Morgan Advanced Materials : Releases 2025 Annual Report

About this update from Morgan Advanced Materials Plc

Strategy and progress Under the leadership of our CEO, Damien Caby, we refined our strategy to focus on three key areas: Transform, Drive, and Maximise. This strategy is designed to help us achieve a 12% adjusted operating margin by 2028 and deliver long-term sustainable performance. Key milestones during the year included: Delivering £24 million in cumulative savings through our simplification programme Successfully piloting our new global ERP system Beginning a formal strategic review of our Thermal Products division Completing the sale of Molten Metal Systems (MMS) for £76.2 million in November 2025 Our sustainability progress We continued to make progress against our environmental and social goals. Reduced Scope 1 and 2 emissions, which are now 58% lower than our 2015 baseline Reached our SBTi target of 80% renewable and nuclear electricity Reduced total water withdrawal by 11% compared tho the prior year Increased female leadership representation to 36% We also advanced our climate reporting and risk management in line with TCFD requirements, including scenario modelling and a shadow internal carbon price.

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