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UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

WASHINGTON, D.C. 20549

FORM 20-F

(Mark One)

¨REGISTRATION STATEMENT PURSUANT TO SECTION 12(b) OR (g) OF THE SECURITIES EXCHANGE ACT OF 1934

OR

For the fiscal year ended December 31 2025

OR

¨TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934

OR

¨SHELL COMPANY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934

Date of event requiring this shell company report _________

For the transition period from _________ to _________

Commission file number 001-38303

WPP plc

(Exact Name of Registrant as specified in its charter)

Jersey

(Jurisdiction of incorporation or organization)

Sea Containers,18 Upper Ground

London, United Kingdom, SE1 9GL

(Address of principal executive offices)

Andrea Harris

Group Chief Counsel

Sea Containers,18 Upper Ground, London, United Kingdom, SE1 9GL

Telephone: +44(0) 20 7282 4600

E-mail: andrea.harris@wpp.com

(Name, Telephone, E-mail and/or Facsimile number and Address of Company Contact Person)

Securities registered or to be registered pursuant to Section 12(b) of the Act.

Title of each classTrading Symbol (s)Name of each exchange on which registered
Ordinary Shares of 10p eachWPPLondon Stock Exchange
American Depositary Shares, eachrepresenting five Ordinary Shares (ADSs)WPPNew York Stock Exchange

Securities registered or to be registered pursuant to Section 12(g) of the Act.

Not applicable

Not applicable

Securities for which there is a reporting obligation pursuant to Section 15(d) of the Act.

None

Indicate the number of outstanding shares of each of the issuer’s classes of capital or common stock as of the close of the period covered by the annual report.

At December 31, 2025, the number of outstanding ordinary shares was 1,078,802,358 which included at such date 102,214,300 ordinary shares represented by 20,442,860 ADRs.

Indicate by check mark if the registrant is a well-known seasoned issuer, as defined in Rule 405 of the Securities Act.

YesxNo¨

If this report is an annual or transition report, indicate by check mark if the registrant is not required to file reports pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934.

Yes¨Nox

Note – Checking the box above will not relieve any registrant required to file reports pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 from their obligations under those Sections.

Indicate by check mark whether the registrant (1) has filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during the preceding 12 months (or for such shorter period that the registrant was required to file such reports), and (2) has been subject to such filing requirements for the past 90 days.

YesxNo¨

Indicate by check mark whether the registrant has submitted electronically every Interactive Data File required to be submitted pursuant to Rule 405 of Regulation S-T (§232.405 of this chapter) during the preceding 12 months (or for such shorter period that the registrant was required to submit and post such files).

YesxNo¨

Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, or a non-accelerated filer, or an emerging growth company. See definition of “large accelerated filer,” “accelerated filer,” and “emerging growth company” in Rule 12b-2 of the Exchange Act.

Large Accelerated FilerxAccelerated Filer¨
Non-accelerated FileroEmerging Growth Company¨

If an emerging growth company that prepares its financial statements in accordance with U.S. GAAP, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act.

¨

†The term “new or revised financial accounting standard” refers to any update issued by the Financial Accounting Standards Board to its Accounting Standards Codification after April 5, 2012.

Indicate by check mark whether the registrant has filed a report on and attestation to its management’s assessment of the effectiveness of its internal control over financial reporting under Section 404(b) of the Sarbanes-Oxley Act (15 U.S.C. 7262(b)) by the registered public accounting firm that prepared or issued its audit report.

x

If securities are registered pursuant to Section 12(b) of the Act, indicate by check mark whether the financial statements of the registrant included in the filing reflect the correction of an error to previously issued financial statements.

x

Indicate by check mark whether any of those error corrections are restatements that required a recovery analysis of incentive-based compensation received by any of the registrant’s executive officers during the relevant recovery period pursuant to §240.10D-1(b).

¨

Indicate by check mark which basis of accounting the registrant has used to prepare the financial statements included in this filing:

U.S. GAAP ¨International Financial Reporting Standards as issued by the International Accounting Standards Board xOther ¨

If “Other” has been checked in response to the previous question, indicate by check mark which financial statement item the registrant has elected to follow.

Item 17¨Item 18¨

If this is an annual report, indicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Exchange Act).

YesoNox
Page
FORWARD – LOOKING STATEMENTS1
Part I2
Item 1IDENTITY OF DIRECTORS, SENIOR MANAGEMENT AND ADVISERS2
Item 2OFFER STATISTICS AND EXPECTED TIMETABLE2
Item 3KEY INFORMATION2
A[Reserved]2
BCapitalization and Indebtedness2
CReasons for the Offer and Use of Proceeds2
DRisk Factors2
Item 4INFORMATION ON THE COMPANY6
AHistory and Development of the Company7
BBusiness Overview7
COrganizational Structure8
DProperty, Plant and Equipment8
Item 4AUNRESOLVED STAFF COMMENTS9
Item 5OPERATING AND FINANCIAL REVIEW AND PROSPECTS9
AOperating Results10
BLiquidity and Capital Resources10
CResearch and Development, Patents and Licenses, etc.11
DTrend Information11
ECritical Accounting Estimates12
Item 6DIRECTORS, SENIOR MANAGEMENT AND EMPLOYEES16
ADirectors and Senior Management16
BCompensation17
CBoard Practices17
DEmployees20
EShare Ownership20
FDisclosure of a Registrant's Action to Recover Erroneously Awarded Compensation20
Item 7MAJOR SHAREHOLDERS AND RELATED PARTY TRANSACTIONS20
AMajor Shareholders20
BRelated Party Transactions21
CInterests of Experts and Counsel21
Item 8FINANCIAL INFORMATION21
AConsolidated Statements and Other Financial Information21
BSignificant Changes22
Item 9THE OFFER AND LISTING22
AOffer and Listing Details22
BPlan of Distribution22
CMarkets22
DSelling Shareholders22
EDilution22
FExpenses of the Issue22
Page
Item 10ADDITIONAL INFORMATION22
AShare Capital22
BMemorandum and Articles of Association22
CMaterial Contracts22
DExchange Controls25
ETaxation25
FDividends and Paying Agents30
GStatements by Experts30
HDocuments on Display30
ISubsidiary Information30
Item 11QUANTITATIVE AND QUALITATIVE DISCLOSURES ABOUT MARKET RISK30
Item 12DESCRIPTION OF SECURITIES OTHER THAN EQUITY SECURITIES30
ADebt Securities30
BWarrants and Rights30
COther Securities30
DAmerican Depositary Shares31
Part II33
Item 13DEFAULTS, DIVIDEND ARREARAGES AND DELINQUENCIES33
Item 14MATERIAL MODIFICATIONS TO THE RIGHTS OF SECURITY HOLDERS AND USE OF PROCEEDS33
Item 15CONTROLS AND PROCEDURES33
Item 16[RESERVED]34
Item 16AAUDIT COMMITTEE FINANCIAL EXPERT34
Item 16BCODE OF ETHICS34
Item 16CPRINCIPAL ACCOUNTANT FEES AND SERVICES34
Item 16DEXEMPTIONS FROM THE LISTING STANDARDS FOR AUDIT COMMITTEES34
Item 16EPURCHASES OF EQUITY SECURITIES BY THE ISSUER AND AFFILIATED PURCHASERS35
Item 16FCHANGE IN REGISTRANT’S CERTIFYING ACCOUNTANT35
Item 16GCORPORATE GOVERNANCE35
Item 16HMINE SAFETY DISCLOSURE36
Item 16IDISCLOSURE REGARDING FOREIGN JURISDICTIONS THAT PREVENT INSPECTIONS36
Item 16JINSIDER TRADING POLICIES36
Item 16KCYBERSECURITY36
Part III38
Item 17FINANCIAL STATEMENTS38
Item 18FINANCIAL STATEMENTS38
Item 19EXHIBITS38
ContentsView on SEC.gov

The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.