Strong Operating Performance
The underlying operating performance increased by 38%, with an 11% increase in Clean Air and a 33% increase in Platinum Group Metals.
Cash Flow Turnaround
Johnson Matthey achieved a significant turnaround in cash flow, moving from a significant cash outflow last year to a small inflow, with more improvements expected in the future.
Sale of Catalyst Technologies On Track
The sale of Catalyst Technologies to Honeywell is on track to close in the first half of 2026, with GBP 1.4 billion to be returned to shareholders upon closure.
Strong Performance in Platinum Group Metals
Platinum Group Metals Services reported a 33% increase in underlying operating profit, supported by higher metal prices and improved efficiencies.
Clean Air Margin Improvement
A 200 basis point increase in the margin for Clean Air was achieved, keeping the company on track for a 14% to 15% margin by the end of the fiscal year.
Positive Customer and Employee Feedback
The Net Promoter Score increased by 15 points, and employee engagement improved, indicating positive customer and employee sentiment.