Elementis PLC

Latest Results (07.12.2025):

Elementis PLC — interim results for the six months ended 30 June 2025 (covering Q1 and Q2 2025 / first half 2025): the Group delivered a strong first‑half performance with adjusted operating profit up, margins improving and balance sheet strength following the sale of the Talc business; the Board declared an increased interim dividend and commenced a $50m buyback while reiterating full‑year profit guidance in line with market expectations.

Key financials

Revenue $308m (down ~1% constant currency), adjusted operating profit $65m (up 7% constant currency), adjusted operating margin 21% (vs 20% prior year), adjusted diluted EPS 6.8c (up 19%), interim dividend 1.3c (up from 1.1c).

Balance sheet & returns

Net debt reduced to $125m (36% lower vs 31 Dec 2024); net debt to EBITDA 0.9x. $50m share buyback progressing as planned using Talc sale proceeds.

Cash flow

Adjusted EBITDA $76.6m; adjusted operating cash flow $42.0m; free cash flow $16.0m. Cash inflow from Talc disposal boosted investing cash by $52.5m in the period.

Segments — Personal Care

Personal Care revenue $116m, up ~2% constant currency; adjusted operating profit $39.5m and record margin ~34%, driven by Cosmetics and AP Actives growth and cost savings.

Segments — Coatings

Coatings revenue $191.5m, down ~3.5% constant currency; adjusted operating profit $34.9m and margin ~18%, remaining resilient despite softer global demand and site operational issues at St. Louis (being addressed).

Discontinued operations — Talc

Talc business sale completed May 2025 (enterprise value ~$121m; net cash proceeds ~$55m); discontinued loss recognised of ~$100m in the period; proceeds used to reduce debt and fund the $50m buyback.

Strategy & outlook

“Elevate Elementis” launched: medium‑term ambitions include mid‑single digit revenue growth, adjusted operating margin 23%+, three‑year operating cash conversion >90% and ROCE (ex‑goodwill) >30%. Full‑year adjusted operating profit expected in line with market consensus (~$126m).

Other notable points

Ongoing efficiency programme (on track for $12m savings in 2025 and $10m incremental savings by 2026 net of R&D), SBTi‑validated GHG targets, several product launches across Personal Care and Coatings, and continued focus on service improvement (OTIF) and plant debottlenecking.