tiprankstipranks
Morgan Advanced Materials PLC (GB:BA05)
LSE:BA05
UK Market
BA05
Morgan Advanced Materials
RESEARCH TOOLSreports

Morgan Advanced Materials (BA05) Earnings Dates, Call Summary & Reports

0 Followers

Earnings Data

Report Date
Jul 31, 2026
TBA (Not Confirmed)
Period Ending
2026 (Q2)
Consensus EPS Forecast
―
Last Year’s EPS
―
Same Quarter Last Year
Analyst Consensus
―
Based on 0 Analysts Ratings

Earnings Call Summary

Q4 2025
Earnings Call Date:Mar 03, 2026|
% Change Since:
|
Earnings Call Sentiment|Neutral
The call balanced clear proactive strategic responses, cost and working capital discipline, and pockets of strong growth (Aerospace/Defense, fire protection) against material near-term challenges: a semiconductor-driven revenue decline, one-off impairments and adjusting items, Thermal Products underperformance under review, and leverage above target. Management provided concrete mitigation actions (simplification benefits, procurement and site optimization, ERP rollout) and 2026 guidance targeting modest revenue growth (1%–2%) and margin recovery to around 10%, indicating stabilization but not yet a full turnaround.
Company Guidance
The company guided that for 2026 it expects organic constant‑currency revenue growth of 1–2%, adjusted operating profit margin to return to around 10%, capital expenditure of ~£50m (c.1.2x depreciation), net finance charge of ~£24m, an effective tax rate of 27–29% and year‑end leverage of c.1.7x (target ongoing leverage 1.0–1.5x, with a plan to bring leverage to ~1.5x over the next two years), while transform activities are expected to deliver net benefits of c.£11m in 2026 and continued margin uplift (simplification and CI delivered c.1.7pp in 2025 and c.£16m in‑year benefits), ERP spend of ~£20m in 2026 (winding down in 2027), pricing running at c.3.5% versus ~5% COGS inflation, and the board will maintain the dividend (12.2p in 2025) until cover recovers to c.2.5x.
Resilient headline margin and profitability
Headline adjusted operating profit of GBP 99.1m with an adjusted operating margin of 9.6%, showing resilience despite challenging markets; return on invested capital of 14.1% (slightly below through-cycle range).
Positive free cash flow and improved working capital
Headline free cash flow inflow of GBP 45.4m and a working capital improvement/inflow of GBP 50.4m (underlying improvement ~GBP 13m plus GBP 38m of non‑recourse arrangements), reflecting stronger inventory and receivables management.
Selective end-market outperformance
Technical Ceramics revenue growth driven by Aerospace & Defense up 22%; Fire Protection (Thermal strategic growth area) delivered double-digit growth and Middle East revenues increased by 60% in 2025.
Pricing and simplification helped offset inflation
Pricing increases of around 3.5% partly offset ~5% inflation on cost of goods sold; simplification and continuous improvement delivered c.1.7 percentage points of margin benefit and GBP 16m of in‑year benefits in 2025.
Clear strategic actions and targets
Announced three strategic levers (transform operational effectiveness, drive stronger growth, maximize portfolio value) with a roadmap to reach c.12% EBITDA margin by 2028 and procurement/site initiatives expected to deliver at least GBP 20m of margin improvement by 2028.
Portfolio optimization underway
Sale of Molten Metal Systems completed with net GBP 10m after tax and fees received in 2025 (balance due in 2026); initiated strategic review of Thermal Products to maximize portfolio value and consider disposal or other options.
Prudent capital allocation and guidance
Net debt at GBP 232m (excluding leases) at c.1.8x EBITDA with management targeting to return leverage to ~1.5x over next two years; 2026 guidance: organic constant currency revenue growth 1%–2% and adjusted operating margin returning to around 10%.

Morgan Advanced Materials (GB:BA05) Earnings, Revenues Date & History

The upcoming earnings date is based on a company’s previous reporting, and may be updated when the actual date is announced
Daily Earnings Calendar >

GB:BA05 Earnings History

Report Date
Fiscal Quarter
Forecast / EPS
Last Year's EPS
EPS YoY Change
Press Release
Slides
Play Transcript
Jul 31, 2026
2026 (Q2)
- / -
――――
Mar 03, 2026
2025 (Q4)
- / -
――――
Aug 07, 2025
2025 (Q2)
- / -
――――
Feb 28, 2025
2024 (Q4)
- / -
――――
Aug 06, 2024
2024 (Q2)
- / -
――――
Mar 12, 2024
2023 (Q4)
- / -
――――
Aug 04, 2023
2023 (Q2)
- / -
――――
Apr 28, 2023
2022 (Q4)
- / -
――――
Jul 29, 2022
2022 (Q2)
- / -
――――
Mar 04, 2022
2021 (Q4)
- / -
――――
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed

GB:BA05 Earnings-Related Price Changes

Report Date
Price 1 Day Before
Price 1 Day After
Percentage Change
Mar 03, 2026
78.75 p78.75 p0.00%
Aug 07, 2025
78.75 p78.75 p0.00%
Feb 28, 2025
78.75 p78.75 p0.00%
Aug 06, 2024
78.75 p78.75 p0.00%
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.

FAQ

When does Morgan Advanced Materials PLC (GB:BA05) report earnings?
Morgan Advanced Materials PLC (GB:BA05) is schdueled to report earning on Jul 31, 2026, TBA (Not Confirmed).
    What is Morgan Advanced Materials PLC (GB:BA05) earnings time?
    Morgan Advanced Materials PLC (GB:BA05) earnings time is at Jul 31, 2026, TBA (Not Confirmed).
      Where can I see when companies are reporting earnings?
      You can see which companies are reporting today on our designated earnings calendar.
        What companies are reporting earnings today?
        You can see a list of the companies which are reporting today on TipRanks earnings calendar.
          What is the P/E ratio of Morgan Advanced Materials PLC stock?
          The P/E ratio of Morgan Advanced Materials is N/A.
            What is GB:BA05 EPS forecast?
            Currently, no data Available