Company summary
Morgan Advanced Materials manufactures specialist carbon and ceramic products used in demanding applications where heat resistance, electrical properties, durability and precision are critical.
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MGAM
Morgan Advanced Materials
Electronic & Electrical Equipment
- Index
- FTSE 250
- ISIN
- Not specified
- Book status
- 2026 edition — current
Key activities
Advanced carbon and graphite products, technical ceramics, thermal ceramics, electrical and sealing products and specialist materials for aerospace, defence, semiconductor, energy, healthcare and industrial customers.
Key markets
Global industrial markets, with important exposure to aerospace and defence, semiconductor equipment, energy transition, healthcare and other high-performance engineering applications.
Key drivers
Aerospace and defence demand, semiconductor recovery, margin improvement, site consolidation, ERP and supply-chain transformation, pricing, portfolio optimisation and growth in high-value specialist materials.
Key risks
Industrial and semiconductor downturns, manufacturing execution, energy and raw-material costs, cyber and ERP implementation risk, restructuring costs, currency movements and failure to achieve targeted margin recovery.
Recent Developments
6 August 2026: Morgan presented its 2026 half-year results as it continued a strategy centred on operational transformation, portfolio optimisation and selected high-growth markets. Management is targeting a return to a 12% operating margin by 2028.
Dividend notes
Pays interim and final dividends under a policy to maintain and then grow the ordinary dividend with roughly 2.5-times adjusted earnings cover. The 2025 final dividend of 6.8p went ex-dividend on 9 April 2026 and was paid on 12 May; total 2025 dividend was 12.2p.
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