Johnson Matthey (LON:JMAT) told shareholders at its 2026 Annual General Meeting that it remains on track with its restructuring plans and medium-term commitments, while highlighting progress on cash generation, portfolio changes and new investments.
Opening the meeting, Chair Andy said his first year with the company had been marked by “considerable change” as Johnson Matthey works to simplify the business, sharpen its focus, improve execution and efficiency, and generate more cash
He said the company delivered a “solid performance” in a challenging macroeconomic backdrop and met its revised operating financial commitments. The company returned GBP 129 million to shareholders during the year, Andy said. The board is proposing a final dividend of GBP 0.55 per share, bringing the total dividend for the year to GBP 0.77 per share, in line with the prior year.
Profit and cash flow improve Chief Executive Liam Condon said Johnson Matthey delivered full-year performance in line with previously upgraded guidance for 2025/2026. He said underlying operating profit rose 6% on a reported basis and was up 14%, while the Clean Air business improved margins to the mid-teens. Condon said Hydrogen Technologies achieved run-rate breakeven, and the group delivered a “very material step-up” in free cash flow, with cash generation up more than 160% year over year.