Morgan Advanced Materials plc (LON:MGAM)

Morgan Advanced Materials Income Statement

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

Fiscal Year	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Revenue	1,101	1,115	1,112	950.5	910.7
Revenue Growth (YoY)	-1.26%	0.23%	17.00%	4.37%	-13.23%
Cost of Revenue	972.3	994.4	960.2	818	816.3
Gross Profit	128.4	120.3	151.9	132.5	94.4
Selling, General & Admin	0.6	-	1.9	1.9	3.1
Operating Expenses	2.3	3.3	6.6	7.9	9.2
Operating Income	126.1	117	145.3	124.6	85.2
Interest Expense	-21	-18	-9.4	-8.4	-10.2
Interest & Investment Income	2.6	3.9	1.6	0.8	0.9
Earnings From Equity Investments	-	-	-	0.4	0.6
EBT Excluding Unusual Items	107.7	102.9	137.5	117.4	76.5
Merger & Restructuring Charges	-13.1	-5.4	-0.3	-0.7	-60.8
Asset Writedown	-4.2	0.8	-5.6	-12.4	-28.8
Other Unusual Items	-5.8	-20.5	-	-	-
Pretax Income	84.6	77.8	131.6	104.3	-13.1
Income Tax Expense	25.9	22.2	36	28.2	6.9
Earnings From Continuing Operations	58.7	55.6	95.6	76.1	-20
Earnings From Discontinued Operations	0.1	0.7	1.1	5.7	2
Net Income to Company	58.8	56.3	96.7	81.8	-18
Minority Interest in Earnings	-8.5	-9	-8.7	-8	-4.5
Net Income	50.3	47.3	88	73.8	-22.5
Net Income to Common	50.3	47.3	88	73.8	-22.5
Net Income Growth	6.34%	-46.25%	19.24%	-	-
Shares Outstanding (Basic)	285	285	284	285	285
Shares Outstanding (Diluted)	287	287	287	287	286
Shares Change (YoY)	-	0.17%	-0.07%	0.32%	-0.03%
EPS (Basic)	0.18	0.17	0.31	0.26	-0.08
EPS (Diluted)	0.18	0.17	0.31	0.26	-0.08
EPS Growth	5.99%	-46.08%	19.46%	-	-
Free Cash Flow	17.2	18.1	-39	73.8	79.8
Free Cash Flow Per Share	0.06	0.06	-0.14	0.26	0.28
Dividend Per Share	0.122	0.120	0.120	0.091	0.055
Dividend Growth	1.67%	-	31.87%	65.45%	37.50%
Gross Margin	11.67%	10.79%	13.66%	13.94%	10.37%
Operating Margin	11.46%	10.50%	13.06%	13.11%	9.35%
Profit Margin	4.57%	4.24%	7.91%	7.76%	-2.47%
Free Cash Flow Margin	1.56%	1.62%	-3.51%	7.76%	8.76%
EBITDA	160.7	149.4	176.4	155.8	120.5
EBITDA Margin	14.60%	13.40%	15.86%	16.39%	13.23%
D&A For EBITDA	34.6	32.4	31.1	31.2	35.3
EBIT	126.1	117	145.3	124.6	85.2
EBIT Margin	11.46%	10.50%	13.06%	13.11%	9.35%
Effective Tax Rate	30.61%	28.54%	27.36%	27.04%	-

Updated Feb 28, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.