The Morgan Advanced Materials Plc Board has resolved to pay an interim dividend of 5.4 pence (H1 2025: 5.4 pence) per Ordinary share. The interim dividend will be paid on 17 November 2026 to Ordinary shareholders on the register of members at the close of trading on 23 October 2026. The ex-dividend date will be 22 October 2026.
Other financial highlights include:
•Organic constant-currency revenue up 4.8%; up 3.0% excluding phasing benefit from semiconductor take-or-pay contract, and adjusted operating profit* margin of 11.2%
•Revenue, adjusted operating profit and net debt benefit from phasing impact of £8.9 million income from a semiconductor customer which will not repeat in H2
•Business simplification programme on track to deliver previously communicated annualised run-rate benefits of £27 million by the end of 2026
•Net debt to EBITDA (excl. IFRS 16 leases) of 2.0 times reflects recent investments in capacity, simplification and ERP; expected to reduce in H2 as free cash flow* normalises, as well as the potential MMS disposal proceeds
