Morgan Advanced Materials Balance Sheet

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

Millions GBP. Fiscal year is Jan - Dec.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Cash & Equivalents	79.3	120.8	124.5	117.7	127.3
Short-Term Investments	47.2	-	-	-	-
Cash & Short-Term Investments	126.5	120.8	124.5	117.7	127.3
Cash Growth	4.72%	-2.97%	5.78%	-7.54%	-13.87%
Accounts Receivable	139.1	157.3	160.3	171.6	139.8
Other Receivables	2.2	17.1	16.9	16.4	13
Receivables	141.3	174.4	177.2	188	152.8
Inventory	146.5	165.9	175.1	174.2	140.7
Prepaid Expenses	-	17.5	15.6	14.8	9.2
Other Current Assets	2	1.2	1.5	1.3	0.6
Total Current Assets	416.3	479.8	493.9	496	430.6
Property, Plant & Equipment	362.4	377.4	325.4	316.8	280
Long-Term Investments	0.5	2	2.2	-	-
Goodwill	163.7	176.9	177.5	181.9	172.9
Other Intangible Assets	3.2	3	4.7	7.1	10.2
Long-Term Accounts Receivable	3.1	0.6	0.3	-	-
Long-Term Deferred Tax Assets	23.2	21.4	17.6	15.3	15.9
Other Long-Term Assets	12.4	16	16.6	3.2	2.9
Total Assets	984.8	1,077	1,038	1,020	912.5
Accounts Payable	194.6	87.4	78.1	78.6	61.8
Accrued Expenses	2.4	87.8	88.1	89.5	83
Short-Term Debt	99.4	9.3	0.6	1.5	-
Current Portion of Long-Term Debt	-	-	-	34.6	-
Current Portion of Leases	11.1	11	10.5	10.5	9.8
Current Income Taxes Payable	24	26.6	25.6	30.3	25.4
Current Unearned Revenue	-	6.7	8.6	8.9	12.2
Other Current Liabilities	6.2	34.3	28	29.5	35.6
Total Current Liabilities	337.7	263.1	239.5	283.4	227.8
Long-Term Debt	212.1	337.7	309.1	230.1	174
Long-Term Leases	38.1	36.1	36.6	41.4	40
Pension & Post-Retirement Benefits	34.4	34.5	38.7	15.6	102.7
Long-Term Deferred Tax Liabilities	1	2.7	1.8	2	1.2
Other Long-Term Liabilities	12.6	13.7	13.9	18.2	17.2
Total Liabilities	635.9	687.8	639.6	590.7	562.9
Common Stock	69.2	70.9	71.3	71.3	71.3
Additional Paid-In Capital	111.7	111.7	111.7	111.7	111.7
Retained Earnings	149.4	179.3	170.8	170.9	109.1
Comprehensive Income & Other	-13.7	-8.2	6.5	35.1	18.5
Total Common Equity	316.6	353.7	360.3	389	310.6
Minority Interest	32.3	35.6	38.3	40.6	39
Shareholders' Equity	348.9	389.3	398.6	429.6	349.6
Total Liabilities & Equity	984.8	1,077	1,038	1,020	912.5
Total Debt	360.7	394.1	356.8	318.1	223.8
Net Cash (Debt)	-234.2	-273.3	-232.3	-200.4	-96.5
Net Cash Per Share	-0.83	-0.95	-0.81	-0.70	-0.34
Filing Date Shares Outstanding	279.6	283.16	284.56	284.2	284.01
Total Common Shares Outstanding	279.6	283.16	284.56	284.2	284.01
Working Capital	78.6	216.7	254.4	212.6	202.8
Book Value Per Share	1.13	1.25	1.27	1.37	1.09
Tangible Book Value	149.7	173.8	178.1	200	127.5
Tangible Book Value Per Share	0.54	0.61	0.63	0.70	0.45
Land	206.9	216.6	216.1	219.2	199.8
Machinery	785.1	817.9	777.4	770.2	677.2

Updated Dec 31, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.