- Johnson Matthey
- 09 October 2025 07:55:17
Source: Sharecast
In a pre-close trading update for the half year ended 30 September, the company said it expects a strong performance in group underlying profit for the half year, driven by ongoing efficiency improvements across the group, as well as strong trading in the PGM Services business.
The speciality chemicals firm also said it was making "encouraging progress" in terms of cash performance and expects to report a "significant" year-on-year improvement in the first half.
Overall group performance will continue to be weighted towards the second half, it said. If precious metal prices and foreign exchange rates remain at current levels for the rest of 2025/26, JMAT now expects a net benefit of around £10m to full-year operating performance compared with the prior year. In May, the company guided to a £5m net adverse impact.
Johnson Matthey said it expects the sale of the Catalyst Technologies business to Honeywell International to complete in the first half of 2026.
For the 2025/26 financial year, Catalyst Technologies will be reported as a discontinued operation in accordance with IFRS 5, it said.