K	-200K
Comprehensive Income and Other	32.6M	91M	93M	71.2M	69.9M
Total Common Equity	1.8B	1.79B	1.55B	1.5B	1.33B
Total Equity	1.8B	1.79B	1.55B	1.5B	1.33B
Total Liabilities And Equity	2.51B	2.84B	2.53B	2.47B	2.21B
Supplemental Items
ECS Total Shares Outstanding on Filing Date	181M	191M	192M	192M	192M
ECS Total Common Shares Outstanding	181M	191M	192M	192M	192M
Book Value / Share	9.94	9.34	8.08	7.82	6.91
Tangible Book Value	1.8B	1.79B	1.55B	1.5B	1.33B
Tangible Book Value Per Share	9.93	9.33	8.07	7.81	6.91
Total Debt	626M	944M	890M	876M	793M
Net Debt	578M	925M	878M	843M	783M
Debt Equivalent Oper. Leases	-	-	-	-	-
Equity Method Investments, Total	-	-	-	-	-
Account Code - Inventory Valuation	3	3	3	3	3
Buildings, Total	284M	287M	282M	257M	262M
Machinery, Total	9.5M	12.5M	8.2M	9.9M	9.9M
Full Time Employees	266	293	329	322	283
Assets under Capital Lease - Gross	-	-	-	-	-
Accumulated Allowance for Doubtful Accounts (Supple)	5.2M	4.6M	3.9M	3.5M	1.3M

Fiscal Period: March	2022	2023	2024	2025	2026
Net Income	124M	-37.8M	-192M	5.4M	-120M
Depreciation, Depletion & Amortization	1.8M	1.6M	1.7M	1.4M	1.4M
Amortization of Goodwill and Intangible Assets - (CF)	900K	700K	600K	900K	400K
Total Depreciation, Depletion & Amortization	2.7M	2.3M	2.3M	2.3M	1.8M
Amortization of Deferred Charges, Total	1.1M	2.5M	2M	2.4M	1.6M
(Gain) Loss On Sale of Asset - (CF)	-7.8M	5.8M	6.4M	1.9M	14.5M
(Gain) Loss on Sale of Investments - (CF)	-	-	-	-	-
Total Asset Writedown	-68.7M	88M	251M	55.9M	159M
(Income) Loss On Equity Investments - (CF)	-	-	-	-	-
Stock-Based Compensation (CF)	1.6M	1.4M	3.3M	2.7M	1.7M
Change in Accounts Receivable	1.4M	-6.4M	-2.9M	5.7M	5.5M
Change in Accounts Payable	7.4M	17.6M	-16.2M	-2.1M	-2.2M
Other Operating Activities	-3.7M	5.4M	300K	2.4M	800K
Cash from Operations	57.9M	78.8M	53.9M	76.6M	62.6M
Acquisition of Real Estate Assets, Total	-119M	-244M	-72.1M	-60.7M	-52.1M
Sale of Real Estate Assets, Total	117M	48.5M	118M	76.9M	111M
Net Sale / Acquisition of Real Estate Assets	-1.6M	-195M	46.4M	16.2M	59.1M
Purchase / Sale of Intangible Assets	-500K	-800K	-800K	-400K	-
Investment in Marketable and Equity Securities, Total	6.8M	-	-	-	-2.3M
Other Investing Activities, Total	4.5M	-4.2M	300K	700K	1.3M
Cash from Investing	9.2M	-200M	45.9M	16.5M	58.1M
Long-Term Debt Issued, Total	25M	286M	156M	342M	165M
Total Debt Issued	25M	286M	156M	342M	165M
Long-Term Debt Repaid, Total	-174M	-150M	-211M	-356M	-251M
Total Debt Repaid	-174M	-150M	-211M	-356M	-251M
Issuance of Common Stock	-	-	-	-	-
Repurchase of Common Stock	-300K	-	-	-	-
Common Dividends Paid	-44.8M	-43.9M	-50.6M	-54.5M	-54.6M
Common & Preferred Stock Dividends Paid	-44.8M	-43.9M	-50.6M	-54.5M	-54.6M
Other Financing Activities, Total	-15.5M	-1.2M	-1.1M	-3.5M	-2.1M
Cash from Financing	-209M	90.9M	-107M	-72M	-143M
Net Change in Cash	-142M	-30.5M	-6.9M	21.1M	-22.2M
Supplemental Items
Cash Interest Paid	23.9M	33.3M	34.6M	29.8M	32.1M
Cash Income Tax Paid (Refund)	-	-	-	-	-
Net Debt Issued / Repaid	-148M	136M	-55M	-14M	-86.2M
Levered Free Cash Flow	-35.09M	-14.19M	99.52M	71.98M	33.04M
Unlevered Free Cash Flow	-23.38M	5.44M	120M	90.55M	52.41M
Change In Net Working Capital	69.3M	57.4M	-51.6M	-23.6M	8.5M

Fiscal Period: March	2022	2023	2024	2025	2026
Profitability
Return on Assets	1.65	2.22	2.35	2.47	2.45
Return on Total Capital	1.71	2.3	2.44	2.56	2.55
Return On Equity %	7.04	-2.11	-11.54	0.35	-8.5
Return on Common Equity	7.04	-2.11	-11.54	0.35	-8.5
Margin Analysis
Gross Profit Margin %	65.24	66.93	68.48	65.93	62.51
SG&A Margin	14.52	12.34	13.73	12.58	11.96
EBITDA Margin %	52.75	55.91	56	54.59	51.54
EBITA Margin %	51.39	54.99	55.07	53.83	50.77
EBIT Margin %	50.71	54.59	54.75	53.35	50.55
Income From Continuing Operations Margin %	93.23	-21.7	-104.45	2.92	-66.32
Net Income Margin %	93.23	-21.7	-104.45	2.92	-66.32
Net Avail. For Common Margin %	93.23	-21.7	-104.45	2.92	-66.32
Normalized Net Income Margin	22.06	21.78	22.38	22.54	20.84
Levered Free Cash Flow Margin	-26.4	-8.14	54	38.86	18.21
Unlevered Free Cash Flow Margin	-17.59	3.12	64.98	48.89	28.89
Asset Turnover
Asset Turnover	0.05	0.07	0.07	0.07	0.08
Fixed Assets Turnover	0.06	0.07	0.07	0.08	0.08
Receivables Turnover (Average Receivables)	14.69	18.34	11.89	10.77	13.95
Short Term Liquidity
Current Ratio	1.61	1.19	1.23	0.64	1.05
Quick Ratio	0.66	0.27	0.34	0.3	0.26
Operating Cash Flow to Current Liabilities	0.67	0.5	0.58	0.44	0.7
Days Sales Outstanding (Average Receivables)	24.86	19.91	30.78	33.9	26.16
Average Days Payable Outstanding	93.23	90.62	71.81	41.07	29.52
Long Term Solvency
Total Debt/Equity	34.81	52.78	57.43	58.32	59.71
Total Debt / Total Capital	25.82	34.55	36.48	36.84	37.39
LT Debt/Equity	34.81	50	57.43	53	59.71
Long-Term Debt / Total Capital	25.82	32.72	36.48	33.47	37.39
Total Liabilities / Total Assets	28.36	37.03	38.81	39.19	39.9
EBIT / Interest Expense	3.29	2.75	2.87	3.03	2.75
EBITDA / Interest Expense	3.42	2.82	2.94	3.1	2.8
(EBITDA - Capex) / Interest Expense	3.42	2.82	2.94	3.1	2.8
Total Debt / EBITDA	8.94	9.69	8.62	8.67	8.48
Net Debt / EBITDA	8.24	9.5	8.51	8.34	8.37
Total Debt / (EBITDA - Capex)	8.94	9.69	8.62	8.67	8.48
Net Debt / (EBITDA - Capex)	8.24	9.5	8.51	8.34	8.37
Growth Over Prior Year
Total Revenues, 1 Yr. Growth %	-6.61	31.08	5.8	0.49	-2.05
Gross Profit, 1 Yr. Growth %	6.38	34.49	8.23	-3.25	-7.13
EBITDA, 1 Yr. Growth %	7.19	38.94	5.95	-2.03	-7.52
EBITA, 1 Yr. Growth %	7.73	40.26	5.95	-1.77	-7.62
EBIT, 1 Yr. Growth %	7.84	41.1	6.1	-2.08	-7.19
Earnings From Cont. Operations, 1 Yr. Growth %	-152.57	-130.51	409.26	-102.81	-2.33K
Net Income, 1 Yr. Growth %	-152.57	-130.51	409.26	-102.81	-2.33K
Diluted EPS Before Extra, 1 Yr. Growth %	-152.25	-129.22	404.67	-102.79	-2.34K
Normalized Net Income, 1 Yr. Growth %	21.19	29.42	8.73	1.21	-9.43
Net Property, Plant and Equip., 1 Yr. Growth %	0.67	11.74	-8.92	-2.34	-10.42
Accounts Receivable, 1 Yr. Growth %	-41.23	83.58	52.03	-16.04	-34.4
Total Assets, 1 Yr. Growth %	-3.15	13.03	-10.84	-2.41	-10.54
Common Equity, 1 Yr. Growth %	4.66	-0.66	-13.36	-3.02	-11.58
Tangible Book Value, 1 Yr. Growth %	4.69	-0.67	-13.38	-2.95	-11.52
Cash From Operations, 1 Yr. Growth %	50.78	36.1	-31.6	42.12	-18.28
Levered Free Cash Flow, 1 Yr. Growth %	-172.97	-59.57	-801.5	-27.68	-54.1
Unlevered Free Cash Flow, 1 Yr. Growth %	-137.66	-123.26	2.1K	-24.39	-42.12
Dividend Per Share, 1 Yr. Growth %	21.13	20	8.53	1.43	-8.1
Compound Annual Growth Rate Over Two Years
Total Revenues, 2 Yr. CAGR %	-9.26	10.64	17.76	3.11	-0.79
Gross Profit, 2 Yr. CAGR %	-15.7	19.61	20.65	2.33	-5.21
EBITDA, 2 Yr. CAGR %	-18.56	22.04	21.33	1.88	-4.82
EBITA, 2 Yr. CAGR %	-19.27	22.92	21.91	2.02	-4.74
EBIT, 2 Yr. CAGR %	-19.61	23.35	22.35	1.93	-4.67
Earnings From Cont. Operations, 2 Yr. CAGR %	31.09	-59.95	24.65	-62.2	-20.95
Net Income, 2 Yr. CAGR %	31.09	-59.95	24.65	-62.2	-20.95
Diluted EPS Before Extra, 2 Yr. CAGR %	30.97	-60.93	21.44	-62.49	-21.05
Normalized Net Income, 2 Yr. CAGR %	-23.91	25.24	18.63	4.9	-4.26
Net Property, Plant and Equip., 2 Yr. CAGR %	-4.37	6.06	0.88	-5.69	-6.46
Accounts Receivable, 2 Yr. CAGR %	-18.15	3.87	67.06	12.98	-25.78
Total Assets, 2 Yr. CAGR %	-4.17	4.63	0.39	-6.72	-6.56
Common Equity, 2 Yr. CAGR %	-5.09	1.96	-7.23	-8.33	-7.4
Tangible Book Value, 2 Yr. CAGR %	-5.1	1.98	-7.24	-8.31	-7.33
Cash From Operations, 2 Yr. CAGR %	-17.32	43.25	-3.52	-1.41	7.77
Levered Free Cash Flow, 2 Yr. CAGR %	-25.68	-45.68	68.42	125.24	-42.38
Unlevered Free Cash Flow, 2 Yr. CAGR %	-45.04	-70.4	126.35	308.08	-33.85
Dividend Per Share, 2 Yr. CAGR %	-22.89	20.56	14.12	4.92	-3.45
Compound Annual Growth Rate Over Three Years
Total Revenues, 3 Yr. CAGR %	-3.83	2.58	9	11.7	1.36
Gross Profit, 3 Yr. CAGR %	-7.91	-1.5	15.69	12.09	-0.92
EBITDA, 3 Yr. CAGR %	-9.73	-2.69	16.42	12.98	-1.35
EBITA, 3 Yr. CAGR %	-10.19	-2.95	16.98	13.44	-1.3
EBIT, 3 Yr. CAGR %	-10.46	-3.03	17.31	13.6	-1.21
Earnings From Cont. Operations, 3 Yr. CAGR %	-3.37	-19.37	-6.53	-64.81	47.09
Net Income, 3 Yr. CAGR %	-3.37	-19.37	-6.53	-64.81	47.09
Diluted EPS Before Extra, 3 Yr. CAGR %	-4.01	-20.56	-8.32	-65.49	46.52
Normalized Net Income, 3 Yr. CAGR %	-13.47	-9.17	19.48	12.51	-0.11
Net Property, Plant and Equip., 3 Yr. CAGR %	-2.98	0.72	0.81	-0.2	-7.29
Accounts Receivable, 3 Yr. CAGR %	15.93	7.14	17.94	32.82	-5.74
Total Assets, 3 Yr. CAGR %	-2.16	1.25	-0.81	-0.55	-8.01
Common Equity, 3 Yr. CAGR %	-3.17	-3.64	-3.42	-5.84	-9.43
Tangible Book Value, 3 Yr. CAGR %	-3.17	-3.64	-3.42	-5.83	-9.4
Cash From Operations, 3 Yr. CAGR %	-8.71	-2.38	11.97	9.78	-7.38
Levered Free Cash Flow, 3 Yr. CAGR %	0.81	-39.33	27.44	27.06	32.55
Unlevered Free Cash Flow, 3 Yr. CAGR %	-20.42	-58.74	24.5	57.05	112.82
Dividend Per Share, 3 Yr. CAGR %	-13.19	-10.64	16.41	9.72	0.39
Compound Annual Growth Rate Over Five Years
Total Revenues, 5 Yr. CAGR %	4.06	6.21	4.29	2.79	4.98
Gross Profit, 5 Yr. CAGR %	1.8	4.05	2.6	0.02	6.83
EBITDA, 5 Yr. CAGR %	0.64	3.78	1.61	-0.89	7.41
EBITA, 5 Yr. CAGR %	0.39	3.72	1.48	-0.99	7.75
EBIT, 5 Yr. CAGR %	0.18	3.65	1.45	-1.08	7.97
Earnings From Cont. Operations, 5 Yr. CAGR %	6.91	-26.09	6.99	-40.45	-12.59
Net Income, 5 Yr. CAGR %	6.91	-26.09	6.99	-40.45	-12.59
Diluted EPS Before Extra, 5 Yr. CAGR %	4.94	-28.16	5.46	-41.16	-13.64
Normalized Net Income, 5 Yr. CAGR %	-2.49	-0.07	-1.83	-3.78	9.35
Net Property, Plant and Equip., 5 Yr. CAGR %	5.17	2.93	-1.45	-1.89	-2.17
Accounts Receivable, 5 Yr. CAGR %	15.93	30.9	34.18	9.44	-2.01
Total Assets, 5 Yr. CAGR %	5.77	3.95	-1.15	-2.02	-3.15
Common Equity, 5 Yr. CAGR %	2.66	0.86	-4.81	-5.54	-5.03
Tangible Book Value, 5 Yr. CAGR %	2.64	0.85	-4.82	-5.54	-5.01
Cash From Operations, 5 Yr. CAGR %	1.63	1.21	-6.67	-1.99	10.27
Levered Free Cash Flow, 5 Yr. CAGR %	-12.21	-26.57	23.78	2.53	-7.23
Unlevered Free Cash Flow, 5 Yr. CAGR %	-20.83	-41.22	20.89	3.19	-3.32
Dividend Per Share, 5 Yr. CAGR %	0.4	-1.19	-3.16	-4.72	8.02