Fundies.
English

Morgan Advanced Materials plc

ESEF
Report (type unavailable) · filed 2026-04-07

Annual consolidated revenue for 2025: about GBP 996.6M, using the latest reported figures. The previous period, 2024, was about GBP 1.06B.

Inspect reported changes Compare with another company Historical disclosures Segments
Watchlist

Latest fiscal year

Revenue

997 million GBP

2025 · GBP

Exact inputs and evidence

Operating margin

4.54%

2025 · %

Exact inputs and evidence
  • Operating Income: 45200000 GBP Source
  • Revenue: 996600000 GBP Source

Operating cash flow

118 million GBP

2025 · GBP

Exact inputs and evidence
  • Operating Cash Flow: 117800000 GBP Source

Free cash flow

50.7 million GBP

2025 · GBP

Exact inputs and evidence
  • Operating Cash Flow: 117800000 GBP Source
  • Capital Expenditure Including Intangibles: 67100000 GBP Source
Cash and cash equivalents
79.3 million GBP Source
Exact value

79300000 GBP

Long-term debt including current maturities
Not available
Shares outstanding
Not available

Company performance

Up to ten complete financial years · consolidated figures

Includes later revisions to earlier periods. Annual charts exclude incomplete years.

Latest filing recorded: 2026-04-07.

Financial data available through: 2025-12-31.

Coverage by financial measure
  • Revenue: 2 of 11 periods available· newest 2025-12-31
  • Operating income: 2 of 11 periods available· newest 2025-12-31
  • Net income: 2 of 11 periods available· newest 2025-12-31
  • Operating cash flow: 2 of 11 periods available· newest 2025-12-31
  • capital expenditure: No compatible figures in this window
  • Total assets: 2 of 11 periods available· newest 2025-12-31
  • Total liabilities: 2 of 11 periods available· newest 2025-12-31
  • Current assets: 2 of 11 periods available· newest 2025-12-31
  • Current liabilities: 2 of 11 periods available· newest 2025-12-31
  • Cash and cash equivalents: 2 of 11 periods available· newest 2025-12-31
  • long term debt: No compatible figures in this window
  • shares outstanding: No compatible figures in this window

Coverage describes values retained in this snapshot. Missing values are not zero; loading limits are reported separately.

What changed year over year

Latest complete year compared with the corresponding period one year earlier. These are measured changes; they do not establish their business causes.

  • Revenue

    -6%

    Prior period

    GBP 1.06 billion

    –

    Current period

    GBP 996.6 million

    –

    Exact inputs and evidence

    996600000 − 1060100000 = -63500000 GBP

    1060100000 GBP · 2024-01-01 – 2024-12-31

    Inspect prior input Prior source

    996600000 GBP · 2025-01-01 – 2025-12-31

    Inspect current input Current source
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  • Net income

    -58.1%

    Prior period

    GBP 50.3 million

    –

    Current period

    GBP 21.1 million

    –

    Exact inputs and evidence

    21100000 − 50300000 = -29200000 GBP

    50300000 GBP · 2024-01-01 – 2024-12-31

    Inspect prior input Prior source

    21100000 GBP · 2025-01-01 – 2025-12-31

    Inspect current input Current source
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  • Operating cash flow

    +4%

    Prior period

    GBP 113.3 million

    –

    Current period

    GBP 117.8 million

    –

    Exact inputs and evidence

    117800000 − 113300000 = 4500000 GBP

    113300000 GBP · 2024-01-01 – 2024-12-31

    Inspect prior input Prior source

    117800000 GBP · 2025-01-01 – 2025-12-31

    Inspect current input Current source
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Comparable inputs unavailable for: Capital expenditure.

Where revenue goes

How a period’s revenue divides into costs and what remains as profit. Items marked Derived are calculated by subtraction from reported figures.

2025 2025-01-01 – 2025-12-31

  • Revenue GBP 996.6 million 100% of revenue
  • Operating costs Derived GBP 951.4 million 95% of revenue
  • Operating income GBP 45.2 million 4.5% of revenue
  • Tax, interest and other Derived GBP 24.1 million 2.4% of revenue
  • Net income GBP 21.1 million 2.1% of revenue

Cash

  • Operating cash flow GBP 117.8 million 12% of revenue
  • Capital expenditure including intangibles GBP 67.1 million 6.7% of revenue
  • Free cash flow Derived Capital expenditure here includes intangible assets. GBP 50.7 million 5.1% of revenue

Share of revenue by period

  • Net income
  • Tax, interest and other
  • Operating costs
  • 2024 91%
  • 2025 95%
Values and sources
Revenue breakdown by annual reporting period
PeriodRevenueOperating costsOperating incomeTax, interest and otherNet incomeFree cash flowSource
2024 2024-01-01 – 2024-12-311060100000 960900000 Derived 99200000 48900000 Derived 50300000 17200000 Derived Capital expenditure here includes intangible assets.
Source
2025 2025-01-01 – 2025-12-31996600000 951400000 Derived 45200000 24100000 Derived 21100000 50700000 Derived Capital expenditure here includes intangible assets.
Source

Amounts are exact, in GBP.

Growth

Sales over time and how quickly they are changing.

Revenue

Revenue reported for each complete financial period.

GBP 996.6M 2025
Revenue historyRevenue reported for each complete financial period. Values are shown by financial reporting period. Open Values and sources below for the exact observations and evidence.1.1B858.7M572.5M286.2M0.020242025
Values and sources
Revenue values and source evidence
PeriodSeriesValue(GBP)Source evidence
2024Revenue1060100000
2025Revenue996600000

Revenue growth

Change in revenue from the same financial period one year earlier.

-6% 2025
Revenue growth historyChange in revenue from the same financial period one year earlier. Values are shown by financial reporting period. Open Values and sources below for the exact observations and evidence.0.5%-1.3%-3.0%-4.7%-6.5%20242025
Values and sources
Revenue growth values and source evidence
PeriodSeriesValueSource evidence
2024Year over yearNo prior comparable period
2025Year over year-6%

Profit and cash

How much revenue becomes profit, and how much cash operations generate.

Profit margins

Operating income, net income and free cash flow as a share of revenue.

Operating margin 4.5% 2025
Net margin 2.1% 2025
Free cash flow margin 5.1% 2025
Profit margins historyOperating income, net income and free cash flow as a share of revenue. Values are shown by financial reporting period. Open Values and sources below for the exact observations and evidence.10.1%7.6%5.1%2.5%0.0%20242025
  • Operating margin
  • Net margin
  • Free cash flow margin
Values and sources
Profit margins values and source evidence
PeriodSeriesValueSource evidence
2024Operating margin9.4%
2025Operating margin4.5%
2024Net margin4.7%
2025Net margin2.1%
2024Free cash flow margin1.6%
2025Free cash flow margin5.1%

Operating cash flow

Cash generated by the company’s normal business operations.

GBP 117.8M 2025
Operating cash flow historyCash generated by the company’s normal business operations. Values are shown by financial reporting period. Open Values and sources below for the exact observations and evidence.127.2M95.4M63.6M31.8M0.020242025
Values and sources
Operating cash flow values and source evidence
PeriodSeriesValue(GBP)Source evidence
2024Operating cash flow113300000
2025Operating cash flow117800000

Free cash flow

Operating cash flow minus capital expenditure for the same period and unit.

GBP 50.7M 2025
Free cash flow historyOperating cash flow minus capital expenditure for the same period and unit. Values are shown by financial reporting period. Open Values and sources below for the exact observations and evidence.54.8M41.1M27.4M13.7M0.020242025
Values and sources
Free cash flow values and source evidence
PeriodSeriesValue(GBP)Source evidence
2024Free cash flow17200000
2025Free cash flow50700000

Balance sheet

Liabilities and short-term ability to meet obligations at each period end.

Liabilities to assets

Total liabilities as a share of total assets.

64.6% 2025
Liabilities to assets historyTotal liabilities as a share of total assets. Values are shown by financial reporting period. Open Values and sources below for the exact observations and evidence.70%52%35%17%0%20242025
Values and sources
Liabilities to assets values and source evidence
PeriodSeriesValueSource evidence
2024Liabilities / assets63.9%
2025Liabilities / assets64.6%

Current assets to current liabilities

Current assets divided by current liabilities.

1.23× 2025
Current assets to current liabilities historyCurrent assets divided by current liabilities. Values are shown by financial reporting period. Open Values and sources below for the exact observations and evidence.1.97×1.48×0.98×0.49×0.00×20242025
Values and sources
Current assets to current liabilities values and source evidence
PeriodSeriesValueSource evidence
2024Current assets / current liabilities1.82×
2025Current assets / current liabilities1.23×

Cash generation

Compare reported profit with operating cash and capital spending. Free cash flow is calculated as operating cash flow minus capital expenditure when both exact, consolidated amounts match the same period and unit.

Cash generation by annual reporting period
PeriodNet incomeOperating cash flowCapital expenditureFree cash flow
2024 2024-01-01 – 2024-12-31
GBP 50.3 million
Exact value

Exact value: 50300000 GBP

2024-01-01 – 2024-12-31: 50300000 GBP Inspect Net Income Open source
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GBP 113.3 million
Exact value

Exact value: 113300000 GBP

2024-01-01 – 2024-12-31: 113300000 GBP Inspect Operating Cash Flow Open source
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GBP 96.1 million Capital expenditure here includes intangible assets.
Exact value

Exact value: 96100000 GBP

2024-01-01 – 2024-12-31: 96100000 GBP Inspect Capital Expenditure Including Intangibles Open source
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GBP 17.2 million Capital expenditure here includes intangible assets.
Calculation and evidence

113300000 − 96100000 GBP

Exact free cash flow: 17200000 GBP

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2025 2025-01-01 – 2025-12-31
GBP 21.1 million
Exact value

Exact value: 21100000 GBP

2025-01-01 – 2025-12-31: 21100000 GBP Inspect Net Income Open source
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GBP 117.8 million
Exact value

Exact value: 117800000 GBP

2025-01-01 – 2025-12-31: 117800000 GBP Inspect Operating Cash Flow Open source
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GBP 67.1 million Capital expenditure here includes intangible assets.
Exact value

Exact value: 67100000 GBP

2025-01-01 – 2025-12-31: 67100000 GBP Inspect Capital Expenditure Including Intangibles Open source
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GBP 50.7 million Capital expenditure here includes intangible assets.
Calculation and evidence

117800000 − 67100000 GBP

Exact free cash flow: 50700000 GBP

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Capital expenditure uses the canonical mapped positive-spending convention. A missing, ambiguous, incompatible, or negative-sign input is left blank. Values use the latest reported version.

Dataset coverage and company identifiers

Coverage reflects filings processed into this Fundies dataset; it does not imply every source filing is loaded.

1 filings · 212 latest values · 212 originally reported values

Dataset published . Source filing dates and reporting periods are shown separately.

Identifiers: I4K14LL95N2PHDL7EG85, esef:I4K14LL95N2PHDL7EG85