The earnings call highlighted significant strategic moves, particularly the sale of Catalyst Technologies and the commitment to enhanced shareholder returns. Operational improvements in Clean Air and the commissioning of a new PGM refinery set a positive outlook. However, challenges remain in the hydrogen segment and short-term impacts from the PGM transition, indicating a broadly positive but cautiously optimistic sentiment.

Company Guidance

In the recent call, Johnson Matthey provided detailed guidance on their strategic and financial outlook. The company announced the sale of its Catalyst Technologies business to Honeywell for £1.8 billion, a move that will result in returning £1.4 billion to shareholders, equivalent to £8 per share based on the previous day's share price. The operating profit margin for Clean Air is expected to rise from the current 11.8% to 16%-18% by 2027-2028, with 90% of the £2 billion sales target for that period already secured. The company also highlighted improvements in their PGMS business, with sales expected to reach £450 million and margins around 30% by 2027-2028. Johnson Matthey plans to reduce CapEx significantly after completing its new refinery, leading to a sustainable free cash flow of at least £250 million annually from 2026-2027. The sale of Catalyst Technologies, which was previously a 7% operating profit business, will be completed in the first half of 2026, subject to regulatory approval.

Catalyst Technologies Sale

Johnson Matthey announced the sale of Catalyst Technologies to Honeywell for £1.8 billion. The sale recognizes the improved performance of Catalyst Technologies, whose margins increased from 7% to 14% over three years, increasing sales by 50% and profitability threefold.

Clean Air Segment Improvement

Clean Air's operating margins improved from 8% to nearly 12%, with expectations to reach 16% to 18% by 2027-2028. The segment achieved a 100% win rate in heavy-duty diesel and increased its market share in light-duty gasoline, particularly hybrids.

New PGM Refinery

Johnson Matthey is on track to commission a new world-class PGM refinery by the end of 2026-2027. The new refinery is expected to significantly improve cash generation and operational efficiency.

Shareholder Returns Commitment

The company plans to return £1.4 billion to shareholders from the Catalyst Technologies sale and commits to £200 million in annual cash returns from 2026-2027 onwards.

Strong Cash Flow and Reduced Debt

The company reported strong free cash flow, partly due to the sale of the Medical Devices business, and reduced net debt to £799 million, maintaining a comfortable leverage ratio of 1.4x.

Johnson Matthey (GB:JMAT) 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:JMAT Earnings History

Report Date	Fiscal Quarter	Forecast / EPS	Last Year's EPS	EPS YoY Change	Slides	Play Transcript
Nov 26, 2025	2026 (Q2)	- / -	0.869	―	―	―
May 22, 2025	2025 (Q4)	0.85 / 0.92	0.821	11.94% (+0.10)	―	―
Nov 27, 2024	2025 (Q2)	- / 0.87	0.346	151.16% (+0.52)	―	―
May 23, 2024	2024 (Q4)	0.94 / 0.82	0.902	-8.98% (-0.08)	―	―
Nov 22, 2023	2024 (Q2)	0.77 / 0.35	0.817	-57.65% (-0.47)	―	―
May 25, 2023	2023 (Q4)	0.95 / 0.90	0.98	-7.96% (-0.08)	―	―
Nov 23, 2022	2023 (Q2)	0.84 / 0.82	1.148	-28.83% (-0.33)	―	―
May 26, 2022	2022 (Q4)	0.93 / 0.98	1.34	-26.87% (-0.36)	―	―
Nov 24, 2021	2022 (Q2)	1.04 / 1.15	0.477	140.67% (+0.67)	―	―
May 27, 2021	2021 (Q4)	- / 1.34	1.033	29.72% (+0.31)	―	―

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:JMAT Earnings-Related Price Changes

Report Date	Price 1 Day Before	Price 1 Day After	Percentage Change
May 22, 2025	1344.87p	1757.33p	+30.67%
Nov 27, 2024	1422.93p	1256.14p	-11.72%
May 23, 2024	1666.99p	1647.62p	-1.16%
Nov 22, 2023	1327.52p	1394.40p	+5.04%

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 Johnson Matthey (GB:JMAT) report earnings?

Johnson Matthey (GB:JMAT) is schdueled to report earning on Nov 26, 2025, TBA (Confirmed).

What is Johnson Matthey (GB:JMAT) earnings time?

Johnson Matthey (GB:JMAT) earnings time is at Nov 26, 2025, TBA (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?

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What is the P/E ratio of Johnson Matthey stock?

The P/E ratio of Johnson Matthey is N/A.

What is GB:JMAT EPS forecast?

Currently, no data Available

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