Morgan Advanced Materials Income Statement

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
Revenue	996.6	1,101	1,115	1,112	950.5
Revenue Growth (YoY)	-9.46%	-1.26%	0.23%	17.00%	4.37%
Cost of Revenue	934.8	991.2	1,020	960.1	831.4
Gross Profit	61.8	109.5	94.4	152	119.1
Depreciation & Amortization Expenses	1	1.7	3.3	4.7	6
Other Operating Expenses	15.6	4.2	15.4	6.5	-
Total Operating Expenses	16.6	5.9	18.7	11.2	6
Operating Income	45.2	103.6	91.9	140.8	113.1
Interest Income	2.9	2.6	3.9	1.6	0.8
Interest Expense	-25.1	-21.6	-18	-10.8	-10
Total Non-Operating Income (Expense)	-22.2	-19	-14.1	-9.2	-9.2
Pretax Income	23	84.6	77.8	131.6	104.3
Provision for Income Taxes	17.9	25.9	22.2	36	28.2
Net Income	28.8	58.8	56.3	96.7	81.8
Minority Interest in Earnings	7.7	8.5	9	8.7	8.4
Earnings From Discontinued Operations	23.7	0.1	0.7	1.1	5.7
Net Income to Common	21.1	50.3	47.3	88	73.8
Net Income Growth	-58.05%	6.34%	-46.25%	19.24%	-
Shares Outstanding (Basic)	280	285	285	284	285
Shares Outstanding (Diluted)	281	287	287	287	287
Shares Change (YoY)	-2.23%	-	0.17%	-0.07%	0.32%
EPS (Basic)	0.07	0.18	0.17	0.31	0.26
EPS (Diluted)	0.07	0.17	0.17	0.31	0.26
EPS Growth	-57.14%	6.06%	-46.25%	19.45%	-
Free Cash Flow	50.7	17.2	18.1	-39	73.8
Free Cash Flow Growth	194.77%	-4.97%	-	-	-7.52%
Free Cash Flow Per Share	0.18	0.06	0.06	-0.14	0.26
Dividends Per Share	0.122	0.122	0.120	0.120	0.091
Dividend Growth	0%	1.67%	0%	31.87%	65.45%
Gross Margin	6.20%	9.95%	8.47%	13.67%	12.53%
Operating Margin	4.54%	9.41%	8.24%	12.66%	11.90%
Profit Margin	2.89%	5.34%	5.05%	8.70%	8.61%
FCF Margin	5.09%	1.56%	1.62%	-3.51%	7.76%
EBITDA	88.2	148	134.7	183.6	157.1
EBITDA Margin	8.85%	13.45%	12.08%	16.51%	16.53%
EBIT	45.2	103.6	91.9	140.8	113.1
EBIT Margin	4.54%	9.41%	8.24%	12.66%	11.90%
Effective Tax Rate	77.83%	30.61%	28.53%	27.36%	27.04%