Morgan Advanced Materials Balance Sheet

Financials in millions GBP. Fiscal year is January - December.

Millions GBP. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Jun '25 Jun 30, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021	Dec '20 Dec 31, 2020
Cash & Equivalents	84.6	120.8	124.5	117.7	127.3	147.8
Cash & Short-Term Investments	84.6	120.8	124.5	117.7	127.3	147.8
Cash Growth	-27.44%	-2.97%	5.78%	-7.54%	-13.87%	11.29%
Accounts Receivable	157.9	157.3	160.3	171.6	139.8	124.9
Other Receivables	30.3	17.1	16.9	16.4	13	20.3
Receivables	188.2	174.4	177.2	188	152.8	145.2
Inventory	158.9	165.9	175.1	174.2	140.7	122.4
Prepaid Expenses	-	17.5	15.6	14.8	9.2	-
Other Current Assets	3.3	1.2	1.5	1.3	0.6	1
Total Current Assets	435	479.8	493.9	496	430.6	416.4
Property, Plant & Equipment	377	377.4	325.4	316.8	280	303.1
Long-Term Investments	0.5	2	2.2	-	-	7.2
Goodwill	170.6	176.9	177.5	181.9	172.9	173.2
Other Intangible Assets	3.2	3	4.7	7.1	10.2	12.2
Long-Term Accounts Receivable	2.9	0.6	0.3	-	-	4
Long-Term Deferred Tax Assets	19.2	21.4	17.6	15.3	15.9	14.4
Other Long-Term Assets	12	16	16.6	3.2	2.9	-
Total Assets	1,020	1,077	1,038	1,020	912.5	930.5
Accounts Payable	203.8	87.4	78.1	78.6	61.8	62.3
Accrued Expenses	-	87.8	88.1	89.5	83	-
Short-Term Debt	0.2	9.3	0.6	1.5	-	-
Current Portion of Long-Term Debt	-	-	-	34.6	-	71.3
Current Portion of Leases	11.2	11	10.5	10.5	9.8	11.5
Current Income Taxes Payable	25.1	26.6	25.6	30.3	25.4	20.4
Current Unearned Revenue	-	6.7	8.6	8.9	12.2	10
Other Current Liabilities	9.4	34.3	28	29.5	35.6	104.2
Total Current Liabilities	249.7	263.1	239.5	283.4	227.8	279.7
Long-Term Debt	333.5	337.7	309.1	230.1	174	177.5
Long-Term Leases	36.2	36.1	36.6	41.4	40	43.1
Pension & Post-Retirement Benefits	34	34.5	38.7	15.6	102.7	176.3
Long-Term Deferred Tax Liabilities	1.8	2.7	1.8	2	1.2	0.5
Other Long-Term Liabilities	13	13.7	13.9	18.2	17.2	13.4
Total Liabilities	668.2	687.8	639.6	590.7	562.9	690.5
Common Stock	69.9	70.9	71.3	71.3	71.3	71.3
Additional Paid-In Capital	111.7	111.7	111.7	111.7	111.7	111.7
Retained Earnings	164.8	179.3	170.8	170.9	109.1	0.6
Comprehensive Income & Other	-29.7	-8.2	6.5	35.1	18.5	18.7
Total Common Equity	316.7	353.7	360.3	389	310.6	202.3
Minority Interest	35.5	35.6	38.3	40.6	39	37.7
Shareholders' Equity	352.2	389.3	398.6	429.6	349.6	240
Total Liabilities & Equity	1,020	1,077	1,038	1,020	912.5	930.5
Total Debt	381.1	394.1	356.8	318.1	223.8	303.4
Net Cash (Debt)	-296.5	-273.3	-232.3	-200.4	-96.5	-155.6
Net Cash Per Share	-1.04	-0.95	-0.81	-0.70	-0.34	-0.54
Filing Date Shares Outstanding	280.8	283.16	284.56	284.2	284.01	284.53
Total Common Shares Outstanding	280.8	283.16	284.56	284.2	284.01	284.53
Working Capital	185.3	216.7	254.4	212.6	202.8	136.7
Book Value Per Share	1.13	1.25	1.27	1.37	1.09	0.71
Tangible Book Value	142.9	173.8	178.1	200	127.5	16.9
Tangible Book Value Per Share	0.51	0.61	0.63	0.70	0.45	0.06
Land	209.9	216.6	216.1	219.2	199.8	215.2
Machinery	795.1	817.9	777.4	770.2	677.2	678.2

Source: S&P Global Market Intelligence. Standard template. Financial Sources.