The Vesuvius Plc Board has declared an interim dividend of 7.1 pence per share for H1 2026, consistent with the interim dividend for 2025 (7.1p). The interim dividend will be paid on 8 October 2026 to shareholders on the register at the close of business on 4 September 2026. The ex-dividend date will be 3 September
Other financial highlights include:
Positive net pricing and benefits of structural cost reductions were offset by temporary operational challenges in the Steel Division, impacting both revenue and trading profit in the first half
Steel Division
o Positive momentum in steel production confirmed (World ex China, Iran, Russia and Ukraine) with 3.8% growth versus H1 2025; Chinese net steel exports reduced by 5.3% versus H1 2025
o Flow Control showed improved trading profit and Return on Sales despite operational challengestemporarily impacting sales and costs
o Advanced Refractories performance was significantly lower than anticipated due to operational challenges in North America and India and a challenging pricing environment in EMEA
Foundry Division
o End markets remain positive in China and India and are beginning to improve in North America and Japan; markets remain subdued however in Europe and South America
o Significant revenue and trading profit improvement driven by the re-establishment of net positive pricing, structural cost reductions, market share gains and the MMS acquisition
Continued good progress in the Group's structural cost reduction programme with £7.4m delivered in H1, ahead of schedule
Continued progress in R&D outcomes with the Group's New Product Sales ratio at 21.0%, above our target of 20%
Good cash management with improved working capital intensity (23.1% vs 23.6% at FY2025) and improved leverage (1.9x versus 2.0x at FY25 year end, on a pro-forma basis)
