Morgan Advanced Materials

Income Statement Half Year 2025

For half year ended 30 June 2025

    Six months ended 30 June 2025 Six months ended 30 June 2024
    Results before specific adjusting items Specific adjusting items1 Total Results before specific adjusting items Specific adjusting items1 Total
  Note £m £m £m £m £m £m
Revenue 2 522.6 - 522.6 572.6 - 572.6
Operating costs before amortisation of intangible assets   (464.6) (16.3) (480.9) (501.3) (3.4) (504.7)

Profit from operations before amortisation of intangible assets

2 58.0 (16.3) 41.7 71.3 (3.4) 67.9

Amortisation of intangible assets

 

(0.5) - (0.5) (1.1) - (1.1)

Operating profit

2 57.5 (16.3) 41.2 70.2 (3.4) 66.8
Finance income
  1.7 - 1.7 1.3 - 1.3
Finance expense
  (12.5) - (12.5) (10.6) - (10.6)
Net financing costs 4 (10.8) - (10.8) (9.3) - (9.3)
Profit before taxation   46.7 (16.3) 30.4 60.9 (3.4) 57.5
Income tax expense 5 (12.8) 1.5 (11.3) (15.8) 0.4 (15.4)
Profit from continuing operations   33.9 (14.8) 19.1 45.1 (3.0) 42.1
Profit from discontinued operations 6 - - - - - -
Profit for the period   33.9 (14.8) 19.1 45.1 (3.0) 42.1

Profit for the period attributable to:

Shareholders of the Company

  29.8 (14.8) 15.0 40.4 (3.0) 37.4
Non-controlling interests   4.1 - 4.1 4.7 - 4.7
Profit for the period   33.9 (14.8) 19.1 45.1 (3.0) 42.1

Earnings per share

Continuing and discontinued operations

7            
Basic earnings per share       5.3p     13.2p
Diluted earnings per share       5.3p     13.0p
Continuing operations              
Basic earnings per share       5.3p     13.2p
Diluted earnings per share       5.3p     13.0p
Dividends2              

Proposed interim dividend

- pence

      5.4p     5.4p
- £m       15.1     15.4

1. Details of specific adjusting items are given in note 3 to the condensed consolidated financial statements.
2. The proposed interim and approved final dividends are based upon the number of shares outstanding at the balance sheet date.

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