Morgan Advanced Materials plc (LON:MGAM)

Morgan Advanced Materials Balance Sheet

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

Assets

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun 30, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Cash & Equivalents	104.3	79.3	120.8	124.5	117.7	127.3
Short-Term Investments	48.8	47.2	-	-	-	-
Cash & Short-Term Investments	153.1	126.5	120.8	124.5	117.7	127.3
Cash Growth	80.97%	4.72%	-2.97%	5.78%	-7.54%	-13.87%
Accounts Receivable	125.9	107	157.3	160.3	171.6	139.8
Other Receivables	34.5	19.2	17.1	16.9	16.4	13
Receivables	160.4	126.2	174.4	177.2	188	152.8
Inventory	165.9	146.5	165.9	175.1	174.2	140.7
Prepaid Expenses	-	15.1	17.5	15.6	14.8	9.2
Other Current Assets	2.2	2	1.2	1.5	1.3	0.6
Total Current Assets	481.6	416.3	479.8	493.9	496	430.6
Property, Plant & Equipment	357.2	362.4	377.4	325.4	316.8	280
Long-Term Investments	0.6	0.5	2	2.2	-	-
Goodwill	165.3	163.7	176.9	177.5	181.9	172.9
Other Intangible Assets	3	3.2	3	4.7	7.1	10.2
Long-Term Accounts Receivable	3.2	0.7	0.6	0.3	-	-
Long-Term Deferred Tax Assets	25.1	23.2	21.4	17.6	15.3	15.9
Other Long-Term Assets	15.2	14.8	16	16.6	3.2	2.9
Total Assets	1,051	984.8	1,077	1,038	1,020	912.5

Liabilities

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun 30, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Accounts Payable	207.3	84.3	87.4	78.1	78.6	61.8
Accrued Expenses	-	83.2	85.6	88.1	89.5	83
Short-Term Debt	-	5.1	9.3	0.6	1.5	-
Current Portion of Long-Term Debt	100.7	94.3	-	-	34.6	-
Current Portion of Leases	11.2	11.1	11	10.5	10.5	9.8
Current Income Taxes Payable	25.9	24	26.6	25.6	30.3	25.4
Current Unearned Revenue	-	5	6.7	8.6	8.9	12.2
Other Current Liabilities	9.1	30.7	36.5	28	29.5	35.6
Total Current Liabilities	354.2	337.7	263.1	239.5	283.4	227.8
Long-Term Debt	256.7	212.1	337.7	309.1	230.1	174
Long-Term Leases	37.2	38.1	36.1	36.6	41.4	40
Pension & Post-Retirement Benefits	33.7	34.4	34.5	38.7	15.6	102.7
Long-Term Deferred Tax Liabilities	0.9	1	2.7	1.8	2	1.2
Other Long-Term Liabilities	14.9	12.6	13.7	13.9	18.2	17.2
Total Liabilities	697.6	635.9	687.8	639.6	590.7	562.9

Shareholders' Equity

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun 30, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Common Stock	69.2	69.2	70.9	71.3	71.3	71.3
Additional Paid-In Capital	111.7	111.7	111.7	111.7	111.7	111.7
Retained Earnings	145.8	149.4	179.3	170.8	170.9	109.1
Comprehensive Income & Other	-7.6	-13.7	-8.2	6.5	35.1	18.5
Total Common Equity	319.1	316.6	353.7	360.3	389	310.6
Minority Interest	34.5	32.3	35.6	38.3	40.6	39
Shareholders' Equity	353.6	348.9	389.3	398.6	429.6	349.6
Total Liabilities & Equity	1,051	984.8	1,077	1,038	1,020	912.5

Additional Metrics

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun 30, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Total Debt	405.8	360.7	394.1	356.8	318.1	223.8
Net Cash (Debt)	-252.7	-234.2	-273.3	-232.3	-200.4	-96.5
Net Cash Growth	-	-	-	-	-	-
Net Cash Per Share	-0.91	-0.84	-0.95	-0.81	-0.70	-0.34
Filing Date Shares Outstanding	276.1	276.59	283.16	284.56	284.2	284.01
Total Common Shares Outstanding	276.1	276.59	283.16	284.56	284.2	284.01
Working Capital	127.4	78.6	216.7	254.4	212.6	202.8
Book Value Per Share	1.16	1.14	1.25	1.27	1.37	1.09
Tangible Book Value	150.8	149.7	173.8	178.1	200	127.5
Tangible Book Value Per Share	0.55	0.54	0.61	0.63	0.70	0.45
Land	209.3	206.9	216.6	216.1	219.2	199.8
Machinery	801.9	785.1	817.9	777.4	770.2	677.2

Data Source: S&P Global Market Intelligence Last updated: Jun 30, 2026

Financial data is provided by S&P Global Market Intelligence and updates within hours after each earnings release, which is every six months for this company.

Update frequency:

Semi-annually

Last checked:

Aug 12, 2026

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